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Attachments: The7 Trading System
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The7 Trading System

  • #561
  • Nov 7, 2012 7:55pm Nov 7, 2012 7:55pm
Quoting ChicagoRob
This is the actual EA, not just a trade manager(attached, herewith).
The one thing I don't like about Hopwood's EA template is how huge it is. It's so full of everything including the kitchen sink that you can't tell where the kernel of the actual system is.
You are in a maze of twisty little passages, all alike.
  • #562
  • Nov 7, 2012 8:04pm Nov 7, 2012 8:04pm
Quoting ChicagoRob
This is the actual EA, not just a trade manager(attached, herewith).
So does this take the trades automatically or just manage them for you?
  • #563
  • Nov 7, 2012 8:06pm Nov 7, 2012 8:06pm
Quoting stevegee58
The one thing I don't like about Hopwood's EA template is how huge it is. It's so full of everything including the kitchen sink that you can't tell where the kernel of the actual system is.

well said!!.
......however...you can't argue with "FREE"...anyway...thanks Rob!!
  • #564
  • Nov 7, 2012 8:07pm Nov 7, 2012 8:07pm
What I am trying to have the MPTM do is close half position at , say 30 pips, but leave the other half at the
original stop loss and move incrementally at certain target levels.
Is that even possible?
  • #565
  • Edited 10:55pm Nov 7, 2012 10:38pm | Edited 10:55pm
Quoting prosper1
What I am trying to have the MPTM do is close half position at , say 30 pips, but leave the other half at the
original stop loss and move incrementally at certain target levels.
Is that even possible?
Yes, it is possible. Do the following:

Remember first that MPTM's all parameters are set to false as downloaded, per Steve.

Manage all trades = true
Jumping stop = true
Jumping stop pips = 30
Part close enabled = true
Close lot = 1.0
Preserve lot = 1.0

This is if total lot is 2.0. If total lot is 0.02 then input 0.01 and 0.01 respectively.

With this setting, half of your lot is closed with 30 pips profit, stoploss is moved to zero (breakeven) and the preserved lot will be held until PA turns back to the jumping stop increments and closed.

You can even add a pip or two to breakeven level instead of zero. Figure out what you would need to input and where. A little quiz for you

Demo it first.

Good luck. RS
  • #566
  • Nov 8, 2012 6:42am Nov 8, 2012 6:42am
Quoting prosper1
So does this take the trades automatically or just manage them for you?
The EA does everything, including entries, exits, and trade management per your criteria.

Rob
  • #567
  • Nov 8, 2012 5:16pm Nov 8, 2012 5:16pm
This NJ trade stopped me out for -45, but, in hind's sight, having my stop above the previous swing high instead of the bar before entry bar
would have brought nice gains although risk is greater. Anyone else have experience of what works better?
Attached Image (click to enlarge)
Click to Enlarge Name: nj.gif Size: 33 KB
  • #568
  • Nov 8, 2012 7:04pm Nov 8, 2012 7:04pm
Quoting RisingSun
Yes, it is possible. Do the following:

Remember first that MPTM's all parameters are set to false as downloaded, per Steve.

Manage all trades = true
Jumping stop = true
Jumping stop pips = 30
Part close enabled = true
Close lot = 1.0
Preserve lot = 1.0

This is if total lot is 2.0. If total lot is 0.02 then input 0.01 and 0.01 respectively.

With this setting, half of your lot is closed with 30 pips profit, stoploss is moved to zero (breakeven) and the preserved lot will be held until PA turns back to the jumping stop increments and closed....
Yes thanks RisingSun. Actually all I want the MPTM to do is close half position and bag 30 pips. no break-even and nothing else.
  • #569
  • Nov 9, 2012 4:47am Nov 9, 2012 4:47am
Quoting ChicagoRob
My original demo did really well, but I had to eliminate it when I performed disc cleanup duty. This is my second demo, with all trades executed with Hopwood's EA, with BreakEvenTargetPips at 20, and HalfCloseEnabled = True.
ChicagoRob,

For the sake of practicality, would you please share with us the settings of the EA. How? Easy, pull up the settings screen, then click "Save" on the right. Then attach that file to your post.

Thanks in advance.
  • #570
  • Nov 9, 2012 7:05am Nov 9, 2012 7:05am
Quoting Walad100100
ChicagoRob,

For the sake of practicality, would you please share with us the settings of the EA. How? Easy, pull up the settings screen, then click "Save" on the right. Then attach that file to your post.

Thanks in advance.
I've attached many set files in my day. I'll post the file tonight.

