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Account Protector
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[QUOTE="Gulfstream550, post: 214972, member: 92349"] Greetings from [B]34.052235N, -118.243683W First, let me commend you on a job well-done and seriously needed piece of software; nicely done! Second, I have taken the time to read the entire description/specification manual posted on EarnForex.com, as well as all 32 pages of the thread on this software; got a lot of questions answered there. So I have about a 98% clear understanding as to how it works and how to use it (takes a bit of mental gymnastics though). That said, I still have some questions that are not clear to me, so here they are in no particular order (I refer to your software as the "AP").[/B] [LIST=1] [*]Re: "Filters"---I found this to be the most confusing, least intuitive of the 4 tabs. And the 3 sentence explanation really didn't provide much help in understanding this section either. So here's the specific things that I found confusing in the description/spec sheet: Magic Numbers box; you show #'s separated by semi-colon (is this the official & only format to enter these numbers?), the 5 bullet points; "...trading instruments" (I assume you mean currency pairs?) although I know some brokers trade in more than just Forex, the 5 bullet points again; (I have no understanding exactly what to do with these 5 selections; explain how they're used), Filtering by “Commentary”; I don’t understand exactly what this means, especially since you've provided several ways of doing it (contains, excludes, equals, not equals), please explain further exactly how this operates), and finally, "ignore losing/profitable trades" How does this work. I assume that all the selections on the Filter tab, somehow, work in conjunction with other selections in the Main, Conditions and, Actions tabs, thus the confusion. [*]Re: S-L’s (example scenario): If I am using a trading EA and I pre-set my S-L, B/E and/or T-S-L in the trading EA prior to a trade being opened…BUT, I have more controlling (stringent) settings in the AP, does the AP have the ability to override what’s set in the trading EA? OR…do the S-L, B/E, & T-S-L Input Variables of the trading EA have to be [I][B]undesignated[/B][/I] so the AP can control these functions solely without any software conflict? [*]I had no problem installing the AP, however, under the “Conditions” tab, I have 14 Conditional choices displayed to control trading. However, in the AP description/ instruction manual on EarnForex.com, there are 33 Conditions displayed in that photo. It appears as though some of the operational functions are missing (or have been removed in a new updated version). Is my download displaying correctly? And if not, what exactly needs to be done to correct this issue? My download is Version is 1.08 (6-16-2022). I saw no version update listing beyond the version I have. [*]Per posting # 310, page 16 in the Account Protector forum, you reply to an inquiry by stating “It failed to close some orders due to some temporary reason…” [B]Questions:[/B] What are the temporary reason(s) that would be applicable to a situation like this? Furthermore, is the software coded for iterations (retry’s) to carry out a function until that operational function is 100% complete? [*]Post #546---"AP [B][I]can’t[/I][/B] protect against a price spike if price spikes [B][I]beyond[/I][/B] the SL level that is set in the AP software." I'm assuming that all operational functions of the AP that can control any trade variable operation is being carried out by the software on the MT platform and never "talks" directly with the brokers server. If this is basically true, then.........[B]Question:[/B] Since the AP does not actually place trade entries or settings, is the solution to this anomaly to always set a hard SL that is actually sent to the brokers server to protect against any possible spike that bypasses the Account Protector’s pre-set protection level? In other words, should the trade entry software (or a manual trade entry if done that way) always set a hard back-up SL (sent to the brokers server) by a small amount just beyond the selected AP level as back-up protection to the AP just in case price does spike and gets past the AP. [/LIST] Thanks for your time and indulging me in my inquiries. I look forward to your responses. Regards [/QUOTE]
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