tsd_v1.1_mt3_osma_force_mm_v1.

the following are comments taken from the beginning of the expert mql:

this expert uses the original logic from bob o'brians tsd v1.1. weekly direction
is determined by osma and daily
direction is determined by force. follow bob's instruction documents for the
installation and use of this expert.

changes to original expert

1) mm section was replaced with position sizing section that calculates lot
sizing based on the
percentage of account balance user wishes to risk on each trade. the risk is
defined as the distance
from entry to stoploss in pips multiplied by the pip value. the user sets
the percentage on the setup window
with defines: trade_risk. this version rounds up lot size, change to suit
your preferences. example: if account
balance is $50,000 and you wish to risk 1% per trade and the stoploss is 100
pips then (assuming pip value of $10.00)
lots = (50,000*0.01)/(100*10) = 0.5 lots. valid lot sizes are 0.1 to 50 in
0.1 lot increments. this works with live
and demo accounts on fxdd, other brokers may be different.

2) modify order section was replaced by delete and reset order to obtain proper
position sizing with the
changed entry and stoploss values. as the distance between entry and
stoploss can change by a large amount when
a pending stop order is modified, you can end up with a position size either
much larger or much smaller than
you desire. instead of modifyorder, deleteorder is used and a flag is set to
allow the expert to recalculate
the correct position size and reset the pending stop order with the new
parameters

3) testing added to help ensure opening & closing of orders is performed. this
simply sets a flag and gets a timestamp
when attempting an order operation. it allows the expert to wait up to three
10 second intervals if needed to ensure
that the flagged operation was a success. if the operation was not
successful an alert will appear and the expert will resubmit the order
operation. although very simple, this has saved & earned a lot of money over the
past year when an expert either did not submit the operation to the server
or the server did not respond.
to disable the screen alert, change defines: screen_alerts(1) to (0)

4) a simple weekly & daily direction comment was added

5) collision avoidance was changed to trade 9 pairs. replace with the original
collision code
if you wish to trade only 4 pairs

6) spread was added to entry price. order entry is + spread + 1 of high or -

spread -1 of low. change to suit
your preferences.

7) print statements were added to check operation. these extra print statements
can be commented
out to keep the journal cleaner.

please report any improvements, fixes, etc to

metatrader_experts_and_indicators@yahoogroups.com

fxflash52