Manage Take Profit EA | Page 11 | 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

  • #201
  • Jan 16, 2008 10:35am Jan 16, 2008 10:35am
This is the one i downloaded from your first post in Oct 06:

ManageTPv2-4.mq4 (5.9 KB, 2282 views)

Thanks again so much!


Gavin
  • #202
  • Jan 16, 2008 11:16am Jan 16, 2008 11:16am
Quoting stockwet
v2.4 is the last official version. Anything with a different number is either named incorrectly or a different version.
Stockwet, I've been going through this thread and like many others would like to applaud you for this great EA - Thanks! Being over enthusiastic, I used it last night (Live) just to have my entire trade closed after only 29 pips... my mistake for not using the v2.4 (Jan 23, 2007) version. But now I found the MTP_1.7 (Nov 23, 2007) with a lot more updates than the v2.4:
"11/2/2006:: Fixed bug that caused the sl var to be set to 1 when a
pending order was > than the First_Stop_Target value.
1/23/2007:: Fixed pip calculation. The old way of calculating pips
could be off by 1 pip, resulting in missed TP or move
stops. The new calculation is more accurate.
5/31/2007:: Lousan: Added a Third Stop Loss. Renamed EA to MTP
to differentiate it from Stockwell's version.
6/01/2007:: Lousan: Added a pip by pip trailing stop loss to kick
in after the last fixed Stop Loss is in place.
7/27/2007:: Lousan: Ver 1.2 Added Version # and Revision date and
Pre-Set Name to display.
8/09/2007:: Lousan: Ver 1.3 Trailing stop was not being moved when
fixed stops were zero.
8/14/2007:: Lousan: Cosmetic change to Legend
8/17/2007:: Lousan: Ver 1.31 Added email and sound alerts
8/24/2007:: Lousan: Ver 1.4 Revised to make the Trailing Stop an
imaginary stop, ie. don't send a Move Stop request to the
server, but keep track of the stop within MTP, like it
does with Max Loss.
8/27/2007:: Lousan: Ver 1.5 If fixed Stop 2 or 3 was zero, then
previous current stop would be set to zero. Fixed that.
9/03/2007:: Lousan: Ver 1.51 Revised to set Max_Loss to 999 if
input value is zero. Also added display for open and close
(last) spreads and for Max Pips (high water mark).
9/21/2007:: Lousan: Ver. 1.6 Added option to choose of closing lots.
Method 1 closes one position at each TP point. Method 2
increases number of lots to close at each TP point by
adding the original Lots to Close to the current number.
9/26/2007:: Lousan: Ver. 1.7 Increased the number of TP targets from
1 to 3. Removed the Move_Stops and Use_Max_Loss input
parameters."

and also with a TS included. Could you or anyone please tell me if this version (I like the TS function to run with the last remaining lot) is OK to use, or is the v2.4 the best version out there?
Thanks
Linus
Ekvattiekakkie
  • #203
  • Jan 16, 2008 3:28pm Jan 16, 2008 3:28pm
Hey Stockwet, just wanted to say this is an excellent EA. Thanks so much for this. Exceedingly useful.
  • #204
  • Jan 18, 2008 5:15pm Jan 18, 2008 5:15pm
Has any one else experience a premature closing of trade?

Here is the scenerio:

15M Chart open with a trading EA attached.
2nd 15m chart opened with MTP attached.
Both are on and both have smiley face.

Trading EA opens a trade and MTP closes one tick later.

I have had this happen quite often. Help.....

Thanks
Ken Pipsqueaker "See you on the Pipside"
  • #205
  • Jan 18, 2008 11:22pm Jan 18, 2008 11:22pm
Could someone help me with these settings. Would this work for a specific trade where I don't want early TP's,
or TS's. Just three SL's and then a final TS in order to obtain the maximum or nothing pips scenario. I've just
noticed I messed up the third stop target, but the idea remains the same.
Thanks,
Linus
Attached Image
Ekvattiekakkie
  • #206
  • Jan 19, 2008 1:27am Jan 19, 2008 1:27am
This truly is an amazing idea, and one that I would dearly like to use, but the fact is this. We are now on page 14 of questions and suggestions that are not being answered?
I can only assume that the author has either lost interest or does not want to address the questions asked?

Does anyone have a system that is similar to this one that works properly. PLEASE.

Thanks
Wayne
KaMpeR
  • #207
  • Jan 19, 2008 1:30am Jan 19, 2008 1:30am
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

Last request, this is the third time I am asking the same question without yet having gotten a respons?
KaMpeR
  • #208
  • Jan 19, 2008 7:20am Jan 19, 2008 7:20am
Quoting fxkamper
Does anyone have a system that is similar to this one that works properly. PLEASE.

Thanks
Wayne
Hi Wayne, I think people have lost interest because the system works well and there is nothing more to be said that hasn't already been addressed somewhere in this thread. I found this EA (TPv2_4) to work well , but I decided to answer my own question of how to adjust the EA, by doing what the well known trader Rob Booker is doing.

I will not be using this EA, but simply open two trades. One with a TP of 20 and the other with a TS, but I will use a huge TS in order to give it breathing space, so that I can have that occasional benefit of a 300 to 500 pip move. Maybe set the terminal alarm for when certain levels are reached or just use a BE Expert Advisor or move them manually.
Linus
Ekvattiekakkie
  • #209
  • Jan 19, 2008 9:15am Jan 19, 2008 9:15am
Quoting fxkamper
This truly is an amazing idea, and one that I would dearly like to use, but the fact is this. We are now on page 14 of questions and suggestions that are not being answered?
I can only assume that the author has either lost interest or does not want to address the questions asked?

Does anyone have a system that is similar to this one that works properly. PLEASE.

