Urgent need for a stop- and limit-orders gEA | Forex Factory

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Urgent need for a stop- and limit-orders gEA

  • #1
  • First Post: Edited 6:01am Jun 11, 2020 5:08am | Edited 6:01am
Hello
I'm finally granted access to this amazing community so I am able to post a new thred. I am sure that I can find the help I need from you since I have noticed by reading tons of other threds where you was so helpful with newbies like me.
Well, I am searching for a simple grid Ea with simple functions. I know many other grid eas out there with more complicity but funny enough they do not have what I am seeking.
I need an Ea that open either stop- or and limit-orders by user defined price steps. A take profit and stop loss and thats it.
The most important in it should be that it reopen the trade if it get closed by the user or the tp or sl when the price get back to the same place when it originally was opened.
Also it have to move the trade beginning. Means If it open buy and sell GBPUSD (For example) at 1.27500 with 10 pips steps for each trade, so if the price move towards 1.28500 and the sell trades hit tp, it should open sell again as soon as the price go down twards the sell.
The EA should not calculate the tp or sl for the whole ticket. Just for every single trade.
So with other words the main idea of it just to keep open trades and manage tp and sl for them sepretly.
Its parrameters could look like the following:
Magic number
Grid steps
Tp
Sl
limit orders: false/true
stop orders: false/true
And if can hide the trades and the sl and tp it will be more wonderful.
Ok, I know I said at the beginning it is simple and now I am making it complicated but I mean with simple it should not use any indicaters or any kind of technical analysis. Just price movements.
I will really appreciate it if you could advice me or push me to the right dirrection to find such an EA.
Thanks in advance
  • #2
  • Jun 12, 2020 7:38am Jun 12, 2020 7:38am
So, I also forgot to mention that even if you know an Ea that just have one function, and that it is place any trade that got closed by the user or any other EA, it will solve my problem. Because I have many EAs that place stop orders. The only problem is that I like to set stoploss to every trade, so when one trade get closed I do not have a solution to reopen it again when the price move back to same point.
  • #3
  • Jun 25, 2020 9:39am Jun 25, 2020 9:39am
Ok, is this so dificult to find that no one have any input?
Or it is me that do not explain it clearly so you can understand what is it I talk about?
Or is this the wrong place of the Forum that I have created this thred in?
  • #4
  • Jul 10, 2020 11:17am Jul 10, 2020 11:17am
Hopefully someone have a useful input regarding this ?
  • #5
  • Jul 10, 2020 5:32pm Jul 10, 2020 5:32pm
try
breakout is Stop order
counter is Limit order
Attached File(s)
File Type: mq4 MakeGrid193.mq4   28 KB | 1,096 downloads
  • #6
  • Jul 11, 2020 3:41am Jul 11, 2020 3:41am
Breza Thanks for your input.
I have already this Ea and other variations of it. The problem I face with it that it does not re open the same trade when it hit sl, but continue adding trades from the point it reached.
So if you tell the EA that you will have it to open 50 trades for each side every 12 steps, then you will have a grid until 600 pips away. Let say you delete one of the trades in the grid, or that one of them hit sl, then the ea go and place a trade at 612 and so on.
I will have it to place the trade back so if the price pool back to the same place the same trade gets opened.

Also I have face the issue that this ea in particular (make-grid193) do not open buy trades whatever I have tryed. I hope if you can tell me why. I will really appreciate it.

My strategy is based on working the oppisit of traditional grid when you keep opening limit orders until you have positive then you close and start from the scratch. My idea is based on taking sl all the time untill I get a huge trend where all my losses get recovered and a small profit is made then close all and begin again.
So it depend on stop orders and that they have to be reopened all the time when the price go back to same place.

Lastly, thank you very much for your input.
  • #7
  • Jul 11, 2020 3:47am Jul 11, 2020 3:47am
Attached File(s)
File Type: mq4 MakeGrid v197.mq4   29 KB | 751 downloads
  • #8
  • Jul 11, 2020 3:49am Jul 11, 2020 3:49am
This and the last post's atachements are variations of the EA you provided me with, but I face with the first one that it does not open buy trades. And with both that the trade do not get reopened when it get closed.
Attached File(s)
File Type: mq4 204060 program_V0.02.mq4   39 KB | 676 downloads
  • #9
  • Edited 8:52am Jul 11, 2020 8:37am | Edited 8:52am
Quoting aalaarajy
Breza Thanks for your input. I have already this Ea and other variations of it. The problem I face with it that it does not re open the same trade when it hit sl, but continue adding trades from the point it reached. So if you tell the EA that you will have it to open 50 trades for each side every 12 steps, then you will have a grid until 600 pips away. Let say you delete one of the trades in the grid, or that one of them hit sl, then the ea go and place a trade at 612 and so on. I will have it to place the trade back so if the price pool back to...
can you further clarify this part?
any deleted or closed order, SL or TP, EA will reopen in the same place, pending order.

