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EA to "save" profit and move/lock it if profit goes higher. does it exist? 8 replies

Profit From Profit-Taking —Scalping the Session Close 21 replies

Manage Save Profit System 0 replies

Would you take profit with 500pips profit or? 26 replies

Would you take profit with 500pips profit or? 3 replies

Attachments: Manage Take Profit EA
Exit Attachments

Manage Take Profit EA

Yes it's works well! Just don't forget to reset!
Thanks again mass09!
Sorry to ask newbie question . But i really haven't use any EA before , i have downloaded it , put it to experts folder . Then i open the MT4 , attacht EA to 4 chart ( right ?, i trade with 4 pairs , each pair i use one chart ). But i don't know if the EA work , because the smile face beside the EA name doesn't appear , just a cross ' X ' . Can anyone explain ? thanks so much
Quoting noname2x
Sorry to ask newbie question . But i really haven't use any EA before , i have downloaded it , put it to experts folder . Then i open the MT4 , attacht EA to 4 chart ( right ?, i trade with 4 pairs , each pair i use one chart ). But i don't know if the EA work , because the smile face beside the EA name doesn't appear , just a cross ' X ' . Can anyone explain ? thanks so much
Click "Expert Advisors" to green hat on the top of chart.
Hello!
I don't understand one thing about this great EA. Why does it keep closing my position at the same target profit? Today my second target (+20 pips) was hit, so 0.1 was closed accordingly to my settings, then price went down arround +17 pips and when it came back to +20 another 0.1 lot size was closed, even though my next profit target was +30 pips. So in all, two 0.1 lot sizes were closed at that point in stead of one. I understood from previous posts that it acts like this when it disconects, but i did not even touch the EA and my internet was working properly. In fact it was a matter of seconds and i don't see how something external could disconnect the EA. I don't know why it diconnects like this or why it acts like this. Did yo guys have the same bothering problem? Is there any way we can avoid it?
Stockwet, This is really helpful, i have not run it yet, but the logic is so similar to what I was just about to write in the upcoming weeks. This will save a ton of time.

Are you still using this version of the TP?
I am looking for something that can keep SL at a certain pips from the current price. And it's triggered at a certain level of profit.

For example.

Buy order at 1.5000

i want to trigger at 20 profit.

so at 1.5020 it triggers the ea to maintain SL (initially, no stop loss is set) at 5 pips different.

when the price reach 1.5020 SL is set @ 1.5015, then the price move to 1.5025 so SL is re set at 1.5020, then if the price keeps moving to 1.5030 the SL is re set again to 1.5025.

This is what i've been looking. if anyone has something like this please share it to me.

thank you
  • Post #368
  • Quote
  • Edited at 10:41pm Apr 22, 2010 10:24pm | Edited at 10:41pm
Hi Stockwet,

I am using your 2-3 EA. In the directions you mention setting the stop differential to 0 in order for the EA to stop out at even money. The issue is that i do not see a stop differential extern in the EA settings.


Any helps is appreciated.
hey Carumba, I believe i am seeking a similar EA. It looks like this EA from the current post could have the potential to do what we are looking for it to do.

If this is not easily done with this particular EA I may be able to add two additional stop settings.


Quoting iCarumba
I am looking for something that can keep SL at a certain pips from the current price. And it's triggered at a certain level of profit.

For example.

Buy order at 1.5000

i want to trigger at 20 profit.

so at 1.5020 it triggers the ea to maintain SL (initially, no stop loss is set) at 5 pips different.

when the price reach 1.5020 SL is set @ 1.5015, then the price move to 1.5025 so SL is re set at 1.5020, then if the price keeps moving to 1.5030 the SL is re set again to 1.5025.

This is what i've been looking. if anyone has something...
  • Post #370
  • Quote
  • Edited at 12:20pm Apr 23, 2010 12:39am | Edited at 12:20pm
Hello, I took Stockwet's awesome EA and removed the static stop loss settings and set the stop losses up just like he had the take profits. Where you set an initial First_stop_target, stop_target_increment, First_Stop and sl_increment. When First_stop_target is triggered a stop loss gets set to the initial First_Stop value you enter. From here, each time profit rises the stop_target_increment the stop loss is incremented by sl_increment.

Enjoy, hope it helps.


UPDATED v2.5 4/23/2010 12 est.
Attached Files
File Type: ex4 ManageTPv2-5.ex4   6 KB | 583 downloads
File Type: mq4 ManageTPv2-5.mq4   7 KB | 897 downloads
Quoting FnickB
Hello, I took Stockwet's awesome EA and removed the static stop loss settings and set the stop losses up just like he had the take profits. Where you set an initial First_stop_target, stop_target_increment, First_Stop and sl_increment. When First_stop_target is triggered a stop loss gets set to the initial First_Stop value you enter. From here, each time profit rises the stop_target_increment the stop loss is incremented by sl_increment.

Enjoy, hope it helps.
wow nice ... i will try

thank you.
  • Post #372
  • Quote
  • Edited at 2:14pm Apr 23, 2010 2:00am | Edited at 2:14pm
The appended version stop loss increment version 2.5 is functioning properly!

ignore this --->>>Something is missing. I will figure it out, but for now it does not appear to be working.

