Alright then. I'll work on updating that basic partical close feature into UTS. 

Thanks Eric for your suggestion. 

I noticed UTS got updated to version 2.19. Can you confirm the partial close at a fixed level and then trail the rest has been added.
If so, I couldn't really figure out how to go forward.

Cheers, Eric

Thanks for the reminder Eric. Version 2.19 provides an a SL/TP override option, allowing UTS to override to one's existing SL/TP. 

But it is not yet what you want. 

I am planning to release a new version this week that provides the following for partial TP. 

1. Simple partial TP method: 

TP1 = false;
TP1_Pips = 0;
TP1_Percent= 50;
TP2 = false;
TP2_Pips =false;
TP2_Percent=50;
TP3=false;
TP3_Pips=0;
TP3_Percent=50;

2. Option to use the user's real TP as  one of the Partial TP's, an the trade lose its TP. A user just requested this via IM when he heard I was in process of creating the partial TP levels for UTS.  

3. Another option is, if I have a trade with a TP, I want to have a partial close at 25% of the distance of the real TP, and another partial close at 50%, an another at 75%. No one has requested this, but it could be cool. 

I chatted with you about this via PM and glad it was all sorted out. 

It seems I can only backtest one trade each time manually of the 12 trailing methods. It is very inefficient.

2a. How can I backtest the Ultimate Trailing EA with historical data continuously say for a month?

2b. Am I correct that it is impossible to backtest Ultimate EA which exits a trade plus another EA which enters a trade with strategy tester?

3. About Optimisation

It's similar to backtesting with Strategy Tester. Can I use optimisation with historical data to test the Ultimate Trailing EA?

4. Demo Accounts

I am running 12 demo accounts on testing each strategy with a common investor account. If backtesting and optimisation cannot be conducted with strategy tester, are there more efficient ways that you would suggest in testing different trailing strategy than running demo accounts?

Your help would be appreciated

Thanks, e

Hi Edwin All grat questions.

I'm a big tester myself, so I appreciate your concerns.

Timeframes is a personal preference, and if you have backtested dozens of EAs, you would land on some more solid preferences. My favorite timeframes (gathered from years of trading and system development) are H1, M30, H4, in that order. H1 has always been my gold standard to work trading ideas out; if the idea doesn’t work on H1, it probably won’t work on other timeframes. M1 and M5 are too noisy, M15 is good for scalping, and D1 is good for big picture trading ideas.

When you backtest, put a checkmark on visual mode. When you press start and the visual chart pops up, you will see button in the bottom left corner of the display called TrdPln, which stands for trade panel. When you click on that button, a trade panel pops up that allows you to BUY/SELL with custom lots, SL and TP. I usually keep the lots at 1.0 and put 0 in the SL and TP fields. You can then buy and sell continuously via that trade panel and you can witness how the 12 trailing methods work out over the backtest period you selected.

I have plans in my roadmap to allow for entry conditions from the various trailing stop methods, in either trend or counter-trend modes, so that one can automate entries AND also backtest and/or optimize trading ideas without relying on visual mode. Would that be helpful?

Yes, you are correct. MT4 does not allow for the backtesting of two EAs at the same time.

In my roadmap, I plan on releasing a component of UTS that allows for you to integrate this component into your own EA so that you can backtest your EA with all the available trailing stop methods. I have the component for my own trading EAs; I just need to figure a way to properly lock it down if I present it for free or purchase to MQL4.

No, not at this time, because the testing really happens via the visual strategy tester, not via regular strategy tester and/or optimization.

However, as mentioned, I have plans in my roadmap to allow for entry conditions from the various trailing stop methods, in either trend or counter-trend modes, so that one can automate entries AND also backtest and/or optimize trading ideas without relying on visual mode.

Running 12 accounts is a decent method of testing, though it takes time to get a sense of things.

As mentioned above, the fastest method of testing at the present time is using the visual strategy tester and custom trade panel built for it. In the future, I will have the different trailing methods available as possible entry conditions so that you can use the standard backtester and optimization modes.

Cheers, 
Blake

Thank you for your prompt reply. 

I also feel H1 is a good starting point. Lovely. 

Definitely, it would be helpful.

I seldom turn-on the visual mode in a BT as it lengthens the processing time. Now, I fully understand why you always suggest the users to turn on the visual mode. It's a genius idea to visualise trailing and partial close, if it happens, I must admit. 

I fully appreciate your forthcoming solid plans such as adding different entry modes, trend vs. counter-trend modes. It greatly enhances my confidences in your EA and my confidence with your EA is now beyond 100%. I am glad that I have bought this EA. With all these enhancements, the acquisition of this EA today is already a proven sound investment. 

Great work! 

Cheers, e

Check out major update 2.30.


- added check (uncheck) boxes to open trades in Controlled Trades Display to allow for automatic (manual) trailing stop activation

- when opened trade is checked, trailing is active; when it is unchecked, you can choose to have SL revert to stop before UTS applies to it (in Inputs: Restore to original SL on uncheck=true), or stay at present SL (in Inputs: Restore to original SL on check=false).

- Input OpenTradesActive=true means that when UTS is first applied to a chart, all currently open & controlled trades will have checkmarks (UTS active on each one); if false, all open & controlled trades are unchecked (UTS inactive on each one, awaiting manual checks/activation from display).

- Input NewTradesActive=true means that after UTS is applies to chart, all new & controlled trades will have checkmarks (UTS active on each one); if false, all new & controlled trades will be unchecked (UTS inactive on each one, awaiting manual checks/activation from display).

Hi Blake,

I am noticing the EA is not doing the Breakeven VSL adjustment for some of my trades.

For example, I have 3 trades open right now:

And the 2nd trade as you can see, is above the BEpips threshold of 5 pips, but it is maintaining the original Chandlier SL at 1.40721 (entry price was 1.40978). How can I make the EA perform the Breakeven VSL adjustments correctly?

Thanks!

Hi Sanghyuk, 

I uploaded a new version, 2.33, that fixes a bug in BE. 

Please give a try and let me know if that improves things. 

Cheers, 
Blake

Hi Pai, 

To have trailing by 25 pips to every order, you just need to set the following: 

Trailing Stop Method (Dropdown) = Fixed distance in pips; 
Fixed Distance in pips = 25; 
Symbol Filter Condition (Dropdown) = Equal; 
Symbol Filver Value = *

Attached is the set file for that. 

I recently had a user who requested that added Percent [of TakeProfit] to move to BE as an additional option to Pips to move to BE, which UTS has already. 

So in this latest release, 2.35, I have added this feature, and I think it can be an easy and fast way of calculating BE threshold for multiple instruments without having to worrying about the gauging of pips for each instrument. 

Here is a gif showing it in action, where I set the TakeProfit=50 and the Percent [of TakeProfit] to move to BE=50, so in effect it is setting BE when it reaches 50% (or 25 pips) of the 50 pip TakeProfit. You might have the click on the image to see the gif video: 

Hi, 

Can you please tell me what instrument you are using UTS on? 

I use AvaTrade as well for all its non-forex symbols, and a user needs to adjust pips differently for them. For instance, US_TECH100 starts off with -50 pips on market orders, and it can move up or down 50 pips in seconds, so a 5 pip TP1 might be too small a move for it to register. 

Can you please take a screenshot, or better yet, a screen video of UTS working on your instrument on its chart,  and missing the 5 pip TP1, so I can better duplicate the issue.