Thursday, August 20, 2009

Version 1.07 was working beautifully...

..right up until there was a connection failure or a computer failure while trades are open. I had a few trades where the trailing stop was not handled properly after a system failure (when my dedicated trading machine tried to commit suicide recently) and noticed the potential for not only huge losses, but missed opportunities for entry because some trades that were supposed to be closed actually remained open. It was very discouraging.

So now there's version 1.08, which recovers beautifully from connection failures, system failures, any kind of failure (besides operator error of course). It has much improved trailing stop logic and fixes some obscure bugs that could only be caught when one of these system failures occured. The Preset Files for version 1.07 should still work but with one exception. Change useProtectiveStop=1 to useProtectiveStop=0, or you will get alot of break-even trades that will eat up a large percentage of your gains, and may even cause your account to be losing instead of winning.

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