Multi-purpose trade management EA | Page 13 | 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

  • #241
  • Aug 28, 2009 1:15am Aug 28, 2009 1:15am
Quoting flyer415
Steve,

Can I use an instance on EJ and use trade by comment to manage the basket. Then open another instance on GJ, use trade by comment and manage the mini-basket or group. There are 3 groups within the basket. Sometimes i trade all 3 groups and the entire basket at the same time. Yes there is obvious redundancy in that I have multiple positions on symbols with different trade comments.
Yes, you can.


Quote
Also, I noticed that the zip file EA is not the same as the standalone file. I had downloaded the zip file and could not find the basket features. I did find the basket features in the standalone file. Not sure if this was intentional or not.
The latest version is always the standalone file. The old one is in the zip because I never get around to removing it.

  • #242
  • Aug 29, 2009 9:40am Aug 29, 2009 9:40am
Hi Steve,

Thanks for sharing this wonderful tool. I've been looking for an EA since a very long time that can perform a simple thing:

Example: When price is +60 pips, move stoploss to +50 and then activate trailing stop of say +15.

I tried to do that using your ea but I don't think it's possible, is it? what are the settings?

Many thanks for your help...
  • #243
  • Aug 31, 2009 4:58am Aug 31, 2009 4:58am
Quoting sayopips
Hi Steve,

Thanks for sharing this wonderful tool. I've been looking for an EA since a very long time that can perform a simple thing:

Example: When price is +60 pips, move stoploss to +50 and then activate trailing stop of say +15.

I tried to do that using your ea but I don't think it's possible, is it? what are the settings?

Many thanks for your help...
Breakeven = true
Breakevenpips = 60
Breakevenprofit = 50

TrailingStop = true
TrailingStopPips = 15
TrailingStopAfterBreakevenOnly = true
  • #244
  • Sep 3, 2009 2:21pm Sep 3, 2009 2:21pm
Quoting pathumracled
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. This is particularly when applied to basket trading, there the user could set a predefined, Stop Loss or Take profit level after which either (a) all EA's are closed out along with all trades at that point - may need some redundancy to reduce the tendency of trades to be entered there after, since command is not instantateous or (b) close the MetaTrader...

This may be of help:

http://www.forexfactory.com/showthread.php?t=70597
  • #245
  • Sep 7, 2009 12:33pm Sep 7, 2009 12:33pm
Hey Steve, had a question on the way your Breakeven works.

I had a Sell order open and your EA set to;
Breakeven = true
Breakevenpips = 22
Breakevenprofit = 21

the ASK price went to -25 lower than OrderOpenPrice but your EA didn't modify the order to move SL to -21. Do I have to take into account the spread? On G/U spread is 4 so would the Breakeven been activated at -26? Should we account for that and set these settings instead?;
Breakeven = true
Breakevenpips = 18 (22-4)
Breakevenprofit = 21

Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #246
  • Sep 7, 2009 1:27pm Sep 7, 2009 1:27pm
Quoting matrixebiz
Hey Steve, had a question on the way your Breakeven works.

I had a Sell order open and your EA set to;
Breakeven = true
Breakevenpips = 22
Breakevenprofit = 21

the ASK price went to -25 lower than OrderOpenPrice but your EA didn't modify the order to move SL to -21. Do I have to take into account the spread? On G/U spread is 4 so would the Breakeven been activated at -26? Should we account for that and set these settings instead?;
Breakeven = true
Breakevenpips = 18 (22-4)
Breakevenprofit = 21

Thanks
Truth to tell, matrixebiz, I just don't know.

The function in question was one of the first I wrote in mql4. Even a cursory glance at the code will show:

 

  1. There is no error trapping.
  2. Error trapping would not work because the OrderModify function is called incorrectly - with an integer not a boolean holding the result of the call.

Frankly, it is a miracle when some of the routines work at all. I was doing my usual thing of learning a coding language by writing a program. The upside of this is: I get what I want up and running quickly. The downside is what your post is showing up.

Next time I am bored and have no other programming to do, going through mtpm's code and correcting some of the existing insanity is first on the to-do list.

Some contributors have kindly praised mtpm as being one of the best available. I dread to think how bad the rest must have been.

  • #247
  • Sep 7, 2009 2:59pm Sep 7, 2009 2:59pm
Quoting SteveHopwood
Truth to tell, matrixebiz, I just don't know.

The function in question was one of the first I wrote in mql4. Even a cursory glance at the code will show:

 

  1. There is no error trapping.
  2. Error trapping would not work because the OrderModify function is called incorrectly - with an integer not a boolean holding the result of the call.

Frankly, it is a miracle when some of the routines work at all. I was doing my usual thing of learning a coding language by writing a program. The upside of this is: I get what I want up and running...

OK, just checking I've modified it and I'll see how my version behaves. You've done more work on the JumpingStop stuff so hopefully that part is working correctly
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #248
  • Sep 10, 2009 1:47am Sep 10, 2009 1:47am
I have made some revision to the Jumping Stop function. Details in the update section of post 1.

