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Multi-purpose trade management EA

  • #641
  • Nov 6, 2010 12:35am Nov 6, 2010 12:35am
Attached Image
  • #642
  • Nov 16, 2010 8:18am Nov 16, 2010 8:18am
My live broker has a min lot size of 0.1, so I'm adapting code to make the EAs I use to trade be compatible. In particular, the MPTM 30+15 which I use to handle positions after the other EAs have entered a position. My question here is does any of the other variables in the MPTM 30+15 EA need to be changed other than these 2:

extern double Close_Lots = 0.02;
extern double Preserve_Lots=0.02;

?
  • #643
  • Nov 18, 2010 1:35pm Nov 18, 2010 1:35pm
Hi leave some suggestions

1) option for exit with Moving Average crosses, with various MA type selectable (SMA, EMA, LWMA, ..) and values of MA/Timeframe
2) option for exit with price cross MA (+ optional additional +pip margin over MA)
3) option for exit with Trendline breakout, selectable tline TF
4) option for fractionated/mixed exit modes, for example 30% with selected TP , 30% with price cross selected MA and 40% with tline break

5) option for fractionated Exit with multiple TP
For example
TP1 when reach +20 pip exit with 30%
TP2 when reach +60 pip exit with 20%
TP3 when reach +100 pip exit with 15%
TP4 when reach +250 pip exit with 35%

...Optionally move SL when reach next TP target, example when reach TP2 move SL at TP1 value, when reach TP3 move SL to TP2 ...

6) Option for use 2 different values of Stop Loss and Take profit added to order divided for in-trend and counter trend trades.
In-trend and counter trend can be calculated on selected MA value/TF, for example if price is under a selected MA the long trades are considered counter trends and are used different values for TP and SL
7) Slippage filtering for opening orders
  • #644
  • Nov 18, 2010 4:14pm Nov 18, 2010 4:14pm
Quoting bounty1
Hi leave some suggestions

1) option for exit with Moving Average crosses, with various MA type selectable (SMA, EMA, LWMA, ..) and values of MA/Timeframe
2) option for exit with price cross MA (+ optional additional +pip margin over MA)
3) option for exit with Trendline breakout, selectable tline TF
4) option for fractionated/mixed exit modes, for example 30% with selected TP , 30% with price cross selected MA and 40% with tline break

5) option for fractionated Exit with multiple TP
For example
TP1 when reach +20 pip exit with 30%
TP2 when...
What an utterly ridiculous post. Have you seen how many inputs there already are for users to master?

MPTM is a general stop loss and tp manager FOR ALREADY OPENED TRADES. I am quite surprised you have not grasped this; I thought the documentation and post 1 made this abundantly clear. It is NOT an ever-expanding tool that I am prepared to accommodate to every silly idea posited by the thoughtless.

"7) Slippage filtering for opening orders". Words fail me. In what way do you imagine, in your wildest and most fevered dreams, that mptm opens trades?

Get a grip, fella. Whilst getting it, go away and learn what mptm is all about. You might then find something useful to say.
  • #645
  • Nov 18, 2010 4:46pm Nov 18, 2010 4:46pm
We try to take things calmly and with respect, getting angry unnecessarily is not good for the liver.

The post was only a suggestions for evaluation (not "required" obviously), even if it contained errors, do not care if you can 'easily overlook or even ignore, so without having to' waste time, take it easy.
  • #646
  • Nov 19, 2010 8:21am Nov 19, 2010 8:21am
Quoting SteveHopwood
What an utterly ridiculous post. Have you seen how many inputs there already are for users to master?
Pretty much everything he wanted is in a commercial trailing stop EA on this forum, he just wants you to code it for free, as if your time means nothing. Sadly, I am seeing this creep up more and more on this forum as no one values anothers time or efforts.

Good on ya Steve for not taking that crap.
  • #647
  • Nov 19, 2010 8:34am Nov 19, 2010 8:34am
Quoting traderjai_inhi
Pretty much everything he wanted is in a commercial trailing stop EA on this forum, he just wants you to code it for free, as if your time means nothing. Sadly, I am seeing this creep up more and more on this forum as no one values anothers time or efforts.

Good on ya Steve for not taking that crap.
Hehe. He cannot post anything at all in any of my threads now.

