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Multi-purpose trade management EA

  • #441
  • Mar 19, 2010 2:39pm Mar 19, 2010 2:39pm
Quoting astral77
I was not aware it was on display for general public!!!
Only at a price.
  • #442
  • Mar 19, 2010 2:40pm Mar 19, 2010 2:40pm
Quoting matrixebiz
..... but I do want a hidden stoploss
Then use one. Don't ask me how because I have forgotten - I do not use it, never wanted it, and only ever wrote it because others wanted it. If the details are not in the user guide, then you will have to experiment.

  • #443
  • Mar 23, 2010 10:04am Mar 23, 2010 10:04am
Hi guys

ive tried to get this EA to work for my scalp trades but all it does is close the trade straight away saying its hit the SL??

What I need it to do is close half trade at 5 pips profit and lock in the rest of the trade to breakeventhen trail this remaing 50% of the trade with a 5 pip trail step.

Can someone please explian how I manage to get the EA to work this way please..many thanks in advance
  • #444
  • Mar 29, 2010 2:11pm Mar 29, 2010 2:11pm
Quoting PIPsmuggler
Hi guys

ive tried to get this EA to work for my scalp trades but all it does is close the trade straight away saying its hit the SL??

What I need it to do is close half trade at 5 pips profit and lock in the rest of the trade to breakeventhen trail this remaing 50% of the trade with a 5 pip trail step.

Can someone please explian how I manage to get the EA to work this way please..many thanks in advance
Don't expect an answer. Steve made a great tool which apparently he's forgotten how to use and doesn't want to provide any support for (aka: answering basic questions). I mean, I had to experiment to figure out that if you want to get "5 pips" for a TP or SL on a5 digit broker you need to use 50, not 5. If you use 5, it will think you are trying to get a TP or SL or 5 POINTS (which is a fraction of a pip) and given that you start negative with most brokers by a few pips due to spread, you will variably either end up with an immediate close of anywhere from -3 to +3 pips if you DONT set it for 50 (rather than 5) for your 5-digit broker.

I can anticipate Steve and fans saying "he made it for free, quit complaining" to which I have to say -- he and others have wasted more energy replying to people on that defense -- in the time it had taken to type a reply that "I don't give support" the manual could have had the damn 1-paragraph update made to it that would avoid all these daft questions. Sometimes people's pride and stubborness amaze me.

But, its his right to not update it and waste his time reminding folks weekly and daily and whatnot to "experiment and don't ask me questions". But steve, why bother even replying if that's your approach?

I don't mean disrespect, I think you've made a wonderful tool. But honestly, I respectfully disagree with your position that its a hobby for which you have no more "responsibility" (in the informal sense) to update -- at the very least, the manual if nothing more so that people can stop asking certain questions over and over. Wouldn't that save you time in replying?

Sorry to rant.

Last thing: I've noticed (another problem with the EA) that I THINK it will not close fractional lots properly, as a SL or TP trigger occurs on a round lot. So an added feature that would be appreciated for those of us that set a TP of 5 (0) that never gets triggered because we land on 5.2 and 5.1 and 5.6, etc. pips... would be a way to account for fractional pips (so, that way if I set a TP or SL to 5(0) it will account for 5.0 through 5.9 pips). I am sure this will be dismissed by whomever reads it and never coded, but its worth mentioning anyway. lol.
  • #445
  • Mar 30, 2010 11:47am Mar 30, 2010 11:47am
Quoting SteveHopwood
Most people know what MPTM does, so I have edited this first post to make it easier to read. Explore the zip files to see if there is anything of use to you.

For those of you who do not know what mtpm is: I have written/am writing a multi-purpose trade managing EA. At heart, this is about manipulating stop losses and take profits of trades already open. The only way to get a feel for what the ea does is to read the user guide and try the ea on demo, using what you glean from the guide.

I posted the first version of mptm back in the summer of...
Hello, Steve. Hope your are doinf well.

