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Attachments: PipBoxer_SE Safely Exit an Open Trade
Exit Attachments

PipBoxer_SE Safely Exit an Open Trade

  • Post #1
  • Quote
  • First Post: Edited Jul 30, 2007 8:59am Jan 24, 2007 7:11pm | Edited Jul 30, 2007 8:59am
Hi everybody,

I have developed an EA based on PipBoxer technology. It helps you to exit your trades with a sophisticated strategy.

Please read the attached guideline before using the EA. Please also cosider the following issues:

  1. Do not use this tool for scalping and exiting trades with SL and TP levels less than 15 pips.
  2. PipBoxer_SE is not a complete trading package. You need to open the trade yourself. It just helps you exit the trades in a better way.
  3. PipBoxer_SE is a freeware. Feel free to distribute and send it to your friends. However, it’s under my copyright. You are not permitted to sell this program or use reverse engineering techniques to extract the code.
  4. PipBoxer_SE is written for MetaTrader 4 build 201. It might not work properly on other releases of the MT4.
  5. You are using this tool at your own discretion. I shall not held responsible for your losses due to the usage of this tool. I recommend forward testing it several times to make sure this is the solution you are looking for.

Note: This is not a free EA anymore. (July 30, 2007). For more information about this EA please contact me via PM and/or email. Thanks.

Attached File(s)
File Type: pdf PipBoxer_SE_DRAFT_Jan_23.pdf   304 KB | 2,063 downloads
Please let me know what you think about this program. I'm working on another program for managing several trades for exit purposes.

Your feedback helps me to make it a better product. The other program will be a freeware just like PipBoxer_SE.
Another great job. Thanks Buddy
Making pips is easy, holding 'em is hard - Pipsopolis
Quoting sahamdarjoz
Another great job. Thanks Buddy
Thanks for your support. Good Luck my fellow Canadian.
will start forward testing next week
this is great learning for me, tnx Al
He who can does-He who cannot teaches George Bernard Shaw
Quoting trendlinesense
will start forward testing next week
this is great learning for me, tnx Al
Good Luck with it. You can simply enter a trade on demo account and set the SL and TP then let enter the trades ticket number in the Properties box and see how it manages the trade. Suroprisingly you might even end up making money by just entering random trades (but do not try it on a live account ).
Aftr ticket was closed probably manually, pipboxer still tries to modify it resulting in expert tab messages

2007.01.25 14:47:29 PipBoxer_SE GBPUSD,M5: unknown ticket 7184589 for OrderModify function

journal message
2007.01.25 11:36:36 '335230': modification of order #7182797 sell 1.00 AUDUSD at 0.7781 sl: 0.7781 tp: 0.7765 -> sl: 0.7780 tp: 0.7765 failed [Invalid S/L or T/P]
Quoting irusoh
Aftr ticket was closed probably manually, pipboxer still tries to modify it resulting in expert tab messages

2007.01.25 14:47:29 PipBoxer_SE GBPUSD,M5: unknown ticket 7184589 for OrderModify function

journal message
2007.01.25 11:36:36 '335230': modification of order #7182797 sell 1.00 AUDUSD at 0.7781 sl: 0.7781 tp: 0.7765 -> sl: 0.7780 tp: 0.7765 failed [Invalid S/L or T/P]
Thanks for your feedback. I'll look into it and will fix it ASAP.
Quoting irusoh
Aftr ticket was closed probably manually, pipboxer still tries to modify it resulting in expert tab messages

2007.01.25 14:47:29 PipBoxer_SE GBPUSD,M5: unknown ticket 7184589 for OrderModify function

journal message
2007.01.25 11:36:36 '335230': modification of order #7182797 sell 1.00 AUDUSD at 0.7781 sl: 0.7781 tp: 0.7765 -> sl: 0.7780 tp: 0.7765 failed [Invalid S/L or T/P]
I think I fixed the problem. Please download it from the first post and let me know if there are other problems including this one in place.

Thanks,
Al
Still tries to modify non-existent trades:

2007.01.26 10:17:12 PipBoxer_SE GBPUSD,M15: unknown ticket 7210202 for OrderModify function

Trade is closed when OrderCloseTime()!=0
or
OrderSelect(ticket,SELECT_BY_TICKET,MODE_TRADES)=false;
Quoting irusoh
Still tries to modify non-existent trades:

2007.01.26 10:17:12 PipBoxer_SE GBPUSD,M15: unknown ticket 7210202 for OrderModify function

Trade is closed when OrderCloseTime()!=0
or
OrderSelect(ticket,SELECT_BY_TICKET,MODE_TRADES)=false;
I tried it several times and it didn't send that message again. Maybe I've uploaded the wrong file. I'll upload it once more when I get back home. Sorry about that.
I don't know how you do it

