Trade Management EA, with Close Partial Positions and Stealth SL & TP

Hi All,

Here is the trade management EA I made up for scalping with. It allows for easy modifying of an orders SL and TP by drag and drop on the chart, as well as closing partial amounts of a position when a certain level is hit. It also facilitates hidden SL and TP from the brøker's server.

The rooicol - Manage Orders EA goes in your experts folder.

Inputs:
ModifySLTPActive - This toggles whether or not it will modify the SL and TP orders or not
EACloseSLActive - This toggles whether it will close out trades by market order (True) or by SL order (False) on the stop side.
EACloseTPActive - This toggles whether it will close out trades by market order (True) or by TP order (False) on the limit side.
EAClosePartialActive - This toggles whether or not it will close partial amounts of trades at defined levels.
ExceptMagicNumber - This is just if you want to exclude it from running on any specific trades, but want it running on others
Distance - This is the number of points the EA will close out a trade before the SL or TP order if EACloseSLActive or EACloseTPActive are set to true.

For the partial close feature, drag the "Manage Orders: Arrow Close Partial" chart object to the price you want to close part of the trade out, set the object description to the percentage of the order's lots you want to close at that price, default is 66%.

You can only run it on one chart for each instrument at a time, otherwise the order modify commands will conflict with each other.

You must create a new folder in your experts/files/ directory called "Execution Log" for the expert write the executions to log file in.

Awesome! exactly what i was looking for! I'm really liking that the chart doesn't get cluttered with lines too. very neat. just testing it out now. thank you!

update...
absolutely love this EA. It works a charm and much less cluttered than all of the others i've tried.
thank you!
M

still using this every day and really loving it. Only one minor snag though... i'm currently using MPTM to set BE which means that i then have to disable the ModifySLTPActive function so that they don't fight against each other until the trade is in break even, then i can activate it again.

would it be okay to request the addition of a BE arrow to the EA?

my personal preferance would be to place it by default the same number of pips from entry as the stop loss but beggars can't be choosers so any BE functionality would be fantastic!

regards
M

rooicol, I try to use the EA, yet I couldn't find the SL n TP drag n drop feature. The EA just gives me an EA smiley face, and nothing else.
Could you help to explain?

Thanks

you only get the lines when there is an open order. even then they are small but are located on the candle that the order was opened on.

Hi,
still using this EA lots and still loving it... got a simple to do idea though which would help immensely. Thought i'd share it here in case you thought it was a good idea.

I'm scalping a lot lately so spread and precision is an issue. Can we have an option to use either the bid price to close or partially close orders or the offer price? Currently when short i'm estimating the spread and adding it to the arrow prices so that if an exact hit on a fib happens and the spread is 1.5 pips, we can simply use the bid price to close a take profit and place the arrow directly on the fib instead of guessing that the spread will be 1.5 at that time and placing the arrow that many pips above the fib.

kind regards

MJL

Hi all,

May I know how can I hide the SL and TP from the broker's server? I did a few test cases as follow:

Test 1:
ModifySLTPActive: True
EACloseSLActive: True
EACloseTPActive: True
Note: Whenever I change the SL and/or TP, it seems that the SL and/or TP will be change on the broker's server (SL & TP change on the MT4 terminal screen)

Test 2:
ModifySLTPActive: True
EACloseSLActive: False
EACloseTPActive: True
Note: Whenever I change the SL, the SL will be change on the broker's server (SL change on the MT4 terminal screen)

Test 3:
ModifySLTPActive: False
EACloseSLActive: False
EACloseTPActive: True
Note: Cannot move SL, and if the broker's server TP is set as 20 pips, then the 'Managed Orders: Arrow TP' is always set to 20 - 2 = 18 pips. Is this the hidden TP? If this is the hidden TP, is there a way for me to change the hidden TP, to, say, 15 pips, and the broker's server TP stay at 20 pips?

Please do advice. Thank you very much in advance.

thanks! this is the best!

Hi Rooicol

I am planning to use your tools for live trading. I find them awesome.
I would like to use the ea in conjunction with the buy, sell and close scripts you have posted in another thread on FF.
However the csv.files of the ea and scripts do not correspond. As I have not the source codes I cannot make the desired changes myself. Whether or not you are willing to share your source codes, I still highly appreciate your work.
Would you be so kind to alter the code so that for as well the ea and the scripts the execution log in csv are the same?
Could you give some clarifications of the details that are put in the csv.file of the ea? I understand the last two quotes, namely they are the requested price and the actual price. But the two quotes before these I have no clue what they precisely stand for.
Thanks in advance and keep up the good work.

Hi,

Is there any chance to integrate OCO - one order cancel other.

Thank you

Hi rooi,
would you be please so kind and contact me regarding the "Trade-Management-EA " you have coded for me last year.
I think there could be a bug or I have problems to understand some feature in the EA.
I cannot contact you via mail because everytime I try it I get a mail-error. Don't know why.
Thanks again for everything.
Greeds Zackery

Does anyone know of an EA to close two pairs out of many working trades if those two pairs are in profit or loss??? Don't send me to MPTM. That function is supposedly built in as there is an input for trade only these pairs, but there is no input for TP or SL of those pairs, and basket close, or global close, or different magic number settings does not change that from my testing. If you know how to set MPTM to close two pairs out of many let me know. I tried to post on that thread but do not have permission. thnx JJ

Hi Rooico,
i just attached ea with my chart, there is no Lot % paritaly close option there, or i wrongly understand please explain how to make it perfect
thanks in advance
abmmalay