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Multi-purpose trade management EA

  • #521
  • Jun 4, 2010 4:38pm Jun 4, 2010 4:38pm
Quoting nanningbob
I dont use basket trading or any other of the settings. Just BE +10 thats it. I have played with the jump but have changed to the TS that is provided within MT4. If trade is sitting profitably then I will set the TS and bring up my SL. I only use EAs to enter trades and bring my SL up to BE after that I manually manage my trades by closing them manually or setting a TP. So I dont get into all those other things. So I am very happy with the MPTM as written. In fact I would go for a much simpler version, dont need all that other stuff.

If I have...
Noted with thanks Sir nanningbob. Do have an enjoyable weekend.

Bless!
  • #522
  • Jun 4, 2010 4:58pm Jun 4, 2010 4:58pm
Great to see you guys helping each other out.

Nanningbob, thanks for the insights you keep on offering here. This one is already stored as a comment in the future Nanningbob trading robot:

Quote
I love this thing and I have it set to BE at 20 on medium and volatile currencies and 15 on slower ones. Most MA crosses on higher TF will move this much ensuring a profitable trade most of the time.

The robot is not going to happen just yet, but it will happen. I will be in touch for further details the next time I am short of a trading robot to code.

Cheers

  • #523
  • Jun 4, 2010 6:26pm Jun 4, 2010 6:26pm
Quoting SteveHopwood
Great to see you guys helping each other out.Nanningbob, thanks for the insights you keep on offering here. This one is already stored as a comment in the future Nanningbob trading robot:
The robot is not going to happen just yet, but it will happen. I will be in touch for further details the next time I am short of a trading robot to code.
Cheers
It is great to see my two GURUS collaborating. Steve has introduced us to so many trading methods and his energy and innovation is beyond belief. Bob educated me and others in successful H4 trading (I have been trading profitably his system live for the last 3 months).

Bob successfully utilised mptm into his system and it is now an important part of his system. I was hoping Steve would turn his attention to nanningbob system since I think with his phenomenal programing skills he can refine the existing EAs into even better tools for this excellent trading system. Knowing Steve`s work load I did not dare mention this before, but knowing Steve once he shows an interest in a system an EA or two is not far behind. At present he is working on a fantastic FIBONACCI based system / EA which is showing great potential.

I advise all traders reading this to follow the threads of these two generous, knowledgeable and kind gentlemen with special attention.

Kind Regards
P.S. For any newbies please please DO NOT ask Steve SILLY or STUPID questions, the response will not be pleasant.
  • #524
  • Jun 9, 2010 1:40am Jun 9, 2010 1:40am
Steve

awesome EA!! now i dont have to wait infront of the computer for price to hit my first trouble area and move to BE!

Good work mate

Jesse
  • #525
  • Jun 16, 2010 8:35am Jun 16, 2010 8:35am
Hi folks,

is somebody able to add a grid function to mptm? Thank you for your efforts!

Best regards!
  • #526
  • Jun 17, 2010 4:22pm Jun 17, 2010 4:22pm
Quoting jeppofx
Steve

awesome EA!! now i dont have to wait infront of the computer for price to hit my first trouble area and move to BE!

Good work mate

Jesse
Glad it is working well for you.

  • #527
  • Jun 17, 2010 4:29pm Jun 17, 2010 4:29pm
Quoting astral77
Bob educated me and others in successful H4 trading (I have been trading profitably his system live for the last 3 months).

Bob successfully utilised mptm into his system and it is now an important part of his system. I was hoping Steve would turn his attention to nanningbob system since I think with his phenomenal programing skills he can refine the existing EAs into even better tools for this excellent trading system.
If you would care to pm/email me a digest of the system, I will have a look with pleasure. I am interested in Bob's work and even coded the price-has-crossed-the-200-ma robot suggested a few posts ago, but it was not quite right and I have shelved it for attention in the future.

  • #528
  • Jun 17, 2010 5:01pm Jun 17, 2010 5:01pm
Hi,

is there anyway to add a missing stop loss/missing TP instantly on a "buy stop/sell stop" order. It seems that if i put a buy stop order or sell stop the EA keeps on alerting me saying insertion failed until my buy stop price hits and put tp/sl
  • #529
  • Jun 18, 2010 12:46am Jun 18, 2010 12:46am
One of the ways to use the basket trade management functions of Steve's mptm, is to set ManageByTradeComment to 'true'

What I have only just realised is that the trade comment can also be a blank - which seems to work fine.

This means you can use the regular MT4 window for placing trades as MT4 by default sends trades with a blank comment.

Maybe everyone else has realised this already & I am a bit slow, but thought I would pass it on anyway -
  • #530
  • Jun 18, 2010 9:17am Jun 18, 2010 9:17am
Thanks for the great EA..
But I can't set it up properly ... hope someone can help me set up correctly..

I tried to set this EA in order to move my s/l as soon as it moves 5 pips in my favor whether buy or sell... and then jumping stop comes in play.. but it looks like my stop is not moving until it hits the first jumping stop pips I set..

Here's my setting..

BreakEven: true
BreakEvenPips: 5
BreakEvenProfit: 1
PipsAwayFromVisualBE: 100

JumpingStop: true
JumpingStopPips: 20
AddBEP: false
JumpAfterBreakevenOnly: true
PipsAwayfFromVisualJS: 100

PartCloseEnabled: true
Close_lots: 0.1
Preserve_lots: 0


What I'm expecting to see from this setting is

whether it's buy or sell

once I reach 5 pips from my entry, my Stop loss moves to entry + 1 pip.
When it reaches 20 pips, it closes 0.1 lot and my stop remains same(entry + 1pip). For 40 pips, it closes another 0.1 lot and my stop is moved to entry + 20 pips and it continues...

