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Attachments: Ea for take profit and stop movement based off risk(stop loss)
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Ea for take profit and stop movement based off risk(stop loss)

  • Post #1
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  • First Post: Edited at 10:46am Jan 7, 2016 10:06am | Edited at 10:46am
  •  abikambic
  • | Joined Jan 2008 | Status: Member | 68 Posts
I am looking for a EA that would close trades and move stops based off of percentages of my Risk(Stop Loss Pips). Meaning my stop loss in pips would vary from trade to trade, not a fixed amount, and the setting in the EA would be for example sell 1/3 of my full position when 50% of my Risk is gotten and also move my stop 50% closer. Doing this 3 times so 3 separate selections in the EA would be needed for 3 take profits and 3 movings of my stop loss. The stop loss moving would coincide with the take profit gotten. Thanks.

I should have mentioned that the EA would have to figure my stop loss(Risk Amount) and Lot size without me putting it in the EA as a pre selection. I would just place the trade and than the EA would have to figure what the stop loss pips are and lot size. I would just input percentages in the EA for the partial closes and moving of stop loss so the EA would have to figure what the stop loss pips are (from entry to stop loss equals risk amount in pips) and the lot size for each individual trade.
  • Post #2
  • Quote
  • Jan 7, 2016 10:17am Jan 7, 2016 10:17am
  •  bob44
  • Joined Jan 2012 | Status: Member | 446 Posts
Forex_Trading_Troll_v2.ex4
Attached File
File Type: ex4 Forex_Trading_Troll_v2.ex4   21 KB | 1,323 downloads
 
 
  • Post #3
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  • Jan 7, 2016 11:44am Jan 7, 2016 11:44am
  •  bob44
  • Joined Jan 2012 | Status: Member | 446 Posts
You must not turn off your computer otherwise the EA trading troll wont function
 
 
  • Post #4
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  • Jan 7, 2016 4:14pm Jan 7, 2016 4:14pm
  •  abikambic
  • | Joined Jan 2008 | Status: Member | 68 Posts
Am I missing something? I looked at the EA and the video and it mentioned having to manually set in the EA the lot size of each trade/ divided by 1/3rds in my case. I edited my original post to explain in detail better what I am looking for. Your input appreciated greatly!
 
 
  • Post #5
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  • Jan 7, 2016 4:54pm Jan 7, 2016 4:54pm
  •  bob44
  • Joined Jan 2012 | Status: Member | 446 Posts
This is for .5 USD .28 .12 .1 three takeprofit settings

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  • Post #6
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  • Jan 7, 2016 5:05pm Jan 7, 2016 5:05pm
  •  bob44
  • Joined Jan 2012 | Status: Member | 446 Posts
Inserted Video
 
 
  • Post #7
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  • Jan 7, 2016 5:11pm Jan 7, 2016 5:11pm
  •  bob44
  • Joined Jan 2012 | Status: Member | 446 Posts
Inserted Video
 
 
  • Post #8
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  • Jan 7, 2016 5:19pm Jan 7, 2016 5:19pm
  •  bob44
  • Joined Jan 2012 | Status: Member | 446 Posts
I use 60% for first TP and depending on whether 2 or 3 partial profits eg trade 1 1st TP 60% = .6 2nd TP 40%= .4


Inserted Video
 
 
  • Post #9
  • Quote
  • Jan 7, 2016 6:16pm Jan 7, 2016 6:16pm
  •  abikambic
  • | Joined Jan 2008 | Status: Member | 68 Posts
The guy on the video said that whatever the total trade lot is for a particular trade must be broken into 3 parts, each part lot size manually put into the EA. Every trade, the lot size for the full position on each trade will vary based on the risk size(stop loss pips) for each trade which means I will have to put in manually the 3 separate lot sizes in the EA for each trade.

I was actually looking to put just percentages not lot sizes into the EA for each trade that way I do not have to set up the EA for each trade. Your input appreciated. Meaning if my lot size is 12000 units for a trade, percentages would already be in the EA ex. 33% 33% 33% not 3 lot sizes in the EA. Thanks!
 
 
  • Post #10
  • Quote
  • Jan 7, 2016 6:26pm Jan 7, 2016 6:26pm
  •  SmoothTrader
  • Joined Oct 2008 | Status: Perpetual Student of the Charts | 947 Posts
Check out this: http://www.forexfactory.com/showthread.php?t=89371 and then follow the link at the top to the Multipurpose Trade Manager (MPTM). This is should meet your needs. It's very well documented and very versatile.

GREEN pips to you on your trading journey
 
 
  • Post #11
  • Quote
  • Feb 1, 2016 9:25pm Feb 1, 2016 9:25pm
  •  Dane
  • | Joined Apr 2011 | Status: Member | 272 Posts
Hi Guys, anyone got any ideas on a script or EA that auto enters SL and TP with break even on MT4?

Cheers
 
 
  • Post #12
  • Quote
  • Apr 10, 2016 4:07pm Apr 10, 2016 4:07pm
  •  bob44
  • Joined Jan 2012 | Status: Member | 446 Posts
This is the Ea I use It gives 3 TP places and 3 SL ajustments . Do not turn the comp off as the EA will not work
Attached File
File Type: ex4 Forex_Trading_Troll_v2.ex4   21 KB | 760 downloads
 
 
  • Post #13
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  • Apr 10, 2016 5:37pm Apr 10, 2016 5:37pm
  •  bob44
  • Joined Jan 2012 | Status: Member | 446 Posts
Attached Image
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  • Post #14
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  • Last Post: Mar 12, 2021 2:34pm Mar 12, 2021 2:34pm
  •  Gerson
  • | Joined Apr 2013 | Status: Member | 10 Posts
This indicator is not working for me, could someone help me?
 
 
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