Manage Take Profit EA

Hi,

same as prev poster, been using this EA by Stockwet for years, still the best, but recent upgrade and reinstall I've stuffed the settings.

Keeps closing trade in entirety at 0 whereas I want it (using demo so ok for now) to close half position of 2 lots down to 1 lot at +20 pips and then set BE to +2.

What have I got wrong, I really can't figure it :-(

I'm on 5 digit broker by the way.

extern int First_Target = 200; //First_Target: This is the first take profit target, in pips, that you specify.
extern int Target_Increment = 9000; //Target_Increment: Once the first profit target is reached, the next target will increment by the amount specified by the target increment variable.
// so set it high and you'll never reach it thus leaving remaining lots on the table
extern double Lots_to_Close = 1.0; // lots to close

extern bool Move_Stops = true; // move stops allowed
extern int First_Stop_Target = 200; // get to this amount before it moves stop loss and close out target profit
extern int Stop_target_Increment = 200; //so when x pips hit, set SL to x so after your first target is hit at 20, your second target will be set to 20 + x (target increment)
extern int First_Stop = 200; //This is the first stop_loss that gets set after the First_Stop_Target gets triggered, here BE + 2
extern int SL_Increment = 50; //Increments the stop loss after the stop loss target triggers each time
extern bool Use_Max_Loss = true;
extern int Max_Loss = 200;
extern int Magic_Number=0;

This ea is from 06. So I'm not surprised it no logger works. Too bad its lost support because it's very had to find a simple tool that works. I still have not found a good multi-tp ea that is user friendly and works.

Check with Steve Hopwood

I have tried Steves Ea's but there are just way to many options and he's not very helpful. He's a great coder but with all them options I can't make it work. thats why I said "simple"

No disrespect

damn what a waste...played with it the whole day...the thing don't work ...and the way I was excited

Yep this ea is dead until someone recodes it for newer mt4 builds

Hey all,

I just found this thread on a search. Based on your recent comments I'm not going to read back through it since it doesn't seem to work anymore.

Since we're all kinda looking for the same thing maybe you can point me in the right direction.

I'm looking for a trade manager that will allow me to trail the stop on part of the trade and leave the stop at BE or BE +pips on the rest.

So if you had 2 lots...ea would move designated lots to BE at X amount of pips. Then you could trail portion of trade behind price and leave portion of trade at breakeven.

Seems most ea's I've seen want to either treat the whole trade as one or if it allows a partial close you have to actually designate the TP rather then trail.

Thanks for you consideration.

I've not found one yet that works correct. I did a small search for a commerical one but never turned up anything good. Keep us posted.

Hello,

anyone can help me to do this? how can we set the MPTM to move to BE when the first TP is reach ? is this possible?

thank you

This thread is talking about the Manage Take Profit EA, not MPTM.

But if u really refer to MPTM, the answer is YES, it can be done, not only that it can do more than what u want

It can be done by enable the "BE" setting, and set your First TP in pips (BreakEvenPips) and also how many pips u wanted to lock in when your First TP hits by setting the "BreakEvenProfit" in pips.

It can even close partially if you wish to

Hope it helps.

hello, i am serching for a ea similar like this one, but not for takting profiit. i nead one for sl in x dollars of ammouth.
can somebody healp me?

Did you ever find an Ea that suited you Tommstone? See post 63.

http://www.forexfactory.com/showthre...=236002&page=4

Here also...

http://www.donnaforex.com/forum/index.php?topic=3193.0

been using this one from time to time !BuySell_Manager_V7.4 here on FF
I have a commercial one I purchased as well foreximpact. (you know the rest)


also here on FF is AmaxingEA, I think Autostop2 is here (great for scalping) e-Trailing is good for trailing.

Thanks Tommbstone.

Dear guys, i wanna ask you all a very technical question may be anyone of you know about that - i.e. is there any way or any software that increase tp automatically as trade moves.

trade without tp and uw use trailingstop, jumping stop, etc.