Quoting iCarumba
wow nice ... i will try

thank you.
Quoting FnickB
Something is missing. I will figure it out, but for now it does not appear to be working.
it does not work on me .... this is my setting.

first target 10
target increment 20(i dont care about target since my profit comes from moving my SL to higher level than my opening price)
close_lots 0 (no partial closing)
move stops true
first stop target 10 (when this hits SL is set , initially no SL)
stop target increment 6 (so when 10 pips hit, set SL to 6)
first stop 10 (no idea what it is so i just set it to 10)
SL_increment 6 (when the price is +16 then SL is set to 12 which is 6+ previous SL)
USE MAX LOSS false
MAX LOSS 20 (does not matter)
Magic number 0
Quoting totemg2000
Hello!
I don't understand one thing about this great EA. Why does it keep closing my position at the same target profit? Today my second target (+20 pips) was hit, so 0.1 was closed accordingly to my settings, then price went down arround +17 pips and when it came back to +20 another 0.1 lot size was closed, even though my next profit target was +30 pips. So in all, two 0.1 lot sizes were closed at that point in stead of one. I understood from previous posts that it acts like this when it disconects, but i did not even touch the EA and my internet...
Yes, I had exactly the same thing happen, just today. I am using the modified 1.7 with TP of 70, 0, 0 and increment of 500. SL of 70/1, 0/0, 0/0, TSL 150, Max Loss 250. I thought the instructsions said the zeros would be ignored so after the first TP of 70, I should have a TSL of 150, right? But, it closed 2 positions of 0.01 and now I have no open positions. Maybe I need to set my next TP at 1000 or something, but I still wonder about the SL1, 2, & 3. Hopefully, someone is following this who can explain. tx.

Eric
Quoting ericjschroed
Yes, I had exactly the same thing happen, just today. I am using the modified 1.7 with TP of 70, 0, 0 and increment of 500. SL of 70/1, 0/0, 0/0, TSL 150, Max Loss 250. I thought the instructsions said the zeros would be ignored so after the first TP of 70, I should have a TSL of 150, right? But, it closed 2 positions of 0.01 and now I have no open positions. Maybe I need to set my next TP at 1000 or something, but I still wonder about the SL1, 2, & 3. Hopefully, someone is following this who can explain. tx.

Eric
Yeah, too bad this EA has this serious problem! Clearly, it was not an accident, it keeps closing position at same target if prices go back for a while. It does it no matter what settings I try. Since this MTP is not reliable and DOES NOT WORK properly, can anyone suggest any other similar EA that would not have this problem?
Hey Eric, can u copy and paste your extern variables? I would like to see what you have. the original takeprofit2.4 works great for me. I was attempting to add new feature to stockwet's 2.4.



Quoting ericjschroed
Yes, I had exactly the same thing happen, just today. I am using the modified 1.7 with TP of 70, 0, 0 and increment of 500. SL of 70/1, 0/0, 0/0, TSL 150, Max Loss 250. I thought the instructsions said the zeros would be ignored so after the first TP of 70, I should have a TSL of 150, right? But, it closed 2 positions of 0.01 and now I have no open positions. Maybe I need to set my next TP at 1000 or something, but I still wonder about the SL1, 2, & 3. Hopefully, someone is following this who can explain. tx.

Eric
Check it out... a bit more detail on the settings.

extern int First_Target = 10;
extern int Target_Increment = 0;
extern double Close_Lots = 0;
extern bool Move_Stops = true;
extern int First_Stop_Target = 10;(when 10 pips profit is hit a SL is set at First_Stop value set below)
extern int Stop_target_Increment = 6;(After the First_Stop_Target is hit, this Stop_target_Increment value will increment the First_Stop_Target... when 10 pips is hit then the 6 gets added to it so 16 is now the next stop loss target... when 16 pips profit is hit, then the next stop loss gets set.)
extern int First_Stop = 6;(This is the first stop_loss that gets set after the FIrst_Stop_Target gets triggered)
extern int SL_Increment = 6;(Increments the stop loss after the stop loss target triggers each time.)

extern bool Use_Max_Loss = true;
extern int Max_Loss = 200;
extern int Magic_Number=0;




Quoting iCarumba
it does not work on me .... this is my setting.

first target 10
target increment 20(i dont care about target since my profit comes from moving my SL to higher level than my opening price)
close_lots...
Can u also copy and paste your settings?
Eric did you ever find that trend indicator you were asking about?

Quoting ericjschroed
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
Quoting FnickB
Hey Eric, can u copy and paste your extern variables? I would like to see what you have. the original takeprofit2.4 works great for me. I was attempting to add new feature to stockwet's 2.4.
As I said, I'm using the modified 1.7 because I wanted to use the trailing stop. I have not tried 2.4 yet. Here's my settings:

PreSet_Name=Default
First_TP=70
Second_TP=0
Third_TP=0
TP_Increment=500
Close_Lots=0.01000000
Close_Method=1
First_Stop_Target=70
First_Stop=1
Second_Stop_Target=0
Second_Stop=0
Third_Stop_Target=0
Third_Stop=0
Trail_Stop_By=150
Max_Loss=250
Alert_Sound=0
Alert_Email=0
Magic_Number=0

and No, I haven't found that relative strength indicator but stopped looking.
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