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Manage Take Profit EA

  • #441
  • Edited 12:08pm Aug 30, 2010 12:06pm | Edited 12:08pm
Quoting FnickB
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
Thanks FnickB,

This last version of MTPv3.3 is working great my complements to your work and of course to Stockwet to originator of the tread.
I hope you will go on with the refining of this great EA, I'm still figuring out the best settings in different scenarios to get it optimized for my trading style.

Thanks again and I wish you allot of PIPS
AJvdB
  • #442
  • Sep 3, 2010 4:06am Sep 3, 2010 4:06am
Hi Stockwet,

Thank you for your hard work and sharing.

I learnt from the Netpicks that you have an EA suitable for HVMM etc.

Would you mind putting up a notice on the first page of this forum that your EA is outdated. I spent many hours reading up on it this past week just to find out it was a waste of time. My mistake, I blame nobody.

Thanks.
  • #443
  • Sep 4, 2010 9:59am Sep 4, 2010 9:59am
Quoting EbenB
Hi Stockwet,

Thank you for your hard work and sharing.

I learnt from the Netpicks that you have an EA suitable for HVMM etc.

Would you mind putting up a notice on the first page of this forum that your EA is outdated. I spent many hours reading up on it this past week just to find out it was a waste of time. My mistake, I blame nobody.

Thanks.
It's not very polite to tell someone their work is a waste of time. I suspect that most of the problems people have had came from not bothering to learn how this thing actually works. Maybe you missed my post where I said I use this EA every week and it works fine, if you understand how to use it. I actually use the first modification, v1.7 because I like the trailing stop feature.

Stockwet, you should actually put a message on page one that says "This is an older EA with several modifications contributed by others, and it still functions with MT4 if you understand how to use it and what you can and can't do with it".

First thing I'm sure most people miss is that you have to set 2nd and 3rd Stops HIGHER than the last Stop Trigger value or it will retrigger the lower (previous) stop again. Second, to use this EA on 2 different trades you have to use a different Magic Number and open a second chart. Third, if you open the EA or change time frames while it's running it will reset it and may close additional lots if price is already past the first TP level. I have had it work with pending orders too, but I usually remove it after the trade is closed. The only thing I don't know is how it handles Requotes.
  • #444
  • Oct 3, 2010 8:02am Oct 3, 2010 8:02am
Hi all.
Is the SL hidden? in "ManageTPv2-4.mq4" version?

thanx
  • #445
  • Oct 8, 2010 3:49am Oct 8, 2010 3:49am
I love the Version 2.4, because the MTP1.9 doesn't work on my short Trades, I'll be kicked out every time.

What I like from the MTP is the sound feature, I tryed to put it in the TPManager 2.4, but it doesn't work. Is there anyone who can help me.

I need only the part after the trade was killed with profit or on the breakeven point, with two different sound files.

I created two sound files with http://www2.research.att.com/~ttsweb/tts/demo.php

The first one will tell me "order closed with profit" the second one "order closed on breakeven"

It would be nice if anyone can code this for me, because I am definitely not a coder.
  • #446
  • Oct 9, 2010 12:50am Oct 9, 2010 12:50am
Quoting Deathless
Hi all.
Is the SL hidden? in "ManageTPv2-4.mq4" version?

thanx
No, the SL is not hidden, take care that the initial SL is activated.

The first time I had problems with the settings because I need a minimum SL from 5 pips, if you choose first SL f.e. 10pips and new SL 8pips it will not work
  • #447
  • Oct 13, 2010 12:21pm Oct 13, 2010 12:21pm
may i have a question? is there any EA which can move my SL every new candle appears about x pips.
for example. i have set my SL to 22 (EURUSD - spread 2, renko 10). so i am telling that one opposite candle is my SL. and i want some EA, which can move this SL every new candle appears with 10 pips less - to -12
so candle 1 - SL -22
candle 2 - SL -12
candle 3 - SL -2
candle 4 - SL +8
and so on
so when opposite candle appears - end of trade.
with trailing set to 35 its not hte same, with this setting i am losing pips.
  • #448
  • Oct 22, 2010 7:04am Oct 22, 2010 7:04am
I know that as price goes up to the first Stop Target it sets the first Stop Loss and the the second SL when the second ST is hit, BUT if the second SL is BELOW the first stop target the first SL will be retriggered. Is there any easy way to program it NOT to retrigger earlier Stops? tx. (if anyone is still watching this topic)
  • #449
  • Oct 24, 2010 9:37pm Oct 24, 2010 9:37pm
Guys, I got confused because of many posts. Can someone give me or post the working ones over here?!
  • #450
  • Nov 22, 2010 2:24pm Nov 22, 2010 2:24pm
Sounds like a great thing, but so many versions and modifications, I don't know what's what. Any way to download a stable, working version with accompanying instructions pertaining to that version? (doesn't have to be the latest)

