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Multi-purpose trade management EA

  • #561
  • Aug 4, 2010 3:37am Aug 4, 2010 3:37am
Quoting rfking2
My actual settings right now are -5000 pips to open which shows -50000 on-screen and actually works at -50. And my open percentage is set to 50% on screen shows 500% And works the same as the screen shows.
Thanks for brining this up. I had accidentally included HedgeLotsPercent in the routine that adapts pip inputs to x digit criminals. The result on a 6 digit account would have been comical.

I have corrected this and the hedge my demo has just taken appears to be correct. The fix is in post 1.

This is an essential re-download for anybody using the new version who might/does use hedging.

  • #562
  • Aug 4, 2010 6:59am Aug 4, 2010 6:59am
I have added period and time frame flexibility to the Atr stop/tp functions. The default time frames of 0 means the current chart.

You enter the period in minutes: D1 = 1440

  • #563
  • Aug 4, 2010 9:15am Aug 4, 2010 9:15am
... methods to combat the hide function in mptm.

I have been using your mptm for a good few months now. I opened a new account with a new criminal and was testing the new mptm with old 3x3 nanningbob method. The setting was for BE of 30 and BE profit of 20 with "hide BE Stop" to TRUE. I was surprised that it started going carzy and kept closing all open positions. I thought maybe a BUG in the new version. So I changed to an older version that I had used before and I knew it was BUG Free and surprise, surprise the same thing. I then changed the "hide BE stop" to FALSE and it was working fine!!! I then loaded the latest version again with the hide function disabled and it was working fine.

CONCLUSION, the criminal is using some method to disable the Hide Function.

Kind Regards
  • #564
  • Aug 4, 2010 9:51am Aug 4, 2010 9:51am
Quoting astral77
... methods to combat the hide function in mptm.

I have been using your mptm for a good few months now. I opened a new account with a new criminal and was testing the new mptm with...

Yes I also had the same problem. When I switch that to Hide BE , it simply closed my positions. But setting it to False had no problems. Kindly look into that..
Thanks
https://freshnews.top
  • #565
  • Aug 4, 2010 12:56pm Aug 4, 2010 12:56pm
I was concerned enough about all this to have another look at the code. I knew something had to be wrong when PipsAwayFromVisualTS showed up in the inputs and display sections but not the code that manages the trailing stop.

The TS hidden stop function was actually working with PipsAwayFromVisualJS; if this was set to 0 then the ea correctly judged the trades ripe for closure.

This is a classic example of why I do not usually fix things that aint bust. Adapting the ea to x digit criminals is going to help us all in the future, but it has thrown up a few problems right now.

The post 1 fix takes care of this bug.

  • #566
  • Aug 4, 2010 11:12pm Aug 4, 2010 11:12pm
Hi Steve; First, thanks for your patience with all the questions people ask, it helps all us lurkers as well, and secondly, thanks for posting your thoughts, ideas, and code in the public domian.

Steve; you've posted and written many EA's over the past few years, most are more complex then the EA's that are being sold on the market (current and past). Your multiple currency baskets EA's are impressive work. Most of the trading strategies you code are hard, if not impossible, to backtest on MT. Based on your experience, do you notice any of the particular strategies hitting the wall as time goes on (no longer work)? I assume the basket trading strategies would be the most versatile since correlation is part of the plan, single currency EA's seem to suffer from "not being adjusted or optimized" to current conditions, and eventually stop working. So, in other words, does using multiple currencies help smooth the equity curve? (assuming the EA already uses basic principles like multiple time frames and risk management)

The reason I ask this should be obvious, one cannot do backtesting homework and research but has to relay on forward testing on demo or live micro accounts, taking time... and time is something that we could all use more of.

Your comments are appreciated. (not sure where else I could post this?)

