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Multi-purpose trade management EA

  • #721
  • Mar 1, 2011 6:41pm Mar 1, 2011 6:41pm
Excellent thread.

I was wondering Steve, can the scripts have several parts deleted to act as stop loss modifiers?

I'm looking to say

Long on EURUSD 1.3620
Default SL of 20 (so @ 1.3600)

When I am say +5 pips up (I decide manually - not asking for EA to detect x positive pips)

I'd like to be able to drag a set of scripts i.e my own 'trailing' stops but at the pace I want.

So drag a script for a -10 pip sl when I'm in positive territory, then after its up +20 making stop loss a custom +2 pips up etc

Can that be done? If so I'd very much appriciate your help
  • #722
  • Mar 1, 2011 6:48pm Mar 1, 2011 6:48pm
Quoting ConstantFX
Excellent thread.

I was wondering Steve, can the scripts have several parts deleted to act as stop loss modifiers?

I'm looking to say

Long on EURUSD 1.3620
Default SL of 20 (so @ 1.3600)

When I am say +5 pips up (I decide manually - not asking for EA to detect x positive pips)

I'd like to be able to drag a set of scripts i.e my own 'trailing' stops but at the pace I want.

So drag a script for a -10 pip sl when I'm in positive territory, then after its up +20 making stop loss a custom +2 pips up etc

Can that be done? If so I'd very much appriciate...
Just to confirm so that you know what you are looking for. Yes, it can be done. No, I will not do it, but knowing it can be done means you canlook for someone to do it for you.

Mind, a script is not the best for this - you really want an ea.

  • #723
  • Edited Mar 2, 2011 6:13am Mar 1, 2011 7:00pm | Edited Mar 2, 2011 6:13am
Thanks Steve.

I'm looking for a simple Stop Loss Script i.e; when I drag on chart it sets SL to a preset setting of -50 for example.

I know of SL modifiers but having trouble sourcing a script which *just* and *only* changes the stop loss... alot of them have code to change TP etc too.

Any slight of clue?

I appriciate that you haven't got time to be making a hell of a load of stuff for strangers on the net, but i'd very much appriciate your time as it will save me weeks of headache...

If not, then I hope someone reading this thread will be kind enough to help me
  • #724
  • Mar 1, 2011 10:01pm Mar 1, 2011 10:01pm
Quoting Ipndasno
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
Thanks for the tip. I will give it a shot.

EDIT: Nope, TOB is running on a broker with 4 digits I am running the trade management EA on Go markets (which is 5 digits) and at least the display on the chart is correct. I set the HedgeStopLoss as 50 and it correctly shows it as 500 on the screen.
  • #725
  • Mar 2, 2011 3:15am Mar 2, 2011 3:15am
Quoting SteveHopwood
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.

Hi Steve,
if you want, i can try to rewrite/organize the code of MPTM in order to be used as Library, since you use MPTM a lot in yours new EA using a Library should made easy to write and update EA

gspe
  • #726
  • Mar 2, 2011 3:36am Mar 2, 2011 3:36am
Quoting gspe
Hi Steve,
if you want, i can try to rewrite/organize the code of MPTM in order to be used as Library, since you use MPTM a lot in yours new EA using a Library should made easy to write and update EA

gspe
That would be absolutely fantastic. It would be something of an undertaking given the spaghetti-like nature of the code, but it would make life much easier for other coders wanting to tweak mptm for themselves.

Many people would be grateful were you to do this. Don't do this just to make my ea coding easier though; everything I use is contained within the generic shell and I never need to touch this.

Cheers.

  • #727
  • Mar 2, 2011 9:32am Mar 2, 2011 9:32am
Anybody has any pointer around this problem?

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?
  • #728
  • Mar 2, 2011 10:07am Mar 2, 2011 10:07am
Quoting SteveHopwood
That would be absolutely fantastic. It would be something of an undertaking given the spaghetti-like nature of the code, but it would make life much easier for other coders wanting to tweak mptm for themselves.

Many people would be grateful were you to do this. Don't do this just to make my ea coding easier though; everything I use is contained within the generic shell and I never need to touch this.

Cheers.

That sounds great, gspe.

