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Multi-purpose trade management EA

  • #401
  • Feb 15, 2010 8:09pm Feb 15, 2010 8:09pm
Quoting SteveHopwood
As I added the trailing stop to the BS 5 minute momo bot earlier, I noticed a big bug in the mptm trailing stop function, that impacts on the hidden trailing stop functionality.

There is a fix for this in post 1.

Those of you coding your own enhancements to the robot, go to void TrailingStopLoss()

You are looking for two lines of code, one within the buy conditional, the other within the sell conditional. Because of a double-bug, these are both bool TradeClosed = CheckForHiddenStopLossHit(OP_BUY, PipsAwayFromVisualJS, OrderStopLoss() );

One...
Hi Steve,

I made all the changes and matched the code on this one up with yours so they should be the same as your latest revision with a few extras...

thanks,
David
Attached File(s)
File Type: mq4 Multi purpose trade manager Mod by cacus.mq4   95 KB | 433 downloads
  • #402
  • Feb 16, 2010 3:49am Feb 16, 2010 3:49am
Quoting fiddlinround
Hi Steve,

I made all the changes and matched the code on this one up with yours so they should be the same as your latest revision with a few extras...

thanks,
David
Cheers David. You are a star. This is a fabulous addition to the ea. I have made it the version that people download from post 1 and added an acknowledgement of your work. This makes the ea enormously more flexible and is a big, big step forward.

  • #403
  • Feb 16, 2010 12:55pm Feb 16, 2010 12:55pm
Steve,
i am integrating my own SL exit procedure.

as i look at the code, it seems all pip input values are (at least at 5digit brokers) point values.
so a value of 100 for adding a missing sl, set a sl 10 pips away from the market price.

probably the same with breakevenpips, where your manual speaks about 2 pips where the coding has:
extern int BreakEvenPips=30;
extern int BreakEvenProfit=2;
meaning when 3 pips in profit --> breakeven +0.2 pips

maybe good to clear things up in your pdf, and/or as comment early in the EA that all pipvalues are in points
  • #404
  • Feb 16, 2010 2:03pm Feb 16, 2010 2:03pm
Quoting SteveHopwood
Cheers David. You are a star. This is a fabulous addition to the ea. I have made it the version that people download from post 1 and added an acknowledgement of your work. This makes the ea enormously more flexible and is a big, big step forward.

hi steve & david ,

1st thanks for the update.

just a remark for code like this:
if (OrderSymbol()=="AUDUSD" || OrderSymbol()=="AUDUSDm")

unfortunately there are more brokers who added a suffix to the ordersymbol.

They should NOT do that (my IT background speaking), and ordersymbol should only contain the abbrev of the currency symbols.

But instead i have seen at diff brokers suffixes as m,fx,_fx,mini to name a few.

To prevent this you could use a var and take a substring of ordersymbol() for the first 6 positions and then do the compares. would solve it for all brokers.

http://docs.mql4.com/strings/StringSubstr
  • #405
  • Feb 18, 2010 4:23am Feb 18, 2010 4:23am
Thank You Steve and All for this EA which has turn my Profits becomes Losses around
  • #406
  • Feb 18, 2010 4:41am Feb 18, 2010 4:41am
Quoting huhpapa
thank you steve and all for this ea which has turn my profits becomes losses around
huhpapa

did you use google translator for this. I am confused, what are you saying?
  • #407
  • Feb 18, 2010 4:46am Feb 18, 2010 4:46am
Quote:
Originally Posted by huhpapa http://cdn.forexfactory.com/images/buttons/viewpost.gif
thank you steve and all for this ea which has turn my profits becomes losses around http://cdn.forexfactory.com/images/s.../yim/happy.gif
http://cdn.forexfactory.com/images/s...m/thumbsup.gif

Quoting astral77
huhpapa

did you use google translator for this. I am confused, what are you saying?
Obviously he is thanking Steve for turning his profits into losses -
  • #408
  • Feb 18, 2010 6:32am Feb 18, 2010 6:32am
Quoting macman
Quote:...

