Manage Take Profit EA

[campttalexalex7]

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Updated: 9/5/2010

Hello all. This specialist was created. Ever since that time, MetaTrader has introduced several, many new features. This specialist is guaranteed to work with these newer variants of MetaTrader and I'm not in a situation where I can or wish to create a new specialist. Thus, read this thread at your own risk, so to speak. Happy Trading!

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Hi Everyone,

I've developed a professional that is designed to help me stick to my system a little better than that which I do by myself. Use it at your own risk, however.

The expert works by taking profit out of a trade at different take profit amounts. It moves prevent losses at levels. You have the ability to customize these parameters:First_Target: This will be the first take profit target, in pips, which you specify. Target_Increment: Once the initial profit target is reached, the next target will increment by the amount. Close_Lots: That is how many lots you would like to take out at each target. As an example, if you have 10 lots, you can take 1 lot out at each of 10 profit goals, or 5 lots out two targets at each. It is Your Choice. Move_Stops: Set to true if you would like quits to maneuver based on the First_Stop and Stop_Differential parameters. Otherwise, if you don't want stops set to false transferred automatically. First_Stop_Target: That is the sum in pips before your stop loss is transferred to the First_Stop level the trade moves. First_Stop: This may move your stop loss when a target, in pips, is reached. The amount represents the amount of pips from entry and can be postive or negative. Second_Stop_Target: This is the sum in pips before your stop loss is transferred to the Second_Stop level the trade moves. Second_Stop: This may move your stop loss when a target, in pips, is reached. The amount represents the amount of pips from entry and can be postive or negative. Use_Max_Loss: Set to true if you would like to enter your stoploss and hide your stop worth from the broker. That is the maximum reduction you'll risk on the trade. If Move_Stops is set to true it's irrelevant AND Move_Stops has been triggered. Max_Loss: This is the maximum pip reduction you'll accept on the trade. If set to 0, then this function is disabled. Magic_Number: You can use this to make sure the expert manages transactions with a distinct number that is magical. This will let you trade the same pair using different systems with this expert interfering with the take profit points of the other transaction (s). The image below represents example parameters which can be set to your specialist. I will explain each one. Assume you put a 1 lot sell order for EURUSD at 1.2100 (1.2103/1.2100 - ask/bid). (Assume a 3 pip spread.) The specialist will take.1 lots (Close_Lots), or 1/10th of this scenario's orderout at 10 pips (First_Target), or 1.2090/1.2087. After that, another profit target will increment 8 pips (Target_Increment) into 1.2082/1.2079. And another.1 lots will probably be taken out at the level. The expert continues to increment the profit target by 8 pips until the original order is shut. In this example, the maximum pips gained would be 10 (8*9), or 82 pips. (First target pips increment pips * amount of times to increment, which would change based on the original order size and the Close_Lots parameter.) When the trade reaches 15 pips (First_Stop_Target), the stop loss is going to be transferred to -5 pips (First_Stop) in the order entry price. In cases like this, the order entry price was 1.2100, therefore the new price would be 1.2105. This usually means that you'd lose 5 pips if the trade turned. Place the Stop_Differential parameter to 0 in order to move stops to breakeven (1.2100). If this parameter were, for example, set to 5, then the stop loss would be transferred to 1.2095, and you'd have a 5 pip increase if the move turned against you and stopped out you. When the trade reaches 30 pips (Second_Stop_Target), the SL is transferred to Entry Price 10 pips. If you don't need the specialist to maneuver the order's stop loss, then place the Move_Stops parameter to false. I think this works, but haven't completely tested it. In case you're wondering, why I wrote this is so that I did not need to put 5 stop loss orders in order to handle different take profit amounts. Since I don't wish to sit all the time, waiting for all these amounts to hit and I just take out a part of the order, I figured that an expert would do the thing.

Regards,




** Important **
I've discovered that if I'm in the midst of trade and make a shift to the expert parameters, then it resets everything. Here's an illustration. Let's say that I wish to take 1 lot out at 20 pips and another out at 40 pips. The price goes to 25 pips and takes out my first lot. I decide that I wish to change my stop rules to maneuver stops from breakeven to 10 pips if the price goes to 30 pips. The problem is, my take profit had incremented to await 40 pips but my initial target is set to 20. When the expert closes, it resets the incremented value. Since the price is pips and my initial target is set to 20, though the expert incremented as another target, the reset causes my next lot to be removed.

So, if you are goals have incremented and you would like to change your relocation stops or another price, be sure to create your initial target to be the new next target that you would like to take profit out at.




** Upgrades **
11/2/2006 (v2.3):Fixed bug that caused the sl var to be set to 1 when a pending order was gt; than the First_Stop_Target value. If a pending order was in, not an actual order, and also the price was higher than First_Stop_Target pips in the pending order entry, then the specialist would honor the move stops that are next skip the first, and stop target.
1/23/2007 (v2.4):Fixed pip calculation. The old method of calculating pips could be off by 1 pip, resulting in move stops or TP. The new calculation is much more accurate.

https://www.cliqforex.com/attachments/15190317361091924877.mq4
https://www.cliqforex.com/attachments/15190317371962411674.mq4

[Oxrayna]

95925Thanks. Anyway to create the Max_Loss value change just like a stop? I enjoy hiding my SL from the broker. Upon order entry, I'll decide on a sl worth and t/p worth, like 100 pips to prevent broker strikes and in case of personal injury, but I'd love to have the Max reduction move in a worth.

[shirow43]

901791 Structure (s) here is mine
Require.5 lots profit at 30 pips (assuming 1 lot, I want to take 50 percent of place )
In 30 pips, move stop to breakeven (First_Stop 0)

Disregard second cease amounts.

I think when you've got all your other factors it could be your issue. If second stop moves stops to 0 (breakeven) at 0 pips profit, then it will be screwy and kick you out of rankings. Consider setting them to amounts. Same goes with Goal increment.

[Oxri.talaywlasforex]

90179Dear Stockwt.
Might it be possible that you please alter your ManageTPv2-4. Mq4 a bit for me .
Would you put in a trailing stop role after the Second_Stop has occurred.
This is going to be a user-parameter. Once the transaction proceeds and Second_Stop is executed, the stop will trail by a chosen value.
Please?

