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Multi-purpose trade management EA

  • #701
  • Feb 25, 2011 6:26am Feb 25, 2011 6:26am
Hi, I am not sure if this function is all ready in the EA or not.
I would like the EA to close all orders at
ProfitAsPercentageOfEquity.
  • #702
  • Feb 28, 2011 2:39am Feb 28, 2011 2:39am
Hi Steve,
I'm testing Brijon EA with MPTM as per your set file.
Since the EA doesn't open the same number of orders maybe would be interesting to enable a dynamic PipProfit Calcultion based on number of orders, so we can set a minimum PipProfit per order.

What do you think?

Cheers
gspe
  • #703
  • Feb 28, 2011 2:58am Feb 28, 2011 2:58am
Quoting gspe
Hi Steve,
I'm testing Brijon EA with MPTM as per your set file.
Since the EA doesn't open the same number of orders maybe would be interesting to enable a dynamic PipProfit Calcultion based on number of orders, so we can set a minimum PipProfit per order.

What do you think?

Cheers
gspe
Yes. I was trying to mod the MPTM 6 months ago to get that function. I tried in this part
extern double FourToSevenTradesPercent=1;
extern double EightToTwelveTradesPercent=2;
extern double ThirteenPlusTradesPercent=3;
But PipProfit per order will be better.
The thing is that MPTM needs to recalculate and update if there has come in new orders.
  • #704
  • Feb 28, 2011 3:50am Feb 28, 2011 3:50am
I am trying out the hedge function with the following settings (set file attached too) with GoMarkets broker.

HedgeAtLossPips=50
HedgeLotsPercent=50.00000000
HedgingIncrementPips=50
HedgeTradeStopLoss=30
HedgeTradeTakeProfit=50

However, when the attached trade reached the hedge trigger level not only it did not open a hedge trade but also I am getting a continuos stream of the following error in the expert panel

2011.02.28 04:23:45 Multi purpose trade manager EURUSD,H1: Error = invalid stops

Help appreciated.
Attached Image (click to enlarge)
Click to Enlarge Name: hedge.png Size: 39 KB
Attached File(s)
File Type: txt hedge.txt   4 KB | 533 downloads
  • #705
  • Edited 4:41am Feb 28, 2011 4:15am | Edited 4:41am
Quoting fxcrazzy
I am trying out the hedge function with the following settings (set file attached too) with GoMarkets broker.

HedgeAtLossPips=50
HedgeLotsPercent=50.00000000
HedgingIncrementPips=50
HedgeTradeStopLoss=30
HedgeTradeTakeProfit=50

However, when the attached trade reached the hedge trigger level not only it did not open a hedge trade but also I am getting a continuos stream of the following error in the expert panel

2011.02.28 04:23:45 Multi purpose trade manager EURUSD,H1: Error = invalid stops

Help appreciated.
What is your lot size. If its 0.01 then you cannot use HedgeLotsPercent=50

Edit: Now I saw your lotsize in the picture. Then it cannot be that.
  • #706
  • Feb 28, 2011 12:41pm Feb 28, 2011 12:41pm
Steve,

small bug in MPTM function CloseBasketTrades():
it should have the additional check on "AllTradesBelongToBasket" if you don't drive the Basket with MagicNumbers or TradeComments:
(just like in CalculateBasketPL() ):

if ((ManageByMagicNumber && OrderMagicNumber()==MagicNumber) || (ManageByTradeComment && OrderComment()==TradeComment) || AllTradesBelongToBasket)


Sq
  • #707
  • Feb 28, 2011 1:18pm Feb 28, 2011 1:18pm
Quoting squalou
Steve,

small bug in MPTM function CloseBasketTrades():
it should have the additional check on "AllTradesBelongToBasket" if you don't drive the Basket with MagicNumbers or TradeComments:
(just like in CalculateBasketPL() ):

if ((ManageByMagicNumber && OrderMagicNumber()==MagicNumber) || (ManageByTradeComment && OrderComment()==TradeComment) || AllTradesBelongToBasket)


Sq
Cheers Sq.

