Multi-purpose trade management EA

Quoting muzza

Disliked

Hi everyone,

I'm wondering if someone can help me diagnose why I am having problems with MPTM's trailing stop feature. Most of the time it is not multiplying the trailing stop input by 10 like all the other input fields do. User Guide says to enter all values in proper pips which I do, and all the inputs seem to do it except the trailing stop, which does it sometimes but not usually. I have tried it on several ecn 5 digit brokers such as Gomarkets, Axitrader, IBFX Aus and always the same issue. Breakeven and instant trail work as they should but...

Ignored

// variables from original program - Do not copy
double TrailingStopPips;
double point;
double bid;
double ask;
// End of variables from original program - Do not copy

//New global variables for TrailingStopLossPercentage
extern bool TrailingStopPercentage = false;
extern int TrailingStopPercentageFromPips = 30;
extern int TrailingStopPercentagePercent = 50;
extern int TrailingStopPercentageMaxPips = 100;
//End of new global variables for TrailingStopLossPercentage



void TrailingStopLossPercentage()
   {
   if (!TrailingStopPercentage) return(0); // User has not chosen this option, so abort
   int ticket;
   double ExistingSL = OrderStopLoss();
   double NewSL;
   double BuyStop=0, SellStop=0, CurrentProfit=0, CurrentTrailPips=0;
   
   if (OrderType()==OP_BUY) 
      {
        if (bid >= OrderOpenPrice() + (TrailingStopPercentageFromPips*point))
           {
           if (bid > ExistingSL + (TrailingStopPercentageFromPips*point))
              {
              CurrentProfit = bid - OrderOpenPrice();
              CurrentTrailPips = MathMin(CurrentProfit * TrailingStopPercentagePercent/100,TrailingStopPercentageMaxPips);
              NewSL= bid - (CurrentTrailPips * point);
              if (NewSL > ExistingSL)
                 {
                 ticket = OrderModify(OrderTicket(),OrderOpenPrice(),NewSL,OrderTakeProfit(),0,CLR_NONE);
               if (ticket>0)
                  {
                  Print("PercentTrailing stop updated: ", OrderSymbol(), ": SL ", NewSL, ": Ask ", ask);
                  }
                 }
              }
           }
      }

if (OrderType()==OP_SELL) 
      {
        if (ask <= OrderOpenPrice() - (TrailingStopPercentageFromPips*point))
           {
           if (ask < ExistingSL - (TrailingStopPercentageFromPips*point))
              {
              CurrentProfit = OrderOpenPrice() - ask;
              CurrentTrailPips = MathMin(CurrentProfit * TrailingStopPercentagePercent/100,TrailingStopPercentageMaxPips);
              NewSL= ask + (CurrentTrailPips * point);
              if (NewSL > ExistingSL)
                 {
                 ticket = OrderModify(OrderTicket(),OrderOpenPrice(),NewSL,OrderTakeProfit(),0,CLR_NONE);
               if (ticket>0)
                  {
                  Print("PercentTrailing stop updated: ", OrderSymbol(), ": SL ", NewSL, ": Bid ", bid);
                  } 
               }
              }
           }
      }
   } 
  
// End of TrailingStopLossPercentage sub

Quoting MikeFT

Disliked

Hello Folks.

I was looking for a Trade manager which will suit my needs for a long time.
It seems I've just found it. Thanks for the good work, Steve.

There is however one feature I'm missing:
Trail by percentage (like in Cave Manager or Ben Trail Stop).
For my personal needs Ben Trail Stop does not have enough features, and the author of Cave Manager does not publish the source code - so both are not my...

Ignored

Quoting newark18

Disliked

Is there a auto_recovery trade manager (in line with NB recovery rules)? I read the PDF and didn't see anything mentioned about it. And I was really hoping for an automated recovery system (when I know trades go bad). Thanks.

Ignored

Quoting SteveHopwood

Disliked

No, there is not. I may one day try to incorporate the feature, but it would be a major piece of coding that I do not yet have the time to tackle.

Ignored

Quoting newark18

Disliked

So I guess I won't be able to do it then.

I was going to look at the recovery feature in beastie and see if I could incorporate into the MPTM EA. But I don't really have a coding background. So I doubt that I could do it especially after your comments.

Ignored

Quoting SteveHopwood

Disliked

You might like to have a go.

I made life easy for myself by enforcing re-entry and breakeven line drawing in Beastie, so that Beastie only has to read the value of the lines. This cannot work with mptm because it has to manage any pair traded by the user.

mptm would need a RecoveryLinePips calculation for each pair traded, then an individual break even calculation, and the results of these calculations need to be stored somewhere. These could be stored in an array, but then you would need to find a way of saving them so that mptm could pick...

Ignored

Quoting SteveHopwood

Disliked

The latest update is in post 1

Ignored

Quoting Chroniclez

Disliked

Hi Steve,

I am an avid user of MPTM. However, I find it hard to understand how to use the Jumping Stop feature. Do you mind explaining to me the following features?

BasketJumpingStop
BasketJumpingStopProfit
BasketAddBEP
BasketBreakEvenProfit
DisableJumpStopAfterBE

I did read the manual guide you have given. However, I still couldn't grasp the concept. Sorry.

Hope I get a reply here since I got none from the Nanningbob thread.

Ignored

Quoting SteveHopwood

Disliked

The latest update is in post 1; this adds the ability to the global order closure feature to close all the trades when their combined total reaches a pre-determined pips count. From the updated user guide:

[list=1][*]ProfitInPips:...

Ignored

Quoting E2u

Disliked

Thanks! Now its working. Now we don't need magic or comment.

Ignored

Quoting SteveHopwood

Disliked

Confirming this in case it is a question rather than a comment. The global closure stuff works on the total p&l, so magic numbers and trade comments are irrelevant.

Ignored

Quoting SteveHopwood

Disliked

You are barred from all further participation in any of my threads.

Ignored

Quoting hndymann

Disliked

Steve, you are my GOD... haha You put a lot of time and effort into that post with an outcome that was so simple and sweet. lol

Ignored