Version 2.4 (Monday, Sep, 5th, 2011)

Version 2.4 adds support for the newest mt4 build up to version 406. No new functions or code was added or modified.



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Version 2.3 (Monday, Aug, 2nd, 2010)

Version 2.3 adds the ability for greater profitability and slightly safer exits with 4 new settings

- allowTrending has been added and default set to TRUE. This will turn this feature on or off.

- trendTrigger setting has been added to control when to start the order modification.

- trendPips setting has been added to set how many pips to add to the takeprofit

- trendStoploss setting was added as a safe guard incase the takeprofit gets raised and then the price reverses.



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Version 2.2 (Sunday, Nov, 29th, 2009)

Version 2.2 brings some important bug fixes and is a recommended upgrade from 2.1!

-Fixed an issue with pipstarter not triggering any trades under certain circumstances.

-If you are trading certain hours only, the EA will maintain and open new orders if neccessary open orders require them past your trading time. Once all the trades eventually close, no NEW starting trades will open until it is back into your time period.

-Added the iStopLoss support while using the ECN setting.



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Version 2.1 (Sunday, Nov 15th, 2009)

What's new?

Mass Hedging major bugs fixed!

Added a new individual trade stop loss setting (iStoploss)

Added TakeprofitPCT (When your floating PL reaches this percentage, all open trades are closed)

Added A PauseTrades setting (When set to TRUE, all open orders will be maintained until closed, and then no new orders will be opened)

Added A PauseTimer (If you set the StopLossPCT to say 30, and you hit this stoploss, then trading will be paused for this number of minutes)

Added EA_Name setting (You can choose what you want the EA to be named in the comment of each trade)

Fixed various bugs that plagued version 2.0





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Version 2.0 (Wednesday, Oct 21st, 2009)

With version 2.0 we bring a few new features, some still in beta, and recommended for DEMO TESTING ONLY.

Unlimited DEMO usage is now introduced!!! You will no longer need to enter your username or account number to run on a DEMO account.
You may run on as many DEMO accounts as you wish!

((((((((((((((( New Default Settings))))))))))))))

Default settings have been changed to use a much much more conservative long-term approach. The chance of seeing a margin call even with no stoploss is greatly reduced with these settings.

We have changed the recommended TIMEFRAME from H1 to M30 for the new DEFAULT settings for version 2.0.


((((((((((((((( New Features: ))))))))))))))))

--------#1-----------------------------

StopLossPct - This is the % in Floating P/L drawdown at which to CLOSE ALL OPEN ORDERS. So if you set this to 50% and your drawdown reaches 50%, ALL open orders will instantly be closed. This should be used very carefully as setting it too low will put a choke on the EA's system and it may not have enough room to surf a trend for a retrace.

---------#2 -----------------------------
MassHedging (BETA) - ***THIS FEATURE IS STILL IN BETA, DO NOT USE LIVE***
The purpose of this is to start opening hedge trades when you reach a certain number of trades deep into a trend. It comes with a setting called TradesDeep, where if set to 3 for example, it will start hedging trades once you have 3 buy or sell orders opened against a trend. So when a 4th buy or sell order is opened against this trend, a 2nd hedge trade will be opened with the lot size determined by the MassHedgingBooster setting. This is a great way to reduce big drawdowns during massive trends as the hedge trades will help keep enough margin to stay alive through bigger trends.

Example of how this works:

PipStarter                  100
TakeProfit                  100
Booster                      1.8

MassHedging               TRUE
TradesDeep                 3
MassHedgingBooster     1.8

--> A SELL order is opened at 1.0000 at 0.01 lots

--> The price move against it to 1.0100, so a second SELL order is opened with a lot size of 0.02

--> The price moves another 100 pips against to 1.0200 and a 3rd SELL order is opened with a lot size of 0.04

*** At this point, 3 orders against a trend have been opened, so our MassHedging starts because our TradesDeep is set to 3

--> Now the first MassHedge trade is opened at 0.04 lots (same booster values), with no TP, but a STOPLOSS set to match the TP of the SELL orders so they all close at the same time.

--> Price continues to move another 100 pips to 1.0300, so a 4th SELL order is opened with a lot size of 0.07

--> A 2nd MassHedge BUY is opened now at the same 0.07 lots, and the STOPLOSS of the 1st MassHedge is adjusted to match the last hedge trade opened.

*** This will keep going on until the price finally retraces 100 pips (Takeprofit value) at which point ALL trades, both original against the trend SELLs, and the MassHedge BUYS all close together.

So as you can see, if you get in a trend where you are 6 or 7 trades deep, having a few Hedged trades in there will greatly reduce the drawdown and provide much more breathing to give the price a chance to retrace.

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((((((((((((((((( Changes )))))))))))))))))) 

MaxTradesPerChart changed to two seperate parameters

MaxBuyOrders = The max amount of buy orders allowed open
MaxSellOrders = The max amount of sell orders allowed open