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Multi-purpose trade management EA

  • #301
  • Oct 28, 2009 8:00pm Oct 28, 2009 8:00pm
Quoting ivanyong
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...
Hello ivanyong:
Could you please post the settings that you had been using on the
M-PTM when you received this error? Together we may be able to figure it out.

On the captioned, I Have been using the version prior to the last mod, in fact I call it "Multi purpose trade manager290909.mq4" reflecting my DL date. As promised, I was awaiting an opportunity for the Basket TP to operate and the market obliged on one of my accounts today.

So! Mr. Hopwood, I have had the functions as it relates to the Basket settings Tested As Fully Functional . Thank you Kind Sir. 41 Pages is monumental, and a further testament to you selflessness.

I am interested in seeing how the Tightening Stop functions, and if it could be applied to a basket. Could someone please share their use of the ‘stop tightening’ feature please? This as applied to single pairs or with a group. That way i have a springboard.

Bless
  • #302
  • Oct 28, 2009 8:09pm Oct 28, 2009 8:09pm
Quoting pathumracled
I am interested in seeing how the Tightening Stop functions, and if it could be applied to a basket. Could someone please share their use of the ‘stop tightening’ feature please? This as applied to single pairs or with a group. That way i have a springboard.

Bless
Thank you for your brilliant post. Great to know that everything has worked out well for you.

Your posts also mean I shall take notice of you when you find a bug that needs correcting.

Just so you know, the tightening stop loss is a feature requested by a user for single trades. It does not apply to basket trades.

Cheers, and thanks again.

  • #303
  • Oct 29, 2009 9:42am Oct 29, 2009 9:42am
Quoting pathumracled
Hello ivanyong:
Could you please post the settings that you had been using on the
M-PTM when you received this error? Together we may be able to figure it out.

[color=black][font=Verdana]On the captioned, I Have been using the version prior to the last mod, in fact I call it "Multi purpose trade manager290909.mq4" reflecting my DL date. As promised, I was awaiting an opportunity for the Basket TP to operate and the market...
That is the setting i posted above.
  • #304
  • Oct 29, 2009 9:58am Oct 29, 2009 9:58am
Quoting ivanyong
That is the setting i posted above.

Hello vanyong:
Will look and see if my $0.02 can help later. In the same breath though, a note to the user of M-PTM for Basket Trading:

Had an EA that uses only Tailing stops, no TP. Used M-PTM to sucessfully impose missing TP as well as to Hide the TP & SL.

The fact that the SL's or TP's are coming out as designed, means (a) the Broker is not yet hunting My Stops (b) M-PTM is Fully fuctioning as designed. I wil go with (b) until experience informs me otherwise.

By way of information, a trade (individual) TP 140, used with a hIding of 200 and came out at $140+. So I figured that one.

I will abandon the thought of Stop tightening with basket settings, since that was not intially the intention of the utility. The latter (stop Tightening), was just for single trade scenarios.

Bless.
  • #305
  • Oct 30, 2009 2:01pm Oct 30, 2009 2:01pm
Hey Steve, this is my Scenario.
I have a BreakEven on my EA set at +21 pips and a BreakEven Lockin at +19 pips and a Jumping Stop set at +3 pips but due to my brokers MODE_STOPLEVEL for USD/CHF being 8, BESL triggers 8 pips later that what I would like it to, always lagging 8-9 pips behind current price which screws me somtimes when price only gets to like +25 pips and BESL hasent moved yet. I think I emailed you a little while back about BE being triggered later than what I set it to and you weren't sure why, well I figured/realized it is because of brokers MODE_STOPLEVEL not being able to move SL when I wanted it to and where.

Anyways, to my question I can use your Hidden SL feature to internally monitor SL and with BE and Jump set, have it actually close the trade when it virtually does Jump within 3 pips of current price and close trade if drops lower, correct?

So to accomplish what I need would these settings be correct?

extern bool BreakEven=true;
extern int BreakEvenPips=21;
extern int BreakEvenProfit=19;
extern string JSL="Jumping stop loss settings";
extern bool JumpingStop=true;
extern int JumpingStopPips=3;
extern bool AddBEP=false;
extern bool JumpAfterBreakevenOnly=true;
extern bool HideJumpingStop=true;

or will this still not do the Breakeven at the right time? becasue it will still try and physically move BESL?

If so, can you also add an option to hide the Breakeven SL Move as well so the initial SL that I set when I open the trade will stay but everything is handled internally BE and Jumping?

