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Trade Manager needed!!!

  • #1
  • First Post: May 10, 2009 12:58am May 10, 2009 12:58am
Hey guys....I am looking for a script that will bring the stop loss up every candle to the LOW of the previous candle in an uptrend(reverse for down trend). So lets say day1 you get in a trade....well on day 2 you move the stoploss to the low of day1....then on day 3 you will move it to the low of day 2.....


where can i get this....i have literally the perfect system with this...i just don't like being at my computer im more than happy to share how to trade it as well if anyone is curious

-justin
  • #2
  • May 10, 2009 1:36am May 10, 2009 1:36am
Quoting drumdude
Hey guys....I am looking for a script that will bring the stop loss up every candle to the LOW of the previous candle in an uptrend(reverse for down trend). So lets say day1 you get in a trade....well on day 2 you move the stoploss to the low of day1....then on day 3 you will move it to the low of day 2.....


where can i get this....i have literally the perfect system with this...i just don't like being at my computer im more than happy to share how to trade it as well if anyone is curious

-justin
Hi there,

Are you using a manual system? If you are using an EA you can probably get that coded into the EA as opposed to using a script. I am not able to offer any help with coding but surely someone who can will be happy to assist you.

Regards,

GF
  • #3
  • May 10, 2009 1:42am May 10, 2009 1:42am
Quoting goingforward
Hi there,

Are you using a manual system? If you are using an EA you can probably get that coded into the EA as opposed to using a script. I am not able to offer any help with coding but surely someone who can will be happy to assist you.

Regards,

GF

hey....yes it is a manual system...there is no way to code the way i trade fibs. I just need a script i think? or an EA what ever it is called....something that will automaticly set the new stoploss at the start of the next bar...with option of making it .618 of the previous bar....or .5 ect...that would be ideal
  • #4
  • May 10, 2009 2:00am May 10, 2009 2:00am
Quoting drumdude
hey....yes it is a manual system...there is no way to code the way i trade fibs. I just need a script i think? or an EA what ever it is called....something that will automaticly set the new stoploss at the start of the next bar...with option of making it .618 of the previous bar....or .5 ect...that would be ideal
Ah, another Fib trader, like myself. There are a few here who also use fibs quite successfully.

Anyway, if you do want to try and automate it, then just go ahead and post a detailed explanation of your approach and include one/more charts if possible. Then, one of the talented programmers might offer to help with it.

If not, a script should be forthcoming. You can place it on the chart and walk away since you appear to trade higher TFs.

I hope it works out for you.

Take care,

GF
  • #5
  • May 10, 2009 2:26am May 10, 2009 2:26am
Quoting goingforward
Ah, another Fib trader, like myself. There are a few here who also use fibs quite successfully.

Anyway, if you do want to try and automate it, then just go ahead and post a detailed explanation of your approach and include one/more charts if possible. Then, one of the talented programmers might offer to help with it.

If not, a script should be forthcoming. You can place it on the chart and walk away since you appear to trade higher TFs.

I hope it works out for you.

Take care,

GF

I do not think it is possible to automate my method...however....part of the method is tedious with the stoploss and that is the problem this will solve....90% win rate sounds good being nearly effortless....
thanks guys in advance
  • #6
  • May 11, 2009 12:20am May 11, 2009 12:20am
nothing?

I have been looking everywhere and can not find this very useful tool!!!!
  • #7
  • May 11, 2009 7:56pm May 11, 2009 7:56pm
i am bummed that this has not been done it is a profitable strat that will be great if you don't have to sit with the trades....you could sleep peacefully
  • #8
  • May 12, 2009 2:28am May 12, 2009 2:28am
Hi Drum

if you still need this script let me know. I will need to do a little research, I've not done anything with trades in any of my scripts yet, but I'm pretty sure I can do it.
20 pips a day isn't too much to ask . . .
  • #9
  • May 12, 2009 12:06pm May 12, 2009 12:06pm
im sure someone can get an ea to do this for you with no problem. i know there are ea's out there that can manage a position even if entered manually. so moving a stop to the low of previous candle shouldn't be that hard. ask zen leow- i get him to code all of my bright ideas
  • #10
  • May 14, 2009 11:50am May 14, 2009 11:50am
Hi drumdude,

It not a good idea. I've tested it before and it will gets you out of your trade quickly.

However, I've made the attached EA for you. Check it out!
Attached File(s)
File Type: mq4 StopLoss_Ladder.mq4   4 KB | 428 downloads
Free Programmer for Profitable Strategies
  • #11
  • May 15, 2009 12:19am May 15, 2009 12:19am
Quoting unaizams
Hi drumdude,

It not a good idea. I've tested it before and it will gets you out of your trade quickly.

However, I've made the attached EA for you. Check it out!
with all due respect....you don't trade like me therefore it is a bad idea for you. it is a great idea for me
THANK YOU!!!!!
-Justin
  • #12
  • May 15, 2009 12:26am May 15, 2009 12:26am
Quoting drumdude
with all due respect....you don't trade like me therefore it is a bad idea for you. it is a great idea for me
THANK YOU!!!!!
-Justin
Good for you.
Free Programmer for Profitable Strategies
  • #13
  • Last Post: Jul 28, 2019 7:44pm Jul 28, 2019 7:44pm
Give this a shot. Just rolled it out.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 23 KB
Click to Enlarge Name: Captured1.PNG Size: 43 KB
Attached File(s)
File Type: ex4 TRADE MAN 2.0 (15).ex4   352 KB | 279 downloads
If you fail to plan, Plan to fail
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