Thanks
Wayne
Try this one
Attached File(s)
File Type: zip Swiss Army EA v1-51.zip   120 KB | 1,714 downloads
  • #210
  • Jan 20, 2008 11:48pm Jan 20, 2008 11:48pm
Quoting Linus
Hi Wayne, I think people have lost interest because the system works well and there is nothing more to be said that hasn't already been addressed somewhere in this thread. I found this EA (TPv2_4) to work well , but I decided to answer my own question of how to adjust the EA, by doing what the well known trader Rob Booker is doing.

I will not be using this EA, but simply open two trades. One with a TP of 20 and the other with a TS, but I will use a huge TS in order to give it breathing space, so that I can have that occasional benefit of a 300 to 500 pip move. Maybe set the terminal alarm for when certain levels are reached or just use a BE Expert Advisor or move them manually.
Linus
Hi Linus
Thanks, just out of interest, does this make any sense to you?
"Ek vat nie kak nie" :-)

Cheers
Wayne
KaMpeR
  • #211
  • Jan 20, 2008 11:49pm Jan 20, 2008 11:49pm
Quoting orion70
Try this one
Thanks Orion. :-)
KaMpeR
  • #212
  • Jan 21, 2008 7:10am Jan 21, 2008 7:10am
Quoting fxkamper
Hi Linus
Thanks, just out of interest, does this make any sense to you?
"Ek vat nie kak nie" :-)

Cheers
Wayne
Hehe... yes, it means Carpe Diem ;-)
Ekvattiekakkie
  • #213
  • Jan 21, 2008 8:26am Jan 21, 2008 8:26am
First, I'm not sure what kind of behavior you're going to get by setting the second move stops to 0, 0. It should be OK, but, something that I would check. Second, you have your first move stops set to 30,30. This is saying "Move my SL to B/E + 30 when the price moves +30 pips. So, this would immediately fail since MT4 requires you to be 5 pips away from the current price in order to modify an existing order. To move to B/E at +30 pips, set move stops to 30,0.

Quoting gavoo101
[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
  • #214
  • Jan 21, 2008 8:29am Jan 21, 2008 8:29am
MT4 provides a Journal and an expert log to show what operations are firing. These logs are invaluable in determining what might be happening with any EA. You may want to check the logs first.

Quoting Pipsqueaker
Has any one else experience a premature closing of trade?

Here is the scenerio:

15M Chart open with a trading EA attached.
2nd 15m chart opened with MTP attached.
Both are on and both have smiley face.

Trading EA opens a trade and MTP closes one tick later.

I have had this happen quite often. Help.....

Thanks
  • #215
  • Jan 22, 2008 6:16pm Jan 22, 2008 6:16pm
Stockwet, thanks for this EA. Been using it for a while and it has certainly earned me and a lot of other people a lot of pips.
I didn't realise the EA I was using was this one.

But I was attracted to this forum because I am looking for a new EA, and I think this used to be the EA I am after.

Let me explain. The EA I have uses an increment to shut fixed lots at regular pip levels. (this is the one I am using now)

It looks like it used to close lots at pre-determined pip levels. (this is the one I want)

Why and when did it change? Is the earlier one still available?

Cheers
  • #216
  • Jan 24, 2008 7:40am Jan 24, 2008 7:40am
hi,

i'm trying to use MTP (version 1.7),
the first deal is doing OK, it change SL, TP...
but AFTER the first deal is over (there is NO open deals),
if i open another deal, it close the deal right away
probably some variables already has a value from a previous deal.

anyone ?

Thanks,
Shay
  • #217
  • Jan 25, 2008 12:26am Jan 25, 2008 12:26am
Hi Stockwet

Please do me a favour, just post a screenshot of your settings, thanks.

All I want is the EA to close the first portion at X, the second X later and trail the balance by X.

For the life of me, I cannot get this to work?
Please folks, anyone that has this EA working like this, please, please post a screenshot of your settings so that I can see what the hell it is that I am doing wrong?

Thanks
Wayne
KaMpeR
  • #218
  • Jan 25, 2008 7:41am Jan 25, 2008 7:41am
I don't recall making an EA like this. Maybe someone else made one.

Quoting contactit
Stockwet, thanks for this EA. Been using it for a while and it has certainly earned me and a lot of other people a lot of pips.
I didn't realise the EA I was using was this one.

But I was attracted to this forum because I am looking for a new EA, and I think this used to be the EA I am after.

Let me explain. The EA I have uses an increment to shut fixed lots at regular pip levels. (this is the one I am using now)

It looks like it used to close lots at pre-determined pip levels. (this is the one I want)

Why and when did it change? Is the earlier one still available?

Cheers
  • #219
  • Jan 25, 2008 7:44am Jan 25, 2008 7:44am
Here's my settings file. Just load it up.



Quoting fxkamper
Hi Stockwet

Please do me a favour, just post a screenshot of your settings, thanks.

All I want is the EA to close the first portion at X, the second X later and trail the balance by X.

For the life of me, I cannot get this to work?
Please folks, anyone that has this EA working like this, please, please post a screenshot of your settings so that I can see what the hell it is that I am doing wrong?

Thanks
Wayne
Attached File(s)
File Type: zip managetp.zip   < 1 KB | 2,155 downloads
  • #220
  • Jan 25, 2008 7:44am Jan 25, 2008 7:44am
I didn't do a version 1.7, so, it's not mine. Sorry.

Quoting shayt
hi,

i'm trying to use MTP (version 1.7),
the first deal is doing OK, it change SL, TP...
but AFTER the first deal is over (there is NO open deals),
if i open another deal, it close the deal right away
probably some variables already has a value from a previous deal.

anyone ?

Thanks,
Shay
0 traders viewing now