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Manage Take Profit EA

  • #341
  • Feb 10, 2010 1:31am Feb 10, 2010 1:31am
hi,

is this ea, can working for manage SL and TP for every position that is open by other EA?
i have an ea that is put TP but no SL, i don't know how many pips the SL is set, that why for security, i need manage EA to take care of the SL...

i try swiss army, it does not work too, to put the SL opening by this EA...

look like SL is hidden but can go far as 90 pips, sometimes 10 pips, is confusing to guess what SL is set.

any help and suggestion?
thx
  • #342
  • Feb 10, 2010 3:01am Feb 10, 2010 3:01am
Quoting tulipevierge
hi,

is this ea, can working for manage SL and TP for every position that is open by other EA?
i have an ea that is put TP but no SL, i don't know how many pips the SL is set, that why for security, i need manage EA to take care of the SL...

i try swiss army, it does not work too, to put the SL opening by this EA...

look like SL is hidden but can go far as 90 pips, sometimes 10 pips, is confusing to guess what SL is set.

any help and suggestion?
thx
There's a "manual" for the swiss army EA but... It don't help much... The instructions are incomplete and not precise... I joins it to this post.

The MTP_1.712.mq4 EA still don't work for me.

I know how to install them and to use them, I tried so many... But in this one, I can't even see the TP and the SL in the MT4 terminal.

Does someone else use the broker Advenced currency market (ACM)?
Attached File(s)
File Type: pdf Swiss Army EA v1.51 Features.pdf   15 KB | 1,534 downloads
  • #343
  • Feb 10, 2010 4:32am Feb 10, 2010 4:32am
thx,
i have pdf already.. swiss army can manage order opening by manual but can manage order open by ea... i try it already, it is not working...
  • #344
  • Feb 11, 2010 12:51am Feb 11, 2010 12:51am
Quoting tulipevierge
thx,
i have pdf already.. swiss army can manage order opening by manual but can manage order open by ea... i try it already, it is not working...
It won't even manage my manual entry order...
  • #345
  • Feb 12, 2010 2:14am Feb 12, 2010 2:14am
Quoting Melisky
It won't even manage my manual entry order...
Melisky,

I don't use the same broker as you, but I had similar problems with the swiss army ea and with the MTP v1.712...both would not show the stoploss in the terminal or on the chart. I think this is because they use "imaginary" or hidden stoplosses...that is, they don't send the request to the broker's server (look in the revision history of MTPv1.712).

I didn't have this problem with version 2.4 of the original EA though, it worked fine...but since I use a 6 digit broker, I had to multiply my pips by 10.

Personally I won't use a stoploss EA that doesn't send request to the broker...had way too many issues with the swiss army one taking too long to close out orders. Besides, IMO, if you have to hide your stop from your broker, you shouldn't be trading with them.
  • #346
  • Feb 13, 2010 1:37am Feb 13, 2010 1:37am
Quoting jdwbryan
I don't use the same broker as you, but I had similar problems with the swiss army ea and with the MTP v1.712...both would not show the stoploss in the terminal or on the chart. I think this is because they use "imaginary" or hidden stoplosses...that is, they don't send the request to the broker's server (look in the revision history of MTPv1.712).
I was thinking the exact same thing at first (about the hidden SL/TP that wasn't showing up in the terminal) so, of course, I test it, several time... The result is, nothing did trigger, neither the SL neither the TP.

Quoting jdwbryan
I didn't have this problem with version 2.4 of the original EA though, it worked fine...but since I use a 6 digit broker, I had to multiply my pips by 10.
Yeah, I'd readed the EA had to multiply buy 10 the amount of pips in the 2.4 version. Once again, I did test it. Sadly, one more time, nothing did trigger. And yes, I'm sure, very sure about the setting of everything...

Quoting jdwbryan
Personally I won't use a stoploss EA that doesn't send request to the broker...had way too many issues with the swiss army one taking too long to close out orders. Besides, IMO, if you have to hide your stop from your broker, you shouldn't be trading with them.
You're right, but, it's so hard to trust brokers... All of them, so, why take the chance? I think I'll hide my real TP & SL for the rest of my life...

