Now, let's talk about Smart Bucket. This is getting interesting
The idea is to compound in the piggy bank, the losses you suffer for the past trades, and then add it up to the next trade's target profit. This means if the previous/current trade is in the loss for $5 and closed due to a condition in the configuration, the losses will be added into the bucket. More loss for another $5, add again into the bucket which in total would be $10. If your target profit is $20, then for the next session/cycle, your target profit would be $30 ($20 from target profit, and $10 from the bucket).
Practically saying, your previous losing trades will be "zero"-ed once the target is reached.
There are 2 types of Smart Bucket: Normal Smart Bucket, and Martingale Smart Bucket (this one is experimental).
So, these Smart Bucket essentially is only for mitigating the loss suffered. In a quick short word, take the loss now, convert into no loss on the next trade. If they still got the loss, accumulate again the loss and convert into no loss on the next trade, so on so forth.
Imagine the picture above (no 5). If the price moves and executes both 1st and 2nd order into positions, when the price move past the center (A), it will close the 0.02 position with loss and put the loss amount (in non-negative) into the bucket. And this bucket will be considered into the profit taking too (as described above).
If price goes up till (B), it will not close the cycle and continue. Because essentially, it's not reached the needed take profit as there's addition from the bucket. But say if price goes to (C) with considering the bucket, it will close the cycle. At this point, the previous loss trade "converted" into no-loss or $0 trade.
The idea is to compound in the piggy bank, the losses you suffer for the past trades, and then add it up to the next trade's target profit. This means if the previous/current trade is in the loss for $5 and closed due to a condition in the configuration, the losses will be added into the bucket. More loss for another $5, add again into the bucket which in total would be $10. If your target profit is $20, then for the next session/cycle, your target profit would be $30 ($20 from target profit, and $10 from the bucket).
Practically saying, your previous losing trades will be "zero"-ed once the target is reached.
There are 2 types of Smart Bucket: Normal Smart Bucket, and Martingale Smart Bucket (this one is experimental).
So, these Smart Bucket essentially is only for mitigating the loss suffered. In a quick short word, take the loss now, convert into no loss on the next trade. If they still got the loss, accumulate again the loss and convert into no loss on the next trade, so on so forth.
Imagine the picture above (no 5). If the price moves and executes both 1st and 2nd order into positions, when the price move past the center (A), it will close the 0.02 position with loss and put the loss amount (in non-negative) into the bucket. And this bucket will be considered into the profit taking too (as described above).
If price goes up till (B), it will not close the cycle and continue. Because essentially, it's not reached the needed take profit as there's addition from the bucket. But say if price goes to (C) with considering the bucket, it will close the cycle. At this point, the previous loss trade "converted" into no-loss or $0 trade.
If you ask me to code/fix your EA... it's probably not for free...