However, my 20-years coding engineer experience taught me that when a piece of code accumulates so many "geological layers" and has yet reached a good quality standard bug-wise (it does what it is expected to do, and it is stable), you are better off keeping adding patches rather than start all over again debugging for years...
Along with the "geological coding layers", you also reach a quite "stable" stage by accumulating a lot of bug fixes that can likely become very sensitive to changes and side-effects (global variables...), and recoding everything is very likely to lead to regressions that are then very long to stabilize again.
The cost for recoding it can become very expensive in time, AND in money, as we and you are depending on how good MPTM will handle our/your trades, and therefore keep our/your own money out of trouble.
If you are going to start this "heavy refreshing" task, I think we should keep both versions in parallel for a while until we decide that the "refreshed" version has reached or even exceeded the "original" version quality.
Just my thoughts.

But that's a nice task to fulfil !

I would even encourage people here to actually read MPTM code, it is really a great benefit in understanding how MT4 works and fails, and how criminals are trying to get away with our money...

Sq
  • #729
  • Mar 2, 2011 4:16pm Mar 2, 2011 4:16pm
Quoting squalou
That sounds great, gspe.

However, my 20-years coding engineer experience taught me that when a piece of code accumulates so many "geological layers" and has yet reached a good quality standard bug-wise (it does what it is expected to do, and it is stable), you are better off keeping adding patches rather than start all over again debugging for years...
Along with the "geological coding layers", you also reach a quite "stable" stage by accumulating a lot of bug fixes that can likely become very sensitive to changes and side-effects...
Thanks Sq for your word
I'll try to do the best i can. I don't want to rewrite the EA, my intention is to extract the functions in order to create a Library of Functions.
I know that this will be hard to do, and my first think is to don't broke anything that works well.

gspe
  • #730
  • Mar 7, 2011 7:29pm Mar 7, 2011 7:29pm
Hi Steve,
I would like to say thanks for sharing your work with us. I would like to also say, for myself and I'm sure many more newbies, would like to thank you for taking the time to include instructions. I have seen a lot of copy this to your expert folder and thats it. Some seem to forget that not all newbies are programmers and adding a EA or Indicator is no good if you don't know how it works or how to use it.
So thanks again.
  • #731
  • Edited 9:27pm Mar 7, 2011 9:07pm | Edited 9:27pm
Hello,steve
The calculation of earnings a bit wrong.
profit tp and profit
profit=====swap+commision+profit???

swap and commision not calculated...
  • #732
  • Mar 7, 2011 10:42pm Mar 7, 2011 10:42pm
I think there is a logic problem in opening a buy or sell stop order here. Some time back I got this error

2011.03.07 21:22:34 '1285649': order buy stop 0.10 GBPUSD opening at 1.6195 sl: 0.0000 tp: 0.0000 failed [Invalid S/L or T/P]

But within 4 minutes the same order got executed. That means the price of the pair at 21:22:34 was not right for a buy stop order of 1.6195. The logic should consider the StopLevel of the broker somehow. May be in teh following line:

if ((Ask <= target || Ask < HalfBottomLine && Low[1] <= BottomLine) && TradeLong)

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?
  • #733
  • Mar 11, 2011 3:44am Mar 11, 2011 3:44am
Hi all,

I've been trialling steve's MPTM for a bit, but I don't think it has the features I want to test. Can anyone help me find an appropriate EA, if indeed one exists?

I want to have a trailing stop that moves in steps, only after a certain point, and have the trail a certain distance behind the market price.

For example:

Once the market price has moved 50 pips in my favour (from entry), I want to set a stepping trail 25 pips behind the market price, moving the stop every 5 pips of positive movement.

I found a stepping trail EA (e-trailing) which does one part, but doesn't have the 'only set after xpips movement' feature.
MTPM's jumping stop would only jump my SL every 25 pips...

Anyone know of an EA that I can use?
  • #734
  • Mar 11, 2011 5:51am Mar 11, 2011 5:51am
Quoting 10.9
Hi all,

I've been trialling steve's MPTM for a bit, but I don't think it has the features I want to test....
Don't think MPTM can do exactly what you want as it is. It probably would be a good addition though. It can do everything apart from the stepping by 5 though, so when your trade hits +50 it can start trailing by 25 pips pip by pip if you have Dont overload 5 digit criminals set to true. Not exactly what you want but pretty close.

cheers,

murray
  • #735
  • Mar 11, 2011 10:25am Mar 11, 2011 10:25am
Quoting 10.9
Hi all,

I've been trialling steve's MPTM for a bit, but I don't think it has the features I want to test. Can anyone help me find an appropriate EA, if indeed one exists?

I want to have a trailing stop that moves in steps, only after a certain point, and have the trail a certain distance behind the market price.