  • #648
  • Nov 20, 2010 7:39pm Nov 20, 2010 7:39pm
Hi E2u. Could you elaborate a bit further on the hedging
function and its capabilities. How can you choose a
HedgeLotPercent >100? how does a hedge and hedge
hedge on hedge operate?

thanks,


Quoting E2u
All this you can do with MPTM
If you know how you want it then……

extern string hs="----Hedge settings----";
extern bool HedgeEnabled=true;
extern int HedgeAtLossPips=20;
extern double HedgeLotsPercent=500;
extern int HedgingIncrementPips=20;
extern int HedgeTradeStopLoss=0;
extern int HedgeTradeTakeProfit=0;
extern bool CloseAtBreakEven=true;
extern bool HedgingTheHedgeIsAllowed=true;
extern double HedgeTheHedgeLotsPercent=150;

and compile
  • #649
  • Dec 1, 2010 10:40am Dec 1, 2010 10:40am
Hi, I need help with the EA! my Trailing SL doesn`t work! I set it to true and 5 pips but it doesn`t trail! But when I restart MT4 then SL jumps 5pips under Price! what went wrong ?
  • #650
  • Dec 16, 2010 9:37am Dec 16, 2010 9:37am
Thanks Steve (and all who have contributed) for a truly amazing piece of kit.

I wonder does anyone know whether the Tightening Stop Loss function was ever resolved? I have read through the complete thread, and the relevant sections several times but I cannot understand whether it was finally made to work.

I have done a bunch of test trades over the past few days with the Tightening Stop Loss function set to trigger at 80% of profit target with a 10 pip trail. I think a couple of them should have triggered this condition but appeared not to.

Any thoughts anyone.

Chris
  • #651
  • Dec 17, 2010 10:29am Dec 17, 2010 10:29am
Hi Steve many thanks for your EA available to all.
I have tried to use this EA but have some issues
1) when i downloaded the most recent update which apparently has more features, it gives me an error 4109 saying trading not allowed under properties. i am sure i have set to the right settings.
i have attached a screen shot

2) when i installed the earlier version it does install and works well except that it will not closed trade partially. the breakeven and jump stop works pretty well

pls i need help
thanks

Austine
Attached Image (click to enlarge)
Click to Enlarge Name: steve.png Size: 180 KB
  • #652
  • Dec 18, 2010 1:12am Dec 18, 2010 1:12am
Quoting austineejo
Hi Steve many thanks for your EA available to all.
I have tried to use this EA but have some issues
1) when i downloaded the most recent update which apparently has more features, it gives me an error 4109 saying trading not allowed under properties. i am sure i have set to the right settings.
i have attached a screen shot

2) when i installed the earlier version it does install and works well except that it will not closed trade partially. the breakeven and jump stop works pretty well

pls i need help
thanks
Austine
Your screen shot shows that you have not checked the 'allow live trading' box. You should have a smily face in top RHS corner.

Uncle Steve also may not have a smily face with such a question.
  • #653
  • Dec 18, 2010 6:35am Dec 18, 2010 6:35am
Error 4109 - check Tools/Options/Expert Advisors. Make sure "Enable Expert Advisors" and "Allow Live Trading" are checked and "Ask manual confirmation" is not checked.

The previous version works, but the above might still be the problem. That happened to me.

Jack
  • #654
  • Dec 19, 2010 10:33pm Dec 19, 2010 10:33pm
Original Question:
Can someone please help me with the settings?

I want to achieve the following:

1. When trade is triggered, stoploss should be at 20 pips.
2. Trailing stoploss of 1 pip should be instant. That is, if price moves +1 pip, stoploss moves to 19, price moves +5 pips, stoploss moves to 15.
3. As soon as Price has moved +10 pips, stoploss moves to breakeven.
3. Takeprofit at 20 pips.

I am trying to figure out the settings but there are so many options that I am not able to get the desired effect.
(ps: I have been tinkering with the EA for the past couple...


Quoting luiboy
1. AddMissingStopLoss=true
MissingStopLossPips=20

2. InstantTrailingStop=true
InstantTrailingStopPips=20

3. BreakEven=true
BreakEvenPips=10
BreakEvenProfit=0
...

First and foremost I want to say thank you for this great tool. I just discovered it tonight and am attempting to mold it to use it in the way that it best suites me. My question stems from these two posts that I quoted above.

