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Multi-purpose trade management EA

  • #461
  • Apr 12, 2010 12:46am Apr 12, 2010 12:46am
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
I just reread your post. Have true turned to false in the MPTM and then I use true to handle all trades. True for breakeven, and Breakeven pips is 20 Breakeven profit is 10. You can set TP and TS in your EA or manual trade and let the MPTM handle the rest. I also use the jump stop instead of the TS. I think you pick up more pips over the long run with it. Here is the code sections:

extern string OverRide1="ManageAllTrades will override all others";
extern bool ManageAllTrades=true;
// Now give user a variety of facilities
extern string bl1="---------------------------------------------------------------------";
extern string ManagementFacilities="Select the management facilities you want";
extern string slf="----Stop Loss & Take Profit Manipulation----";
extern string BE="Break even settings";
extern bool BreakEven=true;
extern int BreakEvenPips=20;
extern int BreakEvenProfit=10;

For Jump stops turn false to true and AddBEP to true to increase the profit.
extern bool HideBreakEvenStop=false;
extern int PipsAwayFromVisualBE=100;
extern string JSL="Jumping stop loss settings";
extern bool JumpingStop=false;
extern int JumpingStopPips=25;
extern bool AddBEP=false;
  • #462
  • Apr 12, 2010 3:37pm Apr 12, 2010 3:37pm
Hi Steve,
I have been testing the hedge function of your marvellous EA and have read your instructions many times to ensure that I haven't missed something. However, I note that when invoked, the hedge closes the SL and TP for the original trade which may then run into massive loss. What I want to do is close the original trade at 15pips (150) while a hedge is opened at double the lot size (eg 200 for hedgelotspercent). I would then only need an 8 pip hedge win to recover the loss. How do I achieve this please? Thanks
  • #463
  • Apr 12, 2010 3:42pm Apr 12, 2010 3:42pm
I tested this EA successfully to manage my open trades on a demo account with my broker fxcm uk. when I moved it to my live accont i got error messages 4107: invalid price parameter for trade function and error 136 off quotes. It moved the SL correctly but failed to take the part profit. Is my broker blocking this from happneing and not accepting the trade function?
  • #464
  • Apr 16, 2010 8:53am Apr 16, 2010 8:53am
Hello ,
I have been playing around on the EA on post 1 and I am having a slight issue-
I have 5 digit broker and when I set MissingStopLossPips it adds the correct amount to the order(all pairs), however when i select/adjust MissingTakeProfitPips it is correctly adjusts the 5 decimal pairs i.e AU, EU, GU etc however the yen pairs seem to be out by a factor of 10/100 for this. Naturally attempted to change MissingStopLossPips from 9 , 99, 999 etc but its always over 1000 points more than what i want. Is this happening to any1 else or am i just drunk ?
  • #465
  • Apr 20, 2010 4:05am Apr 20, 2010 4:05am
I am looking for a trade manager that can move take profit as the trade going. for example i set TP at 20 then during breakout the price moves to +30 ... I don't want to close at +20 instead moving my tp to +25. Then if the price keeps moving to +40 for example ... then i want to move my tp again to +35.

So I don't want to use set SL for my trade because sometimes it stops me before it goes to my direction. So I don't like to use any SL but I want modify my TP as the trade going.

I am not sure if I can do this with this EA. If someone knows how to do this please share ...

thank you
  • #466
  • Apr 20, 2010 4:59am Apr 20, 2010 4:59am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting iCarumba
I am looking for a trade manager that can move take profit as the trade going. for example i set TP at 20 then during breakout the price moves to +30 ... I don't want to close at +20 instead moving my tp to +25. Then if the price keeps moving to +40 for example ... then i want to move my tp again to +35.

So I don't want to use set SL for my trade because sometimes it stops me before it goes to my direction. So I don't like to use any SL but I want modify my TP as the trade going.

I am not sure if I can do this with this EA....
i think it can be done with this, try using the jumping stop loss, you set the Sl to your original Sl point ie 100points, when price reaches point XX the jumping SL then shifts the stop to point B, in your case the jumping Sl would be - when price hits +30 move Sl to +25, then it looks to me like you want to follow price every 5 points andthis can also be achieved by either using the trails by xxpoints or by % options.

unfortunately you can't set a TP that price can pass, as per your first line (in red), but you can set the SL to any number you like and then jump it to your required position

best of pips

MPP
  • #467
  • Apr 20, 2010 11:05am Apr 20, 2010 11:05am
Can you help me with the setting ... I am not sure what break even means in this EA.

So in my opinion the setting should be .,

BreakEven: set to true
BreakEvenPips: 30
BreakEvenProfit: 25

(this means that when the profit is +30 then sl is set at opening price + 25)

But i still have no idea how to move the sl to +35 when the price reaches +40
  • #468
  • Apr 20, 2010 11:20am Apr 20, 2010 11:20am
Hi Steve,

Wondering if it is hard to change the current fixed lot settings for partial closure to a percentage setting.

ATM we input Close_Lots & Preserve_Lots as fixed lot sizes, which is fine so long as you use the same lot size for each trade.

Is it maybe possible to add something like Close_Lots% & Preserve_Lots% so that at partial closure time a percentage of the trade size is closed (Close_Lots%) with the rest left on the table (Preserve_Lots%)?

For instance assume trade size is 1 lot, Close_Lots%=50 & Preserve_Lots%=10, then we get a 50% closure at BE (0.5 lot) with 10% closures (0.1 lot) for each subsequent jump.

Hope that makes sense.
  • #469
  • Apr 20, 2010 12:44pm Apr 20, 2010 12:44pm
I Thing there is perhaps a bug, becouse manage also others EAS even if I set managebymagicnumber to true.May you fix it?
  • #470
  • Apr 20, 2010 5:48pm Apr 20, 2010 5:48pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting iCarumba
Can you help me with the setting ... I am not sure what break even means in this EA.

