need help to understand this bot: "Daily Candle Breakout"
need help to understand this bot: "Daily Candle Breakout"
03 Jun 2022, 18:52
hi there. i found the following bot and there are some points that i don´t really can read through. so I thought maybe someone can help me.
this is the bot: https://ctrader.com/algos/cbots/show/984
first of all on line 28-30 is written:
// Defines relevant bar minimal size
[Parameter(
"Min Bar Size"
, DefaultValue = 66, MinValue = 1)]
public
int
minBarSize {
get
;
set
; }
.....
and on line 36-38 the following:
// Breakout threshold in pips
[Parameter(
"Breakout Trigger In Pips"
, DefaultValue = 9, MinValue = 0)]
public
int
breakoutPips {
get
;
set
; }
does that mean that for example it i choose 5 for the "Min Bar Size" and would leave the "Breakout Trigger In Pips" by 9 pips
the bot would trigger when a candle had a range of 5 pips total (inkl high/low) plus the next candle breaking out of mim 9 pips ???
and besides that i have tried to prevent stop loss but it still triggers somehow.
as u can see in the screeshot the first trade ist opendes and the sl has been triggered. can someone maybe tell me why accourding to my settings on the parameter pannel?
i have set SL to 6500055 just to have enough space and "Equity Stop Loss Ratio" to zero. but it still triggerd stop loss.
amusleh
06 Jun 2022, 08:16
Hi,
You should post this on that cBot comments section, and the developer can help you.
@amusleh