Thank you
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #306
  • Oct 30, 2009 2:11pm Oct 30, 2009 2:11pm
Quoting matrixebiz
Hey Steve, this is my Scenario.
I have a BreakEven on my EA set at +21 pips and a BreakEven Lockin at +19 pips and a Jumping Stop set at +3 pips but due to my brokers MODE_STOPLEVEL for USD/CHF being 8, BESL triggers 8 pips later that what I would like it to, always lagging 8-9 pips behind current price which screws me somtimes when price only gets to like +25 pips and BESL hasent moved yet. I think I emailed you a little while back about BE being triggered later than what I set it to and you weren't sure why, well I figured/realized it is because...
Hehe. I love the way people think I understand the monster I have created and can give chapter and verse for every possible permutation they can come up with.

In reality, I don't use most of the functions I have coded, can't remember what they do and simply pray I do not ever have to alter them.

So, my answer to your question is, no idea. Sorry, but you will have to try it and see.

I hope it works for you.

Cheers matrixebiz. Lovely to hear from you.

  • #307
  • Oct 30, 2009 3:17pm Oct 30, 2009 3:17pm
Quoting SteveHopwood
Hehe. I love the way people think I understand the monster I have created and can give chapter and verse for every possible permutation they can come up with.

In reality, I don't use most of the functions I have coded, can't remember what they do and simply pray I do not ever have to alter them.

So, my answer to your question is, no idea. Sorry, but you will have to try it and see.

I hope it works for you.

Cheers matrixebiz. Lovely to hear from you.

Ok, no problem, I will test, so to make it easier, just wondering if you could add the Hidden StopLoss feature for your Breakeven code just like you have for your JumpingStop code. This way the initial SL never physically gets moved but is kept track of inside your EA instead and gets closed accordinly with the BE/Jump stuff when the time is right.

BTW, thanks for the nice words

Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #308
  • Oct 30, 2009 9:18pm Oct 30, 2009 9:18pm
Quoting matrixebiz

So to accomplish what I need would these settings be correct?

extern bool BreakEven=true;
extern int BreakEvenPips=21;
extern int BreakEvenProfit=19;
extern string JSL="Jumping stop loss settings";
extern bool JumpingStop=true;
extern int JumpingStopPips=3;
extern bool AddBEP=false;
extern bool JumpAfterBreakevenOnly=true;
extern bool HideJumpingStop=true;
matrixebiz: Hello there!
Looking at your setting and the post, let me go off the hunch that they do not work as you wish or lead to profits. If not, please let me down gently

At glance what grabs me is how close the settings are. Even in scalping, the maket has to have a chance to make up it's mind. Some people consider it "going where it will". We cannot force it but rather we have to conform to it and seek to benefit from where it ends up, based on the hindsight of history.

That said, try not to strangle the trade, by getting your stops/ranges too tight. (the program has to have room to execute as they all do so slower than the speed of thought or our best intentions.

The maket has slip, spreads etc, not to mention the matching of our desired price with that availabe from the broker at a given time. May I sugest you just uncrease each you settings by 5 each time, from where they are now, and see if you get them to work by the fourth try.

Spreads I find, on standard pairs (NZDUSD, USDJPY)average 4-5 pips, with slip etc another 5 so outside 10-15 I have found if yor stops and TP are not outside this, you will only have luck in low volatility periods. For the crosses (GBPJPY, AUDCHF etc), may be safe to double this for proper functioning.

Just a suggestion let's see what happens after you try that.

On another note Steve, could you say if how to set the hide TP.

If I need a SL of 140, but wish for it to seem larger via th M-PTM:

AddMissingTakeProfit: True
MissingtakeOrifitPips = 310

HideTakeProfit:True
HiddenTakeProfitPips = 140

Kindly say if this is the way to be taken out on a profit of 140, but appear to need 310?or Is it the other way around? (Switch the 140 7 310 above)

Thanks for the sharing all.

Bless until.
  • #309
  • Oct 30, 2009 9:27pm Oct 30, 2009 9:27pm
Quoting ivanyong
That is the setting i posted above.
Hello ivanyong:

good day, I m no able to help on this matter. I may have to defer to the members with the programing skills. In the interim chech on you SL & TP values to ensure the ones registerd are as desired.

Bless.
  • #310
  • Oct 31, 2009 4:47am Oct 31, 2009 4:47am
Quoting pathumracled
On another note Steve, could you say if how to set the hide TP.