[Citizen_Logan]

90179Thanks for the EA Stockwet has made my trading thus much simpler. If someone uses this EA with a few stringent discipline you can earn money every trade, no joke in case a (entry is great ) this EA can lock in a serious return weekly. 327 pips this week. Again thanks over for sharing it at no cost.

Roland J

[beaencasa]

90179Thank you very much for you participation.

[Oxri.talaywlasforex]

90179
Thank you for the EA Stockwet, your EA has made my trading thus much simpler. If a person employs this EA with some stringent discipline it is possible to earn money every trade, no joke if your (entry is good ) this EA could lock in a serious return weekly. 327 pips this past week. Again many thanks over for sharing it at no cost.

Roland J Mate, does this EA includes a trailing stop feature, following the Second_stop is finished?

How do you move your stop following the second _stop?

[Citizen_Logan]

90179 Sorry my friend I don't think you can have it trail. After your stop your stop loss will be moved by it as far as you need into your trade though. Therefore, if you have your first stop at 35pips it'll move to break , now your next stop you're able to proceed to state and another 25pips in case your trade moved that far for a total 60 pips supporting your entrance or whatever number of pips you desire. I really hope that helps, I attached a pic of a few of my settings to get a few pairs.
https://www.cliqforex.com/attachments/1519405429762240783.png

[campttalexalex7]

90179I realize that a lot of people ask for a stop feature. At one stage, I'd started to bring that feature into MTP. However, I realized it was a lot simpler to use one of the other really great monitoring stop experts on a different chart of the identical currency pair and have it kick in after MTP did it is part. I found it a very effective approach and used myself.

SomedayI might really have the opportunity to add in all these great requests.

Regards,

[Oxri.talaywlasforex]

90179Oh Dear stockwet
Please include the trailing stop loss feature in it. . please. Your system will then turn into the ultimate commerce handling EA ever!

I usually overlook large moves... ahhhh just if we had the monitoring stop...

[oxrtinvg]

90179great EA!

Hey just checking if im doing something wrong... when I put up first target lets state at 20pips and target increment at the other 20.

The EA seems to take profit at 20 then range lets say about 9 pips down and 11 pips up and closes the next lot.

Should not it reach first target and from that attained target count the next increment.

Lets say I bought 2 lots at 1.4000 closed one lot at 1.4020 and moment should close at 1.4040.

But what happens is it moves at 1.4000 closes a lot at 1.4020 and next lot closes maybe at 1.4025 when it ought to be yet another 20.

Is that how it functions or could I be doing something wrong... please allow me to know. Everything else works amazing thx

Thank you!

[oxrtinvg]

90179bump

[alexis75]

90179FiboFX,
Be aware that in the event that you open the EA parameters window and then click on OK, or you change timeframes or profiles, the EA will be re-initialized and your first TP is going to be taken again--beyond your first TP, if that's where it re-initialized.

[oxrtinvg]

90179moneybiz,
thank you, I'll check to see if that is what I'm doing.

[Riesco]

90179
FiboFX,
Be mindful that in case you start the EA parameters window and then click OK, or you change timeframes or profiles, the EA will be re-initialized and your first TP is going to be taken again--beyond your first TP, if that is where it re-initialized. Hello MoneyBiz,

Due to the upgraded version, it works extremely well. A question on the re-initialization is there any other method to make it work. When I start a trade in a specific currency and take profit or lossI might trade the same currency once more. What occurs is the trade is closed immediately for no reason. Have you had experience? Thanks

[dylancasas]

90179Hi anybody,

I desire a EA that can activate a transaction for me when price retraces into a certain moving average.

Thanks.

[a.cervixxa]

90179This is real sad / (About ManageTPv2-4)

I'd though I had found the perfect EA to manage trade (open manually).

After many evaluation, I can affirm that the (SL) attribute Max_Loss AND the The BE attribute do not work.

I really don't know about the TP however, without the BE and the SL that the EA is useless anyways.

The evaluation was created on MT4 together with the broker ACM.

Does someone know where I could locate a EA that operate properly with the exact feature?

Thanks.

[a.cervixxa]

90179
Hi MoneyBiz,

Due to the updated version, it works really well. A question on the re-initialization, apart from re-attaching that the EA, is there any other method. When I open a trade in a particular currency and take profit or loss, then, I might trade the same currency once more. What happens is that the trade is closed immediately for no reason. Have you ever had this expertise? Thanks Hi, may I ask what version you use?

Can you please post it here since there's so many?

It could be a real challenge to check all of it.

It would be very love.

Thanks!

[Oxri.talaywlasforex]

90179Im using it with good sucess... v2-4, Together with fxdd

[Riesco]

901791 Attachment(s)
Hello, may I ask what version you use?

Can you please place it here because there is so many?

It could be a real challenge to check all of it.

It'd be very appreciate.

Thanks! No issue, here it is. Please note it's the original version's altered version.
https://www.cliqforex.com/trading-system-and-egies/2809-simple-candlestick-pivot-method-gbp-jpy.html

[a.cervixxa]

90179
No problem, here it is. Please be aware it is the version of the original edition. Thank you very much!

I have two littles concerns for you:

1) Can you see the TP and the SL in the terminal of MT4 when utilizing this EA?
2) What's the purpose of the area close method?

Due

[jasaga2003]

Hi,

is the ea, can working for handle SL and TP for each place that is offered by additional EA?
I have an ea that is put TP but no SL, I don't understand how many pips that the SL is set, why for safety, I want manage EA to take care of this SL...

I try swiss military, it does not do the job too, to place the SL opening at this EA...

look like SL is concealed but can go far as 90 pips, occasionally 10 pips, is confusing to imagine what SL is set.

Any suggestion and help?
thx

[a.cervixxa]

1 Attachment(s)
hi,

is the ea, can working for manage SL and TP for each position that is open by additional EA?
I have an ea that is put TP but no SL, I don't understand how many pips that the SL is set, why for security, I need manage EA to look after the SL...

I attempt swiss military, it does not do the job too, to place the SL opening at this EA...

look like SL is hidden but may go far as 90 pips, occasionally 10 pips, is confusing to imagine what SL is set.

