Manage Take Profit EA | Page 10 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EA to "save" profit and move/lock it if profit goes higher. does it exist? 8 replies

Profit From Profit-Taking —Scalping the Session Close 21 replies

Manage Save Profit System 0 replies

Would you take profit with 500pips profit or? 26 replies

Would you take profit with 500pips profit or? 3 replies

Attachments: Manage Take Profit EA
Exit Attachments

Manage Take Profit EA

  • #181
  • Nov 23, 2007 4:25am Nov 23, 2007 4:25am
Hi All

I am already have a working EA, but I would like to add trailing stops to it. I have read the MTP_1.7mq4 trailing stop code and would like to add it to my EA but am unsure how.

I have attached a basic moving averag EA as an example, would anyone know how i could combine these two to make one EA. All I want is the MTP_1.7.mq4 file added to my moving average EA.

I know this sounds simple, but I am not a programmer so any help would be appreciated

thanks

d
Attached File(s)
File Type: mq4 Moving Average.mq4   5 KB | 727 downloads
File Type: mq4 MTP_1.7.mq4   11 KB | 1,089 downloads
  • #182
  • Nov 24, 2007 2:22am Nov 24, 2007 2:22am
Wayne, leave Third_Stop_Target and Third_Stop as zero. Your last stop is then at 21, so your trail would kick in when price hits 76 (21 + 55). When price moves to 77, your stop will be moved to 22, 78 = 23, etc.

The way you currently have it shown, you would be stopped out immediately when you got to 55 pips of profit because you would move your stop (Third) to the current price (Third_Stop_Target). Stop should ALWAYS be less than Stop_Target.
  • #183
  • Nov 24, 2007 2:42am Nov 24, 2007 2:42am
pgtips,
1 EA per Chart per Currency = 1 chart per EUR/USD, plus 1 chart per GBP/USD, plus 1 chart per CHF/USD, etc. Or, expressed another way, if you want to trade multiple currencies, you can have one instance of the EA for each currency. If you want to do multiple trades per currency, use a Magic Number for each trade. Always reset the EA after a trade. Save your favorite settings as a PreSet.
  • #184
  • Nov 25, 2007 3:16am Nov 25, 2007 3:16am
Quoting moneybiz
Wayne, leave Third_Stop_Target and Third_Stop as zero. Your last stop is then at 21, so your trail would kick in when price hits 76 (21 + 55). When price moves to 77, your stop will be moved to 22, 78 = 23, etc.

The way you currently have it shown, you would be stopped out immediately when you got to 55 pips of profit because you would move your stop (Third) to the current price (Third_Stop_Target). Stop should ALWAYS be less than Stop_Target.
Thanks MoneyBiz, appreciate the help and the explanation.
KaMpeR
  • #185
  • Edited 3:03am Nov 26, 2007 2:20am | Edited 3:03am
MoneyBiz

Ha,

just found this thread after seeing the reply to the other one.

Seems to answer my question

1 instance of metatrader open.
attach the Expert to each currency pair chart within metatrader to manage each trade opened for that currency i.e multiple EAs running, 1 per chart :-)

so it could manage 10 trades on 10 different currencies each with one order open, 1 on gbp/usd, 1 on eur/chf, 1 on gbp/jpy etc etc..

thanks again

PGTips
  • #186
  • Nov 29, 2007 3:04am Nov 29, 2007 3:04am
Hi Stockwet

Thanks for the great EA. I am currently testing this EA on demo ^_^
  • #187
  • Dec 1, 2007 12:20am Dec 1, 2007 12:20am
Maybe I am just being silly, but I cannot get the last open position to trail?

Could I humbly ask someone to post a screenshot of the settings they are using where the TS is working properly please?

Thanks in advance
Wayne
KaMpeR
  • #188
  • Dec 1, 2007 6:51am Dec 1, 2007 6:51am
Hi Stockwet,

and thanks for sharing. I have a question for you or anyone else that can answer it. Does this EA work by moving a SL in metatrader (which lives on the brokers server), or does it monitor the price and generates the Stop (closes the order) when certain conditions are satisfied?

In the first case it means that if for example my internet goes down when I am not watching the PC, the trade still has a SL defined, in the second case it means that my PC needs to be on and connected all the time for the SL safeguard to be in place.

Thanks
  • #189
  • Dec 6, 2007 4:16am Dec 6, 2007 4:16am
Quoting stockwet
There are multiple versions of the EA. If you go back through the thread, you can probably find a version that does not include the trailing feature.
Great Work Stockwet. This was exactly what I was looking for. I tried the MTP1.7, but find it doesn't work as good as the last ManageTPv2.4.

My question, would you consider releasing your private version with the trailing stops built in Please???
  • #190
  • Dec 7, 2007 7:40am Dec 7, 2007 7:40am
Quoting fxkamper
Maybe I am just being silly, but I cannot get the last open position to trail?

Could I humbly ask someone to post a screenshot of the settings they are using where the TS is working properly please?