If I need a SL of 140, but wish for it to seem larger via th M-PTM:

AddMissingTakeProfit: True
MissingtakeOrifitPips = 310

HideTakeProfit:True
HiddenTakeProfitPips = 140

Kindly say if this is the way to be taken out on a profit of 140, but appear to need 310?

Thanks for the sharing all.

Bless until.
That is correct. This is the perfect way to combine the missing take profit and hide take profit functions.

  • #311
  • Edited 3:10pm Oct 31, 2009 2:58pm | Edited 3:10pm
Steve, confused a bit on this option;
PipsAwayFromVisualJS: the number of pips away from the stop shown in the
trade you want your real stop. For example, you want a real stop loss of 200
pips and an emergency trade stop of 400, so you set:
• JumpingStopPips = 400.
• PipsAwayFromVisualJS = 200.

Can you explain a little more on what this is actually doing.
I want to use your EA only for the Hidden Jumping Stop feature after BreakEven is triggered. (To bad I couldn't Hide the BreakEven as well and leave the Initial opened displayed SL where it is)

Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #312
  • Oct 31, 2009 3:45pm Oct 31, 2009 3:45pm
Hello everybody,
I wonder if the following is technically possible:

3 (or more) open charts with different pairs are running on the same account .
Same EAs are enabled on all open charts and are waiting for a certain condition to open a trade.
Here comes the special: If a trade is opened on 1 chart, the EAs on the other charts should be disabled until the trade on the first chart is closed.
Something like 'first comes, first served' the rest doesn't get anything.
I would be happy if anybody could comment on that.
Thanks in advance
  • #313
  • Oct 31, 2009 8:01pm Oct 31, 2009 8:01pm
Quoting ex4ex
Hello everybody,
I wonder if the following is technically possible:

3 (or more) open charts with different pairs are running on the same account .
Same EAs are enabled on all open charts and are waiting for a certain condition to open a trade.
Here comes the special: If a trade is opened on 1 chart, the EAs on the other charts should be disabled until the trade on the first chart is closed.
Something like 'first comes, first served' the rest doesn't get anything.
I would be happy if anybody could comment on that.
Thanks in advance
yes easily possible
  • #314
  • Oct 31, 2009 10:00pm Oct 31, 2009 10:00pm
But how?
  • #315
  • Nov 1, 2009 2:46am Nov 1, 2009 2:46am
Quoting ex4ex
Hello everybody,
I wonder if the following is technically possible:

3 or more) open charts with different pairs are running on the same account .
Same EAs are enabled on all open charts and are waiting for a certain condition to open a trade.
Here comes the special: If a trade is opened on 1 chart, the EAs on the other charts should be disabled until the trade on the first chart is closed.
Something like 'first comes, first served' the rest doesn't get anything.
I would be happy if anybody could comment on that.
Thanks in advance
Hello ex4ex:
Is your question here, on Technical Possibility Related to (a) manual Intervention or (b) Automatic as in within the realms of the current capabilities of the M-PTM?

Also by "Closed"did you mean filled of the trade exited? Will procede on the basis of the closed = = exited.

Here, my $0.02 and hopefully among the lines some usefulness can found for my comments:

1) Let us assume that The EA is on all 3 or more charts, the same settings;
Entry<one of three modes Sell or Buy Hence two pending orders or a hedge>
StopLoss-0; TakeProfit-0

Each Pair has its own character and hence the entry position is likely to be met in different ways and times, though all at the same time or one after the other is also entirely possible. We do not know, so we just have to narrow our focus and say what is the condition we need to be met (if market advances 20 pips, Buy; If Market Falls Sell or id there is a 20 pip movement from current both Buy & Sell) for us to enter?

Let’s Say If the market falls 20 pips, Sell then since all settings on the pairs are the same, it is the first one to meet the condition that will be entered. In the world of the markets and the approximation that we cal EA's, first could mean a difference in timing of fractions of a second, if the S/W cannot discern the time difference then they are the same an all will enter simultaneously. Again we don’t know so we frame what it is we would like. Lets assume one is met one minute before the others, that is fine.

It is possible to code that the other charts, by pair or by ticket number or by numbering the EA differently per chart (if the EA uses magic number) or simply say if given time is passed 10, 15, 20, etch for each of the pairs, based on perceived volatility. Say it is perceived EURUSD, GBPUSD, USDJPY are in order of decreased volatility so least volatile get most time. No Guarantees that even this will suffice.