Any suggestion and help?
Thx There's a manual for the swiss army EA but... It don't help much... The directions are incomplete and not precise... I joins it to this post.

The https://www.cliqforex.com/trading-system-and-egies/2814-trading-edge.html EA still don't work for me.

I understand how to put in them and to utilize themI tried a lot of... However, in this oneI can't actually see the TP and the SL from the MT4 terminal.

Does someone else use the broker Advenced currency market (ACM)?
https://www.cliqforex.com/trading-system-and-egies/2814-trading-edge.html

[jasaga2003]

Thx,
I have pdf already. . Swiss army can handle order opening by manual but can handle order open by ea... I attempt it already, it is not working...

[a.cervixxa]

thx,
I have pdf already. . Swiss army can manage order opening by manual but can manage order offered by ea... I attempt it already, it isn't working... It will not also manage my manual entry order...

[Adribu21]

It will not even manage my guide entry order... Melisky,

I don't use the exact same broker as you, but I had similar problems with the swiss army ea and with the MTP v1.712. . .both wouldn't demonstrate the stoploss in the terminal or on the chart. I think this is because they utilize fanciful or concealed stoplosses. . .that is, they don't send the request to the broker's host (look in the revision history of MTPv1.712).

I did not have this issue with version 2.4 of the original EA though, it worked fine. . .but since I use a 6 digit broker, I had to multiply my pips by 10.

Personally I will not use a stoploss EA that does not send request to this broker. . .had way too many issues with the swiss army one taking too long to close out orders. In any case, IMO, if you need to conceal your stop by your broker, you shouldn't be trading with them.

[a.cervixxa]

I don't use the exact same broker as possible, but I had similar problems with the swiss army ea and with the MTP v1.712. . .both would not show the stoploss from the terminal or on the chart. I believe that is because they utilize fanciful or hidden stoplosses. . .that is, they don't send the petition to the broker's host (look in the revision history of MTPv1.712). I was thinking the exact same thing at first (about the hidden SL/TP that was not showing up in the terminal) so, of course, I test it, a few time... The outcome is, nothing did activate, neither the SL neither the TP.


I didn't have this problem with version 2.4 of the original EA though, it worked fine. . .but because I use a 6 digit broker, I needed to multiply my pips by 10. Yeah, I'd readed that the EA needed to multiply buy 10 that the number of pips from the 2.4 version. Again, it was tested by me. Regrettably, one more time, nothing failed activate. And yes, I'm sure, very sure about the setting of what...


Personally I won't use a stoploss EA that doesn't send request to the broker. . .had way too many problems with the swiss military one taking too long to close outside orders. In any case, IMO, should you need to hide your discontinue by your broker, you should not be trading together. You are right, however, it's so hard to trust brokers... All of them, therefore , why take the opportunity? I believe I'll hide my actual TP SL for the rest of my life...

Can I ask what broker do you use jdwbryan?

[Adribu21]

I had been thinking the exact same thing initially (about the hidden SL/TP that was not showing up at the terminal) so, of course, I examine it, a few time... The outcome isnothing did trigger, neither the SL neither the TP... Hi Melisky,

Now that you mention . . .there were two. . .the swiss army one did really trigger the stop, it simply didn't show up in my terminal. . .but just another one I attempted that had a hidden stop loss alternative did not show in the terminal AND did not trigger the stop (same problem you're having). Anyway, I'm not certain how to fix it. I'm using ver 2.4 without any problems.

Perhaps you have attempted Multi Purpose Trade Manager? It's another management EA it is possible to find here at FF. . .it includes a hidden stop alternative (and a million additional options), but for me the hidden stop didn't work, so I simply turned it off. . .but if you have not attempted it yet, maybe give it a shot.

Oh, the broker that I use is MB Trading. . .they are an ECN broker with MT4. . .their thread is here:

https://www.cliqforex.com/general-forex-discussion/2794-charting-vegas-system-indior.html

Good luck!

Jack

[haya104]

This looks like a excellent program (along with also the others posted here, too), but would someone care to share their Entrance activate? I live in California so investing is a real pain, time-wise, and would really like to have a nice entry system I will put in position before going to bed (when the London session begins ). I could enable MTP do the thing of it. Due to those who respond.

Eric

[haya104]

1 Attachment(s)
hi all,
not sure if that thread is still active and affirmed from the aithor. However I think wiht my settings (minilots) it does not work. Please provide a look on the screenshoot. AS you cna understand the position should be already closed... however it didnt shut anything in profit. . What is wrong in my settings??
Oh, maybe not specifically related to this thread however Freemenn or anyone, where can I get the Multiple time frame fad indior you've got there? And does it have W1? tx

[nachoj1971]

Hi,

I've drag the ea to the picture board but nothing happens. In the same time I've not discovered any indior from the code. Is this right or is missing here something?

Any help will be woelcome

Best regards

Luis Neves

[Egttkate]

Hi. So how do I get to download the EA? On the attachment clicked, but it saves in my c drive as aan file rather than mq4.

[Tamy88]

Hi
Can you please allow me to understand why the MTP isn't dreading the curr sl after accepting the trade.

thanks
regards
james

[902]

Hi, I have the issue of stop loss not resetting. I must be done manually. Anyone know of a remedy?

Here is help on the close method.

Close_Method: At every TP point, Method 1 will close the amount of lots specified in the Close_Lots parameter. With Method 2, the amount of lots closed at every TP point is going to be the number of lots closed in the prior TP point in addition to the lots specified by Close_Lots.

Method 1: Using the first 3 values in the screen shot above, if you entered a trade of.3 lots,
that the EA would close.1 lot at 20 pips profit,.1 lot at 40 pips profit, and also the previous
. 1 lot in 60 pips profit, for a entire profit of 120 pips.

Method 2: Using the first 3 values in the screen shot above, if you entered a trade of.6 lots,
that the EA would close.1 lot at 20 pips profit,.2 lot at 40 pips profit, and.3 lot at 60 pips profit, for a entire profit of 280 pips.


Thanks.