  • #249
  • Sep 23, 2009 9:50pm Sep 23, 2009 9:50pm
Hi,
Can you please give the correct settings for the scenario below. However hard I tried, it is not working as per my criteria

Lots traded - 3.0
Breakeven +1 = 20 pips

Jumping stop= 40 pips
( close 1.0 lot )

rest 2.0 lots - Breakeven( or jumping stop ) at 20 pips now
Price goes to 60 pips ...
1.0 lot close

Balance 1.0 lots at breakeven or jumpingstop= 40 pips

Price goes to 100 pips now
Jumping stop = 60
( should not close the last lot--until stopped out)

Price goes to 120 pips
Jumpimg stop =100

Is this possible? Thanks for helping me out and hope this will be useful to others as well
Thanks
https://freshnews.top
  • #250
  • Sep 24, 2009 1:23am Sep 24, 2009 1:23am
Quoting ff34
Hi,
Can you please give the correct settings for the scenario below. However hard I tried, it is not working as per my criteria

Lots traded - 3.0
Breakeven +1 = 20 pips

Jumping stop= 40 pips
( close 1.0 lot )

rest 2.0 lots - Breakeven( or jumping stop )...
It looks as though you are trying to use an incremental jumping stop. The ea does not have this functionality, and so cannot perform as you would like.

  • #251
  • Sep 26, 2009 10:01pm Sep 26, 2009 10:01pm
Hello Steve.

EA works very nice. I am testing it an FX Pro real account.
Regards
Angel
  • #252
  • Sep 29, 2009 7:58am Sep 29, 2009 7:58am
I have added functions to allow users to hide the stop loss and take profit.

It seems to be working ok on demo, so sing out if any bugs crawl out of the woodwork.

  • #253
  • Sep 29, 2009 9:53am Sep 29, 2009 9:53am
Quoting SteveHopwood
I have added functions to allow users to hide the stop loss and take profit.

It seems to be working ok on demo, so sing out if any bugs crawl out of the woodwork.


Thanks Steve,
much appreciated.
Any chance of Functionality to Diable all EA's including itself Yet? IMHO that would complete the circle in using the utility manage Account and trades.

Just a follow-Up. Last time you said there was no reliable way you know, to have an EA (a) disble all trade (b)diable all EA's if hell was approaching.

Bless.
  • #254
  • Sep 29, 2009 2:22pm Sep 29, 2009 2:22pm
Quoting pathumracled
Thanks Steve,
much appreciated.
Any chance of Functionality to Diable all EA's including itself Yet? IMHO that would complete the circle in using the utility manage Account and trades.

Just a follow-Up. Last time you said there was no reliable way you know, to have an EA (a) disble all trade (b)diable all EA's if hell was approaching.

Bless.
Ddidn't then. Don't now. Sorry.

  • #255
  • Sep 30, 2009 8:04pm Sep 30, 2009 8:04pm
Quoting SteveHopwood
I have added functions to allow users to hide the stop loss and take profit.

It seems to be working ok on demo, so sing out if any bugs crawl out of the woodwork.

Thanks Steve. May i know the part code you add in to hide SL & TP from broker..
  • #256
  • Oct 1, 2009 12:39am Oct 1, 2009 12:39am
Quoting ivanyong
Thanks Steve. May i know the part code you add in to hide SL & TP from broker..
Download from post 1. Details in the update section.

  • #257
  • Oct 2, 2009 9:56am Oct 2, 2009 9:56am
Hello Steve,

Thanks for your great scripts and the EAs. Very much appreciated.

I like to see the BE and the Jumping Trail SL as the EA is moving it.
With other words, I don't want to hide the SL.
I have in the inputs the hidden SL false, but I still see
only the original SL.

Can you advise what I should do?

Thanks again.
  • #258
  • Oct 2, 2009 6:40pm Oct 2, 2009 6:40pm
Hello steve after severals months of research I find your EA and let me tell you is almost perfect and may need an EA as my own to identifying the right trade trend.
You post your great EA for free and so many peoples like me take advantage about and I feel owe you my EA.
If you can merge both we can achieve the most powerful EA ever seen but is a pity, this page won't let me reach you.
Regards
Angel


[/quote]
  • #259
  • Oct 3, 2009 12:04am Oct 3, 2009 12:04am
Thank you very much for sharing your EA. I have had great results with it in demo, once I tuned it to my liking.

There is one feature I would like changed, however. Could you please look into it or guide me on how to change it? I would like to have the jumping stops in effect even before we hit b/e or even perhaps before we even get into positive pips. Trading daily charts, I need a wide berth in order to best catch the overall trend. Have jumping s/l begin from the beginning, so to speak, would help me mitigate my risk somewhat.

In addition, I was wondering if the jumping stops feature is active on the broker platform stop-loss, or if it can take it's data from the new, hidden stop-loss input?

Kind Regards,
  • #260
  • Oct 5, 2009 6:32am Oct 5, 2009 6:32am
Hey Steve,

Thanks for a great tool.
Do you think that it would be easy enough to add additional breakeven levels defined manually?
Say 1st BE is when trade goes x pips towards TP level and BEP is set to y.
Now this trade goes even more towards TP and then I'd like to have a second level which when hit, will move SL to the 2nd BE with additional profit BEP2. Jumping stop loss would help, but it uses the same BEP number taken from Breakeven option.

I'd like to use it this way: TP=100p, if 70p hit->move to BE +5p, if 90p hit->move SL to 50p

Haven't figured out the code enough to get it working as desired.
Hope you can help.

Thanks.
1 trader viewing now