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Multi-purpose trade management EA

  • #281
  • Oct 18, 2009 3:45am Oct 18, 2009 3:45am
Hello Steve,
The setings are intended to achieve the following:
(1) Manage A trade basket (2) Basket TProfit = $8,000.00 (if hit close all trades, open & Pending); (3) Basket SLoss =
-$1,000.00; (4) Close All Trades (open & pending) if Maximum Loss or basket SLoss is hit i.e. Shirt set to -$1,015.00 (5) Jumping Stop Set at $180.00 increments ( profit 180.00=> SL 0.00; profit 360.00=>180.00; ptrofit 540=>SL 360.00 etc. up TProfit limit of $8,000.00)

#Current MultipUrpose Trade Management Settings that have been set (All others are left at Default):

ManagebyTradeComment : True
TradeComment : MyOwnCommentFromMyExpert
ManageThisPairOnly : False
ManageAllTrades : true
GlobalOrderClosureEnabled : True
IncludePendingOrdersInClosure : True
ProfitInDollars : True
DollarProfit : 8000.00
ManageBasketTrades: True
BasketClosureTP : True
BasketTPinDollars : true
BasketDollarsTP : 8000.00
BasketClosureSL : true
BasketSLinDollars : true
BasketDollarsSL : -1000.00
BasketJumpingStopProfit : 180
ShirtProtection : true
MaxLoss : -1015.00
IncludePendingClosure : true


# If there is some settings I have that are incorrect plese correct. I have gone through 19 pages & manual. It would be nice if for instance sucessful users would post the settings the use to achieve a particular end. he Utility is of such versatilty that Such actions would no doubt unearth the most efficien means of use.

Bless.
  • #282
  • Oct 18, 2009 6:22am Oct 18, 2009 6:22am
Quoting pathumracled
# If there is some settings I have that are incorrect plese correct. I have gone through 19 pages & manual. It would be nice if for instance sucessful users would post the settings the use to achieve a particular end. he Utility is of such versatilty that Such actions would no doubt unearth the most efficien means of use.

Bless.
These look about right. There is some doubt about the basket jumpingtrailing stop functions. Some say they work; others say they do not. The problem is that basket upl's change so rapidly it is difficult to spot whether the functions are working or not, and I don't care because i don't use them.

I hope they work for you.

  • #283
  • Oct 18, 2009 9:19am Oct 18, 2009 9:19am
Quoting SteveHopwood
These look about right. There is some doubt about the basket jumpingtrailing stop functions. Some say they work; others say they do not. The problem is that basket upl's change so rapidly it is difficult to spot whether the functions are working or not, and I don't care because i don't use them.

I hope they work for you.


I will let you know what the exerience is like. If it is within your power you have shown you will help. That is more than I can hope for in this regard

When they work, I'll Upload the settings so it can be a benchmark for anyone wishing to do the same. That way they just cmpare with the Default, and be better able to zoom in on the settings to modify for their needs. The least I can do for now.

Bless.
  • #284
  • Oct 18, 2009 3:57pm Oct 18, 2009 3:57pm
Cheers pathumracled.

  • #285
  • Oct 19, 2009 4:53am Oct 19, 2009 4:53am

Steve thank you so much for the replay (email) I am glad you directed me here

I would like to personally thank you for all the work you put in.
Its always a please to come across people such as yourself !

  • #286
  • Oct 19, 2009 5:26am Oct 19, 2009 5:26am
Quoting Ervichov

Steve thank you so much for the replay (email) I am glad you directed me here

I would like to personally thank you for all the work you put in.
Its always a please to come across people such as yourself !

My pleasure. I am going to try to code your request because it makes sense, but am busy with other projects right now. Add a subscription to the thread and you will know when I upload the next version.

  • #287
  • Oct 20, 2009 2:43am Oct 20, 2009 2:43am
Done!
  • #288
  • Oct 20, 2009 5:06pm Oct 20, 2009 5:06pm
Quoting pathumracled
Hello Steve,
The setings are intended to achieve the following:
(1) Manage A trade basket (2) Basket TProfit = $8,000.00 (if hit close all trades, open & Pending); (3) Basket SLoss =
-$1,000.00; (4) Close All Trades (open & pending) if Maximum Loss or basket SLoss is hit i.e. Shirt set to -$1,015.00 (5) Jumping Stop Set at $180.00 increments ( profit 180.00=> SL 0.00; profit 360.00=>180.00; ptrofit 540=>SL 360.00 etc. up TProfit limit of $8,000.00)

[b]#Current MultipUrpose Trade Management Settings that have...
Hello Steve,
Thanks a bundle. I have been putting the utility through its paces with the above stated objectives.

