Bill sent out an upgrade of Bandit II which I have deployed this morning. I manually removed the old EA from the 5 suggested charts and added the new version. From his notes:

Since sending out the recent revision to FxBandit (FxBandit II), I have received feedback from several users. This feedback together with analysis of my forward testing results thus far on the demo account I provided you the login info for, it has been determined that, due to the Close_Trade_Hr condition, some of the trades that have been closed out for loss have been larger than necessary.

Therefore I have removed the Close_Trade_Hr condition from the ESTOP Mode in determining when to close a losing trade.

To clarify the ESTOP Mode function: If the ESTOP_Factor is set at 0.05 and the account balance is $10,000.00, an open trade will be closed out when the floating loss on the trade reaches a value of (0.05)(10,000), or $500.00. This will allow you to set a specific loss in terms of dollars instead of pips. Keep in mind that if you are trading larger lot sizes, the ESTOP Factor will close out a trade quicker than if trading smaller lot size. The ESTOP_Factor should be coordinated together with the number of lots being traded per currency pair.

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