Multi-purpose trade management EA
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.
Ok. Not sure where pendings come into this.
This EA sends hedging orders when an open trade his -x pips. It doesn't send pending orders, it opens an opposite direction trade.
'Tis all in the user guide.
Sorry to ignore individual requests here, guys.
My combined answer to the last few posts is, 'no' for one of the following reasons:
- Didn't understand the post.
- 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...
Thanks for the help again 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...
Sorry to ignore individual requests here, guys.
My combined answer to the last few posts is, 'no' for one of the following reasons:
- Didn't understand the post.
- Don't need the feature myself.
Oops.. sorry Steve.. I have spend the last few days looking at the code.. (tightening part) but due to my very severely limited knowledge.. (I learn from your scripts and example that you attached in the zip file, hehe)
I modified your code a bit and I think I got it working.. But take NOTE I only trade GBPJPY on FxPro (5 digit broker) so it might/will not work properly on any other currency and broker..
...
int Multiplier; if (Digits == 5) Multiplier = 100000; //5 digits else if (Digits == 3) Multiplier = 1000; //3 digits (for Yen based pairs) else if (Digits == 2) Multiplier = 100; //2 digits (for Yen based pairs) else Multiplier = 10000; //4 digits int tp = (OrderTakeProfit()*Multiplier); int op = (OrderOpenPrice()*Multiplier);
Brilliant andytan, and a great example of how enlightened self-interest can benefit others.
The reason my coding of this function worked sometimes but not others is that it was based on faulty logic - a typical example of me having one of my 'logic fuzzies'.
The instant I looked at your code I saw where my logic was wrong. One of the things I often say is that coding mql4 is a doddle, but coming up with the algorithm to code causes me hours of anguish.
Replacing some of your code with this snippet will make the function work for all pairs on...
Thanks Steve!
//Calculate the number of pips in the trade tp int Multiplier; if (digits == 5) Multiplier = 100000; //5 digits else if (digits == 3) Multiplier = 1000; //3 digits (for Yen based pairs) else if (digits == 2) Multiplier = 100; //2 digits (for Yen based pairs) else Multiplier = 10000; //4 digits int tp = (OrderTakeProfit()*Multiplier); int op = (OrderOpenPrice()*Multiplier);
Oops again. The Digits mql4 reserved word needs replacing with digits - the program-wide variable that allows the ea to keep track of the number of digits in the quote.
The advantage of coding it this way is that I am using a word similar to the code word required. The disadvantage is I sometimes forget to remove the caps. The code should read:
[code]//Calculate the number of pips in the trade tp...
Can you make this EA manage other EAs in specified direction by magic #.
Buy only or sell only and cancel all other trades?
No.
Ok, can you add an option to apply one set of MM rules for buys and another set of MM rules for sells?
So I can set it scalp for few pips in one direction and let it run in another?
That opens up even greater possibilities for managing some EAs manually without reprogramming them
Thanks
I could but I won't, only because there are already a bewildering array of inputs and this is a highly specialised requirement. Nothing to stop you learning some coding and making this mod yourself, of course.
What you could do is use different magic numberscomments for buys and sells, then use two mtpm's, one monitoring the buys, the other the sells.
Steve, I found out why the BasketTrail portion is not working... It's the
extern int BasketTrailPercent part.. it should be a double instead of a int.. it keeps making locked profit = 0
You win Star of the Month award.
I win Gormless of the Month.
Again.
Hey ho. Thanks andytan. You have already made the change to your own code; the rest of you, if you want the Basket Trailing Stop feature to work, download the latest from post 1.
I am about to make the same change to the KG Range robot. I hope you know about that one, andytan, as it is bringing in the pips.
Edit: the KG robot doesn't use the basket trailing stop, but make sure you know about it anyway.
hello All,
Steve, thank you for your selfless contributions.
Just giving the utility a run and wondered if you could add an option to further protect account when trades are running the other way....
