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Attachments: Manage Take Profit EA
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Manage Take Profit EA

  • #221
  • Jan 25, 2008 6:20pm Jan 25, 2008 6:20pm
Quoting stockwet
I don't recall making an EA like this. Maybe someone else made one.
I went back to the start. You are quite right, I am getting confused between the stops.

I wonder if I could change it myself ( i used to program in REXX). Can I get access to the source and change it myself?

Steve
  • #222
  • Feb 1, 2008 2:04pm Feb 1, 2008 2:04pm
Hi, Stockwet!

I'm using your EA Managetpv34.

Today, I bought cable at 1.9863 (13:30gmt). Your EA attached. It had First Target at 45; Target Increment at 20; Close Lots at 0.1; First Stop Target at 6 and First Stop at 1.

GBPUSD spiked up to 1.9898, that is 25 pips from entry and closed at 1.9854. All that in 1 minute.

Your EA did not moved stop at entry+1 once it was at +6. So, I closed my long when I could as I had Use Max Loss set to false.

Do you have any idea of what could've happened?

THX
  • #223
  • Feb 2, 2008 2:45am Feb 2, 2008 2:45am
Quoting stockwet
Here's my settings file. Just load it up.

Thank you very much, man I have no idea why I am battling with this so much?

All I want is a TP, then Another and the balance to trail. Just cannot get it to do that?

Cheers
Wayne
KaMpeR
  • #224
  • Feb 2, 2008 4:09pm Feb 2, 2008 4:09pm
Hey guys, I think this is a wonderful take profit EA, so i'm trying to attach it to a moving average crossover EA that I would also like to use. This is my first experience with EA's in general, so as you might imagine, it's not working right. Any tips or anything?

In other words, I want this:
Attached File(s)
File Type: mq4 universalMACrossEA.mq4   33 KB | 1,160 downloads

to make my initial entry decisions.

and this:
Attached File(s)
File Type: mq4 MTP_1.5.mq4   9 KB | 1,240 downloads

to make all my exit decisions.

I think this will make a really good system. PLEASE help??
"The market pays you to be disciplined"
  • #225
  • Feb 5, 2008 3:31am Feb 5, 2008 3:31am
Hi there,

BIG THANKS to Stockwet for developing and supporting this fantastic EA.

I generally use pending orders to enter trades. This means that the open with magic number EAs that I've seen posted in this thread thus far won't help me. Are there any EAs out there that will allow me to assign magic numbers to a pending order?

-J
  • #226
  • Feb 5, 2008 5:57am Feb 5, 2008 5:57am
Quoting marc
Hi, Stockwet!

I'm using your EA Managetpv34.

Today, I bought cable at 1.9863 (13:30gmt). Your EA attached. It had First Target at 45; Target Increment at 20; Close Lots at 0.1; First Stop Target at 6 and First Stop at 1.

GBPUSD spiked up to 1.9898, that is 25 pips from entry and closed at 1.9854. All that in 1 minute.

Your EA did not moved stop at entry+1 once it was at +6. So, I closed my long when I could as I had Use Max Loss set to false.

Do you have any idea of what could've happened?

THX
Hi,

I posted the above real experience with EA. Real money nor demo or whatsoever.

EA did not work. You should take that into account when using this EA trading news spikes.

As far as I think, EA had no time to move stop at be+1 or it takes a lot of time to do so. In my MT4 journal there is not any try by the EA to place stop.
  • #227
  • Feb 6, 2008 7:18am Feb 6, 2008 7:18am
Quoting moneybiz
MTP_1.7: If someone finds a bug, I'll try to fix that, otherwise . . .
Hi Moneybiz, thanks for adding those extra two TP's... I like that and also Stockwet for creating this real lifesaver... it sure takes a lot of stress out of trading.
Moneybiz, I'm using your modified MTP_1.7 EA and last night it took profits but did not move my SL's (GBP/JPY on IBFX). Is there anything in my settings that might be wrong if you don't mind taking a quick look? Or did I maybe miss a later version of MTP_1.7 in the attachment folder?

extern string PreSet_Name = "Default";
extern int First_TP = 20;
extern int Second_TP = 50;
extern int Third_TP = 100;
extern int TP_Increment = 20;
extern double Close_Lots = 0.25;
extern int Close_Method = 1;
extern int First_Stop_Target = 20;
extern int First_Stop = -60;
extern int Second_Stop_Target = 40;
extern int Second_Stop = 0;
extern int Third_Stop_Target = 60;
extern int Third_Stop = 20;
extern int Trail_Stop_By = 30;
extern int Max_Loss = 60;
extern bool Alert_Sound = true;
extern bool Alert_Email = false;
extern int Magic_Number=0;

Thanks,
Linus
Ekvattiekakkie
  • #228
  • Feb 7, 2008 4:00am Feb 7, 2008 4:00am
I guess I am misunderstanding something?

Could someone please either explain or give me an example of how to get the last trade to function as a TS?

