"EASY" EA-Trading made easier

...Should be possible to insert a new option?

I would like to enter trade only when a trendline touch/breakout is confirmed on close...

Thanks Osaka, really a good job!

Hi Oksana

great work. before any word I wanted to thank you for your efforts and sharing this. It's indeed a nice EA but ...

... this guy has posted twice in your thread (which you didn't answer him ) and mentioned a very delicate and important point which I see everybody missed. I was going to draw your attention to it but when I read the entire thread I saw he has noticed this weakness in your EA.

read here:
http://www.forexfactory.com/showthread.php?p=3921557#post3921557

and here:
http://www.forexfactory.com/showthread.php?p=3963759#post3963759


He is right because we do not always set a constant 30 pips (or whatever) stop loss for all positions. It's ok with take profit to be a constant number because with the ability to move it visually on chart, it is easy to adjust it later but it's not the case with stop loss because the stop loss value is something we need before opening a position. Easy to say ... If we want to risk for example %2 of our account for every trade that means we have to adjust that amount considering the distance between stop loss and the positions entry (which varies every time for every trade) right?

Now If you have done the automated calculation of position size based on (a constant) stop loss, then you have accomplished the hardest part ... what we need (for this EA to be complete IMHO) is to make stop loss line visually adjustable on the chart before entering a trade and letting EA calculate the proper positions size base automatically.

1- we first put a simple horizontal stop loss line and name it "stop" or something simpler ...
2- then we place it exactly at the area where the stop loss of the position we are going to open is going to be.
3- then the trader adds the trend line (sl, ss, bl, bs) for the entry.
4- then EA calculates the proper position size based on %2 risk + the distance between "stop" line and "sl, ss, bl, bs" line.

Now when market hits the order line (trend line) EA opens a position with the automatically calculated size.

so using this useful EA a trader only needs 2 visual actions for every trade.

1- put a horizontal stop loss line.
2- draw a horizontal or diagonal order line.

I think it would be a complete and flawless EA if you could insert this last functionality into your excellent EA.

Very appreciated

Hello everyone, please let me know if you still need the modifications and I will gladly add them.

will it be possible to make that I draw the channel on indi and the ea react to this channel to open position.

thanks in advance

Hello Oksana,

I am still following the Easy thread with interest.

In the two threads mentioned above, I was suggesting this:

“Is it possible to set the stop loss by drawing a trendline on the chart as for the buy stop (for example BSSL)? This would mean that the lots would be calculated by the EA by the difference between the buy stop trendline and the stop loss trendline.

With this function all the analysis of the trade would be made directly on the chart without having to modify the Stop Loss value in the EA input tab.”

I am still interested by this function but maybe it is not possible to code this kind of function (I am not a pro in MT4 development).

Another idea I can suggest for a future improvement is the ability to have 2 kinds of SL and TP.

- 1 - A hard SL and TP set when the order is triggered (for example 50 pips for SL and 50 for TP) those orders would be send ti the MT4 platform and so the broker would be informed of your order.
- 2 - The real SL and TP which would be hidden for the broker. Those hidden orders would be represented on the chart by trend lines (For example SL 30, TP 30).

Just some ideas ;-)

Thank you for everything,
Gringoh

Hello Oksana!
Can You please modify your EA to:
1. Disable the TP and SL management of the opened trade (options: SL = 0 would be great)
2. Show/Hide text on the left side

Thanks in advance.

Hello Oksana,

I am using and enjoying EASY. Great EA.

A quick question.......After a trade is closed by EASY the labels and sometimes lines remain on the chart. Should they be removed when the EA closes the position or do I have to remove them manually?

THANKS!!! Sal

Nice EA but I've had some serious issues:

1) Trades closing when changing timeframe

I opened some test trades using the EA on a 1-minute timeframe. Upon switching to another timeframe these trades all mysteriously closed. This happens regardless of how "CanChangeTimeFrames" is set.

2) Existing Trades closing that have nothing to do with EA

I had 4 GBPUSD trades open on my account, and upon loading this EA on a GBPUSD chart they were all mysteriously closed immediately.

Can you only use this EA on an account without other trades open in the same currencies? It seems to mess with whatever trades are open. I didn't even draw the trendline yet and it was closing all my external trades.

Thank you so much for this EA. i was just about to give up on MT4 because i HATE the way in which orders are handled. This EA has single handedly saved me from having to do that. the only requests that i have are a name change for the version with the break even added - the V2 EA on post #1 is without break even functionality so it might get confusing. Other than that it would be amazing if when Hard SL and TP are disabled, it gave the ability to have a backup hard SL just in case of a crash of connection problem. I generally run the EA without a hard SL but then add a separate one manually much further away just in case of disaster.
M

Hi testing with micro lot (manual lot: 0.01; risk: false) yet it only displays 0.0 on chart, so not quite wanting to execute it at this time, or are mini units lowest setting?

