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Multi-purpose trade management EA

  • #421
  • Mar 1, 2010 6:44am Mar 1, 2010 6:44am
Hello guys!
Thanks to david for mentioning me on the pairs management stuff mod and thanks to you for mentioning it on the first page.
I've missed this thread completely.
Thanks to you for this great piece of code Steve and to David for bringing up the idea to me on the yahoo group.
Keep up the good work and if you need some help just ask and i'll try to provide the best.
Regards.

JC
  • #422
  • Mar 1, 2010 7:43am Mar 1, 2010 7:43am
Quoting cacus
Hello guys!
Thanks to david for mentioning me on the pairs management stuff mod and thanks to you for mentioning it on the first page.
I've missed this thread completely.
Thanks to you for this great piece of code Steve and to David for bringing up the idea to me on the yahoo group.
Keep up the good work and if you need some help just ask and i'll try to provide the best.
Regards.

JC
Cheers JC.

  • #423
  • Mar 1, 2010 8:36pm Mar 1, 2010 8:36pm
Hi All,
I am having a problem with selecting the trades I wish the EA to manage.

Say i have two trades in the same currency (both generated manually thru pending orders - so no "magic" number);
1-a long position opened some time ago that i wish to manage with hidden TP/SL (trailling) (ie a runner that has broken a previous support/resistance area that i wish to hold and give a wide bearth)
2-a new long position that has just opened as pending order is triggered. With this order i wish to:
a) set SL to BE after set no of pips (know how to do this using the EA)
b) close half of the position at this point and let the trade run with stop at BE, and with a hidden JS / trailing stop / hidden TP level

The problem i am having is this:
- when the partial close happens in the new trade a new order no is generated by MT4

This is causing me problems as:
- if i set the EA to manage for this pair only, both trades are managed with the same criteria, something i do not want as both have different TP and different SL (old one wide bearth, new one more closely controlled)
- if i set the trade to manage by ticket number, when the partial close occurs a new ticket number is generated for the remaining portion of the new trade rendering the EA inoperable (it is not registering the hidden TP for example), because it is looking for the original order no, not the newly MT4 generated one
- if i set the mptm to manage by comment the same occurs when the partial close happens as the new order for the remaining portion is given a new comment "From #99999" as opposed to the EA looking for the comment i put on the original order (eg GBPUSD2)

Has anyone else solved/overcome this predicament, or can offer advice/ideas?????

Any advice would be most welcome.

Thanks!
BS
  • #424
  • Mar 2, 2010 10:24am Mar 2, 2010 10:24am
Thanks to all those contribute to enhance this useful money management EA. Cheers.
  • #425
  • Mar 3, 2010 8:32am Mar 3, 2010 8:32am
Quoting cacus
Hello guys!
Thanks to david for mentioning me on the pairs management stuff mod and thanks to you for mentioning it on the first page.
I've missed this thread completely.
Thanks to you for this great piece of code Steve and to David for bringing up the idea to me on the yahoo group.
Keep up the good work and if you need some help just ask and i'll try to provide the best.
Regards.

JC

Blessed day to you Cactus, the efforts are much appreciated. Thanks for the portfolio link will drop in periodically to access the fortunes.
  • #426
  • Edited Mar 5, 2010 1:42pm Mar 4, 2010 6:50pm | Edited Mar 5, 2010 1:42pm
Hi Steve,

thanks a lot for your great work.I need help.It would be very nice to get the following added:

-the initially stop loss is 25 pip when the market move +10 pip then stop loss move up -10 from entry and not to break even.
-or partclose settings without break even.
Is this EA know this or I don't understand?


Thank You.This EA save many pips for me.
Best wishes,
Zoltan K
  • #427
  • Mar 5, 2010 2:20pm Mar 5, 2010 2:20pm
Hi Steve!

Been using the MTPM for a few days now and have to congratulate you for your work.

I have 2 inquiries about it anyway.

I am developing right now a system that manages trades in 12 currencies at the same time and I use your EA to close all trades (open and pending) at certain profit level.

1.- Can you add an option in the Global Closure to close trades at X amount of pips?

2.- When the profit target is hit, I've looked that it starts closing trades, both open and pending, 1 pair at a time, which sometime leads to missing little profits derived from the normal market movement. For example, I set it to close all trades at $100 USD profit, and as soon as the global profit is reached it starts closing the trades, then when it is all closed, sometimes the net profit would be that of 85 or 90 USD.

Could it be possible for the EA to first close all the open trades and then it closes the pending orders?


Thanks in advance for your prompt response,


Best wishes!
  • #428
  • Mar 5, 2010 4:47pm Mar 5, 2010 4:47pm
This is a 5 digit revision by Robert Hill to the last revision that Steve did. ... Below is what he said about it.
David

David,
I had an older version,
Here is the one you posted with my code added for HiLo Trailing stop.
The only possible bug might be when using the HiLowBarsBack value for X it might actually check X+1.

I used

BuyStop = Low[iLowest(OrderSymbol(), 0, MODE_LOW, HiLoBarsBack, 0)];
and
SellStop = High[iHighest(OrderSymbol(), 0, MODE_HIGH, HiLoBarsBack, 0)];
I am not sure if the parameter should be HiLowBarsBack or HighLowBarsBack - 1.

I still use my function for ValidStopLoss and a check for 5 digit pricing.
Robert
Attached File(s)
File Type: mq4 Multi purpose trade manager.mq4   99 KB | 720 downloads
  • #429
  • Mar 12, 2010 11:43pm Mar 12, 2010 11:43pm
Hi Steve,

Thanks for sharing this lovely EA mate. I've been fiddling with it this last week and got it working nicely for long trades. However the moment I try set up some short trades the EA instantly closes the trade. I've read the manual and can't work it out. Using a 5digit crim.

