Aieden Pivot Trendline TSL/TP Bug

MrNJW

Dear Sirs,

I recently bought the Aieden Pivot Trendline Breakout stratgey bot and have been testing it for a bit today. And I noticed the following problem; when I set both the SL and TP paramters to ATR it places the SL and TP orders as it should do. But when I set either SL or TP to FIXED it does not place that order.

Is this a known problem or am I doing something wrong?

I'm looking forward to hearing from you.

Kind regards,

Nanno

60-pivot-trendline-breakout-audjpy-h2.cbotset

896B

Sophia

I see you have a stop loss of zero, either turn this feature off if you do not need it or enter a value above zero.,

A quick look at the cBot log should also provide more information.

MrNJW

Hello Sophia,

I first had SL fixed at 999 but that did not work either.

I've tried all combinations;

SL=ATR, TP=ATR
SL=FIXED, TP=ATR
SL=ATR, TP=FIXED
SL=FIXED, TP=FIXED

When FIXED is used for SL or TP it does not work.

MrNJW

Here's a screenshot of a trial where both SL and TP were set to ATR and the bot executed those orders perfectly.

Sophia

Thank you, I have contacted the vendor to investigate.

MrNJW

Good morning Sophia, thank you.

Mike

I have just published an update from the vendor, v1.1.0.

You can download the update from your account downloads.

MrNJW

Hello Mike,

Thank you very much!

I've downloaded the updated version and ran a few tests. The good news is that in any FIXED/ATR combination the bot places the SL/TP orders. But .... it always closes the positions on reversal of the breakout signal as if it overrides the 'Use Stop Loss' / 'Use Take Profit' parameters.

PanagiotisAieden

Hi MrNJW,

This is by design. The use of SL and TP does not disable closing on reversal.

Regards,
Panagiotis

MrNJW

Hello Panagiotis,

Thank you for your quick response.

That's not how it's 'advertised' on the Clickalgo website where it states;

Use Take Profit
You can select between No (no take profit, exit is defined by breakout reversal), and yes (take profit deployed)

I assumed that it was either a close on a reversal or when SL/TP would be hit. It seems to me that the 'Use Stop Loss' and 'Use Take Profit' parameters are of little use when you can get stopped out every time a reversal signal arises.

Would it be possible (and plausible) to change the design and make it either one of these options (like in other Aieden/ClickAlgo products); i.e. close position on reversal or use SL/TP and ignore reversal signals?

PanagiotisAieden

Hi MrNJW,

"I assumed that it was either a close on a reversal or when SL/TP would be hit"

Well you assumed right. When SL/TP is set then the exit is either a reversal or SL/TP. It does not state anywhere that breakout reversal is disabled at any point.

We do not plan any changes to the strategy at the moment, we can consider it for the next iteration. We will update the description to make this case more explicit.

Regards,
Panagiotis

MrNJW

Hello Panagiotis,

Thank you for clarifying this issue,

I wouldn't mind a change in the strategy regarding this issue, and maybe in the future you could also add 'Instance name' (which I use all the time) and some other risk management options like TSL, Stop at Balance/Equity balance et cetera.

Kind regards,

Nanno