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Attachments: Manage Take Profit EA
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Manage Take Profit EA

  • #381
  • Apr 24, 2010 4:16pm Apr 24, 2010 4:16pm
Check this out. I checked the code for this EA and the code does not allow for the same take profit to be hit twice. It is explicit in that the variable that stores the Take profit gets incremented after it is hit therefore there is no way for it to hit the old takeprofit since it no longer exists. The only way this happens is if the ea is reset or meta disconnects. unfortunately mine MT4 does disconnect on occasion usually without any noticeable break in pricing, just a quick disconnect and reconnect, and that stupid sound that it makes, the boing thing.

But here is a fix if you are interested. try this. Essentially it is the same EA, but instead of the variables for SL and TP being reset on start and close, i put a little test in there that goes like this... if there are no open positions, then reset the sl and tp variables otherwise, leave them be.

Let me know how it works out for you. There are no live markets obviously today, saturday, for me to test it on, but the compiler shows no errors.

The best to you.

Nick
Attached File(s)
File Type: mq4 ManageTPv2-4_TP_fix.mq4   6 KB | 1,186 downloads
File Type: ex4 ManageTPv2-4_TP_fix.ex4   6 KB | 835 downloads
  • #382
  • Apr 24, 2010 4:19pm Apr 24, 2010 4:19pm
Oh, 1.7, i see. I havent seen 1.7 or worked with it, probably wont be able to assist.

Too bad on that indicator, looked like it might be helpful. I did find this trader platform called VT Trader 2.0 which has pattern recognition in it, haven't really tested it yet though, but the interface is nice and the platform is free to use for demo. I hear many people just use the platform for analysis then trade on a different broker...
  • #383
  • Apr 25, 2010 3:21am Apr 25, 2010 3:21am
Quoting FnickB
Check this out. I checked the code for this EA and the code does not allow for the same take profit to be hit twice. It is explicit in that the variable that stores the Take profit gets incremented after it is hit therefore there is no way for it to hit the old takeprofit since it no longer exists. The only way this happens is if the ea is reset or meta disconnects. unfortunately mine MT4 does disconnect on occasion usually without any noticeable break in pricing, just a quick disconnect and reconnect, and that stupid sound that it makes, the boing...

Could you make the same correction (regarding the same take profit) for the modified 1.7? MTP 1.7 (or 1.8) is a more valuable tool because it has trailing stops.
  • #384
  • Apr 25, 2010 4:05am Apr 25, 2010 4:05am
THanks alot fnickB will try the code on monday.
  • #385
  • Apr 25, 2010 10:25pm Apr 25, 2010 10:25pm
I will look at it on my next day off, sometime this week. i am guessing 1.7 can be found on this board.

Quoting totemg2000
Could you make the same correction (regarding the same take profit) for the modified 1.7? MTP 1.7 (or 1.8) is a more valuable tool because it has trailing stops.
  • #386
  • Edited 10:44pm Apr 25, 2010 10:26pm | Edited 10:44pm
http://www.forexfactory.com/showthread.php?t=157629
http://www.forex-tsd.com/tools-utili...on-helper.html
Quoting ericjschroed

and No, I haven't found that relative strength indicator but stopped looking.
  • #387
  • Apr 27, 2010 3:59pm Apr 27, 2010 3:59pm
This is MTP 1.8 with an attempt at a fix for::

1.) 1.8 would reset when MT4 disconnected, this should be fixed. The EA now tests to see if there are open trades before deinit and init.

2.) Also, after trades were all closed by EA they EA did not reset for the next trade. This should be taken care of now with a test on each tick checking for any open orders. If there are no orders open, then the EA resets.

I am not as familiar with 1.8 as 2.4, so if something is off, give me a shout, since i might have missed wrapping one of the variables in this test. This will be easy to fix if you let me know what variable or what is resetting or not resetting.

Enjoy, Hope it works.