Thanks!
Shawn
  • #451
  • Nov 23, 2010 7:32am Nov 23, 2010 7:32am
Since this thread is not very active anymore, you should probably just download either MTP 1.7 or later or the ManageTPv2.4 or later and read the comments and documents posted at that time or later. You might want to consider learning some MQL code so you can check it or modify as desired. And DEFINITELY test it on a demo account.
  • #452
  • Dec 28, 2010 6:55am Dec 28, 2010 6:55am
Quoting FnickB
Hello, I took Stockwet's awesome EA and removed the static stop loss settings and set the stop losses up just like he had the take profits. Where you set an initial First_stop_target, stop_target_increment, First_Stop and sl_increment. When First_stop_target is triggered a stop loss gets set to the initial First_Stop value you enter. From here, each time profit rises the stop_target_increment the stop loss is incremented by sl_increment.

Enjoy, hope it helps.


UPDATED v2.5 4/23/2010 12 est.
Thanks a lot. Easy to set up and works great.
I wonder what are the best adjustments to optimize profits whitout kicked out to soon.
  • #453
  • Dec 28, 2010 10:30pm Dec 28, 2010 10:30pm
vs3.3 not puting in sl or tp what vs is everyone using?
  • #454
  • Dec 31, 2010 12:18am Dec 31, 2010 12:18am
Quoting tommbstone
vs3.3 not puting in sl or tp what vs is everyone using?
moved to 1.9 But I think I see what I did wrong with vs3.3
  • #455
  • Jan 2, 2011 1:23am Jan 2, 2011 1:23am
Quoting stockwet
******************************

Updated: 9/5/2010

Hello all. This expert was created 4 years ago. Since then, MetaTrader has introduced many, many new features. This expert is no longer guaranteed to work with these newer versions of MetaTrader and I am not in a position where I can or want to create a new expert. So, read this thread at your own "risk", so to speak. Happy Trading!

******************************



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....
Hello Stockwelt.

I Have a small idea that you maybe can add to the MPT is the Psar stop and psar exit at an opposite signal for example i enter the trade on the 30M time frame than the MPT should place the stop at the psar dot on the 30M time frame and it exit the trade on an opposite psar .

this is just an idea because may people are searching for a save stop and the psar will be the most of the time a save stop level.

Thanks,
Yoenes
  • #456
  • Jan 2, 2011 7:41pm Jan 2, 2011 7:41pm
Quoting tommbstone
moved to 1.9 But I think I see what I did wrong with vs3.3
well to bad 1.9 does not work for me either I'm getting a error 131 and nothing is closing but SL trail works. Why is it so hard to find a simple partical close EA or script that works?
  • #457
  • Jan 3, 2011 2:32pm Jan 3, 2011 2:32pm
works fne
Attached File(s)
File Type: mq4 Trading profit protect_ea.mq4   5 KB | 1,892 downloads
  • #458
  • Jan 4, 2011 10:40pm Jan 4, 2011 10:40pm
Quoting Hodgires
works fne
I may have it covered Hodgires, but does this have the partical close function?

Thx
  • #459
  • Jan 5, 2011 9:46am Jan 5, 2011 9:46am
Quoting Hodgires
works fne

It never moved stop even when i was over 700 pips in profit on default settings so I'd say no it does not work.
Attached Image (click to enlarge)
Click to Enlarge Name: test1.gif Size: 16 KB
  • #460
  • Jan 9, 2011 3:38pm Jan 9, 2011 3:38pm
Anyone knows? Where can I see some video samples of this EA?
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