[Alberpk8700]

Hello, I am new to this forum, also I have a problem with the MTP_1.8 Trade manager. When I load the ea on the Chart and after activation at the first manual tread the tool is working fine. But after the 1 tread all other new opened treads are closed immediately without any stopp loss or take profit. I believe this is really a bug, when I load the tool another time after a new tread it works fine. I believe that the problem is that the ea isn't resetting after every tread. Is it possible for anybody to observe that the code to find the error? Thank you.

Sorry for my bad English, I am not an unmarried individuals
zickzack

[haya104]

I've got a question and a few answers. My question: I simply put the modified MTP 1.7.12 on my chart a couple of days ago and the order entry was .7059 and place 1st TP and SL into 63. The price went to .7131 and action happened and no messages in Experts or Journal. Any ideas?

My replies: I read several areas that you have to reset it after the transaction is closed.

Also, if you put the EA on a chart with multiple orders and you are not utilizing the OpenWithMagic to put unique amounts, all transactions of that currency is going to be handled by the one EA. And where did you get 1.8? I only see 1.7 (modified) and 2.4 (original)

[Alberpk8700]

1 Attachment(s) the problem with the reset following every tread is really on all mtd manager versions and on the TPv 2-2 and 2-3. I believe there al in line with the identical basic code. The MTP_1.8 is the previous model that I found on internet. I've got them attached to this post.

There are 2 modes to utilize the manager, the first style is quite easy and useful for scalping and for longer tread. There a 3 degrees of stopp loss and following the three ° degree the tool empower a trailling stop. For example when we open a buy position at 1.4010 and have put the maximum loss to 50 pips, the first stop goal to increase 20 pips and the first stop to 10 pips, after which the tool handle the tread in the following manner: When the price hit 1.4030 the tool moves the stop loss to break even 10 pips, in this case 1.4020, when the price is going down without hit the price from 1.4030, the tool close the tread add 1.4010 - 50 pips= 1.3960.

Best regards
zickzack
https://www.cliqforex.com/general-forex-discussion/2805-putting-business-plan-linda-raschke.html

[902]

Thanks zickzack, this really is my most used direction EA, it is real great. Only wish that it may automatically reset.

[902]

If we set TP for First_TP:, Second_TP:, Third_TP: with a # of pips, why we need the TP_Increment:?

Let us say you have 0.5 lots, and sell 0.1 lots at one time, after your first 3 TP goals has hit it will the add the increment for the 4th lot and add the increment again to the fifth lot.

I set First_TP: 50pips, Second_TP:150 pips, Third_TP:500pips
Should you make the increment 100, your 4th goal would be 600 and your 5th goal 700.

If you would like to disable the tracking stop, alter Trail_Stop_By to 0.

[902]

Yes it's works! Just don't forget to reset!

[adri23091991]

Sorry to ask newbie query. However, I really have not use any EA previously, I have downloaded it, put it into experts folder. Then I open the MT4, attacht EA to 4 chart ( correct? , I trade using 4 pairs, each pair I use 1 chart ). But I do not know whether the EA work, because the smile face beside the EA name does not appear, only a cross' X'. Can anyone explain? thanks so much

[Oxriok15]

Hello!
I don't know 1 thing about this great EA. Why does this keep shutting my position in precisely the same target profit? Now my second target ( 20 pips) was struck, so 0.1 was shut so to my preferences, then price went down arround 17 pips and if it came back into 20 another 0.1 lot size was shut, despite the fact that my second profit target was 30 pips. So in all, two 0.1 lot dimensions were shut at that point in stead of one. I understood from previous posts that it behaves like this as it disconects, however, did not touch the EA along with my internet was functioning properly. In reality it was a matter of seconds and don't see how something external could disconnect the EA. I don't understand why it diconnects like that or why it behaves such as this. Did yo guys have the same bothering problem? Is there any way?

[caarlttdaoxyn]

Stockwet, This is really helpful, I haven't run it yet, however, the logic is really similar to that which I had been just about to compose in the upcoming weeks. This may save yourself a ton of time.

Are you using this version of the TP?

[Hasf]

I am looking for something that may keep SL in a certain pips from the current price. And it's triggered at a certain level of profit.

For example.

Buy order at 1.5000

I wish to activate at 20 profit.

So at 1.5020 it triggers the ea to maintain SL (initially, no stop loss is set) in 5 pips different.

Once the price reach 1.5020 SL is set @ 1.5015, then the price proceed to 1.5025 so SL is re set at 1.5020, then when the price keeps moving to 1.5030 the SL is re set back to 1.5025.

That is what I have been searching. If anyone has something similar to this please share it to me.

thank you

[caarlttdaoxyn]

Hi Stockwet,

I'm using your 2-3 EA. In the directions that you cite placing the cease differential to 0 in order to allow the EA to prevent out at even money. The matter is that I do not see a cease differential extern from the EA settings.


Any helps is appreciated.

[caarlttdaoxyn]

Hey Carumba, I believe I am seeking a comparable EA. It looks like this EA from the current post may have the capability to do what we are looking for it to perform.

If this is not easily done with this particular EA I may be able to add two extra stop configurations.



I'm trying to find something which can keep SL at a particular pips from the current price. And it is triggered at a certain level of profit.

As an example.

Buy order at 1.5000

I want to trigger at 20 profit.

So at 1.5020 it triggers the ea to keep SL (initially, no stop loss is set) at 5 pips different.

Once the price reach 1.5020 SL is put @ 1.5015, then the price proceed to 1.5025 so SL is set at 1.5020, then if the price keeps moving to 1.5030 the SL is set again to 1.5025.

This is what we have been looking. If anybody has some thing...

[caarlttdaoxyn]

Hi, I took Stockwet's amazing EA and removed the inactive stop loss settings and place the stop losses up like that he had the shoot profits. Where you place a first First_stop_target, stop_target_increment, First_Stop and sl_increment. When First_stop_target is triggered a stop loss becomes set to the first First_Stop value you enter. From here, every time profit increases the stop_target_increment the stop loss is incremented by sl_increment.

Enjoy, hope it helps.


UPDATED v2.5 4/23/2010 12 est..
https://www.cliqforex.com/attachments/1519405377110905522.ex4
https://www.cliqforex.com/attachments/1519405379813804391.mq4

[Hasf]

HelloI took Stockwet's awesome EA and eliminated the inactive stop loss settings and place the stop declines like he had the shoot profits. Where you place a first First_stop_target, stop_target_increment, First_Stop and sl_increment. If First_stop_target is triggered a stop loss gets put to the initial First_Stop value you input. From here, each time profit increases the stop_target_increment the stop loss is incremented by sl_increment.

