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Multi-purpose trade management EA

  • #781
  • Aug 10, 2011 9:42am Aug 10, 2011 9:42am
Quoting Aad
Thanks Steve, I was wondering if the following could ever be added?

A trailing stop option that does the following:

A trailing stop option that uses the previous high/low of a candle/bar, and the user can define how many previous candles to trail by and also what time frame candle/bar to use...
Quoting SteveHopwood
It is not just the nag that counts, but the timing of the nag and this just happens to coincide with something I am working on at the mo.

Done and uploaded to post 1 - see the Updates section for details.

I have not tested this. The code is simple enough but we all know what a dimwit I am, so sing out if it does not work as intended.

Well it took a few years, he he...but do my eyes deceive me or perhaps the request on the first page of this topic has finally come true or almost true. LOL!

Thanks SteveHopwood, I can't wait to try it out...
  • #782
  • Aug 11, 2011 1:54pm Aug 11, 2011 1:54pm
Steve,

I have been using MPTM on several accounts. I had to install new terminals for my live accounts earlier today. Now that I have them set up MPTM is not working correctly and I can not figure out why. I am using it to trade baskets. I have trade baskets true, a global SL set, no global tp, and jumping stop settings. They all show up on the display, and the smiley face indicates the EA is running. However, the display is not picking up the change in value from the basket, it displays 0, and thus does not kick in. Any thoughts? Sorry for hassling, but my brain is fried from a long week, and I can not for the life of me figure out what is wrong. I have uninstalled and reinstalled the EA several times today.
  • #783
  • Aug 11, 2011 4:53pm Aug 11, 2011 4:53pm
Quoting Aad
Well it took a few years, he he...but do my eyes deceive me or perhaps the request on the first page of this topic has finally come true or almost true. LOL!

Thanks SteveHopwood, I can't wait to try it out...
Hehe. Final proof that everything comes to those who wait; eventually.

Back in 2008, nobody was to know that I respond to gentle nagging; I did not even know that I respond to gentle nagging. Might be worth bearing in mind in the future.

Anyhow, sorry about the gap between request and fulfilment.

  • #784
  • Aug 11, 2011 4:57pm Aug 11, 2011 4:57pm
Quoting panamamike
Steve,

I have been using MPTM on several accounts. I had to install new terminals for my live accounts earlier today. Now that I have them set up MPTM is not working correctly and I can not figure out why. I am using it to trade baskets. I have trade baskets true, a global SL set, no global tp, and jumping stop settings. They all show up on the display, and the smiley face indicates the EA is running. However, the display is not picking up the change in value from the basket, it displays 0, and thus does not kick in. Any thoughts? Sorry...
No idea. Try closing the platforms, deleting the .mq4 and .ex4 files, then redownloading mptm. Re-run the platform, load mptm into the editor and recompiling.

I don't know if this will work, but it is what I would do.

  • #785
  • Aug 25, 2011 4:00am Aug 25, 2011 4:00am
Hi Steve,

any chance you could add a scale-in module to your mptm, with the ability to open new trades automatically at a set number of pips, with a set lot size?

I think this would be a great additional feature to what must already be the best utility EA in forex.

regards,

Craig
TRADE FOR SWAP
  • #786
  • Aug 25, 2011 11:04am Aug 25, 2011 11:04am
Quoting cgldsmth
Hi Steve,

any chance you could add a scale-in module to your mptm, with the ability to open new trades automatically at a set number of pips, with a set lot size?

I think this would be a great additional feature to what must already be the best utility EA in forex.

regards,

Craig
good day cgldsmth,
been thinking about the following as well:

(1) A trade#1 is in profit By x Pips
(2) Wait till it advances to a preset Y Pips
(3) Add another trade#2 of the same type, in the same direction
(4) if trade#2 similarly advances to Y pips in profits, add another...
(5) From trade#1 and beyond, each time, if the market has advanced by say the same Y Pips, over say the last N candles, indicating trend in still holding, could be a further check to see that aother trade in that direction could be supported.
(6) New trades added would of course be managed by MPTM via: JS, BE, BEP etc., Just that this additional feature would seek to make the most of a significant trend/move.

(7) Note this has similarities to a function Sir Hopwood recently developed/implemented called Caterpillar where the exiting trade is in profit, then it is moved to BE and another trade is added. and thos continues

Having this (these combined capabilities) in MPTM would certainly be a plus.

Just checking if this is what you had in mind. If it (this scaling in. Stacking, pyramiding) has enough value and traction, as always, schedule permitting, Sir Hopwood will assit.

Bless!
  • #787
  • Aug 25, 2011 12:44pm Aug 25, 2011 12:44pm
Yes something along those lines would be very useful.