The Following Changes are required:
## BasketDollarsSL : -1000.00 (Change to +1000.00, this is a MUST as EA interprets the value as a loss) _ a negative value is input, all trades will continually be closed as they are entered; message: "Basket SL hit, so the trades were closed"

## BasketAdd BEP : True
## BasketBreakEvenProfit : 80

(BEP is based off Jumping step. Care should be taken not to “choke” the initial move of the basket. The market has to wave forward and back so if you follow too close you will likely get stopped out prematurely. This is also dependent on the timeframe of the charts your individual EA's are placed on. In my case, 180 was my average SL so I placed my BEP at 80. It may different depending on the user's needs)

Additionally Multi Purpose trade Manager can be controlled via:
(1) You either manage By Comment (whatever tag your EA places in the comment field when it places a trade, if it does at all)
(2) Magic Number (all Charts have to have the same magic no. else it will cause problems for the dynamics of the basket parameters.
(3) Set by ticket number if it is only one trade being monitored. This last one is not pertinent to basket or group pair/trading but just for completeness it was added.

So! There my $0.02, I trust this will make the move easier for the next person wishing to utilize this excellent utility, for the purpose of managing their trading basket.

Much thanks to all the contributors thus far and kudos to the indefatigable humanitarian we know as Steve Hapwood. YES, it has been working for me so far, just have not had a basket TP or SL hit as yet but the jumping SL has been working in fine fettle.

Cheer to you Sir.

Bless.
  • #289
  • Oct 20, 2009 5:30pm Oct 20, 2009 5:30pm
Quoting pathumracled
Hello Steve,
Thanks a bundle. I have been putting the utility through its paces with the above stated objectives.

The Following Changes are required:
[color=black][font=Verdana]## BasketDollarsSL : -1000.00...
Folks, this is one of the most breathtakingly brilliant bits of bug-spotting I have come across. Reading another coder's code is notoriously difficult to do. mtpm is hellishly complicated to follow because it has so many functions.

pathumracled, I have removed the line of code that caused the problem (bid = -bid)

To make sure the input is a negative value, I have added this to init()
if (BasketDollarSL > 0) BasketDollarSL = -BasketDollarSL;

Cheers for a fantastic contribution.

Update available from post 1.

  • #290
  • Oct 20, 2009 6:46pm Oct 20, 2009 6:46pm
Quoting SteveHopwood
Folks, this is one of the most breathtakingly brilliant bits of bug-spotting I have come across. Reading another coder's code is notoriously difficult to do. mtpm is hellishly complicated to follow because it has so many functions.

pathumracled, I have removed the line of code that caused the problem (bid = -bid)

To make sure the input is a negative value, I have added this to init()
if (BasketDollarSL > 0) BasketDollarSL = -BasketDollarSL;

Cheers for a fantastic contribution.

Update available from post 1.

Hello Steve,
You have lead by example, it is also true that... by our fruits we are known.

The more I give the more I get, so thanks to you all, special metion made here of Mr. Steve Hopwood.

Bless!
  • #291
  • Oct 20, 2009 7:02pm Oct 20, 2009 7:02pm
Quoting pathumracled
Hello Steve,
You have lead by example, it is also true that... by our fruits we are known.

The more I give the more I get, so thanks to you all, special metion made here of Mr. Steve Hopwood.

Bless!
We have a saying here in the UK: what goes around comes around.

I suppose this should more accurately read: what I send around comes back to me. The original is more pithy.

I do not always succeed in living my life by this credo - I am prone to expressing frustration, as some in these boards have experienced - but I do the best I can.

I manage it most of the time. Thanks for your kind words.

  • #292
  • Oct 21, 2009 8:14am Oct 21, 2009 8:14am
Hello All,
The settings discussed earlier have proved to be proper, for basket trading. This morning, one hour on either side of London's opening, provided sufficient opportunities for testing. we experienced the proper functioning of both the "ShirtProtection" and the BasketSL. The only other thing remaining is for the BasketTP. That has been set in train and we should have a report on that feature shortly as well. If that works then all of the requirement s for basket trade management would have been check.