I have made the change; update from post 1 as usual. This is not a serious bug for anyone not using the basket features, but it is wise to update anyhow; you never know when you might find yourself doing exactly this.

  • #708
  • Feb 28, 2011 1:20pm Feb 28, 2011 1:20pm
Quoting gspe
Hi Steve,
I'm testing Brijon EA with MPTM as per your set file.
Since the EA doesn't open the same number of orders maybe would be interesting to enable a dynamic PipProfit Calcultion based on number of orders, so we can set a minimum PipProfit per order.

What do you think?

Cheers
gspe
I agree, and will look into this at some stage.

  • #709
  • Feb 28, 2011 5:14pm Feb 28, 2011 5:14pm
Quoting SteveHopwood
Cheers Sq.

I have made the change; update from post 1 as usual. This is not a serious bug for anyone not using the basket features, but it is wise to update anyhow; you never know when you might find yourself doing exactly this.

I found that while setting up a fresh account today to run B exclusively, and setup MPTM in pure basket with no MagicNumber filter (useless in this case).
This is a very unusual case i agree.

Sq
  • #710
  • Feb 28, 2011 6:34pm Feb 28, 2011 6:34pm
Quoting squalou
I found that while setting up a fresh account today to run B exclusively, and setup MPTM in pure basket with no MagicNumber filter (useless in this case).
This is a very unusual case i agree.

Sq
It just takes my breath away that you found it in the first place.

Guys, believe me. this was a piece of unbelievable brilliance. Someone else's code is ridiculously difficult to read. Amateur coders code is stupidly ridiculously difficult to read.

This particular amateur coder was right at the start of his coding career when he coded mptm. The code resembles a bowl of spaghetti far more than it resembles anything useful or intelligent.

Spotting a bloop in the middle of that lot - what can I say? Wow?

Double wow?

Triple wow?

With added wow sauce?

And an extra helping of extra-hot wow with chips 'n chilli on the side?

Wow.

  • #711
  • Feb 28, 2011 9:48pm Feb 28, 2011 9:48pm
I know this is not the right place but I am getting similar error in The Old Beast EA too (EA is running with full default settings). No error shows up in journal though

2011.02.28 22:00:02 The Old Beast GBPUSD,H1: GBPUSD OP_SELLSTOP order send failed with error(130): invalid stops

2011.02.28 22:35:57 The Old Beast AUDUSD,H1: AEB setting of breakeven SL AUDUSD ticket no 36706048 failed with error (130): invalid stops

Last one I have got as an alert messsage too.

What could be the problem? Something with GoMarkets broker?

Quoting fxcrazzy
I am trying out the hedge function with the following settings (set file attached too) with GoMarkets broker.

HedgeAtLossPips=50
HedgeLotsPercent=50.00000000
HedgingIncrementPips=50
HedgeTradeStopLoss=30
HedgeTradeTakeProfit=50

However, when the attached trade reached the hedge trigger level not only it did not open a hedge trade but also I am getting a continuos stream of the following error in the expert panel

2011.02.28 04:23:45 Multi purpose trade manager EURUSD,H1: Error = invalid stops

Help appreciated.
  • #712
  • Mar 1, 2011 1:04am Mar 1, 2011 1:04am
can i close all the order at specific time?
For example , close all inclUding pending orders at 22 GTM??
What goes up must come down.
  • #713
  • Mar 1, 2011 6:57am Mar 1, 2011 6:57am
Quoting fxcrazzy
I know this is not the right place but I am getting similar error in The Old Beast EA too (EA is running with full default settings). No error shows up in journal though

2011.02.28 22:00:02 The Old Beast GBPUSD,H1: GBPUSD OP_SELLSTOP order send failed with error(130): invalid stops

2011.02.28 22:35:57 The Old Beast AUDUSD,H1: AEB setting of breakeven SL AUDUSD ticket no 36706048 failed with error (130): invalid stops

Last one I have got as an alert messsage too.

