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Multi-purpose trade management EA

  • #261
  • Oct 5, 2009 4:34pm Oct 5, 2009 4:34pm
Quoting Pluto2
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.
This was a useful contribution, so thanks, as it reminded me that these routines are not affected by the hidden stop loss, functionality I need to try to code.

Jumpingtrailing stops etc are unaffected by the hidden stop loss function.

  • #262
  • Oct 5, 2009 4:36pm Oct 5, 2009 4:36pm
Quoting BerryBlonde
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,...
The jumping stop is not programmed to kick in before breakeven.

It is active only on broker platform stop-loss - something I need to look into.

  • #263
  • Oct 5, 2009 4:37pm Oct 5, 2009 4:37pm
Quoting tpr
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...
No, sorry. Too complicated.

  • #264
  • Oct 5, 2009 4:45pm Oct 5, 2009 4:45pm
To everyone interested in using this management EA:

I have made a clear mistake with the hidden stop loss thingy.

I have coded it to hide the stop for individual trades unaffected by all the other stop management functions. Once these kick in, the hidden stop becomes irrelevant.

Even as I coded it, I knew the hidden stop thingy was too simple, but ignored my natural instincts. Hey ho.

Over the next few weeks, I will either remove the function or solve the difficulties it has thrown up.

  • #265
  • Oct 5, 2009 6:32pm Oct 5, 2009 6:32pm
Thank you Steve. I will be patiently waiting.....

One more reminder; other people suggested to have an input
for the original SL. I also think it would be fantastic if you added
this input.

I hope I am not asking for too much..

Thanks again for sharing with us the results of your hard work.

Cheers
  • #266
  • Oct 6, 2009 3:44am Oct 6, 2009 3:44am
Quoting Pluto2
Thank you Steve. I will be patiently waiting.....

One more reminder; other people suggested to have an input
for the original SL. I also think it would be fantastic if you added
this input.

I hope I am not asking for too much..

Thanks again for sharing with us the results of your hard work.

Cheers
There already is. Read in the user guide about adding a missing stop loss.

Useful things, user guides, if only people would read them.

  • #267
  • Oct 6, 2009 4:40pm Oct 6, 2009 4:40pm
Quoting SteveHopwood
No, sorry. Too complicated.

For anybody interested, that was easy.
It's a matter of commenting the first parts for buy and sell in jumpingstoploss section (which move it to BE) and leaving only the section with "jumpingstopips *2".
  • #268
  • Oct 6, 2009 4:56pm Oct 6, 2009 4:56pm
Quoting tpr
For anybody interested, that was easy.
It's a matter of commenting the first parts for buy and sell in jumpingstoploss section (which move it to BE) and leaving only the section with "jumpingstopips *2".
Brilliant. I am glad you could personalise this to suit yourself.

  • #269
  • Oct 7, 2009 6:43am Oct 7, 2009 6:43am
I have added hidden stop functions to Jumping and Trailing Stop. Download from post 1. I am as sure as I can be that they are working properly but have not tested them extensively.

As usual, test on demo first and report any possible bugs here.

  • #270
  • Oct 7, 2009 11:12am Oct 7, 2009 11:12am
Hello Steve,

Thank you very very much. Will enjoy testing it.
BTW I did read the instructions, I just misunderstood.

Your sharing is greatly appreciated.

Cheers
  • #271
  • Oct 7, 2009 5:28pm Oct 7, 2009 5:28pm
Quoting tpr
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...
You might want to check if in the THV thread the CaveManager is what you are looking for.
  • #272
  • Oct 8, 2009 7:02am Oct 8, 2009 7:02am
Quoting tpr
For anybody interested, that was easy.
It's a matter of commenting the first parts for buy and sell in jumpingstoploss section (which move it to BE) and leaving only the section with "jumpingstopips *2".
Hi TPR,

I was looking for something like that as well.
Here is how I solved it:

You open more than one trade each with a different target. When a target hits you move your stoplosses.
Or, you can use this EA:
Attached File(s)
File Type: mq4 trade_protector-1.0.mq4   8 KB | 929 downloads
  • #273
  • Oct 8, 2009 3:58pm Oct 8, 2009 3:58pm
Ilovepippin,

Thanks for posting the EA. Where can I find the explanation of the inputs?