Sorry Steve, I have DL'd the latest M-PTM version, but I wanted to keep the test conditions constant so I have not put that into action yet. As soon I witness the proper operation of the Basket TP, I will migrate to the latest version. Againe we thank you. Whilst we are on that, is there any other way of making the M-PTM recognise trades other than by "Magic Number", "Comment" or "TicketNo" ? These are useful but the limit the ability to use multiple EA's in your basket, with a single instance of the M-PTM. So, since we have limitations on processing power and memory (most of us), if another means was possible as how Trader101, does it in "ProtectAccount" (Sir Julius an input if you can), then this minor restriction on the Utility could be relaxed. This is just throwing it out for a point of discussion etc.

The experience this morning with the opening of London has caused me to throw out this request, for those among us who are this capable. I can Trade and I can Test as clinically as the other Trader however, outside or recognising that a set of text may be from an EA's source code, I cannot code. i have Ideas however I have to wait for opportunities to collaborate such as these. Proposal:

The Development of An EA to be used as a monitoring/recording utility for basket Trading or trading account details in general viz:

Required features:

(1) Collect & Store or even print out the data on the MT4 trade window/tab (to a Pop-Up like used in the Multipurpose trade Manager; this by the way is an excellent feature, it helps to analyze the pots of operation of the basket etc.) Info include
Balance; Equity(current); Margin; FreeMargin; Profit & Number of open trades
(2)Also via the use of Global variables "HighestEquity" & LowestEquity" at the time the equirey/chack was made.

(3) This trade data could optionally be printed to a Log file, at intervals specified by the user or based on the T/F to which this solution utility would have been attached.

If this were to be made available, (I ask of the other trades, as Mr. Hopwood is more than occupied with the challenges of perfecting the M-PTM), IMHO then the scene of group/Basket trading would be advanced by at least 1/2 a light years. This is because, this trade data mentioned before, would be invaluable to the trader (every & Any), removing the need to guess basket stop losses etc., as one could easily use the log file data to populate a spreadsheet. From there the analytical possibilities and the benefits all base on forward/real time data would be an excellent enhancement to even the art of A optimization.


So, thank you for sharing and I hope it will sufficiently motivate a sufficiently skilled coder amongst us to get it from the idea to the "IDEA.mq4" stage


Bless!
  • #293
  • Oct 21, 2009 3:40pm Oct 21, 2009 3:40pm
Quoting pathumracled
[color=black][font=Verdana]Whilst we are on that, is there any other way of making the M-PTM recognise trades other than by "Magic Number", "Comment" or "TicketNo" ?...
pathumracled & Ervichov, in slightly different ways and for slightly different reasons, you have both asked me the same this week. I looked at the problem this morning, and quickly found that what you want is impossible to achieve without a major rewrite.

mptm started life over two years ago, as an ea to move my stop losses for individual trades in jumps rather than the trailing stop offered by mt4. I gradually added functions as I felt the need for them. Eventually, I figured that others might be able to use it as well.

Once I published it back in the summer of 2008, others chimed in with requests. Then basket trading hove into view and I added functions to deal with this.

Code that builds up on an ad-hoc basis in this way, becomes harder and harder to modify the more complex it becomes. The chances of the law of unintended consequences kicking in increase exponentially with each added layer. For example, I am not entirely certain that my latest developments is hidden stops and tp's and hedging will not clash. Frankly, I am just keeping my fingers crossed.

Were I to start again and rewrite the manager, then the code would be completely different. I am not going to do this, as it would take months. When I need another instance of the manager, I simply load up another. This is what you will have to do.

  • #294
  • Oct 21, 2009 4:38pm Oct 21, 2009 4:38pm
Quoting SteveHopwood
pathumracled & Ervichov, in slightly different ways and for slightly different reasons, you have both asked me the same this week. I looked at the problem this morning, and quickly found that what you want is impossible to achieve without a major rewrite.

mptm started life over two years ago, as an ea to move my stop losses for individual trades in jumps rather than the trailing stop offered by mt4. I gradually added functions as I felt the need for them. Eventually, I figured that others might be able to use it as well.

Once I published it...
Hello Steve...
We understand, both from the technical nature of the thing and as well, you have given your share. I hope that we may be blessed with others who can similarly contribute.

By the way just as a comment what do you think of the IDEA.mq4 in the earlier post?

Not for you to do, but interms of value as a utility? It would be a huge complement to forward testing. For instance I currently do soemething of the sorts manually and by looking at average tabulated range between the highest and lowest Floating P/L levels, confirms where I can expect to have a basket TP.

Additionally, 50% of the tabulated range of the account's highest and lowest equity spread, idicates a price directed basket Jumping stop level. That sort of information could be automatically had from that "IDEA.mq4"

Your thoughts perhaps? or of those who are so minded?