Jumping Stop: true
Jumping Stop Pips: 300
AddBEP: False
Jump after breakeven only: False
Hide Jumping Stop: False
Pips away from VisualJS: 100

Kind Regards,

Opt
  • #430
  • Mar 15, 2010 1:46am Mar 15, 2010 1:46am
Quoting optimuss
Hi Steve,

Thanks for sharing this lovely EA mate. I've been fiddling with it this last week and got it working nicely for long trades. However the moment I try set up some short trades the EA instantly closes the trade. I've read the manual and can't work it out. Using a 5digit crim.

Jumping Stop: true
Jumping Stop Pips: 300
AddBEP: False
Jump after breakeven only: False
Hide Jumping Stop: False
Pips away from VisualJS: 100

Kind Regards,

Opt
I think Clancy had a question related to this, but they don't feel the question is worthy of answering. I really don't get that. Is it only when someone has a word of thanks rather than a legitimate question that the program's maker and others with familiarity with it are willing to respond?

I think a problem several people have experienced, myself included, is that some trades seem to instant-close, and we are trying to get some confirmation from anyone with the technical expertise as to whether or not its because we're putting, say, 10 pips when we should be putting 100 pips on a 5-digit broker to equal the 10 pips instead. A simple, respectfully stated question that Clancy and the above poster tried to ask, at only to be rudely slapped back to the PDF like labeled noobs -- and the manual would be no help in elucidating an answer to this anyway!

This is what happens when forum moderation becomes an ego trip rather than a collective effort in helping one another. Nobody says that you should answer and re-answer questions ad nauseum, but legitimate and politely stated questions that aren't addressed in the PDF I feel are completely par for the discussion. And I have to assume Mr. Hopwood would have some insight, or at least an opinion, on what the issue is here. His EA is superb and well coded, I'm sure he can take a stab at it and just disclaim it as his educated guess.

If nobody has any idea about why this might be happening, I'd appreciate no reply. If you do, however, I'd greatly appreciate your input on whether or not, for a 5-digit broker, pip values should be input with an extra zero in order to avoid instant trade close scenarios. Thanks.
  • #431
  • Mar 16, 2010 4:50am Mar 16, 2010 4:50am
Thanks to all for developing this excellent tool.

Cheers, Snow.
  • #432
  • Mar 17, 2010 10:15pm Mar 17, 2010 10:15pm
Quoting zornjaso
I think Clancy had a question related to this, but they don't feel the question is worthy of answering. I really don't get that. Is it only when someone has a word of thanks rather than a legitimate question that the program's maker and others with familiarity with it are willing to respond?

I think a problem several people have experienced, myself included, is that some trades seem to instant-close, and we are trying to get some confirmation from anyone with the technical expertise as to whether or not its because we're putting, say, 10 pips...

Glad to see I am not imagining the problems I was having. Just one other thing to check which I discovered via trialing a paid for robot which offers genuine support. Have you checked the "live trades" (even when testing in demo account ("common" property of EA) and made sure the strategy tester button up top of screen is switched to on? If this doesn't work whilst I am testing now, I am moving on. Old faithful hand and noggin will be back in vogue.

Happy trading.
  • #433
  • Mar 18, 2010 11:44pm Mar 18, 2010 11:44pm
Hey Steve,

I'm a big fan of your tool, recently though came across the idea of having TP set on round numbers.
I wonder if you'd be interested in implementing such piece of code in your EA or share your opinion on how this could be coded.
I looked at sweetspots gold indi which draws the 00 lines, but I'm hoping you may have some input.
  • #434
  • Mar 19, 2010 3:01am Mar 19, 2010 3:01am
Quoting tpr
Hey Steve,

I'm a big fan of your tool, .........
Hmmmm - not going to comment on this - each to his own
  • #435
  • Mar 19, 2010 4:47am Mar 19, 2010 4:47am
Quoting macman
Hmmmm - not going to comment on this - each to his own
I thought I had removed that pic before anyone saw it.

tpr, that is too highly specialised a use for such a general ea. Using it is already so complicated that I am unable to explain all the features, so I am not going to add the feature you requested. I hope you understand.

  • #436
  • Mar 19, 2010 7:50am Mar 19, 2010 7:50am
Steve, I still don't understand why I cannot figure out what the heck this option PipsAwayFromVisualJS is really doing so do you see any issues if I just put it to 0 if I have a real StopLoss already set on the order? if StopLoss is 0 will this be a problem?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #437
  • Mar 19, 2010 8:17am Mar 19, 2010 8:17am
Quoting matrixebiz
Steve, I still don't understand why I cannot figure out what the heck this option PipsAwayFromVisualJS is really doing so do you see any issues if I just put it to 0 if I have a real StopLoss already set on the order? if StopLoss is 0 will this be a problem?
No. If you don't want a hidden jumping stop, then don't use one.

  • #438
  • Mar 19, 2010 8:23am Mar 19, 2010 8:23am
Quoting macman
Quote:
Originally Posted by tpr http://cdn.forexfactory.com/images/buttons/viewpost.gif
Hey Steve,

I'm a big fan of your tool, .........
Hmmmm - not going to comment on this - each to his own
I was not aware it was on display for general public!!!
  • #439
  • Mar 19, 2010 8:52am Mar 19, 2010 8:52am
Quoting macman
Hmmmm - not going to comment on this - each to his own

__
It's fine Steve, I will try and and work on it myself.
  • #440
  • Mar 19, 2010 9:04am Mar 19, 2010 9:04am
Quoting SteveHopwood
No. If you don't want a hidden jumping stop, then don't use one.

..... but I do want a hidden stoploss
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
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