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Attachments: Manage Take Profit EA
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Manage Take Profit EA

  • #401
  • May 11, 2010 11:09am May 11, 2010 11:09am
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,
can someone help me out. I need this ea to be in .ex4 format. I do not know how to change it to .ex4 format. Whenever i download it on my VPS, it shows only as a notepad and i'm not able to make it reflect in my experts in the platform. But i believe if it is in .ex4 format, it won'nt show as a notepad.I have attached the file.Thanks
Attached File(s)
File Type: mq4 ManageTPv2-4.mq4   6 KB | 921 downloads
  • #402
  • May 11, 2010 3:02pm May 11, 2010 3:02pm
Quoting timidave2005
Hello all,
can someone help me out. I need this ea to be in .ex4 format. I do not know how to change it to .ex4 format. Whenever i download it on my VPS, it shows only as a notepad and i'm not able to make it reflect in my experts in the platform. But i believe if it is in .ex4 format, it won'nt show as a notepad.I have attached the file.Thanks
Can you tell me does this work as an indicator? If so, can you explain the workings of it?

Many thanks

Glynn
"Fail to prepare, prepare to fail."
  • #403
  • May 12, 2010 9:17am May 12, 2010 9:17am
Quoting timidave2005
Hello all,
can someone help me out. I need this ea to be in .ex4 format. I do not know how to change it to .ex4 format. Whenever i download it on my VPS, it shows only as a notepad and i'm not able to make it reflect in my experts in the platform. But i believe if it is in .ex4 format, it won'nt show as a notepad.I have attached the file.Thanks
Just drag it onto your chart. Then go back and read the whole post to understand the settings.
  • #404
  • May 12, 2010 9:18am May 12, 2010 9:18am
Quoting packhorse
Can you tell me does this work as an indicator? If so, can you explain the workings of it?

Many thanks

Glynn
No, it's not an indicator
  • #405
  • May 12, 2010 11:31am May 12, 2010 11:31am
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 in...

Hello Nick, pls kindly send the .ex4 format of MTP 1.9 to me. I wish i knew how to change the format myself so as not to put you tru this trouble. Thanks

David
  • #406
  • May 12, 2010 10:31pm May 12, 2010 10:31pm
Can this EA manage all trades? If i were to use this EA for 4 currencies (EU, GU, EJ, GJ) in a single account, can it be done? Do i attach the EA to the 4 different currencies chart?
Pivot Boss in the making~
  • #407
  • May 13, 2010 5:02am May 13, 2010 5:02am
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...

Hello, can someone help me out, i've tried this ea's in the attachment that i got from this forum and it's not working. Can someone help me find out the problem.
Attached File(s)
File Type: ex4 ManageTPv2-4_TP_fix(2).ex4   6 KB | 827 downloads
File Type: ex4 MTP_1.9.ex4   10 KB | 798 downloads
  • #408
  • May 13, 2010 9:14am May 13, 2010 9:14am
Quoting FnickB
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.

Hey, FnickB, I just tried to use your 1.9 to manage a trade and it immediately closed the whole order. The trade was short .04 EurUsd at Forex.com, a 4 digit broker. Unfortunately, this happened while I was asleep so I didn't see it happen. Any ideas? Here are the settings:

First_TP=50
Second_TP=1000
Third_TP=0
TP_Increment=1000
Close_Lots=0.02000000
Close_Method=1
First_Stop_Target=50
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
  • #409
  • May 14, 2010 9:45am May 14, 2010 9:45am
I've been waiting for so long and it seems like eternity, nobody is replying to my thread.Pls help, i need those two eas to work before i go bankrupt.

David
  • #410
  • May 14, 2010 10:18am May 14, 2010 10:18am
If there is no fractional pip, then take the zeros off.

Quoting ericjschroed
Hey, FnickB, I just tried to use your 1.9 to manage a trade and it immediately closed the whole order....
  • #411
  • May 14, 2010 10:19am May 14, 2010 10:19am
Yes, i just attach it to multiple chart windows.