What could be the problem? Something with GoMarkets broker?
Add an extra "0" to the stoploss setting in the external parameters of the EA. Maybe the oldbeast was setup for 4 digit brokers so by default that stoploss value of 50 will == 5 pips on your GO markets account and some brokers will not allow you to place a stoploss less than 10 pips from entry hence the Error
  • #714
  • Mar 1, 2011 7:39am Mar 1, 2011 7:39am
Latest update is in post 1.

I have added dynamic pips profit to the Global profit close function. I have not updated the user guide yet, so set:

 

  1. GlobalOrderClosureEnabled to true
  2. ProfitInPips to true
  3. UseDynamicPipsProfit to true
  4. PipsPerTrade is your profit target per open trade. If you set this to, say, 5 and there are 6 open trades, the mptm will close the position when the overall upl hits 30(0) pips.

  • #715
  • Mar 1, 2011 10:50am Mar 1, 2011 10:50am
The update had a logic failure - I accommodated x digit crims twice.

Fix in post 1.

  • #716
  • Mar 1, 2011 12:05pm Mar 1, 2011 12:05pm
Hi steve,

I hope I don't bug you ;-) but I have some problem.
Your EA runs and I have set some settings:
Magic# to 777
I use the BE 15+3
the trailing stop at 50 pips (default I guess) and set at BE only
and the set missing stop at 50 pips
all other options are turned false

now the problem:
as soon as the price is at BE the EA starts to set the stop 10 pips away from the price when price moves for me.
does this work as intended? can you help me fix it?
I use IBFX Australia and a micro account

thanks in advance
you're doing a great job

best regards


//edit
damn
I thought I have an example but I only have one with the newer version. I used the version from NB1.0 thread and there
was a log entry with the stop and the current price
It also seems that the price is first 15 pips away and with every price action in my direction it lowers to 10.
very strange :/
  • #717
  • Mar 1, 2011 5:06pm Mar 1, 2011 5:06pm
Quoting SteveHopwood
The update had a logic failure - I accommodated x digit crims twice.

Fix in post 1.

Hi Steve,

I was just testing out the new global profit features and had inputs like what you mentioned a few posts up, except for only managing one pair, however it closed all my trades (different pairs) when it hit the required amount of pips. Is this a bug or does global profit have to work this way? I just assumed I could use global profit on one or only several pairs, as well as all trades.

regards,

Murray
  • #718
  • Mar 1, 2011 5:15pm Mar 1, 2011 5:15pm
Quoting muzza
Hi Steve,

I was just testing out the new global profit features and had inputs like what you mentioned a few posts up, except for only managing one pair, however it closed all my trades (different pairs) when it hit the required amount of pips. Is this a bug or does global profit have to work this way? I just assumed I could use global profit on one or only several pairs, as well as all trades.

regards,

Murray
You are confusing basket with global closure. Global means the entire position regardless of how the trades were generated.

This is a classic example of why even mptm must be demo-traded until users are comfortable with it.

  • #719
  • Mar 1, 2011 6:08pm Mar 1, 2011 6:08pm
Quoting SteveHopwood
You are confusing basket with global closure. Global means the entire position regardless of how the trades were generated.

This is a classic example of why even mptm must be demo-traded until users are comfortable with it.

Thanks Steve, it was demo, just testing mptm to try and watch how it worked and confirm what i thought would happen, which was obviously wrong.

cheers,

murray
  • #720
  • Mar 1, 2011 6:14pm Mar 1, 2011 6:14pm
Quoting muzza
Thanks Steve, it was demo, just testing mptm to try and watch how it worked and confirm what i thought would happen, which was obviously wrong.

cheers,

murray
I do not know how a lot of the functions work, and I coded them - this is why I hardly ever reply to, "What do I do........." posts/pm's. I coded a lot of functions in response to requests, have never used them and have forgotten how they work.

I really should re-code the ea in a more rational way but my imagination boggles at the idea of starting again - the code is massive. Hey ho.

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