Multi-purpose trade management EA | Page 10 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

BASKET TRADE Management: Using multiple trade management EA's on basket trades 11 replies

Alternative Trade Management/Money Management Methods 3 replies

multi-purpose Stoch Alert 11 replies

Successful Trade Management / Risk Management 0 replies

Trade Multi ECN accounts on Multi Brokers ? 1 reply

Attachments: Multi-purpose trade management EA
Exit Attachments

Multi-purpose trade management EA

  • #181
  • Jun 22, 2009 5:16pm Jun 22, 2009 5:16pm
That was anther oops moment. I thought I had added the relevant line of code, but in actuality I hadn't. Again. Hey ho.

Try the latest and see if it works properly.

  • #182
  • Jun 22, 2009 6:40pm Jun 22, 2009 6:40pm
Quoting SteveHopwood
That was anther oops moment. I thought I had added the relevant line of code, but in actuality I hadn't. Again. Hey ho.

Try the latest and see if it works properly.

Hehe, ok.. testing it now
  • #183
  • Jun 22, 2009 6:59pm Jun 22, 2009 6:59pm
I will get there, eventually. I really enjoy programming, yet am useless at it.

That is perhaps a little unkind to myself; what I find really hard is working out what to code, not how to code it.

Hey ho. What I won't do is let a programming problem beat me once I decide I want to make a function happen.

  • #184
  • Jun 22, 2009 7:03pm Jun 22, 2009 7:03pm
Quoting SteveHopwood
I will get there, eventually. I really enjoy programming, yet am useless at it.

That is perhaps a little unkind to myself; what I find really hard is working out what to code, not how to code it.

Hey ho. What I won't do is let a programming problem beat me once I decide I want to make a function happen.

Hey you're very good don't beat yourself.. I can't program.. but I can help with the "what to code" part, hehe..
  • #185
  • Edited 9:16pm Jun 22, 2009 9:12pm | Edited 9:16pm
Hmm... I think there's still a bug.. it keeps hitting the 50% tightening stop prematurely..

I set a 21 pips normal trail, but before it even hit 50% (at 14 out of 60 pips target) it triggered the 50%'s tighten stop.. hmm..

If i take the low or high (depending on long or short) of the candle and minus the Stoploss set by the EA I should roughly get the trail amount that it tries to set right? In order to check if it's setting the trail correctly..
  • #186
  • Jun 24, 2009 7:40pm Jun 24, 2009 7:40pm
Is it possible to set the break even point at minus (-5) pips say, using this EA. It is not realy break even, however there are situations where the price goes in your trade direction, then drops often to your entry point, and then moves again in your direction. Because of the spread you are taken out of your trade. Would appreciate an answer.
  • #187
  • Edited 10:12am Jun 29, 2009 1:52am | Edited 10:12am
Hi Steve, and all users of this wonderful tool.

Steve, your work here is SO appreciated - I really can't thank you enough, mate.

I have a little question for you: is there a way, not using the basket settings, to lock in a dollar profit across a group of trades? I like to use the ManageAllTrades parm to capture all goings-on (for a "basket style" group of trades that I add to, remove from, monitor and tweak), and I look for global dollar profits (via Global Order Closure), and set the Shirt-Protection initially as a dollar stop-loss, again, across all open trades. Problem is, in the rough n tumble of it all, I frequently forget to set TradeComment or MagicNumber so as I could use the basket facilities . That's why it's easier for me to use ManageAllTrades - it captures everything....

Anyhoo, really, I'm just happy most of the time with the Global Order Closure as a take profit, the Shirt-Protect to protect initial dollar loss (which I also slide up to a setting of -$1 as a proxy dollar BE), but what I don't have, outside of the basket facilities, is a dollar profit protect.

Say I'm up $500 net on all of my trades, and want to lock in $200 across the "basket", what should I do? I can't set the Shirt-Protect to a positive number, so would it be possible to allow that in the code?