Quoting jurn_e
Can this EA manage all trades? If i were to use this EA for 4 currencies (EU, GU, EJ, GJ) in a single account, can it be done? Do i attach the EA to the 4 different currencies chart?
  • #412
  • May 14, 2010 10:20am May 14, 2010 10:20am
There is an issue with the EA's I have posted if there are pending orders or other open orders already open when attempting to use this ea. The issue is because the test i used to determine if there were any open orders actually checks pending orders as well.
  • #413
  • May 15, 2010 9:52am May 15, 2010 9:52am
Quoting FnickB
There is an issue with the EA's I have posted if there are pending orders or other open orders already open when attempting to use this ea. The issue is because the test i used to determine if there were any open orders actually checks pending orders as well.
Can you elaborate? What will happen?
  • #414
  • May 15, 2010 10:06am May 15, 2010 10:06am
Quoting FnickB
If there is no fractional pip, then take the zeros off.
I think I'll go back to the previous version until I figure this out. I missed out on a lot of profit here. It almost sounds like I should ADD a zero, that is, if I want 50 pips profit I should put 500 in your 1.9? My order triggered short at 1.2597 and it took me out at 1.2600 using the 50 target I listed above. Actually, I have no idea how that happened. It should have at least tried to take 5 pips profit, right?
  • #415
  • May 15, 2010 10:08am May 15, 2010 10:08am
Quoting timidave2005
I've been waiting for so long and it seems like eternity, nobody is replying to my thread.Pls help, i need those two eas to work before i go bankrupt.

David
Dave, if you're worried about going bankrupt, STOP TRADING!! Go use a demo and try to learn some more before you throw all your money away.
  • #416
  • May 15, 2010 7:48pm May 15, 2010 7:48pm
If you use pending orders or have multiple orders open, i just wouldn't use it for now, except for demo. I would never use an ea live util i tested it thoroughly on demo, and i would suggest that to anyone thinking of trying the ea i uploaded, I am merely sharing what i have in hopes people can mess with it and possibly use it if it fits there needs.

I dont like to have more than one open position at a time, so the EA was working perfectly for me, until i decided to begin using limit orders, then i noticed the variables were not being set properly therefore the stops were not being set because the EA tested for opentrades before setting the variables. this test prevented the ea from resetting if the program closed or logged off.
Quoting ericjschroed
Can you elaborate? What will happen?
  • #417
  • May 16, 2010 12:37pm May 16, 2010 12:37pm
Quoting ericjschroed
Dave, if you're worried about going bankrupt, STOP TRADING!! Go use a demo and try to learn some more before you throw all your money away.
Hi EricjschroedI would have appreciated it if you took ur time to respond to my request in my post. Thanks

David
  • #418
  • May 18, 2010 6:46pm May 18, 2010 6:46pm
Hi ever get it working?



Quoting timidave2005
Hello, can someone help me out, i've tried this ea's in the attachment that i got from this forum and it's not working. Can someone help me find out the problem.
  • #419
  • Edited 8:33pm May 18, 2010 6:53pm | Edited 8:33pm
Hi, i have posted a few revisions of this takeprofit EA, anyone following them, thanks for your patience, it has been a process of testing and refining. Looks like a few more things have been adjusted here.

**Now able to use with open pending orders from same chart or other charts.
this is the one i use now
Attached File(s)
File Type: mq4 ManageTPv3.3MUST BE ON CHART B4Trade.mq4   8 KB | 2,094 downloads
File Type: ex4 ManageTPv3.3MUST BE ON CHART B4Trade.ex4   7 KB | 1,502 downloads
  • #420
  • May 20, 2010 4:34pm May 20, 2010 4:34pm
Just came across this thread, can anyone tell me, where there any problems with the MTP .ex4 files that were posted at the beginning of the thread? That is, are these most recent ones fixing earlier problems? Thanks!
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