So in my opinion the setting should be .,

BreakEven: set to true
BreakEvenPips: 30
BreakEvenProfit: 25

(this means that when the profit is +30 then sl is set at opening price + 25)

But i still have no idea how to move the sl to +35 when the price reaches +40
i belive this to be correct, although i don't use it quite the same way, for the second part i thik you need to set the

jumping stop loss to true
jumping pips to 5 (i thnk this will move your stop 5pips when price has moved 5 pips)
jump after BE only to true, so it only starts the process after your initial point is reached

all i can say is try it and see, i use similar settings but in the basket settings section - some of this is trial and error until you find what works

hope this helps

MPP
  • #471
  • Apr 20, 2010 5:51pm Apr 20, 2010 5:51pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting eracle
I Thing there is perhaps a bug, becouse manage also others EAS even if I set managebymagicnumber to true.May you fix it?
there are other options, like manage by comment,, in the terminal area open the comments tab under your trade (right click trade area and select comment) see if your other EA's use comments and add comments to the trades you want this to manage that don't match there's,also you can select this EA to only manage certain pairs or ticket number - so there's planty of options
  • #472
  • Apr 26, 2010 2:43pm Apr 26, 2010 2:43pm
Hi Steve,

I was trying your MPTM on EURUSD, and I got this message alert: "EURUSD buy trade. Jumping stop function failed to set SL at breakeven, with error(130): invalid stops". Is it because it's a 6 digit currency? Any advice would be appreciated!

Thanks for your help!
  • #473
  • Apr 26, 2010 3:33pm Apr 26, 2010 3:33pm
Quoting roachroach
Hi Steve,

I was trying your MPTM on EURUSD, and I got this message alert: "EURUSD buy trade. Jumping stop function failed to set SL at breakeven, with error(130): invalid stops". Is it because it's a 6 digit currency? Any advice would be appreciated!

Thanks for your help!
Probably. I have not come across 6 digiy quotes, so I do not know what impact they will have on this EA. When I started coding it back in the dark ages, all quotes were 3 or 4 digits. Since then, the crims have started pratting about with their quotes just to make life as difficult for the rest of us as possible.

Look forward to a 69.993 digit quote coming to a criminal near you soon, because it, "Makes the quote so much more accurate and enhances the experience of the Highly Valued Trading Members Of Our Award Winning Forex Trading Teams."

  • #474
  • Apr 26, 2010 10:08pm Apr 26, 2010 10:08pm
Also -- make sure your stops are least the minimum pips away from your broker's minimum SL.... if you are inside their "spread" - you will get "invalid stops" message.
  • #475
  • Apr 27, 2010 1:28am Apr 27, 2010 1:28am
Hey Steve,

I understand this in not the place for this but as a junior member I cant pm. I am new to mt4 code but not to forex or futures. I have been trading and programing for a few years, and have been quietly following your forums for about a year. Since I have used thinkorswim there has been no need for me to get an account here. Now I have an mt4 platform and would like to help bounce ideas from my tests on your swing bots, but cant post cause of the newb block.

Can you hook a brother up with a voucher or a buddy add?

Thanks
  • #476
  • Apr 27, 2010 3:02am Apr 27, 2010 3:02am
Hi Steve,
Could I please put in a formal request to the hedging part of the EA which would provide an option in the input section to be able to choose wether to take out the SL's/TP's from the original trade? This would be instead of theis happening automatically. I appreciate that this may not be easy to implement but thought I'd ask, thanks
  • #477
  • Apr 29, 2010 4:40am Apr 29, 2010 4:40am
Quoting SteveHopwood
Probably. I have not come across 6 digiy quotes, so I do not know what impact they will have on this EA. When I started coding it back in the dark ages, all quotes were 3 or 4 digits. Since then, the crims have started pratting about with their quotes just to make life as difficult for the rest of us as possible.

Look forward to a 69.993 digit quote coming to a criminal near you soon, because it, "Makes the quote so much more accurate and enhances the experience of the Highly Valued Trading Members Of Our Award Winning Forex Trading Teams."

...
Hi Steve, well the impact is that if, let's say take profit at 60 pips, it takes profit at 6 pips (60 tenth of pip). Do you have a solution so that people can use your EA with 6 digits brokers?
Thanks a lot, Steve, for your help.
  • #478
  • Apr 29, 2010 5:05am Apr 29, 2010 5:05am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting roachroach
Hi Steve, well the impact is that if, let's say take profit at 60 pips, it takes profit at 6 pips (60 tenth of pip). Do you have a solution so that people can use your EA with 6 digits brokers?
Thanks a lot, Steve, for your help.
Can't you just add another Zero to the settings - instead of setting it to tp 60 which = 6pips, set it to 600 = 60, therefore allowing for the extra digit
  • #479
  • Apr 29, 2010 5:11am Apr 29, 2010 5:11am
Quoting MPP
Can't you just add another Zero to the settings - instead of setting it to tp 60 which = 6pips, set it to 600 = 60, therefore allowing for the extra digit
Thanks but that would mean taking profit at 600 pips for 4 or 5 digit pairs. I'd like this EA to "adapt" and "recognise" the 6 digits, like it already does with 3, 4, and 5 digits.
  • #480
  • Apr 29, 2010 6:07am Apr 29, 2010 6:07am
Quoting roachroach
Hi Steve,

I was trying your MPTM on EURUSD, and I got this message alert: "EURUSD buy trade. Jumping stop function failed to set SL at breakeven, with error(130): invalid stops". Is it because it's a 6 digit currency? Any advice would be appreciated!

Thanks for your help!
6 digits?

Which broker is using 6 digits?
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