Cheers
  • #274
  • Oct 11, 2009 1:20pm Oct 11, 2009 1:20pm
Can you add an email alerts for TP and SL? Thanks Steve for sharing your EA. L
  • #275
  • Oct 15, 2009 4:19pm Oct 15, 2009 4:19pm
The hedging function is now more sophisticated. Download and details from post 1.


  • #276
  • Oct 16, 2009 5:44am Oct 16, 2009 5:44am
Quoting Pluto2
Ilovepippin,

Thanks for posting the EA. Where can I find the explanation of the inputs?

Cheers
http://codebase.mql4.com/6057
  • #277
  • Oct 16, 2009 9:50pm Oct 16, 2009 9:50pm
thanks Steve great work i can see lots of functions in one expert oh that makes things more easy but i have idea want to share it and if you can add it would be nice
simply if i can add sell and buy order volume 0.1 and ofcource i will put target and stoploss now if the sell one opend the expert will cancel the buy order,if the sell hit stop loss the expert automatically open buy volume 0.2 ......etc
it's the complications and we have different ways for the complications it could be 1,2,4,6,8,16 or 1,1,3,5,7. just see if you can do it
thanks
  • #278
  • Oct 17, 2009 3:11am Oct 17, 2009 3:11am
Quoting tamersaid81
thanks Steve great work i can see lots of functions in one expert oh that makes things more easy but i have idea want to share it and if you can add it would be nice
simply if i can add sell and buy order volume 0.1 and ofcource i will put target and stoploss now if the sell one opend the expert will cancel the buy order,if the sell hit stop loss the expert automatically open buy volume 0.2 ......etc
it's the complications and we have different ways for the complications it could be 1,2,4,6,8,16 or 1,1,3,5,7. just see if you can do it
thanks

This method called Martiangle.....
  • #279
  • Oct 17, 2009 4:20am Oct 17, 2009 4:20am
Quoting tamersaid81
thanks Steve great work i can see lots of functions in one expert oh that makes things more easy but i have idea want to share it and if you can add it would be nice
simply if i can add sell and buy order volume 0.1 and ofcource i will put target and stoploss now if the sell one opend the expert will cancel the buy order,if the sell hit stop loss the expert automatically open buy volume 0.2 ......etc
it's the complications and we have different ways for the complications it could be 1,2,4,6,8,16 or 1,1,3,5,7. just see if you can do it
thanks
These are trading functions, tamersaid81, not management functions. You want a trading robot to do this for you. I am sure there are umpteen Martingale robots available if you do a search here at FF.

Out of curiosity, I just Googled "Martingale trading ea". One of the first headings contained this little gem: "Requirement: minimum equity of $2,500 per 0.01 lot traded."

I would forget about it, if I were you.

  • #280
  • Edited 9:16am Oct 17, 2009 8:54am | Edited 9:16am
Quoting SteveHopwood
These are trading functions, tamersaid81, not management functions. You want a trading robot to do this for you. I am sure there are umpteen Martingale robots available if you do a search here at FF.

Out of curiosity, I just Googled "Martingale trading ea". One of the first headings contained this little gem: "Requirement: minimum equity of $2,500 per 0.01 lot traded."

I would forget about it, if I were you.

thank you very much for this reply,i didn't knew that .Martingale.... first time for me never heared .

but to be honest i think the complications is the best way for the forex but you need to be ready and know how you can use it ..... first you have to put the good entry for your trading and second you need big money to cover your self ...
thanks again i will have alook at the forum

ok i just had alook there is abig different between what i need and Martingale what i need is
i will select candle as example 10:00 am i have high and low
orders
buystop high+5
selstopl low-5
i will put traget 40 and stop 30 for both orders ...
buy order is active now i will cancel the sell order and continue with the buy one that active now if i got the target i will close my computer and thanks god if it hit the stop i will sell double amount and keep continue like this very easy method plus if you have enough money cover you you will be safe,and you can choose your complication 1,2,4,8,16 or 1,1,2,3,5.
am sorry if i posted the idea here but if you can help me or any one can tell me if there's EA at the forum i will be glad.
thanks
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