I have been using your Multi-Purpose-Trade-Manager for some time know -- it is a great trade management tool. I just tried to download the latest version, and I get a "the archive is either in unknowm format or is damaged" message. I am running Windows Vista, and changed the .php extension to .zip and to .rar without success. In the past, if I change the extension and it solves the problem. Do you have any ideas here?

George
  • #446
  • Mar 30, 2010 8:58pm Mar 30, 2010 8:58pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Hi All
anyone using this EA to trade baskets, i'm just setting it up to try it ans was looking for any tips

regards

MPP
  • #447
  • Mar 30, 2010 9:00pm Mar 30, 2010 9:00pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting EasyRyder
Hello, Steve. Hope your are doinf well.

I have been using your Multi-Purpose-Trade-Manager for some time know -- it is a great trade management tool. I just tried to download the latest version, and I get a "the archive is either in unknowm format or is damaged" message. I am running Windows Vista, and changed the .php extension to .zip and to .rar without success. In the past, if I change the extension and it solves the problem. Do you have any ideas here?

George
if you download via the post it has a glitch, use the paperclip in the top right corner to find the file you want and then Dl it again - this should resolve the issue
  • #448
  • Mar 30, 2010 11:51pm Mar 30, 2010 11:51pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
having an issue trailing a basket

i would like to trail my profit by 50%, but when set to true it also uses the Basket Tsatprofit which was set to 1, thus i was closed out after it was in profit and price dropped back $1

don't think i'm understanding the rules on this, if i set the trailing stop at profit to 100 and the percentage to 50% will it trail the profit by 100 or 50%

MPP
  • #449
  • Mar 31, 2010 11:39pm Mar 31, 2010 11:39pm
Hi, I came in late on this EA, which looks promising and is clearly very sophisticated. I really just wondered if anyone had a successful set file on the M5 which they would be prepared to share especially if it takes into account the hedging feature. Currently, I can get break even on a day's trading, however, I end up with dozens of hedge trades so its almost impossible to work out what is going on and improve the situation. I also wondered if the EA persevered trying to close a trade. I have a couple of positions where the price seems to have bi-passed the SL rather than closing the original trade and opening a hedge. Do others find this? Finally, I assume that the BE feature can be used to manage the stop to BE and then use the jumping stop beyond, setting jumpafterBE to true so that the two features dont contend. This doesn't concur with the example trade that the author kindly provides, thus I really need to test this EA collaborating with others. Thanks for any help
  • #450
  • Apr 3, 2010 4:40am Apr 3, 2010 4:40am
I dont know about all the functions of this program but the BE with profit function has been great to me this last month. This is what I wrote on one of my threads.

"Just to show you how valuable the MPTM has become, for the month of March, all my +5 and +10 added up to 790 pips. +790 thats not bad for that little program."
  • #451
  • Apr 3, 2010 4:51am Apr 3, 2010 4:51am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Mach26
Hi, I came in late on this EA, which looks promising and is clearly very sophisticated. I really just wondered if anyone had a successful set file on the M5 which they would be prepared to share especially if it takes into account the hedging feature. Currently, I can get break even on a day's trading, however, I end up with dozens of hedge trades so its almost impossible to work out what is going on and improve the situation. I also wondered if the EA persevered trying to close a trade. I have a couple of positions where the price seems to have...
i've used the jump to BE +10 then set the disableJumpstopafterBE funtion to true, then used trail after $100 by 50% - works great

just starting to work it all out, but looks good to me
  • #452
  • Apr 3, 2010 5:43am Apr 3, 2010 5:43am
Quoting nanningbob
I dont know about all the functions of this program but the BE with profit function has been great to me this last month. This is what I wrote on one of my threads.

"Just to show you how valuable the MPTM has become, for the month of March, all my +5 and +10 added up to 790 pips. +790 thats not bad for that little program."
Fantastic that it is so useful, nanningbob. It thrills me that someone like you uses it.

  • #453
  • Apr 4, 2010 1:57pm Apr 4, 2010 1:57pm
To Nanningbob, thank you very much, I love the quote about fishing...I go fly fishing and I'm not bad at it thanks to Orvis tuition classes but if as your signature suggests, someone could teach me how to code as elegantly as Mr Hopwood, I'd be a very fat and happy fisherman!

