MQL4 code required - calculate $value per point
bryanjald_gmail_com:
I want to set my TP based on a target % of my account balance. Example:
Balance=$100
Lotsize=0.01
EURUSD
Target % profit = 0.5% of balance
Once I have the $value per point I can then calculate my TP
Your options are:
1: Hire someone
2: Find something in the codebase
3: Find something in the market place
https://www.mql5.com/en/market
4: Learn to code
https://www.mql5.com/en/docs
Trading applications for MetaTrader 5 to order
- www.mql5.com
The EA is an attempt to maximised TP and Minimised SL by MA and Bollinger Band MA is used as Trend Identification and BB as exit point for TP and SL Entry is manually, however entry is automated for back testing purpose Further details will be provided, if you agree to take up the job. EA based solely on volume progression that should...
Jack Thomas:
Your options are:
1: Hire someone
2: Find something in the codebase
3: Find something in the market place
https://www.mql5.com/en/market
4: Learn to code
https://www.mql5.com/en/docs
Ha ha ha ha
bryanjald_gmail_com:
Ha ha ha ha
You laugh at my answer? I'm serious. Those are your options.
bryanjald_gmail_com: Once I have the $value per point I can then calculate my TP
Do your math.
- You place the stop where it needs to be - where the reason for the trade is no longer valid. E.g. trading a support bounce the stop goes below the support.
- Account Balance * percent/100 = RISK = OrderLots * (|OrderOpenPrice - OrderStopLoss| * DeltaPerLot + CommissionPerLot) (Note OOP-OSL includes the SPREAD, and DeltaPerLot is usually around $10/pip but it takes account of the exchange rates of the pair vs. your account currency.)
-
Do NOT use TickValue by itself - DeltaPerLot
and verify that MODE_TICKVALUE is returning a value in your deposit
currency, as promised by the documentation, or whether it is returning a value
in the instrument's base currency.
MODE_TICKVALUE is not reliable on non-fx instruments with many brokers. - You must normalize lots properly and check against min and max.
- You must also check FreeMargin to avoid stop out
whroeder1:
Do your math.
- You place the stop where it needs to be - where the reason for the trade is no longer valid. E.g. trading a support bounce the stop goes below the support.
- Account Balance * percent/100 = RISK = OrderLots * (|OrderOpenPrice - OrderStopLoss| * DeltaPerLot + CommissionPerLot) (Note OOP-OSL includes the SPREAD, and DeltaPerLot is usually around $10/pip but it takes account of the exchange rates of the pair vs. your account currency.)
-
Do NOT use TickValue by itself - DeltaPerLot
and verify that MODE_TICKVALUE is returning a value in your deposit
currency, as promised by the documentation, or whether it is returning a value
in the instrument's base currency.
MODE_TICKVALUE is not reliable on non-fx instruments with many brokers. - You must normalize lots properly and check against min and max.
- You must also check FreeMargin to avoid stop out
Thanks.
I want to set my TP based on a target % of my account balance. Example:
Balance=$100
Lotsize=0.01
EURUSD
Target % profit = 0.5% of balance
Once I have the $value per point I can then calculate my TP