Elite indicators :) - page 232

tekila
4
tekila  

BreakEven expert

hi i am looking for a expert have these options.

Everytime you take a position, It will automatically place your "Take Profit" and "Stop Loss" to preset levels, set the levels the way you want. It will also bring your "Stop Loss" to BreakEven after the price moves to preset pips in profits...

thanks

ismael360
748
ismael360  

Unorthodox is a great thing, I think. I think it's how many new ideas come about. I'm somewhat unorthodox myself so it's good too see some one like yourself here in the elite section.

Codex
94
Codex  

Hi MLaden,

Would it be possible for you to see if you can adjust the following two indicators attached not to repaint?

1. SnakeForce

2. Trend Magic

Truly appreciate your assistance.

Thank you in advanced.

Codex.

Files:
Mladen Rakic
151197
Mladen Rakic  

Codex,

For the SnakeForce I can answer immediately : it is using a centered Trinagular MA in its calculation. What it means that it is a triangular MA shifted half period to the past (to the left) and the rest of bars missing that way is extrapolated. So, in short, since extrapolation is never a "one way street" SnakeForce can not be changed not to recalculate (repaint)

______________________________

As of TrendMagic : it is a renamed SuperTrend originally made by Jason Robinson and it inherited the best known part of it (the repainting) too, even though the logic of it is a sound logic and just to the unfortunate color repainting problem it became infamous

Attaching a version that does not repaint (as far as I remember I did not post this one yet, hence posting it here) One parameter needs an explanation : OldCalculation. There are some versions of super trend that were using a fixed difference for calculating when the trend changes direction or "steps" in the same direction. If you set the OldCalculation to true, it will calculate like those earliest versions, otherwise it will use a normal average true range for that task (the default)
regards

Mladen

Codex:
Hi MLaden,

Would it be possible for you to see if you can adjust the following two indicators attached not to repaint?

1. SnakeForce

2. Trend Magic

Truly appreciate your assistance.

Thank you in advanced.

Codex.
Codex
94
Codex  

Thank you very much MLaden, really appreciate your feedback.

- Codex.

Mladen Rakic
151197
Mladen Rakic  

Just in case

This is a snake force made to use simple triangular MA (so no repainting of the last 5 bars) You can clearly see where the shift happened and the effect of centering triangular MA has on it (upper is the original Snake force with centered TMA (last 5 bars repainting) and lower is the SnakeForce with "regular: TMA - no repainting)
PS: don't worry about the warnings issued by the compiler - I simply left all the code that is not used any more in this one, so those warnings a benign
Codex
94
Codex  

Double Thanks MLaden !!!!

bkennedype
60
bkennedype  

There are lots of great EAs to handle this. In my opinion, the best one, and the one I use, is Steve Hopwood's Multi-purpose trade management EA. Google it and you'll find it.

I use this EA on one chart to manage my going to BE for all trades. You can set it to manage all pairs, just certain pairs or just the pair whose chart it is on.

No need to reinvent this wheel. This EA should do what you need. If you can't find it, send me a PM.

Ben

tekila:
hi i am looking for a expert have these options.

Everytime you take a position, It will automatically place your "Take Profit" and "Stop Loss" to preset levels, set the levels the way you want. It will also bring your "Stop Loss" to BreakEven after the price moves to preset pips in profits...

thanks
ismael360
748
ismael360  

Sorry guys meant to post this somewhere else. As you were Gents. I hope you all can keep the ball rolling like yall have been. Thx.

newtrader100
105
newtrader100  

Hello mrtools.

I concur with what's been said about a MTF version of the price channel indicator you kindly shared with us. Can only be a good thing if possible for you to code.

In any case, I thank you all very much!