Great job, on your leg of the relay Steve.

Bless
  • #295
  • Oct 22, 2009 12:14am Oct 22, 2009 12:14am
Hi stevehopwood i just want to say that you have a great ea and i use it daily. I was just wondering would this ea be able to run on Metatrader 5 when it comes out or will it need to be reprogrammed? I know it will be a while before it comes out but I only ask that because i use this ea daily as part of my trading. Thanks
  • #296
  • Oct 22, 2009 4:02am Oct 22, 2009 4:02am
Quoting ebpippin
Hi stevehopwood i just want to say that you have a great ea and i use it daily. I was just wondering would this ea be able to run on Metatrader 5 when it comes out or will it need to be reprogrammed? I know it will be a while before it comes out but I only ask that because i use this ea daily as part of my trading. Thanks
We will not know until mt5 comes out. Most releases of new software platforms are backward-compatible - think about Microsoft Windows. Mt5 will suffer mass rejection if it is not, as we all have so much stuff written for mt4.

Also, we do not have to upgrade automatically to every new thingy. SS IBFX went onto that ridiculous 5 digit quote system 6 months ago. I was lucky enough not to update the platform that trades my KG Range robot; this still shows 4 digit quotes and I resolutely refuse to update because this makes my life so much easier.

Mt5 will get nowhere near any of my live accounts until it has proven itself on demo.

  • #297
  • Oct 22, 2009 9:48am Oct 22, 2009 9:48am
Quoting SteveHopwood
We will not know until mt5 comes out. Most releases of new software platforms are backward-compatible - think about Microsoft Windows. Mt5 will suffer mass rejection if it is not, as we all have so much stuff written for mt4.

Also, we do not have to upgrade automatically to every new thingy. SS IBFX went onto that ridiculous 5 digit quote system 6 months ago. I was lucky enough not to update the platform that trades my KG Range robot; this still shows 4 digit quotes and I resolutely refuse to update because this makes my life so much...
Hi Steve,

I'm also partial to my 4 digit IBfx live account, they do have both 4 or 5 digit servers for demo accounts. Though their goal as made public earlier is to completely move to 5 digit quotes in the near future, but do to the Fico/SEC recent new rules. IBfx will hold off on the 5 digit quotes as to not overwhelm customers with too many changes.

One can use the 4 or 5 digit IBfx servers when setting up a demo account:

mt4-demo2.ibfx.com = IBFX-MT4 Demo-2_4 decimal server

mt4-demo1.ibfx.com = IBFX-MT4 Demo-1_5 decimal server

By the way I have been trying the MT5 platform and so far there are some things I'm liking about it (the more various time frames) but I'll actually have to give it a big two thumbs downs for now.

I don't even want to get into how much it will screw with EA's & various trading strategies (it's a nightmare). LOL!...

You can test the MT5 beta for free, use link below:
http://www.metaquotes.ru/files/mt5setup.exe

Other link of possible MT5 interest:
http://metatrader5.blogspot.com/
Attached Image(s) (click to enlarge)
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  • #298
  • Oct 22, 2009 10:15am Oct 22, 2009 10:15am
Cheers Aad. Most useful and helpful.

  • #299
  • Oct 26, 2009 6:33pm Oct 26, 2009 6:33pm
Anybody considering an account with eglobal (Forex 4 u) need to read this thread at http://www.forexfactory.com/showthre...=1#post3177963

  • #300
  • Oct 26, 2009 8:07pm Oct 26, 2009 8:07pm
I got this error message "EURJPY sell trade. Jumping stop function failed to set SL at breakeven, with error(130): invalid stops" with the latest EA.

These the setting on the EA:-
extern string JSL="Jumping stop loss settings";
extern bool JumpingStop=true;
extern int JumpingStopPips=300;
extern bool AddBEP=true;
extern bool JumpAfterBreakevenOnly=true;
extern bool HideJumpingStop=false;

extern string TSF="Tightening stop feature";
extern bool UseTigheningStop=true;
extern int TrailAt50Percent=100;
extern int TrailAt80Percent=150;

extern bool HideTakeProfitEnabled=true;
extern int HiddenTakeProfitPips=100;

extern string hs="----Hedge settings----";
extern bool HedgeEnabled=true;
extern int HedgeAtLossPips=100;
extern double HedgeLotsPercent=50;
extern int HedgingIncrementPips=100;
extern int HedgeTradeStopLoss=0;
extern int HedgeTradeTakeProfit=0;
extern bool CloseAtBreakEven=true;


Anyone have the same error?
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