Nick
Attached File(s)
File Type: mq4 MTP_1.9.mq4   12 KB | 1,429 downloads
  • #388
  • Apr 28, 2010 8:40am Apr 28, 2010 8:40am
[quote=FnickB;3676882]This is MTP 1.8 with an attempt at a fix for::


Thank you very much. I hope it works. I can't wait to try it.
  • #389
  • Apr 28, 2010 4:14pm Apr 28, 2010 4:14pm
hello,

Thank you FnickB for the Bugfix on MTP 1.8. I have testet Today the MTP 1.9 manager and now is working perfect on every Tread. The reset problem is resolved. Now i have another question, is it possible to programming the manager to use a hide Stop Loss and take profit. At the moment the manager is working with a real stop loss when the stop is permetted by the broker (80 pips distants from the bid price), the tool is working also without a real stop loss when i give for example a stop on 50 pips from bid price. Now is it possible to modify the manager that can works always without a real visible stop, then the tool is perfect.

thank you
zickzack666
  • #390
  • Apr 29, 2010 7:41am Apr 29, 2010 7:41am
Quoting zickzack666
hello,

Thank you FnickB for the Bugfix on MTP 1.8. I have testet Today the MTP 1.9 manager and now is working perfect on every Tread. The reset problem is resolved. Now i have another question, is it possible to programming the manager to use a hide Stop Loss and take profit. At the moment the manager is working with a real stop loss when the stop is permetted by the broker (80 pips distants from the bid price), the tool is working also without a real stop loss when i give for example a stop on 50 pips from bid price. Now is it possible to modify...

Hello Zig!

Could you please show me your settings for MTP 1.9? I wonder why I do still have problems...Thanks!
  • #391
  • Apr 29, 2010 3:16pm Apr 29, 2010 3:16pm
hello totemg2000,

i uso the MTP only for handling my stop loss at the tread. I not use the take profit part of the tool. And the Stop loss part is working perfect. There are a sample for a scalping setting:

PreSet_Name=Default
First_TP=0
Second_TP=0
Third_TP=0
TP_Increment=0
Close_Lots=0
Close_Method=0
First_Stop_Target=35
First_Stop=10
Second_Stop_Target=70
Second_Stop=30
Third_Stop_Target=100
Third_Stop=60
Trail_Stop_By=110
Max_Loss=120
Alert_Sound=0
Alert_Email=0
Magic_Number=0

in this case the stop loss is working in the following mode: When we buy at 1.03000 and the price reach 1.03035 the the stop go to 1.03010, when the price reach 1.03070 the stop go to 1.03030, the same four the 3° stop and after dis is working the trailling stop.

thank you
zickzack
  • #392
  • Apr 30, 2010 12:12am Apr 30, 2010 12:12am
[quote=zickzack666;3684800]hello totemg2000,

i uso the MTP only for handling my stop loss at the tread. I not use the take profit part of the tool. And the Stop loss part is working perfect. There are a sample for a scalping setting:



Thank you, Zick! I can't figure out what is wrong with my settings, I tried your settings also and everytime I initiate the EA, it closes all the trades, no matter how many pips away they are. I hope to finally figure out what is wrong because this is a very usefull tool.
Again, thank you!
  • #393
  • May 3, 2010 10:39am May 3, 2010 10:39am
Thank you very much FnickB! For helping with the reset problem, it seems to working fine here, thanks!
  • #394
  • May 4, 2010 7:43am May 4, 2010 7:43am

Can I request for a detail explanation of Ver2-5 like the one seen on Page 1?

I've been looking for this for ver2-5 for a very long time now and finally found it as I constantly move my SL when I'm on a winning streak.

Thank you in advance
  • #395
  • May 5, 2010 8:45am May 5, 2010 8:45am
Hello jamesbon72,

the manage TP 2-5 has a problem with the reset and is not working probertly. U can download the MTP 1.9 this version works perfect is better and with more options (trailling stop). The explanation of working with the 3 stop move levels is on post # 391.

zickzack
  • #396
  • May 5, 2010 9:26am May 5, 2010 9:26am
Quoting FnickB
This is MTP 1.8 with an attempt at a fix for::

1.) 1.8 would reset when MT4 disconnected, this should be fixed. The EA now tests to see if there are open trades before deinit and init.

2.) Also, after trades were all closed by EA they EA did not reset for the next trade. This should be taken care of now with a test on each tick checking for any open orders. If there are no orders open, then the EA resets.