Quoting aalaarajy
Also I have face the issue that this ea in particular (make-grid193) do not open buy trades whatever I have tryed. I hope if you can tell me why. I will really appreciate it. My strategy is based on working the oppisit of traditional grid when you keep opening limit orders until you have positive then you close and start from the scratch. My idea is based on taking sl all the time untill I get a huge trend where all my losses get recovered and a small profit is made then close all and begin again. So it depend on stop orders and that they have to be reopened all the time when the price go back to same place. Lastly, thank you very much for your input.
EA opens and buy and sell orders without problems (limit and stop), I don't know why you fail.
now i have tested this one above and it works without any problems.
Did you set the filters to false?
  • #10
  • Jul 11, 2020 11:58am Jul 11, 2020 11:58am
[quote=Breza;13054434]{quote}
So, when I open a grid of buy stop and buy limits and also sell stop and sell limits. Let say gbpusd starting from price 1.24500 every 10 pips. Let say I have set the grid size to 100, so you have 50 trades for each type of pending orders. So this grid in both directions is 500 pips. So the last trade is at 1.29500 and from the other side is at 1.19500.
Now if any trade get deleted from this grid either by me or the sl, then the ea open another trade at 1.19500 and 1.29500. And that instead of placing it back to same place.
So I dont know whats wrong. Maybe some of the ea settings I can change, or???

And yes, I have set the filter of shutting down the ea to false. And this is another issue. It will never open buy. Only sell orders. I mean the variation "make-grid-193"
The other one open both sell and buy orders, but with the problem that I described above.

I hope if you know another EA that do the same as this but without this issue, you will point me into it.
Or if I have misunderstood something here you will correct me.
Also, if you know a little Ea that have only one function and that is to re open any trade that get closed. So I can use this ea to place my grid, and let it run using the other.

Thanks because you will help. I really appreciate it.
  • #11
  • Edited 2:53pm Jul 11, 2020 2:15pm | Edited 2:53pm
Quoting aalaarajy
So, when I open a grid of buy stop and buy limits and also sell stop and sell limits. Let say gbpusd starting from price 1.24500 every 10 pips. Let say I have set the grid size to 100, so you have 50 trades for each type of pending orders. So this grid in both directions is 500 pips. So the last trade is at 1.29500 and from the other side is at 1.19500. Now if any trade get deleted from this grid either by me or the sl, then the ea open another trade at 1.19500 and 1.29500. And that instead of placing it back to same

EA will open orders both up and down indefinitely.
If you want to set boundaries down and up, you must manually enter values in the longGridLow and longGridHigh fields and vice versa for sell.
Also, a deleted or closed order will be reopened (pending) only when the price reaches 2.3 orders from the deleted or closed one, not before.

Quoting aalaarajy
And yes, I have set the filter of shutting down the ea to false. And this is another issue. It will never open buy. Only sell orders. I mean the variation "make-grid-193"
I tested that and everything is ok.

193 :
Attached Image (click to enlarge)
Click to Enlarge Name: 193.PNG Size: 18 KB
  • #12
  • Jul 11, 2020 3:31pm Jul 11, 2020 3:31pm
[quote=Breza;13054620]{quote}

Thanks again. Ok, I might have a problem in the grid size where in I always set 100 because I will have the EA to fill all the allowed pending order accepted limit by my broker. They allow only 200. So maybe this "100" I set it to should be just "50" because the ea maybe will fill 400 trades since it account 100 for the stop buy and 100 for the sell, and the same for the limit orders. Maybe this is my mistake. Since the Ea maybe need 400 orders so when it cannot find 400 it try to fill any empty place that get available, and that is when any trade get deleted, so it try to continue filling the grid orders. I will test on monday since I cannot use the visual tester.
Meenwhile could you explain for me the EA's input if it is not too much to ask about? I apologize for wasting your time, but I hope you will tolerate my newbie question.

Let say I will put the ea on the gbpusd where it have to open both limit and stop order every 12 pips, and where my broker allowed pending orders is only 200. So what and how shall I adjust the inputs.

Thanks in advance
  • #13
  • Edited 4:20pm Jul 11, 2020 3:56pm | Edited 4:20pm
Quoting aalaarajy
... Let say I will put the ea on the gbpusd where it have to open both limit and stop order every 12 pips, and where my broker allowed pending orders is only 200. So what and how shall I adjust the inputs. Thanks in advance
there is no need to put more than 4 or 5,6 GridStep (number of pending orders).
EA will open orders in a timely manner.
The problem can only be with spikes, so set UpdateInterval to eg 0.1 minutes instead of 1
  • #14
  • Jul 12, 2020 4:12am Jul 12, 2020 4:12am
[quote=Breza;13054673]{quote} there is no need to put more than 4 or 5,6 GridStep (number of pending orders). EA will open orders in a timely manner.

