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  • #21
  • Dec 28, 2010 6:24am Dec 28, 2010 6:24am
nice work, ninponjutsu.

thank you.
  • #22
  • Dec 28, 2010 7:52am Dec 28, 2010 7:52am
Hi Ninpojustsu and Kiscan,

Thank you for your input, is there an EA available for this?


Keep up the goodwork

Cheers
  • #23
  • Dec 28, 2010 8:58am Dec 28, 2010 8:58am
Quoting momo2k11
Hi Ninpojustsu and Kiscan,

Thank you for your input, is there an EA available for this?


Keep up the goodwork

Cheers
this is what iīm looking for.
  • #24
  • Dec 28, 2010 9:13am Dec 28, 2010 9:13am
Quoting kiscan
Quote:
Originally Posted by globalinvest http://cdn.forexfactory.com/images/buttons/viewpost.gif
How does this approach exactly work ?

Let us say you buy eur/usd at 1.3500. You then place a sell order at 1.3480 and a buy order at 1.3520. If price goes up to 1.3520 the buy order is triggered - what do you do with the previous sell order at 1.3480 ? Cancel it ?

[i]And do you then place a buy order at 1.3540 and a sell order at 1.3500...
hi kiscan,

i think there is some confusion on this. can you name each order and explain

lets cmp is 1.35, place order 1 at cmp, buy order 2 at 1.3520, sell order 3 at 1.3480. now price goes to 1.3520, move order 1 to BE. what to do with order 3 ? now place buy order 4 at 1.3540, sell order 5 at 1.35. now price goes to 1.3540. what happens to order 1? what happens to order 2 ? .....

unless this is clear, coding becomes difficult. please explain all scenarios with example and numbers..
  • #25
  • Dec 28, 2010 10:09am Dec 28, 2010 10:09am
ok, i try to explain it slowly

example
1: open buy 1.3500 sl 1.3480
send 2 pending orders 1 buy stop 1.3520 sl 1.3500
1 sell stop 1.3480 sl 1.3500

price reach 1.3520

2: 1st open buy, move the sl at break even 1.3500(20 pips floating)
send 2 pending orders 1 buy stop 1.3540 sl 1.3520
1 sell stop 1.3500 sl 1.3520

price reach 1.3540

3: 1st open buy, we do nothing (buy at 1.3500 sl 1.3500:40 pips floating)

2nd open buy, move the stop at break even ( buy at 1.3520 sl 1.3520: 20 pips floating)

send 2 pending orders 1 buy stop 1.3560 sl 1.3540
1 sell stop 1.3520 sl 1.3540

price reach 1.3560

4: 1st open buy, we do nothig (buy at 1.3500 sl 1.3500 60pips floating)

2nd open buy, we do nothing(buy at 1.3520 sl 1.3520 40 pips floating)

3th open buy, move sl to break even(buy at 1.3540 sl 1.3540 20 pips floating)

send 2 pending orders 1 buy stop 1.3580 sl 1.3560
1 sell stop 1.3540 sl 1.3560

in this moment we got

4 open buys with 120 pips floating and risking only 20 pips
1 pending order buy at 1.3580
4 pending order sell at 1.3540-1.3520-1.3500 and 1.3480

the trend change and drop to 1.3500

the last buy order loss 20 pips all the buy orders are closed one by one in break even each, while the sellstops are trigered and now we got 60 pips floating 1 sell at 1.3540 an 1sell at 1,3520

everytime we reach a new level we put 2 pending orders 1 sell and one buy with 20 pips stot loss each one.
  • #26
  • Dec 28, 2010 10:34am Dec 28, 2010 10:34am
Thanks for the explanation...I was able to get the picture now. Is there a recommended TP? or is that just an individual choice...
  • #27
  • Dec 28, 2010 10:45am Dec 28, 2010 10:45am
Quoting Jbomb21990
Thanks for the explanation...I was able to get the picture now. Is there a recommended TP? or is that just an individual choice...
yes, tp is a individual choice, you can use a x number of pips or levels, s/r, when you think that is enought for you, or you can close many orders and let the others run.
  • #28
  • Dec 28, 2010 10:54am Dec 28, 2010 10:54am
Quoting kiscan
yes, tp is a individual choice, you can use a x number of pips or levels, s/r, when you think that is enought for you, or you can close many orders and let the others run.
Thanks Kiscan....I appreciate your time
  • #29
  • Dec 28, 2010 11:04am Dec 28, 2010 11:04am
I recommed to use this system in combination whit your owns system.

it could be used alone and wait for a new trend, but if you use it in combination whit one profitable system you can easy multiply your profit.
  • #30
  • Dec 28, 2010 11:14am Dec 28, 2010 11:14am
Roundrock or other coders. just an idea. otherwise you will end up like 1000 versions as with art phantom EA.

if your going to program this.

do not think yet about take profits or exits. let that be manual for this moment.
money management or exits can always be programmed later on.

just add the standard, basic idea into an EA as described above.