Another option, as I see it from my very limited scripting/coding experience, and with all humbleness suggest, might be to allow the basket trades components to be activated/enabled by the use of ManageAllTrades as well as the Manage by Comment/Magic Number toggles.

Does this make sense? Hope so!

Love to hear from you, or others, if there's any ideas floating around.

Once again, thank you for your work.
  • #188
  • Jul 1, 2009 5:07am Jul 1, 2009 5:07am
Quoting ToeCutter
Hi Steve, and all users of this wonderful tool.

Say I'm up $500 net on all of my trades, and want to lock in $200 across the "basket", what should I do? I can't set the Shirt-Protect to a positive number, so would it be possible to allow that in the code?
Hi, I think you can set the basket jump option at $300 and set your basket break even to $200 and set add break even to jump option to true to achieve that now..
  • #189
  • Jul 1, 2009 7:36am Jul 1, 2009 7:36am
Quoting andytan
Hi, I think you can set the basket jump option at $300 and set your basket break even to $200 and set add break even to jump option to true to achieve that now..
Thanks for the reply, Andy: yes, I'm aware of the functionality of the various settings within the basket section of the code, but due to rapid trade entry and exit, and the "group" nature of my trading - due to which which I frequently find it difficult to enter the Comment or MagicNumber settings correctly - I'm trying to find an alternative way to lock in dollar profit by either:

1) Allowing the Shirt Protect setting to be a positive number

2) Allowing the ManageAllTrades setting (if=true) to toggle "on" the various basket settings so that I can, as you say, use the dollar profit protect, jumping dollar settings etc that the basket section allows. This will capture all of my active trades at any given time, and treat them as "the basket". This is the preferable option, I would think.

3) Anything else that will do the trick!

I am not sure my post (#187) above is completely clear, so hopefully his one clarifies my ramblings a bit.

Cheers, Matt.
  • #190
  • Jul 2, 2009 8:43am Jul 2, 2009 8:43am
This EA is just magic. Thankyou very much for the creation and the ability to freely use it. Cheers

Now if i may be so bold.... i do have a suggestion which would help me greatly. Is it possible to add the ability for the hedging to move to your breakeven when breakeven is reached.

Just a quick example if i haven't explained myself correctly. Originally, the hedging function will be set a 'x' amount of pips against your current trade. If you have a breakeven set and it is reached, can the hedging function have the ability to relocate itself to the breakeven level and delete the original pending order? It has worked really well in the past but i have never found anything with the scope of your EA to advance on it.

I would love to hear some feed back.

Cheers again

Brad
Luck is where preparation meets opportunity.......
  • #191
  • Jul 2, 2009 11:04am Jul 2, 2009 11:04am
Quoting Ozzie Taz
This EA is just magic. Thankyou very much for the creation and the ability to freely use it.
Hey Brad, I guess I'd have to be called "Ozzie Vic", so we're not that far apart - 'bout an hour on Qantas! Both asking questions about this wonderful tool, too.. (I'm assuming, of course, that you're located in Tasmania).

My wife and I are coming down soon to play at Barnbougle, and will tie that in with a MIGHTY HAWKS game in Launnie.

Take care - hope we both get more answers soonish...
  • #192
  • Jul 2, 2009 11:05am Jul 2, 2009 11:05am
Quoting SteveHopwood
I will get there, eventually. I really enjoy programming, yet am useless at it.

That is perhaps a little unkind to myself; what I find really hard is working out what to code, not how to code it.

Hey ho. What I won't do is let a programming problem beat me once I decide I want to make a function happen.

hay Steve
anychance you could modify this hilo manager so that when the nxt bars open it will continue to trail the hi or lo of previous bar
Attached File(s)
File Type: mq4 HighLow SL and TP Manager.mq4   2 KB | 906 downloads
  • #193
  • Jul 2, 2009 4:05pm Jul 2, 2009 4:05pm
Hey ToeCutter,

Originally im a Gold Coast boy who currently resides in Malaysia (for my 9 to 5 job). Only here for 3 years though.