Tipster
Tipster Trendlines - Trade from the chart
  • #567
  • Aug 5, 2010 5:20pm Aug 5, 2010 5:20pm
Thanks Steve, its working well.
  • #568
  • Aug 5, 2010 6:56pm Aug 5, 2010 6:56pm
Quoting rfking2
Thanks Steve, its working well.
Phew. Last time I fix something that ain't bust in the first place.

  • #569
  • Aug 9, 2010 9:30pm Aug 9, 2010 9:30pm
Hi Steve,

I love your EA. It's a shame that MT4 does not have these features built-in like some of the proprietary platforms with some brokers. Thanks for making the use of MT4 less stressful!

If I may, I'd like to make a suggestion. During these summer months, I have lowered my position sizes on the pairs I trade, which has forced me to create new presets. I am wondering if it is possible to enable an option to scale out by a percentage so that way no matter what position size one enters, one does not have to re-create presets, especially if they change position size frequently. Of course, the way you have it now also has advantages as well, so my suggestion is in addition to how it currently works.

Thank you in advance for your consideration!

Smash
  • #570
  • Aug 10, 2010 4:29pm Aug 10, 2010 4:29pm
Hi Steve,

just found one bug in the EA:

The missing stoploss function with the ATR calculation is not adjusting correctly for 5 digit brokers. I have to multiply with 10 to get the right pip value...
BTW, the missing TP settings work fine with 5 digit broker (Alpari UK).

Could you please check and bugfix in the next version?

Thank you...

Regards, Oliver
  • #571
  • Aug 10, 2010 5:44pm Aug 10, 2010 5:44pm
Quoting Olarion1975
Hi Steve,

just found one bug in the EA:

The missing stoploss function with the ATR calculation is not adjusting correctly for 5 digit brokers. I have to multiply with 10 to get the right pip value...
BTW, the missing TP settings work fine with 5 digit broker (Alpari UK).

Could you please check and bugfix in the next version?

Thank you...

Regards, Oliver
Don't be so silly. The ea does not have to adjust atr for 5 digit criminals. Atr is atr; it doesn't need adjusting. I am using this on my live accounts with 5 digit criminals; if it did not work, I would already know about it. You are doing something stupid.

Read about Atr before posting about this again.
  • #572
  • Aug 11, 2010 2:21am Aug 11, 2010 2:21am
I know the calculation of ATR very well, so please do not blame me.
May be I have not explained well enough because my first language is German...

I use Alpari UK (5 digits). If I use the function "Add a missing Stop Loss" with the following settings:

  1. AddMissingStopLoss = true
  2. MissingStopLossPips = 200 (does not matter in case of using ATR)
  3. UseSlAtr = true
  4. AtrPeriod = 14
  5. AtrTimeframe = 0
  6. AtrSlMultiplier = 2.0

The resulting stop loss that is set by the EA in this case is NOT the 2xATR, but 2xATR / 10. This means the adjustment for 5 digits is not working correctly. Or am I missing something?

I found it out, because I always got an error 130 "invalid stops". After setting the AtrSlMultiplier to 10 x 2.0 = 20, the correct pip distance was set.

You can easily check this and see that this is true. Otherwise I have to be silly indeed...

  • #573
  • Aug 11, 2010 5:46am Aug 11, 2010 5:46am
Quoting Olarion1975
I know the calculation of ATR very well, so please do not blame me.
May be I have not explained well enough because my first language is German...

I use Alpari UK (5 digits). If I use the function "Add a missing Stop Loss" with the following settings:

  1. AddMissingStopLoss = true
  2. MissingStopLossPips = 200 (does not matter in case of using ATR)
  3. UseSlAtr = true
  4. AtrPeriod = 14
  5. AtrTimeframe = 0
  6. AtrSlMultiplier = 2.0

The resulting stop loss that is set by the EA in this case is NOT the 2xATR, but 2xATR / 10....

There is nothing in the code to divide Atr by 10.

There is no code to check that the Atr calculation results in a stop that is acceptable to your criminal, so too tight a stop will create the error. Most likely is that your time frame is too low to produce an acceptable stop loss, but I am only speculating.