OPS NO NO NO ... sorry for my poor english

I want to thank Steve and all who make this great EA.

I was paper trading and most of the time I had profitable trades that turn into a lost. So after using this EA which manage to take profits and get out at Breakeven before it becomes a loser.
The only different is that this EA does not plot an arrow upon exiting. btw How to add the entry and exit arrows?

Thank you all again
  • #409
  • Feb 18, 2010 6:46am Feb 18, 2010 6:46am
Anyone wants profits turning into losses, I am your man.
  • #410
  • Feb 19, 2010 4:42am Feb 19, 2010 4:42am
Someone asked me to add code to stop his 5 digit wally-plonker-dipstick-criminal's server being overloaded by order modifications in the stop loss manipulation functions.

I have added this - post 1 as usual.

Coders with your own personalised versions of mptm, go to ManageTrade(); you will see easily how to add this modification.

  • #411
  • Feb 21, 2010 5:20pm Feb 21, 2010 5:20pm
HI Steve
Thanks for the multi purpose money management expert. Hats off to your coding expertise - it looks like the bees knees if you are a trader.

I am with FXCM -5 digit broker. When I input my pip values, do I add a zero to the end of my stated pips (15 pips becomes 150 etc for breakeven pips etc).

I placed the ea on my pair (ea set to manage all pairs) with trades going severely the wrong way and it did nothing. Only comments on screen is that the robot has been loaded. Are there supposed to be other details displayed on the screen.

Does the robot only apply to newly activated trades AFTER the robot is already installed on the pair or will the robot work on charts as soon as it is activated, including pre-existing trades.

As I have set the robot to manage ALL Trades, does the robot only need to be on one chart of any pair to activate it for all pairs.

I would really appreciate your help as managing my losses is my biggest challenge. After nearly a year, I am still in demo mode. Can you think of something I may be doing wrong.

Thanks
  • #412
  • Feb 21, 2010 6:24pm Feb 21, 2010 6:24pm
Quoting Clancy
HI Steve
Thanks for the multi purpose money management expert. Hats off to your coding expertise - it looks like the bees knees if you are a trader.
...
Dear Clancy

Steve is busy with other commitments (e.g. coding important EAs or Banning traders with silly questions from his trades), so I doubt it very much if he would reply.

Please read POST1 and the PDF instructions. In particular read the bit regarding messing around with the MPTM on a demo account to get a feel for it. FXCM is a ECN Criminal and I suggest you use this EA with a marketmaker Criminal on demo. Then if you still have a problem and are still able to post, please feel free to do so.

Kind Regards
  • #413
  • Feb 24, 2010 3:39pm Feb 24, 2010 3:39pm
Hi,
I have been having a play with the MPTM and I think I have found a misktake in the code. In the function ManageTrade() the line that calculates the number of symbol digits is currently:

int digits = MarketInfo(Symbol(), Digits);

Should it not be this:

int digits = MarketInfo(Symbol(), MODE_DIGITS);

On my platform, Alpari(UK), when I print out the contents of the first statement above I get something like 1236705372. And when I print out the contents of the second statement I get 5, which is correct for my 5 digit broker.

Anyway, I could be completly wrong, or misinterpreting the code, but thought I should share my findings.

As you can see this is my first post on FF, so go easy on me

PeeJay
  • #414
  • Feb 24, 2010 7:43pm Feb 24, 2010 7:43pm
Hi!

Congratulations to Steve and all of you guys who help developing this 5star EA.

Actually I'm in "manual trading" and I think this EA will be of great help. I've read the manual and I can't get it to work for my needs.
I'd want to configure a single TP with a 5 digit broker (Alpari UK). Could you help me on that?

Thanks!