I would version files and give them different names i.e.
pipboxer_se_v100, pipboxer_se_v101, etc.
Otherwise I can't tell myself which version I am runnning, except for a time stamp on the file.
Quoting irusoh
I don't know how you do it

I would version files and give them different names i.e.
pipboxer_se_v100, pipboxer_se_v101, etc.
Otherwise I can't tell myself which version I am runnning, except for a time stamp on the file.
It's a good idea. I'll use a similar coding system. Thanks.
Hello Alparsi,

I would first like to commend your on the great work you are doing here. but can I make a simple request. I would love to try to incorporate this exit strategy on an EA I'm trying to develop that also uses breakout but on a daily timeframe. I promise you i will not sell your code or anything. To prove my sincerity I attached below the EA I am referring to, ZEN trader, it mostly uses ATR for SL and it tries to calculate the average daily bull and bear breakout range within the given period to set its TP level.

It is still a work in progress but sometime it is able to pick the exact tops of breakouts for its TP which I think is worth something. but sometimes it doest and your EA would definitely help it during those times.

So if you don't mind would you so kind as to share your code If you don't I also completely understand and respect your decision.

Regards,
Mikhail

PS. Zen trader is still a work in progress so the code is very sketchy when you take a look at it
Attached File(s)
File Type: mq4 Zen Trader - EA - V3.mq4   29 KB | 524 downloads
Quoting mikhaildgreat
Hello Alparsi,

I would first like to commend your on the great work you are doing here. but can I make a simple request. I would love to try to incorporate this exit strategy on an EA I'm trying to develop that also uses breakout but on a daily timeframe. I promise you i will not sell your code or anything. To prove my sincerity I attached below the EA I am referring to, ZEN trader, it mostly uses ATR for SL and it tries to calculate the average daily bull and bear breakout range within the given period to set its TP level.

It is still a work in progress but sometime it is able to pick the exact tops of breakouts for its TP which I think is worth something. but sometimes it doest and your EA would definitely help it during those times.

So if you don't mind would you so kind as to share your code If you don't I also completely understand and respect your decision.

Regards,
Mikhail

PS. Zen trader is still a work in progress so the code is very sketchy when you take a look at it
Hi mikhaildgreat,

It's really hard to say no to a friend but unfortunately at this moment I can't share my source code with anybody. I won't make an exception. I might do that in the future but not now.

Sorry my friend,
Al
  • Post #16
  • Quote
  • Edited 10:53am Jan 27, 2007 10:47am | Edited 10:53am
Quoting aparsai
Hi everybody,

I have developed an EA based on PipBoxer technology. It helps you to exit your trades with a sophisticated strategy.

Please read the attached guideline before using the EA. Please also cosider the following issues:

  1. Do not use this tool for scalping and exiting trades with SL and TP levels less than 15 pips.
  2. PipBoxer_SE is not a complete trading package. You need to open the trade yourself. It just helps you exit the trades in a better way.
  3. PipBoxer_SE is a freeware. Feel free to distribute and send it to your friends. However, it’s under my copyright. You are not permitted to sell this program or use reverse engineering techniques to extract the code.
  4. PipBoxer_SE is written for MetaTrader 4 build 201. It might not work properly on other releases of the MT4.
  5. You are using this tool at your own discretion. I shall not held responsible for your losses due to the usage of this tool. I recommend forward testing it several times to make sure this is the solution you are looking for.

Note: I updated the EA on Jan 26, 2007. Please download the new version if you have downloaded the file prior to this date.

Hi there,
Please excuse my ignorance. I would like to include you programe in my trading but I do not know what to do with an ex4. file.
Help!
Quoting springer
Hi there,
Please excuse my ignorance. I would like to include you programe in my trading but I do not know what to do with an ex4. file.
Help!
Honestly I don't know the answer to your question.
Quoting aparsai
Hi mikhaildgreat,

It's really hard to say no to a friend but unfortunately at this moment I can't share my source code with anybody. I won't make an exception. I might do that in the future but not now.

Sorry my friend,
Al
Al, you should release your trade stops management code as a library (ex4), then anybody could use it for their own EAs. As well as Money management scheme (VAR).
I completely understand. But still thanks for the great exit strategies.

Regards,
Mikhail
Quoting aparsai
Hi mikhaildgreat,

It's really hard to say no to a friend but unfortunately at this moment I can't share my source code with anybody. I won't make an exception. I might do that in the future but not now.

Sorry my friend,
Al
Quoting springer
Hi there,
Please excuse my ignorance. I would like to include you programe in my trading but I do not know what to do with an ex4. file.
Help!
An .ex4 file is the same as a .mq4 file but compiled.
If an EA, like in this case, just copy it inside the Metatrader "experts" folder, open the platform, and use it as any other Expert Advisor.

(If an indicator, it would have to be copied to the "experts/indicators" folder).

.
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