Attachments: Manage Take Profit EA

Manage Take Profit EA

#521
Edited 3:30pm Oct 16, 2015 12:32pm | Edited 3:30pm

Angelo61
| Membership Revoked | Joined Oct 2015 | 20 Posts

Hello Javforex first thank you for your kind reply , I am sorry it took me a bit ' of time to respond , but had a hard time to find a version of EA work now I have found and tested well.
Night I was in H4 with the following parameters picture attached .
I put the two EA as an attachment , as I wrote earlier I would need to find someone who can unite the two EA being new to the forum do not know where to turn .
If I do not ask too much , while we are the ideal EA resulting hybrid would be :
( Bollinger Bands EA Basic.ex4 ManageTPv2-4 + + ManageTPv2-4 . )
To get four points targhet rest , I do not know if this is possible if it was not bad even combine two EA .
Thanks again in advance for your kindness and availability await your news .

Attached Image (click to enlarge)

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Name: Schermata 2015-10-16 alle 17.42.27.png
Size: 121 KB

Attached File(s)

ManageTPv2-4.mq4 6 KB | 1,538 downloads

Bollinger Bands EA Basic.ex4 45 KB | 1,109 downloads

#522
Jul 2, 2016 10:45am Jul 2, 2016 10:45am

car2707
| Joined May 2010 | Status: Trader | 7 Posts

for 5 digits Brokers

Attached File(s)

ManageTPv2-4.mq4 6 KB | 2,039 downloads

#523
Sep 28, 2016 10:28pm Sep 28, 2016 10:28pm

moneybiz
| Joined May 2007 | Status: Forex Tool Shed | 21 Posts

A paid version of MTP is available. Google "Trade Manager TM". Lots of bells and whistles.

#524
May 7, 2017 10:49pm May 7, 2017 10:49pm

moneybiz
| Joined May 2007 | Status: Forex Tool Shed | 21 Posts

The paid version of the TM Trade Manager is now free. It can be found at www.forextoolshed.com

#525
May 17, 2017 6:10pm May 17, 2017 6:10pm

micbrook
| Joined May 2017 | Status: Trader | 59 Posts

Quoting car2707

Disliked

for 5 digits Brokers {file}

Ignored

Hi is there any way to tie this to an indicator on an alert?!

#526
Jun 3, 2017 1:03am Jun 3, 2017 1:03am

moneybiz
| Joined May 2007 | Status: Forex Tool Shed | 21 Posts

TM has parameters that allow one to exit a trade at the cross of two indicators or the cross of the price and an indicator.

#527
Dec 3, 2017 1:07am Dec 3, 2017 1:07am

Feliks
| Joined Mar 2009 | Status: Trader | 194 Posts

Can Anyone advise any indicator which shows TP level according these rules?

Lets say

Risk Ratio 1:4

EURUSD SELL

0.1 lot 1.185 SL 1.1920 TP 4XSL pip 280 pip (1.1570)

But if i'll add 0.1 lot 1.18, I want TP will be adjusted to the TP price where i will exit with the amount 4XSL pip.(1.1685)

Hope someone will help me to get rid of this calculation every time))

Don't forget to take an account of LOT and breakeven

Think like an investor, Act as a speculator. Ferid H.

#528
Dec 3, 2017 1:33am Dec 3, 2017 1:33am

longtrader
| Membership Revoked | Joined Nov 2017 | 72 Posts

Quoting Feliks

Disliked

Can Anyone advise any indicator which shows TP level according these rules? Lets say Risk Ratio 1:4 EURUSD SELL 0.1 lot 1.185 SL 1.1920 TP 4XSL pip 280 pip (1.1570) But if i'll add 0.1 lot 1.18, I want TP will be adjusted to the TP price where i will exit with the amount 4XSL pip.(1.1685) Hope someone will help me to get rid of this calculation every time)) Don't forget to take an account of LOT and breakeven

Ignored

try this's indicator

Attached Image (click to enlarge)

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Name: Picture3.jpg
Size: 104 KB

Attached File(s)

PipShow_v2v_Fusion (3).ex4 215 KB | 1,048 downloads

#529
Dec 3, 2017 3:58pm Dec 3, 2017 3:58pm

Feliks
| Joined Mar 2009 | Status: Trader | 194 Posts

Quoting longtrader

Disliked

{quote} try this's indicator {file} {image}

Ignored

Thanks for your help my friend. But there are too many information which i don't need. I need simplicity and all i want is just the indicator which will show me the price to exit..

