Howdy everybody, Andy right here.
For the reason that launch of the Boring Pips EA, essentially the most vital problem I’ve confronted has been incomes the belief of customers, reasonably than simply making certain constant efficiency.
After thorough testing and beneficial suggestions from our present customers, I’m excited to announce that the time has come to launch an up to date model. Boring Pips EA model 4.3 consists of the next enhancements:
1. The EA now not makes use of medium-reliability entry indicators within the default settings. Whereas these indicators elevated buying and selling frequency, they weren’t as dependable as anticipated and contributed to the Drawdown in June 2024. Customers can nonetheless entry these indicators by deciding on ‘Personalised setting’; see the conversion desk from model 4.x to 4.3 on the finish of this text.
2. A brand new “Threat Administration” function has been added, permitting customers to set Drawdown ranges as a share of their steadiness as an alternative of in base forex, triggering Shut/Cease actions accordingly.
Customers should first select a technique in ‘Drawdown Calculation’, then enter the worth within the ‘When getting this DD stage’ part:
– For percentage-based calculations, 100 signifies 100% of the account steadiness.
– For calculations in base forex (USD), 100 represents 100 USD.
3. The lot enhance coefficient has been barely lowered, leading to a much less aggressive quantity enhance.
For customers in Boring mode and Low threat mode, there might be no impression. Medium threat will see a 25% discount in buying and selling frequency, whereas Excessive threat will lower by 33% in comparison with earlier variations, making certain that solely essentially the most dependable indicators are used.
When you want to keep the identical buying and selling frequency with Medium and Excessive threat, allow ‘Personalised Buying and selling Fashion’ and choose ‘Increased’ for ‘Buying and selling Frequency.’ Please seek advice from the conversion desk.
Excessive-risk settings like Excessive threat mode + Increased Frequency or Medium threat mode + Increased Frequency are now not supported in model 4.3, so please take into account this earlier than upgrading. Alternatively, you may enhance the ‘Base steadiness’ from 120-150 to permit the EA to commerce at 1.2 – 1.5 occasions the usual quantity, which is able to enhance each revenue and threat. This strategy can improve efficiency with out counting on medium-quality entry indicators.
As at all times, in case you have any questions please be at liberty to drop me a message and I’ll get again to you as quickly as attainable.
Thanks and greatest regards, Andy.