I am not as familiar with 1.8 as 2.4, so if something is off, give me a shout, since i might have missed wrapping one of the variables...
Thanks! I'll try this one out. I've been using 1.7 and was short on the EurUsd, it closed partial position but then I changed the time frame, H4>D1>W1 and back, and it closed another partial which it wasn't supposed to. Hopefully this 1.9 won't do that, or I'll have to stop switching times!
  • #397
  • May 5, 2010 2:56pm May 5, 2010 2:56pm
Here is the relative strength indi. What is your entry strategy?
Attached File(s)
File Type: ex4 Signal Bars v6.ex4   54 KB | 870 downloads
  • #398
  • May 6, 2010 9:14am May 6, 2010 9:14am
Hi all.
Can any one help to program an ea doing that?
Partial Close Expert Advisor




The Partial Close EA helps you manage your Take Profit levels by allowing you to close portions of your trade at different Take Profit levels. This new percentage allocation (or "split close") option permits traders to create up to four Take Profit levels with a customizable percent of trade closed as each profit level is reached.
For example, a trader placing a 10 lot trade can use the Partial Close EA to scale out of the position. With a maximum of 4 take profit levels, a trader could, for example:

 

  1. At 10 points profit, close 10%
  2. At 15 points profit, close 50%
  3. At 25 points profit, close 20%
  4. At 35 points profit, close 100% of the remaining position

The EA also has the ability to update the stop loss* each time the position is partially closed. Using the MOVE_SL settings of 1 for a buy, for example, will move the stop loss 1 pip above the entry price, and for a sell, 1 pip below the entry price. A MOVE_SL setting of 10 for a buy will move the stop loss 10 pips above the entry price, and for a sell, 10 pips below the entry price.
*Note that the Stop Loss will apply to the FULL size of the position.
To apply this EA, drag and drop the EA from the Navigator's Experts list on top of you chart. In the inputs, make sure to enter the Ticket number of the "original" trade, set your other settings and click on ok.
Also, be sure to verify that live trading and expert advisors** are enabled (located under tools, options, Experts Advisors.)
*In a volatile market or fast-moving market conditions, stop-loss orders can become market orders and may be filled at the prevailing price, which may differ greatly from the desired price.
**During technological crisis, orders may not be filled as placed.
If you plan on using this EA on multiple trades, it is recommended to change the InstanceID input for each instance of the EA.
To disable an input such as a Target or Move Stop Loss, simply set it to 0.

Thank you.

  • #399
  • May 11, 2010 8:17am May 11, 2010 8:17am
Quoting stockwet
Hi Everyone,

I've developed an expert that is designed to help me stick to my system a bit better than what I do by myself. Use it at your own risk, though.

The expert works by taking profit out of a trade at various take profit levels. It also moves stop losses at designated levels. You have the ability to customize the following parameters:[list][*]First_Target: This is the first take profit target, in pips, that you specify.[*]Target_Increment: Once the first profit target is reached, the next target will increment by the amount specified...

Hello all, pls i'm interested in this EA, how do i install them into my platform? I'm used to installing one single file with .ex4, but there are two of them now?
  • #400
  • May 11, 2010 11:04am May 11, 2010 11:04am
This is the EA i use now, it has the moving stops and a moving take profit.

extern int First_Target = 100;
this will set where the first take profit is taken. so when my position hits 100 profit, the EA closes a certain number of lots set in the Close_Lots variable below.

extern int Target_Increment = 400;
After the first take profit hits, then First_Target + Target_Increment = New Take Profit.


extern double Close_Lots = 0;
number of lots closed at the Take_Profit target


extern bool Move_Stops = true;
extern int First_Stop_Target = 50;
When this gets hit the first stop gets set

extern int Stop_target_Increment = 50;
After first stop target gets hit, then this number will increment the stop target First_Stop_Target + Stop_target_Increment = New Stop Target... meaning after the first stop gets hit at 50, a stop at 0 gets set, now when profit hits 100, the next stop gets set at (First_Stop + SL_Increment)

extern int First_Stop = 0;
extern int SL_Increment = 50;

extern bool Use_Max_Loss = true;
extern int Max_Loss = 400;
extern int Magic_Number=0;
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