But based on my testing, BreakEvenPips(5 pips) and BreakEvenProfit(1 pip) is not working... meaning that even I reach +10 pips, my stop doesn't move to breakeven +1. However, once it reaches first jumpingstop, which is +20 pips in this case, then it moves my stop loss to break even...


what's wrong with my setting... ?
Would appreciate any help.

note: In fact, I have no other what PipsAwayfFromVisualJS and PipsAwayfFromVisualBE are for... just leave them as default setting, 100...
  • #531
  • Edited 6:59pm Jun 30, 2010 6:35pm | Edited 6:59pm
This EA is great although a little confusing.
sorry for asking the question and not reading 36 pages to find the answer, but could someone mine telling me the settings for:

set instant TSL at 5 pips when price at +5 pips start a new TSL at 10 pips

trailingstoploss, instant trailingstoploss, jumping stoploss??

thanks

EDIT: i think ive sorted it:
BE on, set to 5 pips, BE profit set to 5 (instant -5 pips SL, SL moves to BE at 5 pips profit)
jumping stop on, set TRUE and 10 pips after BE ( after above result after 10 pips profit the SL mover 1 pip with the price)

if correct, this is what i want, else please correct me.
  • #532
  • Jul 9, 2010 9:14am Jul 9, 2010 9:14am
Hi,
May I request the following feature.

Most brokers allows stops are at least minimum pips away ... -

Hence suppose I want the breakeven to be set at 2 when profit reaches 6 pips, the EA cannot set breakeven due to Broker's restrictions , can the EA close at 2 pips profit without having to set the breakeven . Just abrupt close.

Also another feature would be Autodetect 4, 5 or 6 digit broker. As nowadays almost all EA's have this feature, hence I guess may not be complex coding.
Thanks once again for your great effort & great EA.

Regards
https://freshnews.top
  • #533
  • Jul 9, 2010 11:08am Jul 9, 2010 11:08am
i did not find the term "fixed stop loss" in this thread. Neither in the EA itself.

please can someone say whether this EA can have a fixed stop loss for all orders i enter or point another EA, script wich could do that?
  • #534
  • Jul 9, 2010 3:21pm Jul 9, 2010 3:21pm
Quoting ff34
Hi,
May I request the following feature.

Most brokers allows stops are at least minimum pips away ... -

Hence suppose I want the breakeven to be set at 2 when profit reaches 6 pips, the EA cannot set breakeven due to Broker's restrictions , can the EA close at 2 pips profit without having to set the breakeven . Just abrupt close.
No. The ea is comlex enough as it is and this is too much of a minority figure. Feel free to get someone to add this for you; I am very happy to see people adapting it to their own uses.

Quote
Also another feature would be Autodetect 4, 5 or 6 digit broker. As nowadays almost all EA's have this feature, hence I guess may not be complex coding.
Thanks once again for your great effort & great EA.

Regards
I can't be bothered to update the user guide these days, as I tend to be a tad busy elsewhere. I have added a note about x digit quotes to post 1 that will explain how you can adapt your inputs to accommodate 6 digit lunacy.

  • #535
  • Jul 9, 2010 3:29pm Jul 9, 2010 3:29pm
Quoting giraia_br
i did not find the term "fixed stop loss" in this thread. Neither in the EA itself.

please can someone say whether this EA can have a fixed stop loss for all orders i enter or point another EA, script wich could do that?
The ea will add a stop loss if there is one missing and you want it to do so. See Add a missing Stop Loss in the user guide.

  • #536
  • Jul 23, 2010 4:48am Jul 23, 2010 4:48am
I have added some extra functionality and made mptm adapt itself to different-digit criminals. Details in the update section in post 1.

  • #537
  • Jul 23, 2010 6:30am Jul 23, 2010 6:30am
Quoting SteveHopwood
I have added some extra functionality and made mptm adapt itself to different-digit criminals. Details in the update section in post 1.

Thanks very much. It seems more and more of the criminals are switching to 5 digits (which I hate). Can not be good news for us.

Kind regards
  • #538
  • Jul 23, 2010 10:45am Jul 23, 2010 10:45am
Quoting astral77
Thanks very much. It seems more and more of the criminals are switching to 5 digits (which I hate). Can not be good news for us.

Kind regards
Yep, a blatant attempt to confuse. If we are daft enough to accept 6 digits, then 7 and 8 are only just around the corner.

Time to dig our heels in and move our accounts the moment our criminal goes to 6 digit pricing; they do nothing for our benefit.

  • #539
  • Jul 23, 2010 9:21pm Jul 23, 2010 9:21pm
hai Steve i use your MPTM EA but the EA close imediatly my trade with comment "hit stop loss".
i set SL=20 pip, jump SL=15, TP= 20...can u explain what happen.
  • #540
  • Jul 24, 2010 3:26pm Jul 24, 2010 3:26pm
Quoting roni
hai Steve i use your MPTM EA but the EA close imediatly my trade with comment "hit stop loss".
i set SL=20 pip, jump SL=15, TP= 20...can u explain what happen.
Nope. Sorry. Can't read your mind and so have no idea what your settings were. Or whom your criminal is. Or what you are trading. Or what .........

Get the idea? I can continue if you want me to but you will not enjoy it.

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