An alarm could be coded into the EA to sound & Pop-up or e-mail when the first entry is made, then one can manually disable the others (if you are physically able to or if there is time separating the conditions being met)

(2) Alternatively, let us assume that the EA is on all 3 or more charts, the different settings settings, possibly derived from you optimizations:
Entry<one of three modes Sell Or Buy Hence two pending orders or a hedge>
StopLoss-(1,2,3..n); TakeProfit-(1,2,3...n), where StopLoss(1) Goes with TakeProfit(1) etc for all your chosen pairs.

This too has endless possibilities as the permutations have been increased exponentially, but again we frame the conditions we need to be met as discussed before. The easiest way you can do it is via manual intervention (if you are unable to code MQ4 as myself) or lean on the generosity of the community.

To code this does not seem to be a small matter and from my reading to the M-PTM thus far, I stand corrected but this capability/request is highly specific / specialized and is yet to be coded.

Hope that helped.

Bless
  • #316
  • Nov 1, 2009 2:59am Nov 1, 2009 2:59am
Hello Steve/All,

The week ends bring rest and the most time to test but unfortunately there is no maket to test the possibilities of the utility. Hence I lean on you collective wisdom and experience. so here goes:

  1. Is there a way to make the M-PTM monitor all trades open on an account (as a basket)?

By this I mean, regardless of 'magic number', 'ticket number', "OrderComment' or 'trade comment'?

  1. How useful will the "ManageAllTrades" feature be in this regard?
  2. Can the M-PTM be made to just manage by any or all of these?


If so, that would be Super B and the means or settings to achieve this would be most welcome.


Bless

  • #317
  • Edited 10:29am Nov 1, 2009 6:35am | Edited 10:29am
Quote
Originally Posted by pathumracled:

Looking at your setting and the post, let me go off the hunch that they do not work as you wish or lead to profits. If not, please let me down gently

At glance what grabs me is how close the settings are. Even in scalping, the maket has to have a chance to make up it's mind. Some people consider it "going where it will". We cannot force it but rather we have to conform to it and seek to benefit from where it ends up, based on the hindsight of history.

That said, try not to strangle the trade, by getting...
Hi, yes I know the settings are tight and have been working but the reason why I think a hidden BreakEven SL move is also necessary is because for example IBFX has a 30pip difference as to where they will allow you to move SL away from Current price so your order needs to be 30pips in profit before you can even move SL to BreakEven, crazyness. So even though my settings are close (Breakeven trigger +22, Breakeven Slide +19 and JumpStop 3) it still allows me to at least bag a minimum +19 pips in case the price reverses at +23 pips to a loss. This setup has been working for me but of couse has been frustrating because price actually has to get so much much higher for me to phyically bag the extra pips so if BE amd JumpStop was hidden, it doesn't need to take into account this minimum gap from open price the broker has (MODE_STOPLEVEL) then the EA can close the trade when price really drops only below 3pip from open price not 30pips away.

So was hoping to make the EA complete if Steve would add the Hidden BreakEven as well.

Thank you
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #318
  • Nov 1, 2009 8:22am Nov 1, 2009 8:22am
Quoting pathumracled
Hello ex4ex:
Is your question here, on Technical Possibility Related to (a) manual Intervention or (b) Automatic as in within the realms of the current capabilities of the M-PTM?

[color=black][font=Verdana]Also by "Closed"did you mean filled of the trade exited?...
Hi pathumracled
Thank you for your reply.
to clarify: I am looking for a possibility to disable EAs on the other charts automatically.
close=exited, your assumption is correct.
The alarm function is what I use right now, than I disable manually the other charts that have not been engaged so far. As the account runs 24H on a server it is impossible to do that for long time.
The EAs have different magic numbers.
The 3 or more EAs have different settings, so it is more like your #2.
I understand that the combination of all possible SL and TP is too complicated to be managed by the M-PTM, and as you said, highly specific / specialized.
Maybe someone can give me a hint where to look for this particular feature?
Thank you
Bernd
  • #319
  • Nov 2, 2009 3:35am Nov 2, 2009 3:35am
Quoting matrixebiz
So was hoping to make the EA complete if Steve would add the Hidden BreakEven as well.

Thank you
'Tis done. Download from post 1.

I haven't tested the function, so sing out if there are any bugs. There shouldn't be, as it is the same code as all the other hidden stop code with a couple of variable names changed, but test it on demo first just to make sure.

  • #320
  • Nov 2, 2009 4:42pm Nov 2, 2009 4:42pm
Hi Steve

I would like to know if there is a way the ea can be set to stop any new trades from opening once a close all has been triggered.
Thanks Penny.
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