May I ask what broker do you use jdwbryan?
  • #347
  • Feb 15, 2010 9:51am Feb 15, 2010 9:51am
Quoting Melisky
I was thinking the exact same thing at first (about the hidden SL/TP that wasn't showing up in the terminal) so, of course, I test it, several time... The result is, nothing did trigger, neither the SL neither the TP...
Hi Melisky,

Now that you mention it...there were two EA's that I had problems with...the swiss army one did actually trigger the stop, it just didn't show up in my terminal...but another one I tried that had a "hidden stop loss" option did not show in the terminal AND did not trigger the stop (same problem you are having). Anyway, I'm not sure how to fix it. I'm using ver 2.4 without any problems.

Have you tried "Multi Purpose Trade Manager"? It's another management EA you can find here at FF...it has a hidden stop option (and a million other options), but again for me the hidden stop didn't work, so I just turned it off...but if you haven't tried it yet, maybe give it a shot.

Oh, the broker I use is MB Trading...they are an ECN broker with MT4...their thread is here:

http://www.forexfactory.com/showthread.php?t=10002

Good luck!

Jack
  • #348
  • Mar 7, 2010 1:29pm Mar 7, 2010 1:29pm
This looks like a great program (and the other ones posted here, too), but would someone care to share their Entry trigger? I live in California so trading is a real pain, time-wise, and would love to have a decent entry system I can put in place before going to bed (when the London session starts). Then I could let MTP do it's thing. Thanks to any who respond.

Eric
  • #349
  • Mar 7, 2010 5:50pm Mar 7, 2010 5:50pm
Quoting freemenn
hi all,
not sure if this thread is still active and supported from the aithor. However i think wiht my settings (minilots) it does not work. Please give a look on the screenshoot. aS you cna understand the position should be already closed... however it didnt close anything in gain.. what's wrong in my settings??

Sorry, not specifically related to this thread but Freemenn or anyone, where can I get the Multiple time frame trend indicator you have there? and does it also have W1? tx
Attached Image
  • #350
  • Mar 11, 2010 8:21am Mar 11, 2010 8:21am
Hi,

I've drag the ea to the graphic board but nothing happens. At the same time I've not found any indicator in the code. Is this correct or is missing here something?

Any help will be woelcome

Best regards

Luis Neves
  • #351
  • Mar 19, 2010 2:26am Mar 19, 2010 2:26am
Hi. So how do i get to download the EA? I clicked the attachment, but it saves on my c drive as aan "unknown file " instead of mq4.
  • #352
  • Mar 24, 2010 8:23am Mar 24, 2010 8:23am
Hi
Can you please let me know why the MTP is not resetting the curr sl after taking the trade.

thanks
regards
james
Peregrine EA Return This Year: na
  • #353
  • Mar 29, 2010 6:55am Mar 29, 2010 6:55am
Hi, I also have the problem of stop loss not resetting. I has to be done manually. Anyone know of a solution?

Here's help on the close method.

Close_Method: At each TP point, Method 1 will close the number of lots specified in the Close_Lots parameter. With Method 2, the number of lots closed at each TP point will be the number of lots closed at the previous TP point plus the lots specified by Close_Lots.

Method 1: Using the first 3 values in the screen shot above, if you entered a trade of .3 lots,
the EA would close .1 lot at 20 pips profit, .1 lot at 40 pips profit, and the last
.1 lot at 60 pips profit, for a total profit of 120 pips.

Method 2: Using the first 3 values in the screen shot above, if you entered a trade of .6 lots,
the EA would close .1 lot at 20 pips profit, .2 lot at 40 pips profit, and .3 lot at 60 pips profit, for a total profit of 280 pips.


