LRSF_300 WIP1
I decided to start working on the next major version (version 3). Same rules apply as for my previous work. Please read post #1 as I updated it. There you can also download the start version 3.00.
Version 3.00 is a copy of version 2.11, but on the sourcecode I have reshuffled the source-files into new folders. The number of includes is by now so big that a more robust folder structure is needed to keep everything manageble.
What are the new targets for this version:
I decided to start working on the next major version (version 3). Same rules apply as for my previous work. Please read post #1 as I updated it. There you can also download the start version 3.00.
Version 3.00 is a copy of version 2.11, but on the sourcecode I have reshuffled the source-files into new folders. The number of includes is by now so big that a more robust folder structure is needed to keep everything manageble.
What are the new targets for this version:
- Stop Loss
In the previous version, stop-loss and take-profit (SLTP) where always managed together. I found that I would like to manage them completely separately. I might even want to switch off stop-loss all together in certain cases. The new version will enable us to set the behaviour of the stop-loss independently from the take-profit. This will actually simplify the code somewhat. - Trend detection
I found in version 2 that trend detection was not as easy as it seems. I have now build my own indicator that is incorporated into the program. The trend-detection is simply a combination of (usually) 3 moving averages on different timeframes.
The trend detection will keep working, even if a position is already open. This will enable us to open a second position if the trend reverses. (The second position would then be opposite the first position. This is not hedging as both positions will be managed independently. - Position management
Version 2 can only manage a position (consisting of several trades) with all trades being of the same type (BUY or SELL). In version 3 I will enhance this functionality so that also a position in the oposite direction can be managed, both independent of each other.
Remember: WIP versions will only work on demo accounts.
Cheers...
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