Regards,
LV
  • #415
  • Feb 24, 2010 8:47pm Feb 24, 2010 8:47pm
Quoting peejaywk
Hi,...
Thank you very much for a brilliant piece of blunder-spotting. Your name is added to my 'buddy' list, so you can participate freely in the scooby-doo thread, should you care to do so. If you don't know what I am talking about, then I suggest you find out pdq (look in Trading Systems). Warm round of applause.

The fix is in post 1 as usual, and is an essential download. Sorry, guys.

  • #416
  • Feb 25, 2010 2:11am Feb 25, 2010 2:11am
Quoting SteveHopwood
Thank you very much for a brilliant piece of blunder-spotting. Your name is added to my 'buddy' list, so you can participate freely in the scooby-doo thread, should you care to do so. If you don't know what I am talking about, then I suggest you find out pdq (look in Trading Systems). Warm round of applause.

The fix is in post 1 as usual, and is an essential download. Sorry, guys.

Thanks Steve,
Glad to here that my post was useful. Been following the main scooby-doo thread for a while now, and will soon be going live with the original EA.

The MPTM is also proving to be very useful.

Thanks for all the work you do on FF.

PeeJay
  • #417
  • Feb 26, 2010 1:34am Feb 26, 2010 1:34am
Quoting astral77
Dear Clancy

Steve is busy with other commitments (e.g. coding important EAs or Banning traders with silly questions from his trades), so I doubt it very much if he would reply.

Please read POST1 and the PDF instructions. In particular read the bit regarding messing around with the MPTM on a demo account to get a feel for it. FXCM is a ECN Criminal and I suggest you use this EA with a marketmaker Criminal on demo. Then if you still have a problem and are still able to post, please feel free to do so.

Kind Regards
Thanks Astral. I will do that. I had read the doco but must have missed something. Which is the best marketmaker criminal whose spreads are less criminal?

Again, thanks to Steve for this great EA.
Clancy
  • #418
  • Feb 27, 2010 2:18pm Feb 27, 2010 2:18pm
Hi All,
I am a long time lurker and first time poster!
First and foremost, to Steve I say a big thank you. This is an outstanding tool and I thank you for your kindness in making this available to us. I hope to be able to repay you one day in the same way.

I have a question I am hoping someone can shed some light on:
- does the SL tightening function work to tighten the SL trailing pips when approaching:
a) the "broker visual" TP, or
b) the "real / hidden" TP

I have le to ascertain this?

Thanks
BS
  • #419
  • Edited 12:55pm Feb 28, 2010 12:19pm | Edited 12:55pm
HI All,

First things first, Steve, many many thakns for the countless hours of hard work you put into this and several (or is it many) EA's you code. You are a true gent and if your ever up in the NE of England then i will shout you a pint or 10....

i have been using this MPTM for a while and have a query that hopefully someone can help me with...

i would like to do the following:

@ +10 pips move SL to BE
@ +20 close partial lots
trail the rest using the bolt standard SL of 20 pips

i have tried several combinations to no avail. i can get the partial close at the same time as the BE move or i can get it using the jumping SL but can i get it to do the above... can i $%*&!!! lol

i am probably missing "THE" most obvious of obvious in obviuosville but i cant see it....

if as i think i am missing it then please ignore this next request but if i'm not then......

i know you are unbelievably busy steve but is there any way of making the partial close independent of the SL moves in any way???

again many many thanks for the outstanding EA's steve

cheers

Grant

ps. BOJ original is just brilliant..
  • #420
  • Feb 28, 2010 3:49pm Feb 28, 2010 3:49pm
hi steve ,

was testing this weekend some things on FXCM (backtesting) and got a bunch of error 130's by the routine for InsertStopLoss()
but the routine for InsertTakeProfit worked flawlessly.

looking further into it :
in the InsertTakeProfit() routine you calc TP from bid or ask
in the InsertStopLoss() routine you calc SL from orderopenprice ---> resulting in errors 130 when market already moved.
maybe better in this routine also to calc based from bid/ask
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