Session Risk Percentage EA
The Session Risk Management EA is built on a technique that was described by James Breen in Stock&Commodities magazine. The main aspect of EA is a calculation of daily total losses and preventing from further trading in the current session. Entry percentage rule is based on a crossing MA enveloped upper line and one of exit rules is based on a crossing of another MA enveloped lower line. For restricting of the unwanted risk the EA holds basic SL/TP conditions.
Good Luck!
Files
01.06.2017
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Discussion
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olivier.chabrolles 02.06.2017
Quit interested by this technique.
Can you be more specific on how to find this article from James Breen?
Regards,
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Kolomiets Nazar 02.06.2017
Hi, Olivier!
Sure, You are free to find it and others techniques in Stock&Commodities magazine http://technical.traders.com.
The given one was taken from article “Does Fully Automated Trading Software Work?” by James Breen (November 2016 edition). But notice, it's not an exactly interpretation of presented one because the author wrote his article for the opposite case - he wanted to reveal issues in Wealth-Lab with this EA. So, after reading I found great opportunity to make own interpretation which will manage trading by the session's total loss.
Best Regards!