Thanks
Wayne
KaMpeR
  • #229
  • Feb 12, 2008 2:26am Feb 12, 2008 2:26am
hi guys,

is it possible to get the funktion to scale more postions (increase the position size) in instead of scale out ? i wanna increase my lot's if i have a winning position, and stop this position at breakeven out (hopfully at the TP...) and this in 2 or 3 steps...

sorry for my rude english, schools out for summer...

regards

sten
  • #230
  • Edited 5:48pm Feb 13, 2008 5:28pm | Edited 5:48pm
Quoting Linus
Hi Moneybiz, thanks for adding those extra two TP's... I like that and also Stockwet for creating this real lifesaver... it sure takes a lot of stress out of trading.
Moneybiz, I'm using your modified MTP_1.7 EA and last night it took profits but did not move my SL's (GBP/JPY on IBFX). Is there anything in my settings that might be wrong if you don't mind taking a quick look? Or did I maybe miss a later version of MTP_1.7 in the attachment folder?

extern string PreSet_Name = "Default";
extern int First_TP = 20;
extern int Second_TP = 50;
extern int Third_TP = 100;
extern int TP_Increment = 20;
extern double Close_Lots = 0.25;
extern int Close_Method = 1;
extern int First_Stop_Target = 20;
extern int First_Stop = -60;
extern int Second_Stop_Target = 40;
extern int Second_Stop = 0;
extern int Third_Stop_Target = 60;
extern int Third_Stop = 20;
extern int Trail_Stop_By = 30;
extern int Max_Loss = 60;
extern bool Alert_Sound = true;
extern bool Alert_Email = false;
extern int Magic_Number=0;

Thanks,
Linus
Hi Linus

Tell me please, in this example, does your last trade function with a TS or does it just close when it hits the TP?

Also I have 2.4, but it does not have all the settings that you have listed, what version of 1.7 is that from and where can I find it please?
Quote
I found it, no worries;
http://www.forexfactory.com/showpost...&postcount=154

Cheers
Wayne
KaMpeR
  • #231
  • Edited 12:10pm Feb 14, 2008 8:59am | Edited 12:10pm
Quoting fxkamper
Hi Linus

Tell me please, in this example, does your last trade function with a TS or does it just close when it hits the TP?

Also I have 2.4, but it does not have all the settings that you have listed, what version of 1.7 is that from and where can I find it please?


Cheers
Wayne
Wayne, let me know if you were able to to fix the problem with the SL's and TS, because I really fancy this EA, and yes it does end with a TS. Even if you find no bug at all, please let me know.
Thanks,
Linus
Ekvattiekakkie
  • #232
  • Feb 14, 2008 12:21pm Feb 14, 2008 12:21pm
Quoting fxkamper
Hi Linus
Tell me please, in this example, does your last trade function with a TS or does it just close when it hits the TP?
Wayne
Hey Wayne, check this out:
"Trailing stops always take away from your overall profits, in the long run.
They sound good, but they don't work." - Billbiss (senior member)
http://www.forexfactory.com/showthre...t=51365&page=4
Ekvattiekakkie
  • #233
  • Feb 14, 2008 12:39pm Feb 14, 2008 12:39pm
Quoting Linus
Hey Wayne, check this out:
"Trailing stops always take away from your overall profits, in the long run.
They sound good, but they don't work." - Billbiss (senior member)
http://www.forexfactory.com/showthre...t=51365&page=4
Hi Linus

Thanks for the heads up on that, but I am aware of it, I trade for a living, just to put you in the picture.

The reason why I like this feature is that everything after the second TP is, by my trading style, an absolute bonus and I will never ever allow myself to chase the third TP or the TS.

Having said that I am also not a fool, and if I can add 1 extra lot to my trades and maybe catch an extra 3, 30 or 300 pips depending on what the pair is doing, then I want those extra pips. Hence my need to get that damned TS working.

No matter what I try, the flipping thing just says "off"?

Cheers
Wayne
Attached Image
KaMpeR
  • #234
  • Feb 17, 2008 8:38pm Feb 17, 2008 8:38pm
Could anybody implement risk parallel to the fixed lots? Something like 3% risk is better than 0.1 lots...

Only a suggestion...
  • #235
  • Feb 20, 2008 7:05am Feb 20, 2008 7:05am
I am using MTP 1.7. Last night I opened 0.1 lots and wanted to close 0.05 after 20 pips, move SL to BE+1 and let the other 0.05 run (default options except I want to use 0.05 for each closing. It did move stop to BE+1, but didn't take profit at first 20 pips, then it closed the second 0.05. Attached is the screenshot. Could anybody elaborate what went wrong?

thanks
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 274 KB
  • #236
  • Feb 21, 2008 8:52pm Feb 21, 2008 8:52pm
I need some help on coding this takeprofit scenerio

I need to distinguish between sets of order. ex.

You places 3 orders BSS at the start of day. add another 3 orders SBB. different lots per pairs

Now at end of day close the set that is profit only not all of them and leave the negative alone. Then repeat

SO ex, if BSS is -50 and SBB is +60, then close only SBB. Then enter again at start of day another SBB, vice versa.

Could you code something that I could add in my ea to manage these sets of profits
  • #237
  • Feb 28, 2008 12:37am Feb 28, 2008 12:37am
Very simple problem maybe someone had this problem also.

I place 1st and 2nd tp and live the 3rd position to TS. For some reason right after my first TP is hit the 2nd TP gets hit also. Closing my position to early.

Please someone help me with this.
The more obstacles I overcome the better man I become.
  • #238
  • Feb 28, 2008 10:52pm Feb 28, 2008 10:52pm
Hi All,

I'm gettting lost in this thread.
Can someone please let me know which is the latest non-trade modified (official) version and which thread number I can download it from.

Much appreciated.

Cheers,
Miike
  • #239
  • Feb 29, 2008 3:08am Feb 29, 2008 3:08am
Well here is a question that everyone but me seems to know the answer:
I just went long the EUR/USD. How do I get the EA to take it over? Or is this done during the enrty? Or does it just take over any trade of that pair done on the same screen when it is entered manually. All of the rest of the questions i can answer, lol
  • #240
  • Mar 7, 2008 11:50am Mar 7, 2008 11:50am
Quoting miike
Hi All,

I'm gettting lost in this thread.
Can someone please let me know which is the latest non-trade modified (official) version and which thread number I can download it from.

Much appreciated.

Cheers,
Miike

Which MTP version is working properly ..... or non at this moment? Would be nice if the problem can be fixed as the EA seems like a good tool to have, would sure make trading easier. IMO
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