May 2015 Free Double in a Day EA Upgrade

This upgrade is FREE to existing owners

 

Double in a Day EA upgrade: May 2015

In this Double in a Day EA upgrade there are basically 2 main changes. Top-up stop choices and standard strategies. We have also and default setting where possible.

Top up stops

We have added an option for users to choose whether they want their top-up stops to be at

1. Breakeven or
2. at the original risk taken.

If for example let’s say a trader enters a DIAD using the breakeven stop alternative risking 5% to make 100%. If the transaction is stopped out at before a top-up the trader will lose 5% of the account. If stopped out after the top-ups the trader will transaction will be stopped out at breakeven and no loss will be incurred.

If for example the trader enters the same deal using the initial risk alternative risking 5% to make 100% and the transaction is stopped out at any time before reaching the target the loss will be 5%

These options can be found in the EA inputs tab under the “>Risk management for top-up” input as shown below.

So why the difference?

The difference comes in the size of the top-up stops.

Using the breakeven option the stops are

Initial                 17

1^st top-up          20

2^nd top-up         19

3^rd top-up          18

Using the initial loss option the stops are

Initial                 22   (5 better)

1^st top-up          24   (4 better)

2^nd top-up         20   (1 better)

3^rd top-up          18   (Same)

So the initial stop option give bigger stops which also gives the transaction more chance of success.

So it is a choice the trader can now make:

• Have bigger stops and possibly lose the initial risk (5% in this example) or
• have smaller stops and breakeven after the 1^st top-up.

 

Standard strategies

We have added 10 standard strategies which can be loaded into the EA in an instant.  You do this by selecting “LOAD” from the DIAD EA inputs tab.

And then selecting the strategy you wish to use. Clicking on it and then clicking on Open. This will automatically load your strategy into the EA inputs screen. All you need to change is the account size figure.

All you need to change is the account size figure and you are ready to find trades.

Details about the standard strategies.

You can change aspects of these strategies to meet your personal needs on a temporary or permanent basis. This maybe required when trading currencies with larger stops.

 

Any Questions?

Please add your questions to the facility below