To MPP, thank you also. I had come to a similar conclusion on the parameter settings with the addition of the hedging feature which feels a bit like a roller coaster ride (I really enjoy it but I'm not sure who's driving the thing!) I've set hedgeatlosspips to 15 and SL/TP both to 10...seems to be working although lots of hedge trades get opened.

A peaceful Easter to you all
  • #454
  • Apr 5, 2010 8:37am Apr 5, 2010 8:37am
Hi, My present settings set a TP at 30pips, not sure quite how this actually comes about if I'm honest, however, I've got the BE at 10, BE profit at 2 and pipsawayfromvisualBE at 150 which I assume to be the SL from BE. With the jumping SL at 15 pips and Pipsawayfromvisual JS is 100. This still takes pips off the table if there's a rapid retrace but gets a few pips profit regularly. If I understand MPP, you use the tightening SL feature, however, I thought this was pip dependent and so I have trial at 50percent = 100 and trail at 80percent = 50. Please let me know if these are not optimal, kind regards
  • #455
  • Apr 8, 2010 1:10pm Apr 8, 2010 1:10pm
I love the trade manager that has been developed. Would it be possible to set the initial SL and TP values based on a user defined % of the Average Daily Range for a defined period like the past 5 trading days excluding Sunday?

My idea is that I want to close out half the trade at these percentages and let the rest either close out by the system signal reversing or the trailing jump. That way my initial target and stop is fluid with changing market dynamics instead of a set figure for all market cycles. If the signal lasts several days then I have already banked money and still participate on the rest of the move.
  • #456
  • Apr 9, 2010 9:30pm Apr 9, 2010 9:30pm
I use the MPTM settings of at 20 pips set a +10 pips profit. This week it closed 64 trades for a total of 640 pips. That was 1/2 of my total pip count for the week. Thanks Steve for a great trading tool. Thought you would want to know. Also this note from another trader I thought you would want to hear:

"After a very very long time reading different threads and trying a number of different systems (Paid and unpaid), at long last I am making some profit by following the threads of two people in FF. One being your good self and other is Steve Hopwoods. It is interesting to note that both of you are Educators by profession."
  • #457
  • Apr 10, 2010 12:56am Apr 10, 2010 12:56am
This is great to read, nanningbob; thanks for posting it.

In truth, here at FF I am really only a mechanic bolting stuff together - automating other peoples' systems. A couple of these look as though they have some long-term legs; most hit the skids the instant they meet live trading.

Where my threads are spectacularly successful is in attracting the attention of some very clever, experienced traders happy to share some of their knowledge with the rest of us. The scooby-doo thread is fantastic for this; a lot of the insights shared there would normally cost money to obtain.

'What goes around comes around' is the philosophy of my life. For sure, it is true here.

  • #458
  • Apr 10, 2010 6:43am Apr 10, 2010 6:43am
Quoting nanningbob
I use the MPTM settings of at 20 pips set a +10 pips profit. This week it closed 64 trades for a total of 640 pips. That was 1/2 of my total pip count for the week.
"

Hi nanningbob,

That sounds like some settings I would like to use for a scalp I am working on. Would you please post your set file for that?

thanks,
David
  • #459
  • Apr 11, 2010 4:45pm Apr 11, 2010 4:45pm
Steve I am using your EA with great success in a new system I am developing. But, if I place pending orders with "add missing stop loss" and/or TP, I get repeating error alerts. Which pop up no matter if I indicate "show alerts" to "off."

I understand that the EA cannot put a take profit or a stop loss onto the order until it is filled and active, but is there some way i can prevent the error alerts?
  • #460
  • Apr 11, 2010 10:21pm Apr 11, 2010 10:21pm
Quoting fiddlinround
Hi nanningbob,

That sounds like some settings I would like to use for a scalp I am working on. Would you please post your set file for that?

thanks,
David
Go to my thread Nanningbob 4H trading system. Unfortunately it is not a scalping system but a by product that happens using the MPTM with my system. So I dont know how to set it up as a scalping system only at this time.
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