Any way i appreciate your effort.

Think like an investor, Act as a speculator. Ferid H.

#530
Mar 15, 2019 12:22pm Mar 15, 2019 12:22pm

jonage
| Joined Apr 2018 | Status: Trader | 50 Posts

Anyone uses the trade manager anymore ? I discover it quite late and I don't know if it is still valid.

#531
May 30, 2019 1:22pm May 30, 2019 1:22pm

Nico-tito
| Joined May 2019 | Status: Trader | 4 Posts

Here is the basic version, which works very well, but with a third stop target, it is really simple to use remember for Brocker with 5 digits it will have to add 0. I explain on exemple :
- First Target = 20
- Target increment = 30
- close lot = 0,1 lots
- first stop target = 20
- first stop =2
- second stop target =50
- second stop =20
- third stop target =70
- third stop =50
- use Max lose = false
In this example if you buy at GBP-USD with 0.3 lots a 1.3200, then if the price goes up and touches 1.3220 then 0.1 lots will be closed (first target) and the SL will go up to + 2 pips above the entry price, then if the price still goes up and touches the th price at 1.3250 have will therefore still close 0.1 (first target + target increment) and the SL will go up to 1.3220, the price goes up to 1.3270 and the third stop moves and rises to 1.3250 then the price goes up again and when it touches 1.3280 it will close the remaining 0.1 lots (20 pips first target + target increment 30 + 30 total 80 pips is third target)

Attached File(s)

Verb-Mod-MTP34-v0.mq4 6 KB | 1,265 downloads

Verb-Mod-MTP34-v0.ex4 6 KB | 945 downloads

#532
Jul 21, 2019 10:27am Jul 21, 2019 10:27am

bossgroup
| Joined Nov 2017 | Status: Trader | 24 Posts

this indicator will not show up on my account I use Hugsway...

#533
Dec 2, 2019 3:04am Dec 2, 2019 3:04am

forexferrari
| Joined Apr 2008 | Status: Trader | 87 Posts

Quoting Nico-tito

Disliked

Here is the basic version, which works very well, but with a third stop target, it is really simple to use remember for Brocker with 5 digits it will have to add 0. I explain on exemple : - First Target = 20 - Target increment = 30 - close lot = 0,1 lots - first stop target = 20 - first stop =2 - second stop target =50 - second stop =20 - third stop target =70 - third stop =50 - use Max lose = false In this example if you buy at GBP-USD with 0.3 lots a 1.3200, then if the price goes up and touches 1.3220 then 0.1 lots will be closed (first target)...

Ignored

Hello Nico-tito.
Thank you for the upload. I am wondering if you can give me the example for the following scenario.
GBPNZD: SELL.
.15 lots
TP1: 1.9983 (30 pips)
TP2: 1.9953 (60 pips)
TP3: 1.9893 (120 pips)
SL: 2.0063 (50 pips)

Ideally, tp 1 hits, close .05 lots, bring both remaining 2 lots (.10) to break even, then when tp 2 hits, close another .05 lots, bringing the third running lot to 1.9983 (tp1) where it can either hit the tp 3 in best case scenario or hit tp one and all trades are closed that this point.
With your script provided, can you provide me with the VARS external inputs... its doesnt seem to be working for me.

Greatly appreciated.

#534
May 3, 2020 12:49am May 3, 2020 12:49am

rumpelstilt
| Joined Jan 2015 | Status: Trader | 37 Posts

Sorry to bump this old thread but i'm wondering if anyone knows where can i get the MT5 version of this or some similar trader manager for MT5.
Can anyone point me to the right direction or perhaps share an MT5 ex here as well, if you don't mind to help out.

I have to say, the 2nd version of the OP's original trade manger works really well and simple, i'm hoping to use it in MT5 for CFD trading.

Thanks for all the sharing.

#535
May 14, 2020 2:09pm May 14, 2020 2:09pm