Disable EA's when profit target reached? | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

How do I disable Tester: Stop Loss and error 148? in MT4 0 replies

Possible for one EA to remove / disable another EA? 4 replies

Is There Any Way to Disable My Mt4 Sound? 5 replies

why do I get a disable with ibfx? 0 replies

How to disable Daily Pivot indicator? 4 replies

Attachments: Disable EA's when profit target reached?
Exit Attachments

Disable EA's when profit target reached?

  • #1
  • First Post: Nov 3, 2011 5:48am Nov 3, 2011 5:48am
Hi Guys,

I've been looking for some time now but to no avail. I was wondering if there is an EA that will close all orders once account balance + open equity in dollars is reached ASWELL as disable all EA trading on all charts (i.e. by unpressing the expert advisors button)?

I've seen many other tools but they either work in percentages or don't have the EA disabling feature.

Lets say I've got a £1000 account, I want £2000 realised or £800 realised, nothing more nothing less.
{Promotion Removed}
  • #2
  • Nov 10, 2011 3:45am Nov 10, 2011 3:45am
anyone?
{Promotion Removed}
  • #3
  • Dec 10, 2011 11:51pm Dec 10, 2011 11:51pm
You would most likely have to disable the ea trading using internet logic


eg

int start() // ea start

static bool tradingallowed=true;

if(tradingallowed==false) { return(0); } // this will exit the ea when you have set tradingallowed false in your logic..

* rest of EA code *

note once the EA has been turned off it won't trade again until you reload it.
  • #4
  • Dec 11, 2011 10:09am Dec 11, 2011 10:09am
You don't disable the EA by pressing a button this is a manual reference not automatic... you disable it with code telling it what to do in various circumstances.

For example if your trades hit a profit target situation that the EA has been coded with you can have the EA disallow new trades from being set and then close the existing open trades.

Once these open trades are closed the EA can then start up again and begin trading again, take a nap and wait awhile or completely shut down by the setting of a variable that does not allow trading again for a set amount of time or even until input via the console by the user or operator of the EA.

Pretty much anything you can think of can be programmed.

If you don't know how to code you should learn it. Using an EA is not just set it and forget it. Maintenance of the code is required... markets change from time to time and those changes will need additional programming.


  • #5
  • Dec 13, 2011 4:00am Dec 13, 2011 4:00am
Quoting pip_seeker
You don't disable the EA by pressing a button this is a manual reference not automatic... you disable it with code telling it what to do in various circumstances.

For example if your trades hit a profit target situation that the EA has been coded with you can have the EA disallow new trades from being set and then close the existing open trades.

[size=3]Once these open trades are closed the EA can then start up again and begin trading again, take a nap and wait awhile or completely shut down by the setting of a...
Is there no way an EA can disable an EA, I've heard that this is possible? If anything can be programmed then surely the function that the button does can be programmed, or at least something to the same effect.

Some of the EA's that I use are .ex4's and cannot be decompiled therefore i cannot just paste code into the EA. Also I use numerous and multiple EA's at different times depending on the market, it would be far too time consuming and dangerous to have to keep modifying the code of each EA.

I just want a simple EA that disables trading on all ea's once equity is reached, surely there must be something out there that does this?
{Promotion Removed}
  • #6
  • Dec 13, 2011 4:09am Dec 13, 2011 4:09am
Quoting leerees
Is there no way an EA can disable an EA, I've heard that this is possible? If anything can be programmed then surely the function that the button does can be programmed, or at least something to the same effect.

Some of the EA's that I use are .ex4's and cannot be decompiled therefore i cannot just paste code into the EA. Also I use numerous and multiple EA's at different times depending on the market, it would be far too time consuming and dangerous to have to keep modifying the code of each EA.

I just want a simple EA that disables trading...
>
There is a Multi Purpose Trade Manager EA by Steve Hopwood which manages multiple curency pairs when trades are opened. This EA has feature to stop trading when certain profit or loss value is reach.
Look for this in FF search.
  • #7
  • Dec 13, 2011 4:15am Dec 13, 2011 4:15am
Quoting leerees
Is there no way an EA can disable an EA, I've heard that this is possible? If anything can be programmed then surely the function that the button does can be programmed, or at least something to the same effect.

Some of the EA's that I use are .ex4's and cannot be decompiled therefore i cannot just paste code into the EA. Also I use numerous and multiple EA's at different times depending on the market, it would be far too time consuming and dangerous to have to keep modifying the code of each EA.

I just want a simple EA that disables trading...
You might want to try this EA
Attached File(s)
File Type: mq4 EquityGuard1.1.mq4   9 KB | 2,580 downloads
  • #8
  • Dec 13, 2011 7:42am Dec 13, 2011 7:42am
Quoting leerees
Is there no way an EA can disable an EA, I've heard that this is possible? If anything can be programmed then surely the function that the button does can be programmed, or at least something to the same effect.

Some of the EA's that I use are .ex4's and cannot be decompiled therefore i cannot just paste code into the EA. Also I use numerous and multiple EA's at different times depending on the market, it would be far too time consuming and dangerous to have to keep modifying the code of each EA.

I just want a simple EA that disables trading...
I'm sure there are ways to make and EA disable another EA but you would likely need access to both EA's code and it would be the much harder way to do it.

This is why I would never use someone elses code to trade with... as the code always needs maintenance of some kind.

In your situation you could set up another EA that triggers alarms when you want the EA to shut down and the alarm will wake you up so that you can shut it down.
  • #9
  • Oct 3, 2016 6:19am Oct 3, 2016 6:19am
:
Quoting belka
{quote} You might want to try this EA {file}
not bad, but what happens when you disable AutoTrading? the disabling EA is disbled as well. So you need to reset Autotrading by hand

I'm in need of something all automated : it disables Autotrading when a target is reached, then reactivates autotrading at the beginning of the day.

i've first thought of using an indicator, it works great (because indis are not deactivated by Autotrading) but i can't close all orders because indis can't open /close orders. Crap

So i'm going in a third way:
One part EA, one part indi :
The indi is used to toggle AutoTrading on/off, then a global variable is used to close all orders from another EA.

Could this work? i'll try that and tell you. If you want to participate to the making of that project (so you can have access to the finished product) you can PM me and i'll work for you .

Jeff
  • #10
  • Last Post: Oct 26, 2016 1:01am Oct 26, 2016 1:01am
Quoting ionone
:{quote} not bad, but what happens when you disable AutoTrading? the disabling EA is disbled as well. So you need to reset Autotrading by hand I'm in need of something all automated : it disables Autotrading when a target is reached, then reactivates autotrading at the beginning of the day. i've first thought of using an indicator, it works great (because indis are not deactivated by Autotrading) but i can't close all orders because indis can't open /close orders. Crap So i'm going in a third way: One part EA, one part indi : The indi is used to...
How you going with this, would also like to be able to set times so you can sit out high impact news?
it would be great that if the open trades are at a certain value (acceptable loss) then it closes all trades and disables EA, I don't mind having to come in and manually turn it back on because it is good to look at the price and charts before entering again, coming back in blind can be dangerous.
did you try the posted EA (equity gaurd).
what is it like?
0 traders viewing now