Expert advidor - The Money Reaper

And now comes the third trade.

It is a SHORT trade with a 0.01 size @ 1.16289. In forex they call this a hedge trade. It is not a hedge trade at all. But Forex was developed by a bunch of inexperienced global players decades ago that did not know any better and did not know what trading terms meant.

So we have two long trades on and one short trade on IN THE SAME INSTRUMENT. I have this "Money Reaper" trading on an ECN account Demo Account and the spreads have now tightened up from the open to 1.6 pips.

I have no idea what the stops and targets are as again they are in stealth mode. I am unable to see the code as it has not been provided.

ES

2018-09-16_145424 Money Reaper.png
 
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And the Fourth Trade....Sell 0.01 @ 1.16261

I have no idea how many trades will be placed...maybe they keep going each 15 minutes until the weighting becomes net long or net short enough to reach a stealth Stop or Target. Then it starts over.

We shall see.

ES

P.S. There are start time & end time setting in the inputs to filter out times like this

2018-09-16_151922 Inputs.png
 
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So apparently we stop at 5 trades (3 shorts and two longs) just now, as this 15m candle would be the 6th trade..but we did not get one (no errors in the expert or journals tab). So lets wait and see...

Else..the stealth SL's and Targets take over the management...or there we be a resumption of entries at a later time. I am guessing we start over when the SL or the TP hits.

ES

P. S. I suspect a lot size of 0.01 might be for a $100.00 balance as the DD has been as high as $1.34. But this is way too early to tell. Perhaps the Author will gives us some pearls of wisdom.
 
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Funny we now get a 6th order...another sell...it skipped a candle...maybe as it gets deep into it's progression it skips a candle...we shall see.

ES
 
4 Sells and 3 buys now...I do not know why it skipped a candle...something to do with the range of the previous candle I guess, it was one of those neutral candles where the open and the close were the same..

So in the code that means that "Money Reaper" is using the range of the open & close and not the high & low...plus something else.

ES
 
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6 sells, 4 buys, Equity -$2.22

so during the range Money Reaper adds trades waiting for the breakout. The author said it is trying for the breakout...

uses a 1:1 ratio to calculate hidden TP and SL on possible breakouts..

Equal TP's and SL's.

We need a breakout to the short side at this moment...I wonder if this EA could be used to call one short/long entry? Run it in SIM and when it gets out of balance hit the long or short in your live account.

ES
 
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