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Need Manage EA

  • Post #1
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  • First Post: Apr 16, 2008 2:42pm Apr 16, 2008 2:42pm
  •  Matrixxdg
  • | Joined Feb 2007 | Status: Trade to Live | 369 Posts
Hi All,
I am sure it's here on the forum or elswhere, but I can't find it. I have looked at the e-trailing EA and Manage TP EA, but they both do not have what I need.

I need a simple EA that once the price moves "X" amount of pips, it moves my SL to BE +1 and then trails the trade pip by pip at the number of pips I tell it to.

I do not need it to TP or anything....just let it run with a following trailing SL.

Anyone that has such an animal, I would appreciate it.

Thanks...Mike G
  • Post #2
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  • Apr 17, 2008 3:06am Apr 17, 2008 3:06am
  •  syanwar
  • | Joined May 2007 | Status: Motivated by the fear of mediocrity | 149 Posts
is it what you need?

Only 3 variables to set:

  1. TrailToBEP = true/false option if you just want your order(s) SL to be trailed to BEP only; it will ignore "TrailingPips" below if you set it true.
  2. PipToTrail = after this value of profit in pips, it will start trail you order(s) SL.
  3. TrailingPips = trail SL pips below the most profitable price to take.

Happy Trading & Good Luck my friend!

Attached File
File Type: ex4 TrailingStopToBEP-ea-v10.ex4   3 KB | 878 downloads
Keep your hands up, and use your pant! - FxMatics
 
 
  • Post #3
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  • Jul 15, 2009 2:03pm Jul 15, 2009 2:03pm
  •  amdegia
  • | Joined Jun 2009 | Status: Member | 29 Posts
Guy, can you please provide me with a simple EA which has trailing stop loss and allows scaling the profit targets. Please
 
 
  • Post #4
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  • Jul 15, 2009 3:46pm Jul 15, 2009 3:46pm
  •  pejo
  • | Joined Dec 2008 | Status: Member | 7 Posts
Quoting amdegia
Disliked
Guy, can you please provide me with a simple EA which has trailing stop loss and allows scaling the profit targets. Please
Ignored
Try this code, may be can help you.
Attached File
File Type: mq4 Take Profit and Trailing Stop.mq4   4 KB | 713 downloads
 
 
  • Post #5
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  • Jul 16, 2009 5:15am Jul 16, 2009 5:15am
  •  amdegia
  • | Joined Jun 2009 | Status: Member | 29 Posts
Thanks mate, but how do I scale out, I would like to take some profit once the price moves 20pips, then I want the stop to trail price by 15pips continuosly( profit trailing).
Can this EA do that? Do you have instructions for it.
What is the last setting scaling Profit taking?
 
 
  • Post #6
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  • Jul 21, 2009 2:25am Jul 21, 2009 2:25am
  •  pejo
  • | Joined Dec 2008 | Status: Member | 7 Posts
//---- function for scalping

It is cover for scalping technique and also for take profit.
If you like to have 20pips TP, just change ScalpingTakeProfit = 20;
change TrailingStop = 15.

That all.
 
 
  • Post #7
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  • Jul 21, 2009 8:54am Jul 21, 2009 8:54am
  •  amdegia
  • | Joined Jun 2009 | Status: Member | 29 Posts
This was great... Im currently using your EA. however, do you have an EA, where I can take some profit at a set pip value, eg at 10 pip and then let the rest of the lot run, with a trailing stop.
Eg enter the trade with volume 2,stop at 15 pips away, with trailing stop 15pips, and once 10 pips profit is reached, take one lot of profit and let the other lot run, with the trailing stop of 15pips...
 
 
  • Post #8
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  • Jul 21, 2009 9:53am Jul 21, 2009 9:53am
  •  pejo
  • | Joined Dec 2008 | Status: Member | 7 Posts
try this. hope can help you.
Attached File
File Type: mq4 Take Profit and Trailing Stop.mq4   5 KB | 705 downloads
 
 
  • Post #9
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  • Mar 21, 2011 10:42pm Mar 21, 2011 10:42pm
  •  irrumate
  • | Joined Aug 2010 | Status: Member | 33 Posts
i've been searching for a stepping stop ea with some custom variables. what i'm looking for the ea to do is have a stop loss, trailing stop (stepping) from entry price, and once it hits a certain profit pip, it will set a "break even" to a variable which i can set and the trailing stop gets deleted. for instance:

1. when i enter a trade, a stop loss of 50 pips (or whatever i enter) is set
2. as the price moves up, a trailing stop follows price by 50 pips (or whatever i enter)
3. once the price hits 30 pips (or whatever i enter) above entry, the stop loss gets set to price + 3 pips (or whatever i enter) and trailing stop gets deleted

can anyone help out?
 
 
  • Post #10
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  • Last Post: Mar 22, 2011 12:16am Mar 22, 2011 12:16am
  •  muzza
  • | Joined May 2010 | Status: Member | 227 Posts
Quoting irrumate
Disliked
1. when i enter a trade, a stop loss of 50 pips (or whatever i enter) is set
2. as the price moves up, a trailing stop follows price by 50 pips (or whatever i enter)
3. once the price hits 30 pips (or whatever i enter) above entry, the stop loss gets set to price + 3 pips (or whatever i enter) and trailing stop gets deleted

can anyone help out?
Ignored
MPTM should do what you want, the only thing is that the trailing stop is pip by pip not stepping.

cheers,

murray
 
 
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