Rob
  • #571
  • Nov 9, 2012 12:39pm Nov 9, 2012 12:39pm
About continuing with trend earlier, the rules says until the opposite signal or stop loss.
  • #572
  • Nov 10, 2012 1:12am Nov 10, 2012 1:12am
Quoting ChicagoRob
I've attached many set files in my day. I'll post the file tonight.

Rob
Thanks Rob -- will be waiting.
  • #573
  • Nov 10, 2012 5:33am Nov 10, 2012 5:33am
Quoting Walad100100
Thanks Rob -- will be waiting.
Set file attached, herewith. Adjust lot size accordingly. Change ex4
extension to set.

Rob
Attached File(s)
File Type: ex4 the7#5.ex4   2 KB | 838 downloads
  • #574
  • Nov 10, 2012 6:58am Nov 10, 2012 6:58am
Quoting ChicagoRob
Set file attached, herewith. Adjust lot size accordingly. Change ex4
extension to set.

Rob
Hi ChicagoRob
What do you mean by "change ex4 extension to set"?

Thanks anyway so much.
  • #575
  • Nov 10, 2012 7:06am Nov 10, 2012 7:06am
Quoting kofix11
Hi ChicagoRob
What do you mean by "change ex4 extension to set"?

Thanks anyway so much.
Download "the7#5.ex4" somewhere and rename it to "the7#5.set". Then copy it to the directory where set files go.
You are in a maze of twisty little passages, all alike.
  • #576
  • Nov 10, 2012 7:20am Nov 10, 2012 7:20am
Quoting stevegee58
Download "the7#5.ex4" somewhere and rename it to "the7#5.set". Then copy it to the directory where set files go.
Thanks, but as far as I know does MT4 not use any set-files. :-(
  • #577
  • Nov 10, 2012 7:41am Nov 10, 2012 7:41am
Quoting kofix11
Thanks, but as far as I know does MT4 not use any set-files. :-(
stevegee58 explained it clearly. I don't understand what you mean by MT4 not using set files.
Have you ever used an EA before?

Rob
  • #578
  • Nov 10, 2012 7:42am Nov 10, 2012 7:42am
Quoting kofix11
Thanks, but as far as I know does MT4 not use any set-files. :-(
Copy that set file to expert/presets folder.
Drag the EA onto chart and in the properties page go to inputs tab and press Load. Select the correct setfile.
"Put all your efforts in becoming effortless"
  • #579
  • Nov 10, 2012 8:20am Nov 10, 2012 8:20am
Quoting IamTHAT
Copy that set file to expert/presets folder.
Drag the EA onto chart and in the properties page go to inputs tab and press Load. Select the correct setfile.
Thanks to you. Now I understand and I learned something new. Great! :-)
  • #580
  • Nov 11, 2012 11:59am Nov 11, 2012 11:59am
Quoting cwp1979
Sure, I took three trades this week. I am using my parameters of only trading with the trend unless the signal candle is a hammer or engulfing. I am also testing three exits. #1. Close trade on close of day with candle ending above/below opposite EMA. For example, you go short when a down candle pierces upper EMA and then close the trade the following day when the candle closes below the lower EMA. #2. Set a take profit for the opposite EMA so that whenever the price hits that target you will exit the trade. #3. Follow the7's rule of waiting for...
Last week's 11/2/12 GBPUSD trade would have closed on 11/6/12 @ 1.5989 for a 135 pip profit

Update for this past week:

11/6/12 buy AUDNZD @ 1.2558
#1. Closed at 1.2604 for 46 pip profit
#2. Closed at 1.2588 for 30 pip profit
#3. Floating a 186 profit over weekend

11/7/12 buy EURJPY @102.80
#1. Stop loss at 102.43 for 37 pip loss
#2. Closed at 103.37 for 57 pip profit
#3. Stop loss at 102.43 for 37 pip loss

11/8/12 sell AUDUSD @ 1.0403
#1. Floating a 45 pip profit over weekend
#2. Closed at 1.0360 for 43 pip profit
#3. Floating a 45 pip profit over weekend

11/8/12 sell CADCHF @ .9486
#1. Floating a 22 pip profit over weekend
#2. Floating a 22 pip profit over weekend
#3. Floating a 22 pip profit over weekend

Totals for for two weeks:
#1. 116 closed pips, 67 pips floating
#2. 303 closed pips, 22 pips floating
#3. 211 closed pips, 253 pips floating

Interesting, the strategy to set a TP on the opposite EMA (#2) has yielded 100% winners (one floating). the7's strategy of closing on the opposite signal (#3) has yielded the most pips, counting floating trades.
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