You are in a maze of twisty little passages, all alike.
- Joined Oct 2005 | Status: Pip Slappa Extrordinaire | 1,012 Posts
You are in a maze of twisty little passages, all alike.
Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 180 replies
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The7 Trading Method Signals Thread 136 replies
DislikedThis is the actual EA, not just a trade manager(attached, herewith).Ignored
DislikedWhat I am trying to have the MPTM do is close half position at , say 30 pips, but leave the other half at the
original stop loss and move incrementally at certain target levels.
Is that even possible?Ignored
DislikedSo does this take the trades automatically or just manage them for you?Ignored
DislikedYes, it is possible. Do the following:
Remember first that MPTM's all parameters are set to false as downloaded, per Steve.
Manage all trades = true
Jumping stop = true
Jumping stop pips = 30
Part close enabled = true
Close lot = 1.0
Preserve lot = 1.0
This is if total lot is 2.0. If total lot is 0.02 then input 0.01 and 0.01 respectively.
With this setting, half of your lot is closed with 30 pips profit, stoploss is moved to zero (breakeven) and the preserved lot will be held until PA turns back to the jumping stop increments and closed....Ignored
DislikedMy original demo did really well, but I had to eliminate it when I performed disc cleanup duty. This is my second demo, with all trades executed with Hopwood's EA, with BreakEvenTargetPips at 20, and HalfCloseEnabled = True.Ignored
DislikedChicagoRob,
For the sake of practicality, would you please share with us the settings of the EA. How? Easy, pull up the settings screen, then click "Save" on the right. Then attach that file to your post.
Thanks in advance.Ignored
DislikedI've attached many set files in my day. I'll post the file tonight.
RobIgnored
DislikedHi ChicagoRob
What do you mean by "change ex4 extension to set"?
Thanks anyway so much.Ignored
DislikedSure, I took three trades this week. I am using my parameters of only trading with the trend unless the signal candle is a hammer or engulfing. I am also testing three exits. #1. Close trade on close of day with candle ending above/below opposite EMA. For example, you go short when a down candle pierces upper EMA and then close the trade the following day when the candle closes below the lower EMA. #2. Set a take profit for the opposite EMA so that whenever the price hits that target you will exit the trade. #3. Follow the7's rule of waiting for...Ignored