Love, hope it helps. Wow nice... I will try

thank you.

[caarlttdaoxyn]

The appended version stop loss increment version 2.5 is working properly!

Ignore this --gt;gt;Something is missing. I will figure it out, but for now it doesn't appear to be workingout.


wow fine... I will try

thank you.

[Hasf]

Something is missing. I will figure it out, but for now it doesn't seem to be working. It doesn't work on me.... This really is my own setting.

First target 10
target increment 20(I dont take care of target because my profit comes in shifting my SL to greater degree compared to my opening price)
close_lots 0 (no partial closing)
movement stops true
first stop target 10 (when this strikes SL is put, initially no SL)
stop target increment 6 (so when 10 pips struck, set SL to 6)
first stop 10 (no idea what it's so I just put it to 10)
SL_increment 6 (when the price is 16 subsequently SL is put to 12 which is 6 previous SL)
USE MAX LOSS untrue
MAX LOSS 20 (doesn't matter)
Magic number 0

[haya104]

Hello!
I don't know 1 thing about this great EA. Why does it keep shutting my position in precisely the exact same target profit? Now my second target ( 20 pips) was hit, so 0.1 was closed so to my preferences, then price went down arround 17 pips and if it came back into 20 another 0.1 lot size was closed, even though my second profit target was 30 pips. So in all, two 0.1 lot sizes were closed at the point in stead of one. I knew from previous articles that it behaves like this as it disconects, but I did not even touch the EA along with my internet... Yes, I had exactly the exact same thing occur, only today. I am using the altered 1.7 with TP of 70, 0, 0 and increment of 500. SL of 70/1, 0/0, 0/0, TSL 150, Max Decline 250. I believed the instructsions said the zeros would be ignored so following the first TP of 70, I must have a TSL of 150, right? But, it closed 2 positions of 0.01 and now I have no open positions. Maybe I want to place my next TP in 1000 or something, but I still wonder about the SL1, 2, 3. Hopefully, somebody is following this who can clarify. tx.

Eric

[Oxriok15]

Yes, I had exactly the same thing happen, only now. I'm using the altered 1.7 with TP of 70, 0, 0 and increment of 500. SL of 70/1, 0/0, 0/0, TSL 150, Max Loss 250. I thought the instructsions said the zeros could be dismissed so following the first TP of 70, I should have a TSL of 150, right? However, it closed two positions of 0.01 and now I don't have any open positions. Perhaps I need to set my next TP at 1000 or something, but I wonder about the SL1, 2, 3. Hopefully, someone is after this who can explain. tx.

Eric Yeah, too bad this EA has this serious issue! Certainly, it wasn't an accident, it keeps closing position exactly the same goal if prices go back for some time. It does it regardless of what settings I try. Since this MTP is not dependable and doesn't WORK correctly, can anyone suggest any other similar EA that wouldn't have this issue?

[caarlttdaoxyn]

Hey Eric, can u copy and paste your extern factors? I'd love to find out exactly what you have. The first takeprofit2.4 works good for me personally. I had been trying to add new feature to stockwet's 2.4.




Yes, I had exactly the exact same thing occur, just today. I'm using the altered 1.7 with TP of 70, 0, 0 and increment of 500. SL of 70/1, 0/0, 0/0, TSL 150, Max Decline 250. I thought the instructsions stated the zeros would be ignored so following the initial TP of 70, I should have a TSL of 150, right? However, it closed two positions of 0.01 and now I have no open positions. Maybe I want to place my next TP in 1000 or something, but I wonder about the SL1, 2, 3. Hopefully, someone is after this who can explain. tx.

Eric

[caarlttdaoxyn]

Check it out... a bit more detail on the preferences.

Extern int First_Target = 10;
extern int Target_Increment = 0;
extern dual Close_Lots = 0;
extern bool Move_Stops = true;
extern int First_Stop_Target = 10;(if 10 pips profit is hit a SL is put at First_Stop value put under )
extern int Stop_target_Increment = 6;(Following the First_Stop_Target is hit, this Stop_target_Increment value will increment the First_Stop_Target... if 10 pips is hit then the 6 gets added to it 16 is currently the next stop loss target... if 16 pips profit is hit, then the next stop loss gets put.)
Extern int First_Stop = 6;(This is the first stop_loss that gets set after the FIrst_Stop_Target gets triggered)
extern int SL_Increment = 6;(Increments the halt loss following the stop loss goal triggers every time.)

Extern bool Use_Max_Loss = true;
extern int Max_Loss = 200;
extern int Magic_Number=0;





it does not work on me.... This is my setting.

First goal 10
goal increment 20(I dont care about goal because my profit comes from shifting my SL to greater degree compared to my opening price)
close_lots...

[caarlttdaoxyn]

Can u also copy and paste your own settings?

[caarlttdaoxyn]

Did you find that trend indior you're asking about?


Sorry, not specifically related to the thread but Freemenn or anyone, where can I get the Multiple time frame trend indior you've got there? And does this also have W1? tx

[haya104]

Hey Eric, can copy and paste your extern variables? I'd like to see what you have. The first takeprofit2.4 works great for me. I was attempting to add new feature to stockwet's 2.4. Like I said, I am using the altered 1.7 since I wished to use the observation stop. I haven't attempted 2.4 yet. Here is my settings:

PreSet_Name=Default
First_TP=70
Second_TP=0
Third_TP=0
TP_Increment=500
Close_Lots=0.01000000
Close_Method=1
First_Stop_Target=70
First_Stop=1
Second_Stop_Target=0
Second_Stop=0
Third_Stop_Target=0
Third_Stop=0
Trail_Stop_By=150
Max_Loss=250
Alert_Sound=0
Alert_Email=0
Magic_Number=0

and No, I have not found that relative strength indior but ceased looking.