Thanks in advance
Wayne
Anyone?????
KaMpeR
  • #191
  • Edited 8:19pm Dec 7, 2007 12:49pm | Edited 8:19pm
Quoting moneybiz
pgtips,
If you want to do multiple trades per currency, use a Magic Number for each trade. Always reset the EA after a trade. Save your favorite settings as a PreSet.
Ahh... so this was the problem... I was trying to do multiple trades same currency, and was finding problems. Now I read you have to reset the EA after each and every trade...

Also, Am I the only one finding a problem with MTP closing out the whole position (in the programmed increments) all at the same time???

Anyway to make this more robust. Ie. Make it so that it will manage ALL open trades (multiple trades, multiple directions) all at the same time??? Maybe have an AUTORESET switch that resets itself once ALL open trades are closed???
  • #192
  • Dec 8, 2007 8:25pm Dec 8, 2007 8:25pm
Just curious about something...

I came across a version 3.4 of managetp on another thread but I don't see it as an attachment to this thread. Is this an 'official' stockwet EA ???
  • #193
  • Dec 9, 2007 1:40pm Dec 9, 2007 1:40pm
Quoting orion70
Just curious about something...

I came across a version 3.4 of managetp on another thread but I don't see it as an attachment to this thread. Is this an 'official' stockwet EA ???
Hmmm... Stockwet ususally releases the MQ4 files... Are you able to find the MQ4 version of the 3.4???
  • #194
  • Edited 11:01pm Dec 9, 2007 7:27pm | Edited 11:01pm
http://i5.photobucket.com/albums/y17...managetp34.jpg
Quoting VagyokC4
Hmmm... Stockwet ususally releases the MQ4 files... Are you able to find the MQ4 version of the 3.4???
nope

It does seem to follow the same format as earlier versions though.
  • #195
  • Dec 12, 2007 1:22am Dec 12, 2007 1:22am
Quoting JoshDance
I'll make the changes later tonight and post them then, thanks for confirming.. Hmm, I don't know about being the new caretaker... we'll see :-) It's funny, when I was working as a developer in the corporate world I never enjoyed what I did, but now that it's stuff having to do with trading, what I like to do, then it's actually fun :-)
JoshDance - I noted your corrections to moneybiz's version back on 9/30/2007 and can't find where you've posted the changes. Surely would like to have those made and posted. Sorry I'm not a programmer! Heck, I can't even PM you, because I just joined and don't have enough posts. So... hoping your read this! Thanks, Bill
  • #196
  • Dec 12, 2007 7:53am Dec 12, 2007 7:53am
v2.4 is the last official version. Anything with a different number is either named incorrectly or a different version.

Quoting orion70
Just curious about something...

I came across a version 3.4 of managetp on another thread but I don't see it as an attachment to this thread. Is this an 'official' stockwet EA ???
  • #197
  • Dec 12, 2007 9:09am Dec 12, 2007 9:09am
Quoting VagyokC4
Ahh... so this was the problem... I was trying to do multiple trades same currency, and was finding problems. Now I read you have to reset the EA after each and every trade...

Also, Am I the only one finding a problem with MTP closing out the whole position (in the programmed increments) all at the same time???

Anyway to make this more robust. Ie. Make it so that it will manage ALL open trades (multiple trades, multiple directions) all at the same time??? Maybe have an AUTORESET switch that resets itself once ALL open trades are closed???
I too have seen this. I also found out the hard way that this doesn't reset itself, nor does it manage new positions independently. All of those would be great enhancements... not that I don't greatly admire the capability and flexibility of the current version. I figure the thing with all my positions being closed out at once has something to do with some setting I'm not aware I'm getting wrong -- that is user error. I conclude that because there are tons of folks who are using this EA and I don't see any others complaining along this line.

My posting doesn't help much, I guess, but at least you know you are not alone...
  • #198
  • Dec 12, 2007 10:01am Dec 12, 2007 10:01am
Quoting stockwet
v2.4 is the last official version. Anything with a different number is either named incorrectly or a different version.
Thanks for clearing that up.
  • #199
  • Jan 16, 2008 9:03am Jan 16, 2008 9:03am
[IMG]file:///C:/DOCUME%7E1/hl778/LOCALS%7E1/Temp/moz-screenshot.jpg[/IMG][IMG]file:///C:/DOCUME%7E1/hl778/LOCALS%7E1/Temp/moz-screenshot-1.jpg[/IMG]Hey Stockwet,

I have been testing out your take profits EA and just having some issues. I have attached a screenshot of my settings. I am trying to take 0.2 of a lot out of every 10pips profit I make, but only want me stop-loss to move to breakeven after I have reached 30pips mark. But instead it moves it to breakeven after only 10pips, which of course stops me out of the trade to early.

Thank you much for any incite you can provide.


Gavin
Attached Image
  • #200
  • Jan 16, 2008 10:33am Jan 16, 2008 10:33am
Gavin,

There are quite a few derivations of the Manage Take Profit expert out there now. Do you have any idea what version you are actually using?

stockwet
0 traders viewing now