DislikedAl, you should release your trade stops management code as a library (ex4), then anybody could use it for their own EAs. As well as Money management scheme (VAR).Ignored
Thanks for the suggestion,
Al
How much money do you need to safely trade forex 211 replies
Martingale! How to apply it as safely as possible! 14 replies
How to choose a broker safely 43 replies
Safely password protect your work? 8 replies
DislikedAl, you should release your trade stops management code as a library (ex4), then anybody could use it for their own EAs. As well as Money management scheme (VAR).Ignored
DislikedI completely understand. But still thanks for the great exit strategies.
Regards,
MikhailIgnored
DislikedHi everybody,
I have developed an EA based on PipBoxer technology. It helps you to exit your trades with a sophisticated strategy.
Please read the attached guideline before using the EA. Please also cosider the following issues:
- Do not use this tool for scalping and exiting trades with SL and TP levels less than 15 pips.
- PipBoxer_SE is not a complete trading package. You need to open the trade yourself. It just helps you exit the trades in a better way.
- PipBoxer_SE is a freeware. Feel free to distribute and send it to your friends. However, it’s under my copyright. You are not permitted to sell this program or use reverse engineering techniques to extract the code.
- PipBoxer_SE is written for MetaTrader 4 build 201. It might not work properly on other releases of the MT4.
- You are using this tool at your own discretion. I shall not held responsible for your losses due to the usage of this tool. I recommend forward testing it several times to make sure this is the solution you are looking for.
Note: I updated the EA on Jan 26, 2007. Please download the new version if you have downloaded the file prior to this date.
Ignored
DislikedHi. I'm using your SE program, and it is excellant - thank you for sharing it.
I would like to ask the following.
Once a Trade is entered, and your program activated, would an alteration in the TP on MetaTrader be copied & used by your program?
TKSIgnored
DislikedThanks for your positive feedback. I'm not quite sure if I've got your question. If I got it right, the answer is that the program always read the TP and SL levels from the open trade based on the ticket number. So if you change TP manually it will consider the new TP instead of the old one.Ignored
DislikedHi, You had it perfectly. I spent the day trading Cable, and it would be an understatment to say I was impressed with you program - its terrific!
25 pips TP, 6 trades, and only one loss, 5 pips. For a total gain of 45 pips (net of spread). Congratulations.
Would you know of an EA that only opens a position?
TickIgnored
DislikedI have used your ea now for about a week and what a great addition to my trading armoury.
Great work, and your information data well presented and very profesional, going to have a look at the pipboxer ea although I must say I do prefer to trade manually.
Again well done and thankyou for sharing it with us..
GlennIgnored
DislikedI am very interested in using this exit strategy with an EA I use for entry. How can this be done?
Thanks,
dbcmkxIgnored
DislikedIs it possible to have an EA call another EA? I was thinking of maybe using this with EAs which actually triggers a trade instead of having separate charts with different EAs. Can this EA be modified to only touch orders which have a particular comment when trade was entered instead of all orders involving GBPUSD.Ignored
DislikedIt is possible to call an EA within another EA. However, I need to develop a *.mqh file based on this EA. I'll do that in the near future.Ignored
DislikedGreat Al,
Looking forward to it. keep up the great work! and I hope you always stay as generous as you are.
-MikhailIgnored
DislikedWhat I mean is if a T/P has to been entered in order for Pipboxer_SE to work, what is the best way to determine the T/P?
dbcmkxIgnored
Some people prefer to use other approaches to define the profit targer for example if RSI drops below a certain level then the system gets closed. Even with these system you may define a TP that you guess is roughly around where you want to go. If in the system you are using there is no way to define TP or SL with pips then it's probably better to use another type of MM system to handle the open trade. I can design other types of EAs that handle such trades.
I hope I answered your question. Please feel free to let me know if I need to further clarify.
Good Luck,
Al