I am having a problem that is happening often lately with open trades. Once a trade that has been in negative territory for a while, say over an hour, and starts recuperating its losses, fapturbo will still close the trade at a loss. For ex. A trade could be -$18 then -$12, then -$6 and fapturbo will close it. I don’t understand why it doesn’t wait until it has recovered all losses or even keep the trade open to make a profit. I have my sl set at 40. I haven’t found a way to keep a recovering trade open. Is there any setting to adjust?

hi albacino -
this is by design - for your protection. FT likes better to close at a small loss than hit the stoploss.
If you want it to ride the trade until either hits stoploss or profit target, you should set the value scalper_usecustomlevels to false.

hope this is what you wanted.

just a word of caution: its better to hit a small loss than stoploss, but if you have confidence that the trade will come back, you can use the non-default setting as described above

Hansen

Thanks for your answer but isn't what you're saying the same as setting a lower stop loss value? If a position goes negative 30 pips and then it recovers and fapturbo closes at say, negative 10 pips, that would be the same as if I had a sl setting of 10 pips in the first place. By setting the sl at 10 you don't run the chance of going to -50 at all. The result is the same.
By setting a stop loss value that low though it’s a guarantee that most positions will close at a loss. For now I’ll just change the setting like you suggested. Thanks.

It is not the same;-)
The close out that is performed by custom levels is more dynamic - not a set value like a traditional stoploss is. Often the close will happen at ?/- 0 profit - thus causing you no loss.
Also, the stoploss of say for example 68 pips in any pair is if everything goes against the trade. This should not happen very often, whereas a 10 pip move away from the order - in the opposite direction of the TP level can and does happen quite frequently (I am not sure why this is guess that some of FT's internal indicators just have this characteristic) - but almost always the trade comes back anyway and you get to close the trade at TP).

You should generally not very often have trades close at small losses compared to the ones closed at at least a small profit or at TP - Maybe it's time to switch broker if this is not what you're seeing. (I am investigating Tadawulfx myself at the moment - a hearsay let me know they are supposed to have fixed spread 3 on both EURGBP and EURCHF)

Hope this explains better.

I did change the filter to false and last night a negative trade came back from the dead and made me some money. If I hadn't changed it, it would've closed at 0 loss/profit or even at a loss. However, from what I’ve seen, the longer the trade is open and losing money, fapturbo will be using higher “dynamic” stop losses, i.e. closing them at higher “small” losses. I don’t know why lately fapturbo has been opening more and more trades that stay open for quite a while. I’ve seen it perform best at quick retraces but it could be due to the lack of volatility at times forcing the trades to stay open. My feeling is that if the market doesn’t perform as Fapturbo intended within three 15-minute periods, the trade is in God’s hands.
Since you mentioned Tadawulfx, that is the broker I’ve always used since the beginning of my trading in January. With this broker, I’ve always had 3 fixed on gbp and chf which are the only two I trade.

I saw your answer to this issue.

I have been having the SAME issue, and I tried to change this value but couldn't find it. It is not in the help file of my Metatrader either.

Can you point me in the right direction at all?

THANKS

Holy Moly Jerra,
I had not seen your question and frankly it's been a while since I was here last time.
I hope you got it solved by now. If not, This is how you find the setting - I am attaching a screenshot so its easy to find for you:
customlevels.jpg

Hope you find it

Hansen

NOW I am VERY worried!!

My EA does NOT have anything that says scalper settings!!

Can you tell me where i get these from? How I change them?

THANKS,

Jerra