To All,

My first post and I'm not sure if anyone is still interested in this. I've made some changes to the EA and it appears to work for on on MT4 v6xx builds.
Use at own discretion. Right now it's setup to work on 5 decimal systems.

It my poking around the web it appears there are many many other EA's that do similar things and much more. I always liked this one as it seemed simple and straight forward for what I want to accomplish which fairly simple stuff.

As always, thanks to the original author plus all the others who were there before me for a great EA!!!!
The changes I made were to add percentage closes at various levels and another close method plus some debug controls to manage how much stuff ends up in the logs. I've been testing it for a week on demo and it seems solid.

RP

wow, your 1. post and such a contribution -> congrats, that is great

I just came back home (about 06:46 am, maybe I am addicted to forexfactory.com, lol) and had a first quick look to the ea you have posted (I will have a closer look and do some mods within next time, maybe later this day, after I woken up later ... ) and I assume that it is one of your first mql4-files you have modified?

keep on, you're on the right way and I think in not so long time ahead you'll be able to code your first experts and maybe are ready to help others, too

There are still some (more or less) unimportant errors. You can fix that when adding bool resultOk; in the header and return the result of the variouse checks to that var (for example: resultOk=OrderSelect(j, SELECT_BY_POS, MODE_TRADES)

I was not deeper into the code, but things I consider rather important I have noticed are:
if you want the EA to close the order, make sure you adjust the slippage. Slippage is given in Points, so slippage=2 or 3 on 5 digit-brokers could end up in problems (must be adjusted to x-digit-brokers, see also http://forum.mql4.com/47335; so if you want to allow slippage=3 pips for 5digits, you will have to write slippage=30 ). Sometimes you want the order to get closed, regardless the slippage. In that cases (orderclose-commands) I better would set slippage = 99999 (I assume this will work in 99.99999999% of all cases). Why? I want the EA to close the order NOW, not later. It is like rescuing yourself with parachute when your airplane is going down - you want to get out NOW and not when the rain stops (stupid example, I know ), so: resultOk=OrderClose(ticket,OrderLots(),Ask,99999,DarkViolet);

Before calling Bid or Ask better use "RefreshRates();", and before you start some action (e.g. ordersend, ordermodify, orderclose) make sure that your ea has got the right of way. Because if the command overlaps with commands of other eas etc. on the same time it will cause errors.
As I know a simple line "if (IsTradeContextBusy()) Sleep(100);" will help.

Further (at least for me) I consider the well known "pips2dbl-stuff" more reliable as the pipfactor-stuff (hm, the best would be an user-input to specify the multiplier for the current pair in case of errors. But I think I never added it, but it would be absolute error-proof I think ):

header (global vars):
double pips2dbl;
input Slippage =5;//we want to allow 5 slippage pips maximum, I would use for odersend only, not for orderclose (see above why)

function (call in the init()-part BrokerDigitAdjust(Symbol());):
then you calc (for example) takeprofit for BUY (with header input double TakeProfitPips=50.0; for example) = entryprice+(TakeProfitPips*pips2dbl);

I hope I gave you some food for thought, at least when you will use some experts for your live-trading you should be very careful because every fuck*ng slip of pen could cost you real money. Although I did not learn the whole new mql4-syntax yet I will try to make this ea better and I hope I will help you to achieve progress in your learning-process so you can (and will) become better and better.

Again, thanks a lot for your contribution, it is an exception that people in their 1. post help others with own mods., most of the people just ask for something (for free). Thanks

and please, do not consider my post as "kiss ass", it is not like me

(maybe bad english, it is not my native language. But I think you'll understand what I mean )

hi fxdaytrader.

Thanks a bunch for the pointers. It's been over 4 years since I worked on any mq4 stuff so there's a ton I've lost. I like your suggestions. I'll put them in and repost an update after I run it through my testing etc.

This could be fun

RP

Hi RP,

I am very interesting in this EA. Did you make any progress fxdaytrader_ suggested you to do? I am very curious and I am searching so long for a good EA to control my profits and losses etc. etc.

If you have an update please let me know. I will see this EA probably in this topic?

Cheers!