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Multi-purpose trade management EA

  • #121
  • Apr 30, 2009 10:48pm Apr 30, 2009 10:48pm
Hey Meta, these might help you for closing and buying etc. I didnt create these, they came from ATM Forex (hope its ok theo). Bunch of scripts for just about everything you'd need.

Steve, one request can you add more options to the hedging like:
- max # of orders
- separate settings for each hedge like up to 3?
- that would really help me tune it a bit

Thanks

Quoting Metatrader7
I propose an additional feature - closing positions on pressing short key combination (for currency displayed on the chart):
Close All - Shift+F9
Close Buy orders -Shift+B+F9
Close Sell Orders -Shift+S+F9

Sometimes I have to exit manually all positions or all buys or sells and there is no option for that in MT4.

Hope you love the idea as well.
Attached File(s)
File Type: zip CloseAllOrders-5-Decimal-Broker.zip   86 KB | 1,006 downloads
  • #122
  • Edited 12:03pm May 1, 2009 11:50am | Edited 12:03pm
Thanks for all references provided. Using scripts with hot keys is definitely the way to go for basic order placement. One more problem with Close All script: It closes all trades on all pairs.

I need a script - close one pair only
or per chart it was applied to

There is an EA like that on TSD forum, but I need a script.

"Close All EA" is dangerous as it stays on the chart if not manually removed and keeps closing all orders. I have to remember removing it and that makes it impractical.
So I need "close only one pair" script
  • #123
  • May 1, 2009 12:14pm May 1, 2009 12:14pm
Quoting Metatrader7
Thanks for all references provided. Using scripts with hot keys is definitely the way to go for basic order placement. One more problem with Close All script: It closes all trades on all pairs.

I need a script - close one pair only
or per chart it was applied to

There is an EA like that on TSD forum, but I need a script.

"Close All EA" is dangerous as it stays on the chart if not manually removed and keeps closing all orders. I have to remember removing it and that makes it impractical.
So I need "close only one pair" script

Hi

This should work...

GF
Attached File(s)
File Type: mq4 close.mq4   2 KB | 869 downloads
  • #124
  • May 16, 2009 7:10am May 16, 2009 7:10am
Hi Steve,

Loving your work and always recommend your trade manager to others (surprised you haven't started charging yet!)

Any chance of coding close-and-reverse (CAR) into the EA in addition to the hedge facility already there, when you get some spare time, please? I have had a go myself, but still severely lacking in skills.

Cheers
  • #125
  • May 16, 2009 3:33pm May 16, 2009 3:33pm
Quoting Limstylz
Hi Steve,

Loving your work and always recommend your trade manager to others (surprised you haven't started charging yet!)

Any chance of coding close-and-reverse (CAR) into the EA in addition to the hedge facility already there, when you get some spare time, please? I have had a go myself, but still severely lacking in skills.

Cheers
Thanks for your kind comments.

I do not plan to add CAR to the EA.

  • #126
  • May 19, 2009 9:51am May 19, 2009 9:51am
Hi Steve,

Any luck on my Flexible Trailing Stop idea ??
  • #127
  • May 19, 2009 10:46am May 19, 2009 10:46am
Quoting andytan
Hi Steve,

Any luck on my Flexible Trailing Stop idea ??
Not yet. I haven't forgotten; I just need to be in the mood to code something complicated like that.

  • #128
  • May 19, 2009 3:08pm May 19, 2009 3:08pm
Quoting SteveHopwood
Not yet. I haven't forgotten; I just need to be in the mood to code something complicated like that.

Hehe.. I understand hehe...
  • #129
  • May 27, 2009 3:21pm May 27, 2009 3:21pm
Really excellent work, amigo, and so good of you to share.

I was wondering how your Hedging concept was coming, being that it's been a while since the last version was published.

Thanks again,
Merlin
  • #130
  • May 27, 2009 3:33pm May 27, 2009 3:33pm
Quoting MerlinBrasil
Really excellent work, amigo, and so good of you to share.

I was wondering how your Hedging concept was coming, being that it's been a while since the last version was published.

Thanks again,
Merlin
Abandoned. My broker is IBFX. IBFX are one of those pillock brokers that no longer allow this, "In compliance with NFA rules".

I neither know nor care who NFA are. What I do know is this: as soon as I can afford to migrate to a broker that both accepts nano-lots and allows hedging, I shall do so.

Or, as soon as I can afford to move to a broker that allows hedging on the size of account I can afford, I shall do so.

Until then, hedging will get no more attention from me because it is not relevant to my trading.

One day, I shall be rich enough that I shall want the ea to do everything. That time is not yet upon me.

One day.

  • #131
  • May 27, 2009 7:48pm May 27, 2009 7:48pm
Hey Steve,

All Trailing stop EA's seem to be coded so that once your triggered Trailing Stop setting is hit (10 pips, 20 pips, or whatever) SL is moved to OrderOpenPrice() which is a Breakeven starting point.
I want to be able to Slide the SL more than Breakeven to Lock In more pips right off the bat. So if I set my Trailing Stop start target at 20 pips profit and price moves to 20 pips profit, SL is moved to BreakEven + TrailSlide (maybe to +6pips) then regular Trailing continues from there TrailingStep by TrailingStep.

