NetTrap Metatrader Expert Advisor

This is a discussion on NetTrap Metatrader Expert Advisor within the Forex Net Trap forums, part of the Specialists' Corner category; Aaarrrggghhh - sods law - found a bug in an option that probably no one will ever use Fixed version ...

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Old Oct 21, 2010, 6:45am   #33
Joined Dec 2006
Re: NetTrap Metatrader Expert Advisor

SpindriftUK started this thread Aaarrrggghhh - sods law - found a bug in an option that probably no one will ever use

Fixed version attached...

Cheers,
Spin
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Thanks! The following members like this post: mark120169
Old Oct 22, 2010, 2:48am   #34
Joined May 2009
Re: NetTrap Metatrader Expert Advisor

Hi Greg,

Great work with the EA, surprised more people haven't picked up on this. Perhaps due to lack of understanding of EAs and MT4?

I've been running a few tests myself, and was wondering if you could answer a few q's.

I have MM set to true and risk to 3%. It always risks 3% of starting bank and never compounds. ie. when bank is higher, it is still risking 3% of initial bank. Which settings do I need to alter to allow it take advantage of compounding?

Last edited by Dubai; Oct 22, 2010 at 2:57am.
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Old Oct 22, 2010, 5:54am   #35
Joined Dec 2006
Re: NetTrap Metatrader Expert Advisor

SpindriftUK started this thread
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Originally Posted by Dubai View Post
Hi Greg,

Great work with the EA, surprised more people haven't picked up on this. Perhaps due to lack of understanding of EAs and MT4?

I've been running a few tests myself, and was wondering if you could answer a few q's.

I have MM set to true and risk to 3%. It always risks 3% of starting bank and never compounds. ie. when bank is higher, it is still risking 3% of initial bank. Which settings do I need to alter to allow it take advantage of compounding?
Hi Dubai

Thanks, I think you're right about EAs and MT4. Also, with most variants, it's pretty easy to set up the trades manually and once set up, they don't require any intervention.

To get compounding, you need to make sure that the "useAccountBalance" parameter is set to TRUE. If it's FALSE, the program will use the value specified by the "tradingBank" parameter as the bank for every trade.

Cheers,
Greg
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Old Oct 22, 2010, 6:52am   #36
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Re: NetTrap Metatrader Expert Advisor

Hi Greg,

I tried that but it still uses the trading bank parameter for risk. Does the trading bank parameter need to be 0 for it work?
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Old Oct 22, 2010, 7:04am   #37
Joined Dec 2006
Re: NetTrap Metatrader Expert Advisor

SpindriftUK started this thread
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Originally Posted by Dubai View Post
Hi Greg,

I tried that but it still uses the trading bank parameter for risk. Does the trading bank parameter need to be 0 for it work?
No, shouldn't need that. Can you save your parameters and post the .set file (you will need change it to a .txt to be able to attach it to the post)?

Cheers,
Greg
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Old Oct 22, 2010, 7:22am   #38
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Re: NetTrap Metatrader Expert Advisor

This has been bugging me for a few weeks now.

Whenever I save a template or EA or preset, it never presents itself when accessing it through C:>MT4>Experts>preset

but it is there when platform is open?!
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Old Oct 22, 2010, 8:00am   #39
Joined Dec 2006
Re: NetTrap Metatrader Expert Advisor

SpindriftUK started this thread
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Originally Posted by Dubai View Post
This has been bugging me for a few weeks now.

Whenever I save a template or EA or preset, it never presents itself when accessing it through C:>MT4>Experts>preset

but it is there when platform is open?!
Hmmm - peculiar. Can you send me some screenshots? E.g. when you do the save, can you click the down arrow to display the directory structure and capture that? Then the same when you're looking at the directory with Explorer/File Manager? And again on the parameter set load? If it's definitely the same directory, perhaps those files are being hidden somehow when you're looking with Explorer/File Manager?
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Old Oct 22, 2010, 8:36am   #40
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Re: NetTrap Metatrader Expert Advisor

SpindriftUK started this thread
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Originally Posted by Dubai View Post
Hi Greg,

I tried that but it still uses the trading bank parameter for risk. Does the trading bank parameter need to be 0 for it work?
Just had a thought. If the account balance you're using is fairly low, it could be that the program is returning the minimumLots. This can make it look as though the increase in percentage is having no effect, as the returned order volume won't change until the calculated lots exceed the minimum.
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