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Jumping Take Profit

  • #1
  • First Post: Feb 10, 2009 7:04am Feb 10, 2009 7:04am
For starters… I don’t know how practical this is but, I was wondering if this is doable and if anyone has anything like this already? What I was thinking is a forward jumping take profit! I primarily trade 4 hours and up and find that after I hit my take profit (not always…) the pair trades even further for a few hundred more pips…

what I was thinking of attempting is have an EA look back at say… 4 candles and determine if the previous candles are trending the correct direction… something like four 1 hour candles or something. If all four candles are say trending down… then move the take profit out 20 pips… and repeat. This way the EA has potential for a larger run. I’m not sure but it sounds good! Let me know… thanks for reading
  • #2
  • Feb 11, 2009 7:06am Feb 11, 2009 7:06am
How about… does anyone have a really clean Jumping stoploss script or EA that I can convert into a jumping takeprofit? Ive been searching for a Jumping stoploss but ive only found two and they would be difficult to convert due to other options placed inside them.

Thanks a lot for reading this thread… and I hope I can place a working jumping takeprofit for other to use soon.
  • #3
  • Feb 11, 2009 8:58am Feb 11, 2009 8:58am
If someone could take a look at this code... will this work??

Inserted Code
         if (OrderType()==OP_BUY)
            {
               BuyTP = OrderTakeProfit();
               if ((Ask+OrderOpenPrice()>=Point*TakeProfit) && (Ask+OrderOpenPrice()>= StepSize*Point))
               {
                  BuyTP = OrderTakeProfit()+ StepSize*Point; 
                  if (Ask + BuyTP >= MinDistance*Point)
                  {                             
                     OrderModify(OrderTicket(),OrderOpenPrice(),OrderStopLoss(),BuyTP,0,CLR_NONE);
               return(0);
            }
         }
      }
            if (OrderType()==OP_SELL)
            {
               SellTP = OrderTakeProfit();
               if ((Bid-OrderOpenPrice()<=Point*TakeProfit) && (Bid-OrderOpenPrice()<=StepSize*Point))
               {
                  SellTP = OrderTakeProfit() - StepSize*Point; 
                  if (Bid - SellTP <= MinDistance*Point)
                  {
                     OrderModify(OrderTicket(),OrderOpenPrice(),OrderStopLoss(),SellTP,0,CLR_NONE);     
                     return(0);
                  }    
               }
            }
  • #4
  • Last Post: Feb 11, 2009 12:06pm Feb 11, 2009 12:06pm
Ok… I think I figured it out! If you find errors with it… please post them


double StepSize=20;
double MinDistance=10;
int TakeProfit=30;


// your criteria for extending your takeprofit here
Inserted Code
{      
   double BuyTP, SellTP;   
   total = OrdersTotal();
   for(cnt=0;cnt<OrdersTotal();cnt++)
   {
      if(OrderSelect(cnt,SELECT_BY_POS,MODE_TRADES)==false) break;
         
         if(OrderMagicNumber()!=MagicNumber || OrderSymbol()!=Symbol())
            continue;
            
            if (OrderType()==OP_BUY)
            {
               BuyTP = OrderTakeProfit();
               if (Ask >= (BuyTP - (MinDistance*Point)))
               {
                  BuyTP = OrderTakeProfit()+ StepSize*Point;                            
                  OrderModify(OrderTicket(),OrderOpenPrice(),OrderStopLoss(),BuyTP,0,CLR_NONE);
         }
      }
            if (OrderType()==OP_SELL)
            {
               SellTP = OrderTakeProfit();
               if (Bid <= (SellTP + (MinDistance*Point)))
               {
                  SellTP = OrderTakeProfit()- StepSize*Point;
                  OrderModify(OrderTicket(),OrderOpenPrice(),OrderStopLoss(),SellTP,0,CLR_NONE);
               }
            }  
   }
}
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