  • #574
  • Aug 11, 2010 6:34am Aug 11, 2010 6:34am
Quoting SteveHopwood
There is nothing in the code to divide Atr by 10.

There is no code to check that the Atr calculation results in a stop that is acceptable to your criminal, so too tight a stop will create the error. Most likely is that your time frame is too low to produce an acceptable stop loss, but I am only speculating.

Timeframe is H1, so the ATR for GBPJPY was e.g. 35 pips and the stop loss had to be 2 x ATR = 70 pips. But the MPTM EA tried to set stop loss to 7 pips and NOT 70 pips. After "adjusting" the AtrSlMultiplier from 2 to 20 the stop loss was correctly set to 70 pips. As result the stop loss before was just below the minimum distance for setting the SL of my broker and gave the mentioned error.

So where am I wrong or why is the stop loss only 1/10 (like for the 4 digit criminals)??

I just want to understand...
  • #575
  • Aug 11, 2010 7:20am Aug 11, 2010 7:20am
Quoting Olarion1975
Timeframe is H1, so the ATR for GBPJPY was e.g. 35 pips and the stop loss had to be 2 x ATR = 70 pips. But the MPTM EA tried to set stop loss to 7 pips and NOT 70 pips. After "adjusting" the AtrSlMultiplier from 2 to 20 the stop loss was correctly set to 70 pips. As result the stop loss before was just below the minimum distance for setting the SL of my broker and gave the mentioned error.

So where am I wrong or why is the stop loss only 1/10 (like for the 4 digit criminals)??
I don't know, but I will have another look at the code to see if I can spot anything. I have only ever used this on a 5 digit crim account, so I might have missed something.

  • #576
  • Aug 11, 2010 4:35pm Aug 11, 2010 4:35pm
I am unable to find anything wrong in the code.

  • #577
  • Aug 11, 2010 8:59pm Aug 11, 2010 8:59pm
Whenever I try to Hide Breakeven, the trade gets stopped out immediately. If I set "Hide" to false it's working fine...

Thnaks
https://freshnews.top
  • #578
  • Aug 12, 2010 1:36am Aug 12, 2010 1:36am
Hello All,
this has helped me and it may just help other users of this Superlative utility, The Multi-Purpose Trade Manager (MPTM).

Recently had issues where it was noted that the basket profit was slightly different from the Basket Profit figure, displayed by MPTM, in top left corner of the host chart/screen. In an attempt to correct this, a check was made on the pairs declared in the pairs to trade setting of the MPTM.

Even after careful re-entry of pairs, the difference still persisted, in my mind. So it was thought to be an error somewhere (with MPTM perhaps), because often times on other accounts the MPTM basket profit and the larger displayed P/L figure agreed exactly.

Short story is that often times when we are running a number of pairs on MT4.0 and Swap/Commissions comes into effect, there can be a slight difference of up to $30.00 depending on the number of pairs and the Swap incurred (which itself, can also be plus or minus).

So I now focus on the un-highlighted account profit, which if the pair declaration is correct should be what the MPTM reports as basket profit.

Spooked me for bit, as this, if not understood could have negative implications for TP & SL values as we seek to manage our accounts to profitability. That's it.

See sample pic. attached.

Bless!
Attached Image (click to enlarge)
Click to Enlarge Name: MTPM Sees Profit Not P&L(12Aug10).jpg Size: 435 KB
  • #579
  • Aug 12, 2010 3:10am Aug 12, 2010 3:10am
Quoting ff34
Whenever I try to Hide Breakeven, the trade gets stopped out immediately. If I set "Hide" to false it's working fine...

Thnaks
How many digits does your criminal quote?

  • #580
  • Aug 12, 2010 7:08am Aug 12, 2010 7:08am
Quoting SteveHopwood
How many digits does your criminal quote?


4 .
In Instaforex

Thanks
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