Quoting pathumracled
good day cgldsmth,
been thinking about the following as well:

(1) A trade#1 is in profit By x Pips
(2) Wait till it advances to a preset Y Pips
(3) Add another trade#2 of the same type, in the same direction
(4) if trade#2 similarly advances to Y pips in profits, add another...
(5) From trade#1 and beyond, each time, if the market has advanced by say the same Y Pips, over say the last N candles, indicating trend in still holding, could be a further check to see that aother trade in that direction could be supported.
(6) New trades added...
TRADE FOR SWAP
  • #788
  • Aug 30, 2011 9:10am Aug 30, 2011 9:10am
Craig, Patrick, just to let you know that I am not ignoring your requests.

This is complicated to do in a multi-pair environment and needs some thinking about. I may need prodding from time to time.

  • #789
  • Aug 30, 2011 10:27am Aug 30, 2011 10:27am
Quoting SteveHopwood
Craig, Patrick, just to let you know that I am not ignoring your requests.

This is complicated to do in a multi-pair environment and needs some thinking about. I may need prodding from time to time.

Thanks Sir Hopwood,
at times it seems unconscionable to even add to the exploding level of requests.

When done, it will be well done, of that we are assured.

Bless!
  • #790
  • Edited 2:50am Sep 1, 2011 2:05am | Edited 2:50am
Steve,

I am running MPTM on several live and demo accounts. On some I use hedging. When the hedge trade is triggered it does not work for 2 step Crims if a SL is included. My guess is that it is not set up to do two step trade orders. Any chance that can be changed?

Also, I have MPTM managing by MN. The jumping stop etc is working great. However, when it opens a hedge trade at - 100 pips, with no SL or TP on the hedge, the trade opens and then closes almost right away. The account is aable to hedge no problem as I have manually entered the hedges. At first I thought it might have been the Close at BE for the hedged pair was not working correctly, but even turnign that off, recompiling etc. it is still closing the hedged trades within 1.5 pips. Any ideas?
  • #791
  • Sep 1, 2011 2:15am Sep 1, 2011 2:15am
Quoting panamamike
Steve,

I am running MPTM on several live and demo accounts. On some I use hedging. When the hedge trade is triggered it does not work for 2 step Crims if a SL is included. My guess is that it is not set up to do two step trade orders. Any chance that can be changed?
Yes. Leave it with me.

  • #792
  • Edited 7:07am Sep 1, 2011 2:55am | Edited 7:07am
Also, I have MPTM managing by MN. The jumping stop etc is working great.

However, when it opens a hedge trade at - 100 pips, with no SL or TP on the hedge, the trade opens and then closes almost right away. The account is able to hedge no problem as I have manually entered the hedges. At first I thought it might have been the Close at BE for the hedged pair was not working correctly, but even turning that off, recompiling etc. it is still closing the hedged trades within 1.5 pips. When the hedge trade closes the Global Variables always remain as well. Any ideas? Have you ever encountered this?
  • #793
  • Sep 28, 2011 4:15pm Sep 28, 2011 4:15pm
Hi Steve

Just wanted to say thank you for the MPTM ea. I was looking for an instant trailing stoploss and a kind soul pointed me here. Your pdf was esp useful to a technomoron like me, lol. The instant trailing stoploss works a treat. Many thanks again.

Regards
Bak
  • #794
  • Sep 28, 2011 6:19pm Sep 28, 2011 6:19pm
Quoting Bakuli
Hi Steve

Just wanted to say thank you for the MPTM ea. I was looking for an instant trailing stoploss and a kind soul pointed me here. Your pdf was esp useful to a technomoron like me, lol. The instant trailing stoploss works a treat. Many thanks again.

Regards
Bak
Great to be able to help.

  • #795
  • Sep 30, 2011 2:51pm Sep 30, 2011 2:51pm
I'm hoping someone can clarify a mistake I'm making that is driving me nuts. I've been using this brilliant piece of programming for quite a while and consider myself fairly adept at it's use...but why can't I get it to place a hedge? It must be something obvious and it's staring me right in the face, because I swear I've tried everything I can think of.

Hedging crim? check
proper lotsize? check
Hedge enabled? check

I've tried so many set combo's and there is no change for me. I will note that I have used another of steve's EA's (the beast, I think) with the hedging preset at default and I was getting hedges then.

I have read this entire thread more than once- and did a search and read every post related to "hedge". A couple of posts came close to my predicament but not quite. I normally enjoy figuring these things out on my own, but this isn't fun any more.

I did note one post suggested changing the inputs and recompiling...does this mean actually modifying the code, compile the file and reload it? Or are they just refering to changing the inputs and switching the EA on again?

I will note that I am getting the error: 2011.09.30 20:25:06 Multi purpose trade manager EURUSD,M1: Error = invalid stops
on both platforms I'm using.