Thanks.
  • #354
  • Mar 30, 2010 3:42pm Mar 30, 2010 3:42pm
Hello, I am new to this forum, also i have a problem with the MTP_1.8 Trade manager. When i load the ea on the Chart and after activation at the first manual tread the tool is working fine. But after the 1 tread all other new opened treads are closed immediately without any stopp loss or take profit. I think this is a bug, when i load the tool another time after a new tread it works fine. I think the problem is that the ea is not resetting after each tread. Is it possible for anybody to see the code to find the error? Thank you in advance.

sorry for my bad English, i am not an english people
zickzack
  • #355
  • Mar 30, 2010 6:23pm Mar 30, 2010 6:23pm
I have a question and some answers. My question: I just put the modified MTP 1.7.12 on my chart a few days ago and the order entry was .7059 and set 1st TP and SL to 63. The price went to .7131 and neither action occurred and no messages in Experts or Journal. Any ideas?

My answers: I read several places that you have to reset it after the trade is closed.

Also, if you put the EA on a chart with multiple orders and you're not using the OpenWithMagic to set different numbers, all trades of that currency will be managed by the one EA. And where did you get 1.8? I only see 1.7 (modified) and 2.4 (original)
  • #356
  • Mar 31, 2010 9:28am Mar 31, 2010 9:28am
the problem with the reset after each tread is on all mtd manager versions and also on the TPv 2-2 and 2-3. I think there al based on the same basic code. The MTP_1.8 is the last version that i found on internet. I have them attached on this post.

there are 2 modes to use the manager, the first mode is very easy and useful for scalping and also for longer tread. There a 3 levels of stopp loss and after the 3° level the tool enable a trailling stop. For example when we open a buy position at 1.4010 and why have set the max loss to 50 pips, the first stop target to increase 20 pips and the first stop to 10 pips, then the tool manage the tread at the following mode: When the price reach 1.4030 the tool moves the stop loss to break even + 10 pips, in this case 1.4020, when the price is going down without reach the price from 1.4030, the the tool close the tread add 1.4010 - 50 pips= 1.3960.

Best regards
zickzack
Attached File(s)
File Type: mq4 MTP_1.8.mq4   11 KB | 1,051 downloads
  • #357
  • Apr 1, 2010 5:17am Apr 1, 2010 5:17am
Thanks zickzack, this is my most used management EA, it's real good. Just wish that it could automatically reset.
  • #358
  • Edited 12:59am Apr 3, 2010 12:22am | Edited 12:59am
Hi all,

In the MTP V1.7:

First_TP: This is how many pips away from the entry point + spread (break-even) that you want your first TP. The EA knows how much your spread is, so this is the true number of pips profit.

Second_TP: This is how many pips away from the entry point + spread (break-even) that you want your first TP. The EA knows how much your spread is, so this is the true number of pips profit.

Third_TP: This is how many pips away from the entry point + spread (break-even) that you want your first TP. The EA knows how much your spread is, so this is the true number of pips profit.

TP_Increment: Once your first TP is hit, the EA needs to know where to set the next TP. Each subsequent TP (Target) will be this number of pips beyond the current TP (the one just hit).



If we set TP for First_TP:, Second_TP:, Third_TP: with a # of pips, why we need the TP_Increment: ?

Example: I set First_TP:50pips, Second_TP:150 pips, Third_TP:500pips. How can I set for TP_Increment:?

How can I set Trailing stop if I don't want Trailing stop?


 Thank you.
  • #359
  • Apr 4, 2010 4:07am Apr 4, 2010 4:07am
"If we set TP for First_TP:, Second_TP:, Third_TP: with a # of pips, why we need the TP_Increment: ?"

Let's say you have 0.5 lots, and sell 0.1 lots at a time, after your first 3 TP targets has hit it will the add the increment for the 4th lot and add the increment again for the fifth lot.

"I set First_TP:50pips, Second_TP:150 pips, Third_TP:500pips"
If you make the increment 100, your 4th target would be 600 and your 5th target 700.

If you would like to disable the trailing stop, change Trail_Stop_By to 0.
  • #360
  • Apr 4, 2010 11:14am Apr 4, 2010 11:14am
Thanks so much mass09. How long have you use this EA and how is it working for you?
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