"The Pip Nailer" (EA - MTaboneWeb)

//+------------------------------------------------------------------+
//| Input variables                                                  |
//+------------------------------------------------------------------+
extern string     TradingParameters          = "------------------------------------------------------------";
extern double     Order01LotSize             = 0.20; //Order lot size (Not placed if = 0)
extern int        MaxDiffFromOpen            = 0; //Maximum difference from the open of the current bar, i.e. no greater than 10 pips higher from open if long and vice versa

extern string     StopLossParameters         = "------------------------------------------------------------";
extern bool       TPBeforePSARTrail          = false; //Does take profit need to be reached before PSAR trailing is enabled?
extern bool       TrailWithPSAR              = true; //Take the value of the previous bar's PSAR and updates stop loss if beneficial to trade
extern int        Order01TrailStopAmount     = 30; //Pips to trail once take profit is hit

extern string     EmailParameters            = "------------------------------------------------------------";
extern bool       EmailNewOrdersPlaced       = false; //Send e-mail whenever an order is placed (even limit and stop orders)
extern bool       EmailProfitLossSummary     = false; //Send profit/loss summary anytime order count changes (does not count pending orders)

extern string     MiscParameters             = "------------------------------------------------------------";
extern bool       DisplayProfitLoss          = true; //Display history of trades?
extern int        OrderSlippage              = 3; //How many pips can the order placement vary?
extern int        EAMagicNumber              = 20080709; //Used to determine orders placed by this EA

//+------------------------------------------------------------------+
//| Revision notes                                                   |
//+------------------------------------------------------------------+
/*

Version 1.0a:

   * EA will now only set to break even if stop loss is negative to order

Version 1.0b:

   * DisplayProfitLoss added (Display Profit/Loss on Chart comments?)
   * Combined 2 orders into 1 (now closes half when take profit is hit)
   * Wait for TP or SL before closing with AO/AC (Once TP is hit AO/AC can close trade anytime when criteria is hit)
   * TPBeforePSARTrail added (Does take profit need to be reached before PSAR trailing is enabled?)
   * TrailWithPSAR added (take the value of the previous bar's PSAR and updates stop loss if beneficial to trade)
   * Order01TrailStopAmount added (amount to trail once take profit is hit)
   * Send E-mail when new orders are placed
   * Send E-mail when order total changes (does not count pending orders)

Version 1.0c (160 downloads):

   * Fixed bug where order was being closed at the take profit rather than being split

Version 1.0d (34 downloads):

   * Fixed bug where order stop loss gets set to 0 when order is split

Version 1.0e (107 downloads):

   * Fixed bug where indicators where not being read soon enough when restarting MT4

Version 2.0:

   * Fixed bug with pip calculation on profit display
   * Fixed problem with E-mail display text
   * Modified key areas to work with live accounts
   * Live version made available

Pending additions/changes:

   * E-mail status of EA
      * Order modified, closed, deleted, etc.? (Not sure how far to go just yet)
   * Manage only
   * Place trades only

*/
string Version = "PipNailer AutoTrader v2.0";

Quoting CTGUY

Disliked

Using a starting balance of $50,000, you may want to consider trading more than .10 each lot.

Ignored

Quoting cfp85

Disliked

attached it on a demo to only 4 major currency .. but till now, no trade was made even there's a signal ...

Ignored

Quoting cfp85

Disliked

i only trade on UC,GU,EU and UJ ...well .. im sure there a signal but no trade was done .. but maybe i just wait another week ...

and yes .. on H1 tf ...

Ignored

Quoting orion70

Disliked

Actually, just looking at my 1H charts, it seems that entries are fine but exits would be more profitable if we stayed in the trades until psar changes. Any comments?

Ignored

Quoting mtaboneweb

Disliked

Maybe a choice of exit signals?

Ignored

Quoting mtaboneweb

Disliked

Here is what I've compiled for additions to the PipNailer EA. Does anyone see anything I missed or have suggestions about the proposed changes?


Exit rules

Choice of exit signals

AO & AC (original)

PSAR change (may be a good idea to force this one)

E-Mail updates

Trade placed (True/False)

Trade modified (True/False)

etc., suggestions?

Ignored

Quoting Ronald Raygun

Disliked

For those who prefer trading manually: an option for signals only?

Alert window
Play Sound
E-mail

Ignored

Quoting dengzhi

Disliked

bug found?
using ODL MT4 demo:
2007.07.25 09:20 the EA sold AUDCAD, on this candle the PSAR does change however AC and AO changed color one hour earlier, so this does not qualify as a painted pip (and thus hit the SL).
attached is pic.

Ignored

Quoting mtaboneweb

Disliked

First, make sure all of your indicator settings are the same as what the EA is using. These settings are hard coded in the EA and not what you may be viewing on the screen.

Ignored