Right now, I'm sure someone is rolling their eyes at this and thinking "who is this dimwit"

Signed: Can't see the forest for the trees!
  • #796
  • Sep 30, 2011 3:51pm Sep 30, 2011 3:51pm
Quoting wolfeman
I'm hoping someone can clarify a mistake I'm making that is driving me nuts. I've been using this brilliant piece of programming for quite a while and consider myself fairly adept at it's use...but why can't I get it to place a hedge? It must be something obvious and it's staring me right in the face, because I swear I've tried everything I can think of.

Hedging crim? check
proper lotsize? check
Hedge enabled? check

I've tried so many set combo's and there is no change for me. I will note that I have used another of steve's EA's (the beast,...
* Rolls eyes * Who is this dimwit?

Only kidding. You contribute enough at FF to deserve a sensible answer.

Not that I can help by offering a solution because I have no idea what your problem is. I do make a suggestion. That invalid stops error will offer the clue to whatever solution is awaiting

Invalid stop errors are thrown up under three circumstances:

 

  1. stop loss is too close to the market to be allowed
  2. take profit is too close to the market to be allowed
  3. a pending trade price is too close to the market to be allowed

Some combination of what you are trying to do is not allowed by your criminal. This may not necessarily be your fault.

I first coded mptm to manage simple stop loss scenarios in the days before the wally-plonker-dipstick-turdminded-pathetic-feeble-crap_for_personalities-infertile-mother******* crims came up with the neat idea of confusing everything by offering their valued customers 5 digit quotes.

Since then, mptm has grown into a hydra-headed monster. That there are not more posts like yours is a miracle along the lines of the Third Coming (and yes, I do know that I have missed out the second). It might simply be LUC holding The Bender of the Century.

So, look at your stops/pending trade prices. After that, there might not be a solution.

  • #797
  • Sep 30, 2011 4:26pm Sep 30, 2011 4:26pm
Hey Steve, I know how busy you are- thanks for taking the time at 10:00 pm on a Friday night. (it's still early afternoon here)

What puzzles me is that I've been running MPTM for months on one plat and it does it all- I use a lot of the features to scale out, jump, BE etc.. and this thing never misses a beat!

My crims are IBFX Aussie and FXCBS- both allow hedging and any other MPTM feature works just fine even with the constant error message.

Can you reccomend an EA of yours that hedges like crazy at default settings? Perhaps if I ran that side by side, I could get to the bottom of this...

Thanks again from sunny (but heavily forrested )California
  • #798
  • Sep 30, 2011 4:38pm Sep 30, 2011 4:38pm
Quoting wolfeman
Hey Steve, I know how busy you are- thanks for taking the time at 10:00 pm on a Friday night. (it's still early afternoon here)

What puzzles me is that I've been running MPTM for months on one plat and it does it all- I use a lot of the features to scale out, jump, BE etc.. and this thing never misses a beat!

My crims are IBFX Aussie and FXCBS- both allow hedging and any other MPTM feature works just fine even with the constant error message.

Can you reccomend an EA of yours that hedges like crazy at default settings? Perhaps if I ran that...
It was blazingly hot here today - hottest last day in Sept since records began. Apparently, tomorrow is due to be the hottest Oct day since records began. Nice.

To business:

Thing is, it is not necessarily anything you are doing wrong - unless you have overlooked an apparently insignificant-looking setting. Don't totally dismiss this possibility - I do this all the time, yet I am the coder.

It could simply be that you have hit upon a set of circumstance that mptm cannot deal with.

All the hedging functions in my other bots are based on this one, so I cannot think of another ea you might use as a comparison. Over to others here................

Try describing what you are trying to do. I do not guarantee this will elicit a solution, but you never know. Mind, if it turns out you have missed something basic, then prepare for some heavy-duty mockery and scorn.

Are you man enough to risk it?

  • #799
  • Oct 8, 2011 10:48am Oct 8, 2011 10:48am
Quoting SteveHopwood
It was blazingly hot here today - hottest last day in Sept since records began. Apparently, tomorrow is due to be the hottest Oct day since records began. Nice.

To business:

Thing is, it is not necessarily anything you are doing wrong - unless you have overlooked an apparently insignificant-looking setting. Don't totally dismiss this possibility - I do this all the time, yet I am the coder.

It could simply be that you have hit upon a set of circumstance that mptm cannot deal with.

All the hedging functions in my other bots are based...
Hey Steve, do you think you could write an EA that would control the temperature of the planet and straighten out the weather. You know a NBSH CT weather EA ver. 100.0
  • #800
  • Oct 8, 2011 11:03am Oct 8, 2011 11:03am
Quoting nanningbob
Hey Steve, do you think you could write an EA that would control the temperature of the planet and straighten out the weather. You know a NBSH CT weather EA ver. 100.0
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