need help on SL management EA for position trading & pyramid | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Help with position management EA 0 replies

Do I need a script or an EA here? Pyramid/Snowballing/Scaling In 7 replies

Need tips on Position Size Management 4 replies

Position management help 4 replies

Money Management - Pyramid with breakeven 0 replies

Attachments: need help on SL management EA for position trading & pyramid
Exit Attachments

need help on SL management EA for position trading & pyramid

  • #1
  • First Post: Edited Nov 4, 2009 7:06pm Oct 29, 2009 5:51am | Edited Nov 4, 2009 7:06pm
Ok.. tried making one myself. This thing didn't work. What went wrong?

Inserted Code
   
int start()
  {
//----
   double sell_SL=10 ,buy_SL=0;
   int countopenorder=0;
   for(int i=0;i<OrdersTotal();i++) {
      if(OrderSelect(i,SELECT_BY_POS,MODE_TRADES)) {
         if(OrderType()==OP_BUY && OrderSymbol()==Symbol()) {  // manage only opened buy order in a single pair?
            countopenorder++;
            buy_SL=NormalizeDouble(buy_SL,Digits);
            if(OrderStopLoss()> buy_SL) {
               buy_SL = OrderStopLoss();
               OrderModify(OrderTicket(),OrderOpenPrice(),buy_SL,OrderTakeProfit(),0,CLR_NONE);
            }
         } else if(OrderType()==OP_SELL && OrderSymbol()==Symbol()) { // manage only opened sell order in a single pair?
            countopenorder++;
            sell_SL=NormalizeDouble(sell_SL,Digits);
            if(OrderStopLoss()<sell_SL) {
               sell_SL = OrderStopLoss();
               OrderModify(OrderTicket(),OrderOpenPrice(),sell_SL,OrderTakeProfit(),0,CLR_NONE);
            }
         } else if (countopenorder == 0) { // if no open orders, reset buy & sell SL
            buy_SL = 0;
            sell_SL = 10;
         }
         Comment("check buy_SL :", buy_SL, "check sell_SL: ", sell_SL);
      }
   }   
//----
   return(0);
  }
  • #2
  • Nov 3, 2009 5:11pm Nov 3, 2009 5:11pm
uhm.. the logic its pretty simple I suppose, but I can't make it from scratch someone please help?

Get all open order stoploss on a single symbol (or chart)

if ordertype op_sell then get minimum stoploss value ; modify all op_sell order stoploss to that minimum value

if ordertype op_buy then get maximum stoploss value ; modify all op_buy order stoploss to that maximum value.

ea should ignore all pending order & all other pairs open order.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1_3 50pips block.gif Size: 15 KB
Click to Enlarge Name: stopman.PNG Size: 14 KB
  • #3
  • Nov 4, 2009 7:37pm Nov 4, 2009 7:37pm
Hmm.. manage to make it work once, but it went idle after that. Stoploss variable is changed btw as I see in chart comment, but EA doesn't modifying open trades even if there's a new higher/lower stoploss.

Inserted Code
extern  double sell_SL=10 ,buy_SL=0;
int start()
  {
//----

   int countopenorder=0;
   for(int i=0;i<OrdersTotal();i++) {
      if(OrderSelect(i,SELECT_BY_POS,MODE_TRADES)) {
         if(OrderType()==OP_BUY && OrderSymbol()==Symbol()) {  // manage only opened buy order in a single pair?
            countopenorder++;
            buy_SL=NormalizeDouble(buy_SL,Digits);
            if(OrderStopLoss()> buy_SL) {
               buy_SL = OrderStopLoss();
            }
            OrderModify(OrderTicket(),OrderOpenPrice(),buy_SL,OrderTakeProfit(),0,CLR_NONE);
         } else if(OrderType()==OP_SELL && OrderSymbol()==Symbol()) { // manage only opened sell order in a single pair?
            countopenorder++;
            sell_SL=NormalizeDouble(sell_SL,Digits);
            if(OrderStopLoss()<sell_SL) {
               sell_SL = OrderStopLoss();
            }
            OrderModify(OrderTicket(),OrderOpenPrice(),sell_SL,OrderTakeProfit(),0,CLR_NONE);
         } else if (countopenorder == 0) { // if no open orders, reset buy & sell SL
            buy_SL = 0;
            sell_SL = 10;
         }
         Comment("check buy_SL :", buy_SL, "check sell_SL: ", sell_SL);
      }
   }   
//----
   return(0);
  }
  • #4
  • Last Post: Nov 5, 2009 3:05am Nov 5, 2009 3:05am
last post. I hope twoblink see this. I'm using fib fan for visualization.
876 pips if exit at line 12 without pyramid.
4956 pips if exit at line 12 with avg up pyramid with constant size addition.
1440 pips if I let SL hit (using 38.2 line)

conclusion is:
- The Y lot can be equal to X lot if we use 50% lines as BE point. If using any lines between 50% - 100 %, Y have to be < X.
- Can use any line value between 0 - 50 for SL with a few locked profit which always grow at any addition level.
- Retracement value that makes all position exit is equal at any point.
- on a lucky event when using S/R entry that somehow become a significant high/low of a swing and never retrace 50% from that initial position. It will be a maximized profit that only limited by account max leverage.
Attached Image (click to enlarge)
Click to Enlarge Name: reverse pyramid2.gif Size: 34 KB
0 traders viewing now