Experts: AutoTStop EA
Hi 3rjfx
Could you tell me how would i set my inputs perameters if i was going for a 100 pips TP an when i have 20 pips profit i would want the EA to trail up to my entry
an when i have 40 pips proft i would want the EA to sercure me 20 pips profit an when i have 60 pips profit i would want the EA to sercure me 40 pips profit .
Hi 3rjfx
Could you tell me how would i set my inputs perameters if i was going for a 100 pips TP an when i have 20 pips profit i would want the EA to trail up to my entry
an when i have 40 pips proft i would want the EA to sercure me 20 pips profit an when i have 60 pips profit i would want the EA to sercure me 40 pips profit .
082419lf
The idea of the Trailing Stop is not as you expect.
Because in forex, no one can guarantee that if the price moves up, it will continue to rise, or if the price goes down, it will continue to go down.
Trailing Stop will only secure the profit that you earn, when the price moves reversed.
I suggest you to use AutoTStop EA along with a built-in indicator of the MT4 "ZigZag" indicators, and trading on H4 or H1 timeframe, then I am sure you will easily make a profit.
Regards.
hi,
like yours EA, please explain following User input:
AutoTrailingStop = True; // Default Trailing Stop value = 6.0 - where I can adjuced this?
AutomaticSystemTP = "Set AutomaticTakeProfit=True or False"; - which user input is this?
OptimizationTakeProfit = True; // TP will calculation by EA and Automatic TP by EA - how does EA calculate this?
I'm using following setup and EA close buy orders mostly on 3.20(40) when price reach 3.60:
no problems with sell order
//--- User Input
input string AutoTStop = "Copyright © 2014 3RJ ~ created by Roy Philips-Jacobs";
extern bool FridayTrade = True; // If True, EA still trading at Friday
extern bool UseTrailingStop = True; // Use Trailing Stop, True (Yes) or False (Not)
extern bool AutoTrailingStop = True; // Default Trailing Stop value = 6.0
extern double TrailingStop = 24.0; // If Auto Trailing Stop False, input Trailing Stop Value
extern double TrailingStopStep = 1.0; // Input Trailing Stop Step Value (default 1.0)
input string AutomaticSystemTP = "Set AutomaticTakeProfit=True or False";
extern bool OptimizationTakeProfit = True; // TP will calculation by EA and Automatic TP by EA
extern bool NoMinimumTakeProfit = True; // True or False -> If Set True, 100% TP by EA not use minimum TP.
input string MinimumSystemTP = "If Set NoMinimumTakeProfit=False"; // TP by EA on minimum TP values
extern double MinimumTP = 10; // Minimum TP by EA on the AutomaticTakeProfit=True function, default value 10
input string ManualSystemTP = "If Set AutomaticTakeProfit=False"; // TP by Terminal MT4 (same as manual trading)
extern double TakeProfit = 20; // TP by System, values can adjust by user
input string AutomaticSystemSL = "Set AutomaticStopLoss=True or False";
extern bool AutomaticStopLoss = True; // SL will calculation by EA
input string ManualSystemSL = "If Set AutomaticStopLoss=False"; // SL values can adjusted by user
extern double StopLoss = 96; // SL adjusted by user
hi,
like yours EA, please explain following User input:
AutoTrailingStop = True; // Default Trailing Stop value = 6.0 - where I can adjuced this?
AutomaticSystemTP = "Set AutomaticTakeProfit=True or False"; - which user input is this?
OptimizationTakeProfit = True; // TP will calculation by EA and Automatic TP by EA - how does EA calculate this?
I'm using following setup and EA close buy orders mostly on 3.20(40) when price reach 3.60:
no problems with sell order
//--- User Input
input string AutoTStop = "Copyright © 2014 3RJ ~ created by Roy Philips-Jacobs";
extern bool FridayTrade = True; // If True, EA still trading at Friday
extern bool UseTrailingStop = True; // Use Trailing Stop, True (Yes) or False (Not)
extern bool AutoTrailingStop = True; // Default Trailing Stop value = 6.0
extern double TrailingStop = 24.0; // If Auto Trailing Stop False, input Trailing Stop Value
extern double TrailingStopStep = 1.0; // Input Trailing Stop Step Value (default 1.0)
input string AutomaticSystemTP = "Set AutomaticTakeProfit=True or False";
extern bool OptimizationTakeProfit = True; // TP will calculation by EA and Automatic TP by EA
extern bool NoMinimumTakeProfit = True; // True or False -> If Set True, 100% TP by EA not use minimum TP.