[caarlttdaoxyn]

Check out this. I checked to get this EA in the code and the code doesn't allow for exactly the take profit to be hit. It's explicit in the variable that stores the Carry profit becomes incremented after it's hit there's no way for it to hit at the takeprofit since it no longer exists. Is if the ea is reset or meta disconnects. Mine MT4 does disconnect without any noticeable break in pricing, just a quick disconnect and reconnect, and that sound usually on occasion it gets, the thing that is boing.

But here is a fix if you're interested. Try out this. Essentially it's the identical EA, but instead of the variables for SL and TP being reset on start and close, I put a small test in there that goes like that... when there aren't any open positions, then reset the sl and tp variables otherwise, leave them be.

Let me know how it works out to you. There aren't any live markets obviously today, saturday, for me to check it on, but the compiler indicates no errors.

The best to you.

Nick
https://www.cliqforex.com/attachments/15194053501985568342.mq4
https://www.cliqforex.com/attachments/1519405352948395616.ex4

[caarlttdaoxyn]

Oh, 1.7, i see. I havent seen 1.7 or worked with it, probably wont be able to assist.

Too awful on this indior, looked like it may be useful. I did find this trader platform called VT Trader 2.0 that has pattern recognition in it, have not really tested it yet though, but the port is fine and the platform is free to use for demo. I hear many individuals just use the platform for analysis then exchange on another broker...

[Oxriok15]

Check this out. I checked the code and the code doesn't allow for the take profit to be struck. It's explicit in the variable that stores the Take profit gets incremented after it's hit therefore there's no way for it to reach the takeprofit since it no longer exists. Is if the ea is meta or reset disconnects. Unfortunately mine MT4 does disconnect on occasion generally without any noticeable break in pricing, just a quick disconnect and reconnect, and that dumb sound it makes, the boing...
Can you make the same correction (regarding the exact same take profit) for the modified 1.7? MTP 1.7 (or 1.8) is a more valuable tool since it has trailing stops.

[Hasf]

THanks alot fnickB will try out the code monday.

[caarlttdaoxyn]

I will look at it in my day off. I am guessing 1.7 can be found with this board.


Can you make the same correction (about the same take profit) for your altered 1.7? MTP 1.7 (or even 1.8) is a much more valuable tool because it has trailing stops.

[caarlttdaoxyn]

Https://www.cliqforex.com/general-forex-discussion/2800-currency-pairs-affect.html
http://www.forex-tsd.com/tools-utilities/6359-trend-reversal-continuation-helper.html


and No, I have not found that relative strength indior but stopped looking.

[caarlttdaoxyn]

1 Attachment(s) That is MTP 1.8 with an attempt at a repair for::

1.) 1.8 would reset when MT4 disconnected, this ought to be fixed. The EA now tests to see if there are open transactions before deinit and init.

2.) Additionally, after EA all closed transactions that they EA didn't reset for another trade. This should be taken care of today with a test on each tick checking for any orders. If there are no orders open the EA resets.

I'm not as familiar with 1.8 as 2.4, so if something is away, give me a shout, since I may have missed wrap one of the factors in this test. This will be simple to fix if you allow me to know what factor or what's currently resetting or not resetting.

Love, Hope it works.

Nick
https://www.cliqforex.com/trading-system-and-egies/2814-trading-edge.html

[Oxriok15]

[quote=FnickB;3676882]That is MTP 1.8 with an attempt at a repair for::


Thank you very much. I am hoping it works. I can not wait to try it.

[Alberpk8700]

Hello,

Thank you FnickB for the Bugfix on MTP 1.8. I have testet Today the MTP 1.9 supervisor and today is working perfect on each Tread. The issue is solved. I have another question, can it be feasible to programming the supervisor to use a Stop Loss and take profit. At the present time that the supervisor is currently working with a real stop loss when the stop is permetted by the broker (80 pips distants from the bid price), the instrument is currently functioning too without a real stop loss when I give as an instance a halt on 50 pips from bid price. Is it possible to modify the manager which can works always without a halt that is real the application is ideal.

thank you

[Oxriok15]

hello,

Thank you FnickB for Your Own Bugfix on MTP 1.8. I've testet Today the MTP 1.9 manager and now is working flawless on every Tread. The reset problem is resolved. I have another question, can it be feasible to programming the manager to utilize a Stop Loss and take profit. In the moment the manager is working with a real stop loss when the stop is permetted by the broker (80 pips distants in the bid price), the tool is functioning also with no real stop loss when I give for instance a halt on 50 pips out of bid price. Now is it possible to modify...
Hello Zig!

Can you please show me your settings for MTP 1.9? I wonder why I do have problems. . .Thanks!

[Alberpk8700]

Hello totemg2000,

I uso the MTP only for tackling my stop loss in the tread. I not utilize the take profit part of this tool. Along with the Cease loss part is working perfect. You will find a sample for a scalping setting:

PreSet_Name=Default
First_TP=0
Second_TP=0
Third_TP=0
TP_Increment=0
Close_Lots=0
Close_Method=0
First_Stop_Target=35
First_Stop=10
Second_Stop_Target=70
Second_Stop=30
Third_Stop_Target=100
Third_Stop=60
Trail_Stop_By=110
Max_Loss=120
Alert_Sound=0
Alert_Email=0
Magic_Number=0

in this case the stop loss is working in another mode: Whenever we buy at 1.03000 and the price reach 1.03035 the the stop go to 1.03010, Once the price reach 1.03070 the stop go to 1.03030, the Exact Same four the Three ° stop and after dis is working the trailling stop.

thank you
zickzack

[Oxriok15]

[quote=zickzack666;3684800]hello,

I uso the MTP just for tackling my stop loss at the tread. I not use the take profit component of the tool. Along with the Cease loss part is functioning perfect. You will find a sample to get a scalping setting:



Thank you, Zick! I can't figure out what is wrong with my preferences, I everytime the EA is initiated by me and tried your preferences, all the trades close, however many pips away they are. I am hoping to figure out what is wrong because this is a tool.
Again, thank you!

[902]

Thank you very much FnickB! It seems to working fine here for helping with the reset difficulty!

[Oxchuca]

Can I ask such as the one?

I've been looking for this for ver2-5 for a very long time now and finally discovered it since I constantly move my SL when I am on a winning streak.