For example:

Once the market price has moved 50 pips in my favour (from entry), I want to set a stepping trail 25 pips behind the market price, moving the stop every 5 pips of positive movement.

I found a stepping trail EA (e-trailing)...
!*!*!
Try thinking of what you wish to accomplish in modules: If I got you right you need (a) a Jumping stop to 50.... Use a single instance for that then turn off all others, disable JS after 50 is Hit. (b) Next you need to have the market trailed by 25 pips... use another instance, set the second to start just beyond where the first started. So at 52 pips, say the second one gets a jumping stop to start at 50, then disable JS after that , but next enable in this second instance, the trailing stop to start at 75, trailing by 25 pips... that combination can do it. If you modularize each task, the EA is so crated to be like a Leggo

The only thing I would want for MPTM at this stage is to be able to Disable all EA's after my chosen target is reached, if I am trading via EA's and be a little faster once the targets are met. When we are in announcements or Fundies, for some reason, targets get blown through but the EA can’t react fast enough.

The latter may not entirely be the EA's fault could be the Broker not choosing to honour the request to close trades. Still I'd like to see it get fast enough to close even on one of those NFP spikes.... Would be great eh?
Bless!
  • #736
  • Mar 11, 2011 10:44am Mar 11, 2011 10:44am
Quoting 10.9
Once the market price has moved 50 pips in my favour (from entry), I want to set a stepping trail 25 pips behind the market price, moving the stop every 5 pips of positive movement.

I found a stepping trail EA (e-trailing) which does one part, but doesn't have the 'only set after xpips movement' feature.
MTPM's jumping stop would only jump my SL every 25 pips...

Anyone know of an EA that I can use?
This isnt exactly what you are looking for but it might be closer to the mark than mptm. The thread isnt too long and there have been several updates so be sure to read through it.

http://www.forexfactory.com/showthread.php?t=236002
  • #737
  • Mar 11, 2011 3:20pm Mar 11, 2011 3:20pm
Quoting pathumracled
The only thing I would want for MPTM at this stage is to be able to Disable all EA's after my chosen target is reached, if I am trading via EA's and be a little faster once the targets are met. When we are in announcements or Fundies, for some reason, targets get blown through but the EA can’t react fast enough.
There is no facility within mql4 to achieve this. I want it too as do many others, but it is not possible.

  • #738
  • Mar 11, 2011 8:04pm Mar 11, 2011 8:04pm
Quoting SteveHopwood
There is no facility within mql4 to achieve this. I want it too as do many others, but it is not possible.

Steve, correct me if I am wrong, but if the MPTM were to communicate via a global variable, an EA could (be compatable with MPTM) by looking for a GV before a trade or have a disable EA statement if the GV is set.

MPTM could have a 1andDone variable that once the tartet is met it sets the GV.

MPTM:::
Inserted Code
  if(targetMet && oneAndDone)
       GlobalVariableSet("DisableAllEas",1);

EA:::
Inserted Code
  
double tradeDisabled=GlobalVariableGet("DisableAllEAs");
 if(tradeDisabled)
    return;

IMO there are enough EA users that use MPTM that EA authors would happily support MPTM and of coarse you your own can support this very easily.

T
  • #739
  • Mar 12, 2011 7:43am Mar 12, 2011 7:43am
Quoting 10.9
Hi all,

I've been trialling steve's MPTM for a bit, but I don't think it has the features I want to test. Can anyone help me find an appropriate EA, if indeed one exists?

I want to have a trailing stop that moves in steps, only after a certain point, and have the trail a certain distance behind the market price.

For example:

Once the market price has moved 50 pips in my favour (from entry), I want to set a stepping trail 25 pips behind the market price, moving the stop every 5 pips of positive movement.

I found a stepping trail EA (e-trailing)...
Have you looked at the ManageTakeProfit EA. Much simpler and might be something you could use.
Attached File(s)
File Type: txt MTP Read Me.txt   2 KB | 1,721 downloads
File Type: mq4 MTP_1.712.mq4   14 KB | 1,135 downloads
  • #740
  • Mar 14, 2011 8:52am Mar 14, 2011 8:52am
Hey I was wondering if anyone has a version of this MPTM that works for ECN brokers. I'm currently using Fxcbs and this EA doesn't work on their mt4 platform. It did work with ibfx mt4 platform though.

If anyone has the ECN version of the mptm, can you share it? Thanks!
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