input string MinimumSystemTP = "If Set NoMinimumTakeProfit=False"; // TP by EA on minimum TP values
extern double MinimumTP = 10; // Minimum TP by EA on the AutomaticTakeProfit=True function, default value 10
input string ManualSystemTP = "If Set AutomaticTakeProfit=False"; // TP by Terminal MT4 (same as manual trading)
extern double TakeProfit = 20; // TP by System, values can adjust by user
input string AutomaticSystemSL = "Set AutomaticStopLoss=True or False";
extern bool AutomaticStopLoss = True; // SL will calculation by EA
input string ManualSystemSL = "If Set AutomaticStopLoss=False"; // SL values can adjusted by user
extern double StopLoss = 96; // SL adjusted by user
Right-click your Chart Trading Terminal and in Expert Advisors > Properties you can see customization options (User input)
AutoTrailingStop = True; // Default Trailing Stop value = 6.0 - where I can adjuced this? ~> extern double TrailingStop = 24.0; // If Auto Trailing Stop False, input Trailing Stop Value
AutomaticSystemTP = "Set AutomaticTakeProfit=True or False"; - which user input is this? ~> extern bool OptimizationTakeProfit = True; // TP will calculation by EA and Automatic TP by EA
OptimizationTakeProfit = True; // TP will calculation by EA and Automatic TP by EA - how does EA calculate this? ~> See Function: void CalcSTP() //-- function: for calculation Automatic Take Profit.
I'm using following setup and EA close buy orders mostly on 3.20(40) when price reach 3.60: no problems with sell order
~ Value automatic take profit depending on your Internet speed and the speed of movement of the price change.
Right-click your Chart Trading Terminal and in Expert Advisors > Properties you can see customization options (User input)
AutoTrailingStop = True; // Default Trailing Stop value = 6.0 - where I can adjuced this? ~> extern double TrailingStop = 24.0; // If Auto Trailing Stop False, input Trailing Stop Value
AutomaticSystemTP = "Set AutomaticTakeProfit=True or False"; - which user input is this? ~> extern bool OptimizationTakeProfit = True; // TP will calculation by EA and Automatic TP by EA
OptimizationTakeProfit = True; // TP will calculation by EA and Automatic TP by EA - how does EA calculate this? ~> See Function: void CalcSTP() //-- function: for calculation Automatic Take Profit.
I'm using following setup and EA close buy orders mostly on 3.20(40) when price reach 3.60: no problems with sell order
~ Value automatic take profit depending on your Internet speed and the speed of movement of the price change.
thx for explanations, I have constant error for all symbols :
2015.05.07 11:47:16.359 AutotStop EURUSD,M5: invalid stoploss for OrderModify function
2015.05.07 14:12:25.127 AutotStop EURUSD,Daily: invalid stoploss for OrderModify function
2015.05.07 14:13:09.030 AutotStop GBPUSD,Daily: invalid stoploss for OrderModify function
2015.05.07 14:30:57.739 AutotStop EURJPY,H1: invalid stoploss for OrderModify function
what I'm doing wrong
on this setup:
input string AutoTStop = "Copyright © 2014 3RJ ~ created by Roy Philips-Jacobs";
extern bool FridayTrade = True; // If True, EA still trading at Friday
extern bool UseTrailingStop = True; // Use Trailing Stop, True (Yes) or False (Not)
extern bool AutoTrailingStop = False; // Default Trailing Stop value = 6.0
extern double TrailingStop = 13.0; // If Auto Trailing Stop False, input Trailing Stop Value
extern double TrailingStopStep = 5.0; // Input Trailing Stop Step Value (default 1.0)
input string AutomaticSystemTP = "Set AutomaticTakeProfit=True or False";
extern bool OptimizationTakeProfit = False; // TP will calculation by EA and Automatic TP by EA
extern bool NoMinimumTakeProfit = True; // True or False -> If Set True, 100% TP by EA not use minimum TP.
input string MinimumSystemTP = "If Set NoMinimumTakeProfit=False"; // TP by EA on minimum TP values
extern double MinimumTP = 10; // Minimum TP by EA on the AutomaticTakeProfit=True function, default value 10
input string ManualSystemTP = "If Set AutomaticTakeProfit=False"; // TP by Terminal MT4 (same as manual trading)
extern double TakeProfit = 35; // TP by System, values can adjust by user
input string AutomaticSystemSL = "Set AutomaticStopLoss=True or False";
extern bool AutomaticStopLoss = False; // SL will calculation by EA
input string ManualSystemSL = "If Set AutomaticStopLoss=False"; // SL values can adjusted by user
extern double StopLoss = 89; // SL adjusted by user
thx for explanations, I have constant error for all symbols :
2015.05.07 11:47:16.359 AutotStop EURUSD,M5: invalid stoploss for OrderModify function
2015.05.07 14:12:25.127 AutotStop EURUSD,Daily: invalid stoploss for OrderModify function
2015.05.07 14:13:09.030 AutotStop GBPUSD,Daily: invalid stoploss for OrderModify function
2015.05.07 14:30:57.739 AutotStop EURJPY,H1: invalid stoploss for OrderModify function
what I'm doing wrong
on this setup:
input string AutoTStop = "Copyright © 2014 3RJ ~ created by Roy Philips-Jacobs";
extern bool FridayTrade = True; // If True, EA still trading at Friday
extern bool UseTrailingStop = True; // Use Trailing Stop, True (Yes) or False (Not)
extern bool AutoTrailingStop = False; // Default Trailing Stop value = 6.0
extern double TrailingStop = 13.0; // If Auto Trailing Stop False, input Trailing Stop Value
extern double TrailingStopStep = 5.0; // Input Trailing Stop Step Value (default 1.0)
input string AutomaticSystemTP = "Set AutomaticTakeProfit=True or False";
extern bool OptimizationTakeProfit = False; // TP will calculation by EA and Automatic TP by EA
extern bool NoMinimumTakeProfit = True; // True or False -> If Set True, 100% TP by EA not use minimum TP.