Thank you in advance

[Alberpk8700]

Hi jamesbon72,

the manage TP 2-5 has an issue with the reset and isn't working probertly. U can download the MTP 1.9 this version works perfect is much better and with more options (trailling stop). The explanation of functioning with the 3 stop movement levels is on post # 391.

zickzack

[haya104]

This is MTP 1.8 having an attempt at a fix for::

1.) 1.8 would reset when MT4 disconnected, this should be fixed. Whether there are open transactions prior to init and deinit the EA checks to see.

2.) Also, after EA closed transactions that they EA did not reset for another trade. This should be taken care of now with a test on each tick checking for any open orders. If there are no orders open, then the EA resets.

I'm not as familiar with 1.8 as 2.4, so when something is off, give me a shout, since I might have missed wrap among the factors... Thanks! I'll try out this one. I've been utilizing 1.7 and was brief on the EurUsd, it closed partial place but then I changed the time period, H4gt;D1gt;W1 and back, and it closed a second partial which it wasn't supposed to. Hopefully this 1.9 won't do that, or I'll have to stop switching times!

[Javier]

Here is the relative strength indi. What is your entrance egy?
https://www.cliqforex.com/attachments/15194053581650142775.ex4

[rafaferv]

Hi all.
Can any one help to plan an ea doing this?
Partial Close Expert Advisor




The Partial Close EA helps you handle your Take Profit amounts by allowing you to close portions of your commerce at different Take Profit amounts. This new proportion alloion (or divide near ) option permits traders to create up to four Take Profit levels with a customizable percentage of trade closed as every profit amount is reached.
As an Example, a trader placing a 10 lot transaction can use the Partial Close EA to scale from the position. With a max of 4 take profit amounts, a trader could Points profit, close 10 percent At 15 points profit, close 50% At 25 points profit, close 20 percent At 35 points profit, close 100 percent of the position The EA also has the capacity to update the stop loss* every time the place is partially closed. Employing the configurations of 1 for a buy, for example, will move the stop loss 1 pip over the entry price, and also for a market, 1 pip below the entry price. A MOVE_SL placing of 10 for a buy will move the stop loss 10 pips above the entrance price, and also for a market, 10 pips below the entrance price.
*Note that the Stop reduction will use to the FULL size of the position.
To use this EA, drag and drop the EA in the Navigator's Pros list along with you chart. From the inputs, make sure to enter the Ticket Quantity of the transaction, place and click ok.
Additionally, be sure to verify that live trading and expert advisors** are enabled (loed under tools, options, Pros Advisors.)
*At a volatile market or fast-moving market states, stop-loss orders may eventually become market orders and may be filled at the prevailing price, which may differ greatly in the desirable price.
**During atomic crisis, orders may not be filled as placed.
If you plan on utilizing this EA on multiple trades, It's recommended to change the InstanceID input signal for every instance of the EA.
To disable an input such as a Target or Proceed Stop reduction, simply set it to 0.

Thank you.

[Ivanoxrcelo]

Hi Everyone,

I have developed a specialist that is intended to help me stick to my own system a little better than that which I do with myself. Use it at your own risk, however.

The pro works by taking profit out of a trade at various take profit levels. Stop losses are also moved by it at levels. Now you have the ability to customize the following parameters:[list] First_Target: Here is actually the take profit target, in pips, that you specify. Target_Increment: Once the initial profit target is reached, the next target will increment from the total specified...
Hello all, pls I'm interested in this EA, how can I install them in to my platform? I'm used to installing one file with .ex4, but there are two of these today?

[caarlttdaoxyn]

This is actually the EA I use it's the stops along with a moving take profit.

Extern int First_Target = 100;
this will place where the first take profit is accepted. So if my place hits 100 profit, the EA closes a number of lots put in the Close_Lots variable below.

Extern int Target_Increment = 400;
Following the initial take profit strikes, then First_Target Target_Increment = New Take Profit.


Extern dual Close_Lots = 0;
amount of lots shut at the Take_Profit target


extern bool Move_Stops = true;
extern int First_Stop_Target = 50;
If this gets struck the first stop gets put

extern int Stop_target_Increment = 50;
After first cease goal gets hit, then this amount will increment the cease goal First_Stop_Target Stop_target_Increment = New Stop Goal... significance after the initial cease gets hit at 50, a halt at 0 gets put, now if profit hits 100, the next stop gets put at (First_Stop SL_Increment)

extern int First_Stop = 0;
extern int SL_Increment = 50;

extern bool Use_Max_Loss = true;
extern int Max_Loss = 400;
extern int Magic_Number=0;

[Ivanoxrcelo]

Hi Everybody,

I have developed a professional that is intended to help me stick to my machine a little better than that which I do . Use it at your own risk, however.

The expert works by taking profit out of a trade at various take profit amounts. Prevent losses also move at levels. Now you have the ability to customize these parameters:[list] First_Target: This will be the take profit goal, in pips, which you specify. Target_Increment: After the first profit target is reached, the next goal will increment from the total given... Hello all,
can somebody help me out. I need this ea to maintain .ex4 format. I don't understand how to change it to .ex4 format. I download it it shows only as a notepad and I'm unable to allow it to reflect in my experts in the platform. However, I believe if it's in .ex4 format, it won'nt series as a notepad.I have attached the file.Thanks
https://www.cliqforex.com/attachments/1519405327373066722.mq4

[Icpkr]

Hello all,
can somebody help me out. I need this ea to maintain .ex4 format. I do not understand how to alter it to .ex4 format. I download it in my VPS, it shows like a notepad and I'm not able to allow it to reflect in my specialists in the platform. However, I believe if it is in .ex4 format, it won'nt show as a notepad.I have connected the file.Thanks Would you tell me does that work as an indior? Can you describe the workings of this, if so?

Many thanks

Glynn

[haya104]

Hello all,
can someone help me out. I want this ea to be in .ex4 format. I do not understand how to change it into .ex4 format. I download it it reveals like a notepad and I am not able to make it reflect in my experts at the platform. However, I believe if it is in .ex4 format, then it won'nt display as a notepad.I have attached the file.Thanks Simply drag it onto your chart. Go back and read the post to comprehend the preferences.

[haya104]

Could you tell me do that job as an indior? Can you explain its workings if so?