i know a bit how programmers work. and they overcomplicate things fast.

just a basic Ea is enough.

if that works. go to step 2. money managment or closing.

when people have a good idea here with input.

for example snowball kiscan

somebody else got another idea snowball ninpojutsu.

that way we can also look back easy at peoples post what kind of exit or strategy they apply. without having the same problem as ARt phamton Ea were you need to go into every page to find out which EA is orginal and which are different ones.

goodluck
  • #31
  • Dec 28, 2010 11:35am Dec 28, 2010 11:35am
Hi Again,

Quick question it may sound stupid to some of you out there, but Kiscan from that example you just showed at which point do you pull out and collect the pips? Because if each order is hitting BE then the sell orders will be triggered but what happens if vice versa the price starts moving up again the orders will close at break even so when do we take profit?


thanks
  • #32
  • Dec 28, 2010 1:06pm Dec 28, 2010 1:06pm
Quoting momo2k11
Hi Again,

Quick question it may sound stupid to some of you out there, but Kiscan from that example you just showed at which point do you pull out and collect the pips? Because if each order is hitting BE then the sell orders will be triggered but what happens if vice versa the price starts moving up again the orders will close at break even so when do we take profit?


thanks
hi, momo.

this is only a detailed example of how the system works, and how the EA should works.

in a real trade, you decide when to finish, based on your own thinking or system.

in my case i decide it based on S/R, trendlines and price action.
  • #33
  • Dec 28, 2010 1:30pm Dec 28, 2010 1:30pm
okay thanks mate
  • #34
  • Dec 28, 2010 1:33pm Dec 28, 2010 1:33pm
Quoting trade4fun
do not think yet about take profits or exits. let that be manual for this moment.

just add the standard, basic idea into an EA as described above.

goodluck
hi, trade4fun.

iīm agree whit you in the basics, i donīt think coders overcoplicate the system, they try to do it better.

i think, this ea should have 3 variables:

1: lot size (fixed, whitout MM)
2: range between the orders (to allow short of long term trading)
3: and a possible exits based on a % of the account or a number of pips.

this 3rd variable itīs not many important at this moment.

best regards.
  • #35
  • Dec 28, 2010 1:35pm Dec 28, 2010 1:35pm
Quoting trade4fun
Roundrock or other coders. just an idea. otherwise you will end up like 1000 versions as with art phantom EA.

if your going to program this.

do not think yet about take profits or exits. let that be manual for this moment.
money management or exits can always be programmed later on.

just add the standard, basic idea into an EA as described above.

i know a bit how programmers work. and they overcomplicate things fast.

just a basic Ea is enough.

if that works. go to step 2. money managment or closing.

when people have a good idea here with...
Here's another idea... what about moving/lock profit of first open position in 20 pips profit, when second position is moved to BE and third position is being opened (in meaning of 3 opened trades in the same direction) - in this variant if trend goes oposite, one trade becomes loss (20 pips), other will be closed at BE and first will be closed by hitting SL w/ 20 pips in profit

we can also trail SL of additional opened positions
  • #36
  • Dec 28, 2010 1:35pm Dec 28, 2010 1:35pm
thanks to roundrock, for his interest in this thread.
  • #37
  • Dec 28, 2010 1:59pm Dec 28, 2010 1:59pm
Quoting kapybara
Here's another idea... what about moving/lock profit of first open position in 20 pips profit, when second position is moved to BE and third position is being opened (in meaning of 3 opened trades in the same direction) - in this variant if trend goes oposite, one trade becomes loss (20 pips), other will be closed at BE and first will be closed by hitting SL w/ 20 pips in profit

we can also trail SL of additional opened positions
hi, kapybara.

no, this system doesnīt work well this way. a litlle retracement destroy all the snowball

we arenīt looking for small profits.

whit a 20 range pips, we are looking for a 200-300 pips movement. look the image of the first post.

you can manage your open positions your own way, but the EA that iīm looking for donīt trail the stops.

best regards.
  • #38
  • Dec 28, 2010 3:13pm Dec 28, 2010 3:13pm
If Steve Hopwood was interested, he would have this coded in between his piano key strokes, but I do not know how busy he is with coding other stuff, may be someone knows. I hope he doesn't ban me for for mentioning his name.
Regards
BipBear
  • #39
  • Dec 28, 2010 5:13pm Dec 28, 2010 5:13pm
I wrote an ea right away as I saw this thread.. But I am not a pro... I just learned the mql my self... So My ea lack of error mechanism... I just send a photo what my ea did today... if I feel couraged enough I will maybe post the ea... But I have to try forward testing first.. Here is a image....
Attached Image (click to enlarge)
Click to Enlarge Name: try1.png Size: 164 KB
  • #40
  • Dec 29, 2010 4:34am Dec 29, 2010 4:34am
good job, cozbek!!

as we can see in the image, more than 800 pips(floating) in a down trend of 150pips

i can see your range is 10 pips, how many looses? and how many break evens?

thank you a lot.
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