I do like VIC though.... it is a nice state. Melbourne has got to be the best city in Australia except for the weather. You guys can keep that

Funny enought but Tassie is the only state/territory that i haven't been too yet. I got the nickname Taz when i joined the RAAF. It has stuck ever since.

Go the lions!! (ofcourse you knew i was going to say that though)
Luck is where preparation meets opportunity.......
  • #194
  • Jul 2, 2009 4:27pm Jul 2, 2009 4:27pm
Quoting Romex
Is it possible to set the break even point at minus (-5) pips say, using this EA. It is not realy break even, however there are situations where the price goes in your trade direction, then drops often to your entry point, and then moves again in your direction. Because of the spread you are taken out of your trade. Would appreciate an answer.

Romex...

For sure it works. Just tested it then. All you have to do is add the ' - ' sign infront of the figure you intend to use.

Brad
Luck is where preparation meets opportunity.......
  • #195
  • Jul 2, 2009 5:21pm Jul 2, 2009 5:21pm
Sorry to ignore individual requests here, guys.

My combined answer to the last few posts is, 'no' for one of the following reasons:

 

  1. Didn't understand the post.
  2. Don't need the feature myself.

This is an EA I am writing for my own use and am making available to others who can use it. I am delighted to find it is indeed of use to others; this is brilliant.

Nearly every time I have responded to an individual request for a function, this has led to frustration because my coding has not worked properly. Andytan's tightening stop is the latest example; so far as I am aware, it still doesn't work properly but I don't need it and so cannot be bothered to sort it out.

In future, I shall respond to individual requests only if I can see a use for the requested function myself. Sorry that this sounds selfish, but there is only one of me but there are a lot of people making coding requests. I have to prioritise somehow.

  • #196
  • Jul 2, 2009 6:14pm Jul 2, 2009 6:14pm
Not a problem. Completely understand and appreciate the time and effort you have already spent developing it.

Thanks Steve

Brad
Luck is where preparation meets opportunity.......
  • #197
  • Jul 2, 2009 6:33pm Jul 2, 2009 6:33pm
Just a quick one.... Has anyone had any luck with the hedging section. IE: Can you get it to work? Im not having much luck with it at the moment and was just wondering if it is user error.

Cheers

Brad
Luck is where preparation meets opportunity.......
  • #198
  • Jul 2, 2009 6:43pm Jul 2, 2009 6:43pm
Quoting Ozzie Taz
Just a quick one.... Has anyone had any luck with the hedging section. IE: Can you get it to work? Im not having much luck with it at the moment and was just wondering if it is user error.

Cheers

Brad
If your criminal (broker) is an American criminal, then hedging will not work. These crooks have banned hedging.

Hedging is now back on my agenda. I have migrated to Alpari UK. Being a non-US criminal, they still allow hedging.

If you want to use hedging, you need to find a non-US criminal. Having said that, I understand that FXDD are ignoring so-called 'NFA rules', so you can always try them.

  • #199
  • Jul 2, 2009 6:45pm Jul 2, 2009 6:45pm
[quote=SteveHopwood;2846960]
Sorry to ignore individual requests here, guys.

no worrys tottaly understand and thanks for sharing your gear
  • #200
  • Jul 2, 2009 6:47pm Jul 2, 2009 6:47pm
Quoting SteveHopwood
If your criminal (broker) is an American criminal, then hedging will not work. These crooks have banned hedging.

Hedging is now back on my agenda. I have migrated to Alpari UK. Being a non-US criminal, they still allow hedging.

If you want to use hedging, you need to find a non-US criminal. Having said that, I understand that FXDD are ignoring so-called 'NFA rules', so you can always try them.



Already done. Im with GoMarkets Australia which do allow hedging so im not sure what im doing wrong? Are the pending orders displayed on the screen when you use it? I have tried several different methods and just can't crack it.
Luck is where preparation meets opportunity.......
0 traders viewing now