input string MinimumSystemTP = "If Set NoMinimumTakeProfit=False"; // TP by EA on minimum TP values
extern double MinimumTP = 10; // Minimum TP by EA on the AutomaticTakeProfit=True function, default value 10
input string ManualSystemTP = "If Set AutomaticTakeProfit=False"; // TP by Terminal MT4 (same as manual trading)
extern double TakeProfit = 35; // TP by System, values can adjust by user
input string AutomaticSystemSL = "Set AutomaticStopLoss=True or False";
extern bool AutomaticStopLoss = False; // SL will calculation by EA
input string ManualSystemSL = "If Set AutomaticStopLoss=False"; // SL values can adjusted by user
extern double StopLoss = 89; // SL adjusted by user
I have never experienced such error for this EA code, this EA I use every day and no error.
Try to see update_3.
I do not know what happened to your code.
I have never experienced such error for this EA code, this EA I use every day and no error.
Try to see update_3.
I'm using update_3 and discover what cause an error. I'm using buy and sell script with an SL and TP and yours EA can't handle this.
also found that manual ( AutoTrailingStop = False;) doesn't work as predicted. for example in EUR/USD.
AutoTrailingStop = False;)
TrailingStop = 13.0;
TrailingStopStep = 1.0;
AutomaticStopLoss = False;
EA should move TS when price move 13 pips (130 points) and jump every 1 pip (10 points)
here is what EA is doing when price move 6 pips jumps every 1 pip
I'm using update_3 and discover what cause an error. I'm using buy and sell script with an SL and TP and yours EA can't handle this.
also found that manual ( AutoTrailingStop = False;) doesn't work as predicted. for example in EUR/USD.
AutoTrailingStop = False;)
TrailingStop = 13.0;
TrailingStopStep = 1.0;
AutomaticStopLoss = False;
EA should move TS when price move 13 pips (130 points) and jump every 1 pip (10 points)
here is what EA is doing when price move 6 pips jumps every 1 pip
The workings of the Trailing Stop is like that, it will move and changed the Stop Loss to secure profits.
Try changing scripts void CalcSTP() with this code:
void CalcSTP() //-- function: for calculation Automatic Take Profit. { //---- RefreshRates(); double spread=Ask-Bid; int tfr[]={30,240}; // timeframes arrays tp double bstp[]={20,35,50}; //arrays tp value //- fClB=false; fClS=false; int zh1,zl1; //-- for(int iz=bar-1; iz>=0; iz--) //- for(iz tfh) { //-- if(iHigh(symbol,tfh,iz)==iCustom(symbol,tfh,"ZigZag",1,iz)) {zh1=iz;} if(iLow(symbol,tfh,iz)==iCustom(symbol,tfh,"ZigZag",2,iz)) {zl1=iz;} //-- } //-end for(iz tfh) //- if(zl1==0) {bool stB=true;} if(zh1==0) {bool stS=true;} //- if(opttp && nomintp) { //-- if(_Period<tfr[0]) {tp=NormalizeDouble((bstp[0]*pp),digit);} else if((_Period>=tfr[0])&&(_Period<tfr[1])) {tp=NormalizeDouble((bstp[1]*pp),digit);} else if((_Period>=tfr[1])) {tp=NormalizeDouble((bstp[2]*pp),digit);} //- dvab=tp*0.5; //-- if(stB==true) {fClS=true;} if(stS==true) {fClB=true;} //-- } //-- if(opttp && !nomintp) { //-- if(_Period<tfr[0]) {tp=NormalizeDouble((bstp[0]*pp),digit);} else if((_Period>=tfr[0])&&(_Period<tfr[1])) {tp=NormalizeDouble((bstp[1]*pp),digit);} else if((_Period>=tfr[1])) {tp=NormalizeDouble((bstp[2]*pp),digit);} //- tpABS=NormalizeDouble((MinimumTP*pp),digit); //-- } else {tp=NormalizeDouble(TakeProfit*pp,digit);} //-- if(autsl) {sl=NormalizeDouble((pp*99)+spread,digit);} else {sl=StopLoss*pp;} //-- RefreshRates(); pBo=High[0]-Close[0]; pSo=Close[0]-Low[0]; //-- pdifB=pp*difB; pdifS=pp*difS; mdHC=(pBo>pdifB); mdLC=(pSo>pdifS); mdUp=(Close[0]<(lastBid-pdifB)); mdDn=(Close[0]>(lastAsk+pdifS)); //-- return; //---- } //-end CalcSTP() //---------//
please can you give me the link of zigzag that u mentioned in this comment
You can see the ZigZag indicator at the end of the list of indicators.
Scripts ZigZag above is intended to get the value of the ZigZag indicator without the need to put ZigZag indicator on the chart trading terminal.
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AutoTStop EA:
Author: 3rjfx