Nice to know for sure,
thanks.

Edit: Also noticed the SL & TP proft value is multiplied by 10 e.g. I specify 10 & it will show on chart as 100. I'm using broker that specifies price with 4 decimals, the standard, so not sure why this is happening... Is EA (v2) out of development, anyone?

Hi Dan,

Really, really great EA! It actually saves me from myself by forcing me to follow my trading plan. My broker doesn't allow stops and limits within the pip range in which I would usually be working, so I've had to use instant execution. This leaves me open to making snap judgements when trying to open a position. When using your EA to setup the trade and thus drive the order direct from MT4, it's not possible to dither when conditions are met as the trade is entered automatically at the predetermined price. The trade is so easy to setup too when just having to rename a line on the chart.

As some others have mentioned, if you could add Horizontal Line in addition to Trendline functionality that would be very useful. I've always used Horizontal Lines to mark my stop, entry and take profit prices so it would just make the trade setup that much more streamlined for my own purposes.

The other perfect addition for me would definitely be automatic calculation of lot size based on a stop loss line and the line used to indicate the opening of a position. The functional change to EASY_v2.mq4 listed on the first page of this thread would be for the value of StopLoss to be taken from a line on the chart, possibly with the name 'stop'. If there could also be a manual entry parameter for BrokerSpread (the typical spread of the broker), that would be even better. This BrokerSpread value could then be added to the difference between the stop and the position open lines and the total assumed to be equivalent to the risked proportion of the account balance. (I think arezab had it pretty much right as quoted below). I have attached the spreadsheet that I currently use to perform this calculation prior to manually entering a value for Manual_Lots. I'm sure the spreadsheet will demonstrate the functionality much better than my description.

Again, thanks for a superb EA. I do hope you will have an opportunity to add the features that I have requested.

Julian

Just an additional thought: it probably would be useful to be able to manually set the TakeProfit value from a chart line as well as the StopLoss value before the trade enters. Still keeping the idea for automatic calulation of volume as described previously.

Hi Oksana,

This EA is fantastic - the best thing in MT4 i have ever come across!!!

I have just been playing with it on demo for many different scenarios and I think the "move stop to breakeven" is not working on sell transactions...it works fine and puts a "hard" SL in at breakeven when there is a "buy" order, but does nothing when it is a sell order..... is this a problem with the coding or am i doing something wrong


Also, is it possible to make the SL at breakeven invisible instead of "hard" on the broker server (meaning that it just moves the red line on the chart to breakeven when the 'value for breakeven' pips is reached)


Once again you are the best!!

Cheers
Scott

Hi Oksana,

Thanks for this great EA.

Actually, I use quik_trailling with your EA in 2 charts of same symbol.

I like to use only your but 2 things missing for that:

1- First TP with Partial lot close (eg. 50%) input field.
2- trailling stop with step (eg. 250 step 5) input field also.

It's will be usefull for many people and for me of course. Can you please add this features?

Big thanks for your job.

Dhan.

So far I like this EA, however, I must be doing something wrong.

Once a trade is entered off a TL break, I keep getting these "Confirm Modify" boxes popping up. Asking me to set the SL and TP. I will enter the #'s and hit OK, but it just incessantly keeps this box popping up. The only way to get it to quit, is to either shut down the EA or to just minimize the "Confirm Modify" screen.

What the hell am I doing wrong here?

Hi TravB,
I am no expert at all, the only thing i would check is that under tools -> options -> expert advisors that you dont have any of the 'confirm' boxes ticked....the only ones that should be ticked are boxes 1,4,6,8

Hope that helps
Cheers

Hey tte,

Thanks for the response.

Unfortunately I've made sure those settings were as you mentioned. Still no joy. Damn thing driving me bonkers with the constant pop-ups. Because of this, I also miss other trades because the EA is still wanting a response to the trade already taking place.

Hi Oksana,
great work with the EASY-EA .
Is it possible for you to code that the SL-, and TP-lines directly appear in the Chart when an Order will be opened right at that moment?
Like in the "LUKTOM-VISUAL-ORDER-EDITOR -EA" which I am attaching with this post.So that you can have a look what I mean.
For me as a Scalper it takes to much time to name or rename the certain lines when I have a Trade going.
Would be great if that could be done by you.
Or maybe there ist an other CODER that is willing to make this work??
Have a nice week to all.
Greetings Zackery

Stealth mode would be a great feature

this ea has bugs especially with sl and breakeven functions...which is a shame considering how useful it could have been