Ok, now and because of the above sentenses you have cleared many things up for me. Thanks for that. I cannot say for sure now, and I need further testing, but I am sure that now I am understanding this EA's aproach as it is. I thought before that if you tell the EA through the "grid size:" input that you will have it to open 10 trade, then it will only deal with 10 trades and thats it. I have compared it with other pending order EAs. But out of what you said, I know now that to tell the EA that it have to have 10 grid size is not the max trades it have to deal with. But how many pending orders it should have to open at a time. So what I have done before is asked the EA to fill all the allowed pending orders from my broker, so it does not have place to add more orders, so because of that it could not place the closed order back. It continued to fill orders in any empty place. But now and after you have cleared this for me, I can tell the Ea to place only 10 pendings, so it have plenty of space to work with. So it is even not the spikes that are the problem. I will of course report back, I can now also rely on this Ea for other grid purposes, not just this idea that I am now playing with. You have opened many possibilities for me with this EA in particular. Funny enough I had this EA and other versions of it since 8 months or so, and could not figure out how it should operate. but many thanks for your clearification.
  • #15
  • Jul 13, 2020 4:05am Jul 13, 2020 4:05am
[quote=Breza;13054673]{quote}

Yes, after testing it, now I have all what I need from this EA. Thanks so much for your help. I use the version you atatched and not one of those I had. This you gave me have no problems. And yes, it was me that not understood how it should operate so I always set the grid size so high that it doesn't have place to re open the trades when they got closed. But now since I set the grid size only 6 it work more than super.

Now it is only left that I can get my strategy to be profitable or not. I have worked a manual type of it more than a year and it was acceptable profits without loosing the deposit, but it was really big grid steps. 80 and more. Now and since I have an EA to perform I can go down to 9 pips and so on.So thanks again.
  • #16
  • Jul 13, 2020 4:36am Jul 13, 2020 4:36am
[quote=Breza;13054673]{quote}
Ok, last thing if you could clerify for me if I have also not understood it. When I set the input "profit target" let say to 1500, so when the profit reach 1500$ it will close all open and pending orders. Well, when it want to start the cycle again it seems that the deleting trades still active, because as I could seet it placed pending orders and deleted them. This continued for more than 10 minutes where it place pending orders and immediatly they got deleted, until I closed the chart and opened a new one and added the EA again to it, then the problem did not continue. But it seems that if next time also acheave my profit target this will happen again. Is there anything I have not set the EA to?
  • #17
  • Jul 13, 2020 5:24am Jul 13, 2020 5:24am
Quoting aalaarajy
Ok, last thing if you could clerify for me if I have also not understood it. When I set the input "profit target" let say to 1500, so when the profit reach 1500$ it will close all open and pending orders. Well, when it want to start the cycle again it seems that the deleting trades still active, because as I could seet it placed pending orders and deleted them. This continued for more than 10 minutes where it place pending orders and immediatly they got deleted, until I closed the chart and opened a new one and added
EA works that way, it needs a reset every time.
I have somewhere mq4 code that can be added to EA and then the desired profit is set, when it reaches all orders are closed and the new cycle starts automatically.
However, this is not usable for your strategy because EA constantly takes TP and SL and the profit calculation would not be correct.
You can use some Trade Manager.
  • #18
  • Jul 13, 2020 6:09am Jul 13, 2020 6:09am
[quote=Breza;13056209]{quote}
Thanks. Now all things is clear. Then I will use another EA to take profits by closing only open orders, so the cycle can continue.
  • #19
  • Jul 27, 2020 9:14am Jul 27, 2020 9:14am
[quote=Breza;13056209]{quote}
Hi again

Yes, I know I said in my previous post that I will use another tool to take the profits for this EA so the cycle can continue.
But now I began to perform backtesting, and as you know we can not back testing using two ea's, and also because this EA have a setting for profit target, so let me ask again:
Is there absolutely no solution or a fix to get this EA to continue the cycle when the target is acheaved ?
It will be a big help if you or any one here is able to solve this.
  • #20
  • Jul 27, 2020 9:26am Jul 27, 2020 9:26am
Try this one
https://cmillion.ru/en/cm-manual-grid/


Inserted Video



Attached File(s)
File Type: ex4 cm-ea-manual-grid-3.2_2.ex4   103 KB | 871 downloads
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