Can you MOD your EA to do this?
Thank you
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #132
  • May 28, 2009 2:48am May 28, 2009 2:48am
I have added a trail-after-breakeven-only input to the trailing stop function. Details in the updates section of post 1.

  • #133
  • Edited 4:45am May 28, 2009 3:50am | Edited 4:45am
Quoting SteveHopwood
I have added a trail-after-breakeven-only input to the trailing stop function. Details in the updates section of post 1.

Ok, thanks man

Your comment section keep flashing between Managing all open trades and Monitoring trades
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #134
  • Jun 2, 2009 8:49pm Jun 2, 2009 8:49pm
All I can say is... THANK YOU STEVE, MAY GOD BLESS YOU IN RETURN.. I have looked for something like this for sometime. I think i found it no. I'm testing and will give feedback with time.

Thanks again.
Ayo.
Quoting SteveHopwood
I have added a trail-after-breakeven-only input to the trailing stop function. Details in the updates section of post 1.

  • #135
  • Jun 4, 2009 2:33am Jun 4, 2009 2:33am
Hi, sorry to ask a simple question but I must have missed something somewhere.
If I enter a trade and manually put in a stop loss and take profit, what do I need to do to have the indicator take 1/2 profit at 2x my risk and move stop to break even?

Oh and thanks very much for the indicator it really is excellent.

Juicyt
"Even if you fall down face first, you still went forward."
  • #136
  • Jun 7, 2009 6:00pm Jun 7, 2009 6:00pm
Or if someone else has an ea/indicator to do what i asked simply can you please share?

Regards, Juicyt
"Even if you fall down face first, you still went forward."
  • #137
  • Jun 7, 2009 6:34pm Jun 7, 2009 6:34pm
Quoting juicyt
Hi, sorry to ask a simple question but I must have missed something somewhere.
If I enter a trade and manually put in a stop loss and take profit, what do I need to do to have the indicator take 1/2 profit at 2x my risk and move stop to break even?

Oh and thanks very much for the indicator it really is excellent.

Juicyt
hmm.. You have to manually calculate your "2x my risk" amount and set it in the jumping stop section I don't think it can "Auto" calculate for you at the moment

JumpingStop = true
JumpingStopPips = 30 (<-- example, your 2x risk.. multiply by 10 if it's a 5 digit broker)
PartCloseEnabled = true
Close_Lots = 0.1 (<-- the size you wish to close, if you full lot is 0.2 then 50% is 0.1, etc)
Preserve_Lots = 0.1 (Amount you wish to leave on the table)

Ok.. Hope this helps
  • #138
  • Jun 8, 2009 12:07am Jun 8, 2009 12:07am
Thanks for the reply andytan but from what i understood the PCS setting was to do this exactly but it has not worked for me. The jump stop will keep jumping my position by the amount i set it too I thought and although I could use that it is not ideal for me. It could be because I am using a different broker platform and not the same one Steve does (as he mentioned in his book). Or it could be because I am simply not doing it right. I have tried many settings but nothing really works for me. I never got a smiley face in the top right corner just an unhappy sad face.

Steve mentioned in his pdf about "split trade.. " comment but i don't even know where to look for this.

Any other suggestions or could someone try it out for me and see if they can get theirs to work?

Juicyt
"Even if you fall down face first, you still went forward."
  • #139
  • Jun 8, 2009 6:54am Jun 8, 2009 6:54am
Well for some reason i just re-installed the ea again and tried to get it to work again and it worked just fine. A little annoying because of the 5 decimals the broker has but it works regardless. So I'm happy now.

Thanks for the EA Steve.
"Even if you fall down face first, you still went forward."
  • #140
  • Jun 8, 2009 12:47pm Jun 8, 2009 12:47pm
Quoting SteveHopwood
My broker is IBFX. IBFX are one of those pillock brokers that no longer allow this, "In compliance with NFA rules".
I neither know nor care who NFA are. What I do know is this: as soon as I can afford to migrate to a broker that both accepts nano-lots and allows hedging, I shall do so.
Steve,
Thanks for the use of your Trade Manager. I've been using it to trade the Asian session breakout as outlined in the 'One Trade a Day' strategy that's running here at FF. I typically set a single buy-sell stop manually as IBFX won't allow opposing pending trades. Then after measuring the Fibonacci level extensions, set a pip level for an initial TP and move to BE in the Manager. I let the second half of the lots run to either the 261.8 level, or end of day.

All that said; would it fit your interests to add a couple varients to your manager? One would be to include a function to get around the problem we now face if we want to set up a pair of pending buy stop-sell stops for a breakout trade. The no-hedging rule in the U.S. won't allow even the manual setup of pending trades on the MT4 platform. Because MT4 has no OCO function, they're considered as hedged trades.

Could you include a hidden, pending OCO trade entry function? The buy or sell would be triggered by price when it touched a level entered in the expert settings, and would at the same time close the opposite pending trade.

A second request would be if you could add several optional TP exit levels based on the Fibonacci extensions from the entry? I guess at that point it could be a stand alone expert for trading the One-Trade-a day strategy.

If you'd like to talk more about the details I'd welcome a pm. Thanks again for the use of your Trade Manager.
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