Many thanks

Glynn No, it is not an indior

[Ivanoxrcelo]

That is MTP 1.8 having an attempt at a fix for::

1.) 1.8 would reset when MT4 disconnected, this should be fixed. The EA now checks to see whether there are open transactions before init and deinit.

2.) Also, after EA closed transactions they EA did not reset to the next trade. This needs to be taken care of now using a test on each tick assessing for any orders. If there are no orders available, then the EA resets.

I am not as comfortable with 1.8 as 2.4, therefore if something is off, give me a shout, since I may have missed wrapping among the variables in...
Hello Nick, pls kindly send the .ex4 format of MTP 1.9 to me. I wish I knew how to change myself to the format so as not to put you tru this trouble. Thanks

David

[geox_mr75]

Can this EA handle all trades? If we were to utilize this EA for 4 currencies (EU, GU, EJ, GJ) at one account, can it be accomplished? Can I attach the EA into the 4 distinct currencies chart?

[Ivanoxrcelo]

Check out this. I checked the code to get this EA and the code does not allow for the take profit to be struck twice. It is explicit in that the variable that stores the Take profit becomes incremented after it is hit there's no way for it to hit at the takeprofit as it no longer exists. Is if the ea is meta or reset disconnects. Regrettably mine MT4 does detach on event usually without any noticeable break in pricing, just a quick disconnect and reconnect, and also that stupid sound that it gets, the boing...
Hello, can somebody help me out, I've tried this ea's in the attachment which I received from this forum and it is not working. Can somebody help me find the issue .
https://www.cliqforex.com/attachments/151940532938746010.ex4
https://www.cliqforex.com/trading-system-and-egies/2809-simple-candlestick-pivot-method-gbp-jpy.html

[haya104]

That is the EA I use today, it's the moving stops and also a moving take profit.

Extern int First_Target = 100;
this can set where the very first take profit is accepted. So when my place hits 100 profit, the EA closes a certain number of lots set from the Close_Lots variable below.

Extern int Target_Increment = 400;
Following the first take profit hits, then First_Target Target_Increment = New Take Profit.

Hey, FnickB, I just tried to use your 1.9 to handle a transaction and it immediately closed the whole order. The transaction was brief .04 EurUsd in Forex.com, a 4 digit broker. Unfortunately, this happened while I was asleep so I didn't see it happen. Any ideas? Here are the settings:

First_TP=50
Second_TP=1000
Third_TP=0
TP_Increment=1000
Close_Lots=0.02000000
Close_Method=1
First_Stop_Target=50
First_Stop=1
Second_Stop_Target=0
Second_Stop=0
Third_Stop_Target=0
Third_Stop=0
Trail_Stop_By=150
Max_Loss=250
Alert_Sound=0
Alert_Email=0
Magic_Number=0

[Ivanoxrcelo]

I've been waiting for so long and it seems like eternity, no one is responding to my thread.Pls help, I want those two eas to work until I go bankrupt.

David

[caarlttdaoxyn]

If there is no pip, then choose the zeros off.


Hey, I only attempted to use your 1.9 to handle a trade and it instantly shut the entire order....

[caarlttdaoxyn]

Yes, I just attach it to chart windows.


Can this EA manage all transactions? If I were to utilize this EA for 4 currencies (EU, GU, EJ, GJ) at a single account, is it done? Do I attach the EA into the currencies chart?

[caarlttdaoxyn]

There's an problem with the EA's I've posted if there are pending orders or other open orders already open when trying to utilize this ea. The matter is because the test I used to determine if there were any open orders actually assesses pending orders as well.

[haya104]

There is an issue with all the EA's I've posted if there are pending orders or other open orders already open when trying to utilize this ea. The issue is because the evaluation I used to determine if there were any open orders actually checks pending orders too. Could you elaborate? What's going to happen?

[haya104]

If there is no fractional pip, then choose the zeros off. I believe I'll go back to the prior version before I figure this out. I missed out on a lot of profit here. It sounds like I need to ADD a zero, in other words, if I need 50 pips profit I need to put 500 on your 1.9? My order triggered short at 1.2597 and it required me out at 1.2600 with the 50 target I listed above. In fact, I have no clue how that happened. It should have at least tried to accept 5 pips profit, right?

[haya104]

I've been waiting for so long and it looks like eternity, no one is responding to my thread.Pls aid, I need those two eas to work before I go bankrupt.

David Dave, if you're Concerned about going bankrupt, STOP TRADING!! Go try to find out some more before you throw your money away and use a demo.

[caarlttdaoxyn]

Should you use pending orders or have several orders available, I wouldn't use it for now, except for demonstration. I would not ever use an ea reside util I tested it completely on demonstration, and I would suggest this to anybody thinking about trying the ea I uploaded, I am merely sharing what we've in hopes people can mess with it and possibly use it if it fits there needs.

I dont prefer to have more than one open position at one time, so the EA was working perfectly for me, till I decided to start using limit orders, then I noticed the factors were not being set properly so the stops were not being put because the EA tested for opentrades before setting the variables. This evaluation prevented the ea from stressing if the program restored or closed off.

Could you elaborate? What's going to happen?

[Ivanoxrcelo]

Dave, if you are concerned about going bankrupt, STOP TRADING!! Go use a demo and try to find out some more until you throw all your money away. Hello EricjschroedI could have appreciated it if you chose ur time to respond to my request in my article. Thanks

David

[caarlttdaoxyn]

Hi ever get it all working?




Hello, can someone help me out, I've tried this ea's in the attachment that I received out of this forum and it is not working. Can someone help me find the problem.

[caarlttdaoxyn]

2 Attachment(s) Hello, I have posted a few revisions of the takeprofit EA, anyone pursuing them, thanks for your patience, it has been a process of analyzing and refining. Looks like a couple more things are adjusted here.

**Currently able to use with open pending orders in same chart or alternative charts.
That is the one I use now
https://www.cliqforex.com/trading-system-and-egies/2825-intraday-trading-scalping-gu-wave.html
https://www.cliqforex.com/general-forex-discussion/2808-backpropagation.html

[Jukuas]

Just came across this thread, can anybody tell me, where there some problems with the MTP .ex4 files which were posted at the beginning of the ribbon? That is, are issues being fixed by the recent ones? Thanks!