From my understanding and reading of the manual I do believe these settings will accomplish what the original poster wanted but I am confused what will happen with the instant trailing stop. Because it is not set to be disabled at breakeven won't it just keep pushing the S/L 20 pips back from the current price even after the breakeven amount (in this case 10pips) have occurred?
My goal is very similar to this and I was hoping for some advice on how to accomplish it.
1. When trade is triggered, stoploss should be at 20 pips.
2. Trailing stoploss of 1 pip should be instant. That is, if price moves +1 pip, stoploss moves to 19, price moves +5 pips, stoploss moves to 15.
3. As soon as Price has moved +10 pips, stoploss moves to breakeven.
4. Once breakeven has been set I would like for every additional pip gained +1pip added to the S/L. (For example 10pips is gained and the S/L is set to breakeven. Then I gain 1 more pip, for a total of 11pips, I would like the S/L advanced +1pip from the breakeven).
4. Take profit at 20 pips.

Is this possible? I would also be okay in giving up the initial trailing stop to accomplish the one after the breakeven.
  • #655
  • Dec 20, 2010 9:16am Dec 20, 2010 9:16am
i ve been able to set up the EA thanks for the assistance from the forum my partial closure seems not functional even though i ve set it to "true" with a take profit of 30 pips.
any one has any clue as to why?
  • #656
  • Dec 23, 2010 12:00pm Dec 23, 2010 12:00pm
Hi and thanks for this superb bit of kit, will make my life a lot easier.

I have managed to this up and running for G/U, E/U, Nymex but struggling with the Dow. I have tried all kinds of settings but nothing is coming through when I throw the switch. My entries are in the inputs but not being carried across to the white text which are reflecting null values.

Has anybody used this on the Dow successfully before i look any further as it appears to be something unique to that instrument.

Cheers

ST
Attached Image (click to enlarge)
Click to Enlarge Name: dow+ea231210.jpg Size: 171 KB
" Dont wait for your boat to come in ..... swim out and meet it"
  • #657
  • Dec 25, 2010 3:48am Dec 25, 2010 3:48am
Quoting speedtrip
Hi and thanks for this superb bit of kit, will make my life a lot easier.

I have managed to this up and running for G/U, E/U, Nymex but struggling with the Dow. I have tried all kinds of settings but nothing is coming through when I throw the switch. My entries are in the inputs but not being carried across to the white text which are reflecting null values.

Has anybody used this on the Dow successfully before i look any further as it appears to be something unique to that instrument.

Cheers

ST
Try to add ''WS30SB'' to ''pairstomanage'' , EA then should work with dow

see att.
Attached Image



kindest regards
PhanTi
Hero calls followed by margin calls...
  • #658
  • Dec 25, 2010 3:51am Dec 25, 2010 3:51am
Quoting jack h
Error 4109 - check Tools/Options/Expert Advisors. Make sure "Enable Expert Advisors" and "Allow Live Trading" are checked and "Ask manual confirmation" is not checked.

The previous version works, but the above might still be the problem. That happened to me.

Jack
thats the thing.
Hero calls followed by margin calls...
  • #659
  • Dec 25, 2010 4:03am Dec 25, 2010 4:03am
Quoting fxbr56
My live broker has a min lot size of 0.1, so I'm adapting code to make the EAs I use to trade be compatible. In particular, the MPTM 30+15 which I use to handle positions after the other EAs have entered a position. My question here is does any of the other variables in the MPTM 30+15 EA need to be changed other than these 2:

extern double Close_Lots = 0.02;
extern double Preserve_Lots=0.02;

?
micro account? 4 or 5 digit broker?
Hero calls followed by margin calls...
  • #660
  • Dec 25, 2010 4:05am Dec 25, 2010 4:05am
Quoting austineejo
Hi Steve many thanks for your EA available to all.
I have tried to use this EA but have some issues
1) when i downloaded the most recent update which apparently has more features, it gives me an error 4109 saying trading not allowed under properties. i am sure i have set to the right settings.
i have attached a screen shot

2) when i installed the earlier version it does install and works well except that it will not closed trade partially. the breakeven and jump stop works pretty well

pls i need help
thanks

Austine
change Mt4 settings to the following:
Attached Image
Hero calls followed by margin calls...
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