MPTM's new home

[SteveHopwood]

Thanks Steve for another great tool. I have one question though. I am setting up per PDF and when Partial close is enabled I can not find the preserve lots setting anywhere. I am setting up per your first example in the guide. Any help would be greatly appreciated.

That needs removing from the guide as it is redundant. One of the clever coders here amended the code so that the preservation is automatic.

[renegade]

Thanks Steve for the quick reply. Can't wait to test this baby out!

[fxturtle]

Hi Steve,

This is what i'm trying to achieve in the great ea. Thanks Steve for the generosity.

I want to set BE after moving 50 pips in my favor.
I want to secure 10 pips profit after 50 pips.
I want to trail by 5 pips after 100 pips profit is hit and a maximum TP of 125 pips.

These are my setting:

BreakEven Settings

BreakEven: True
BreakEvenPips: 50
BreakEvenProfit: 10

Trailing Stop Loss Setting

TrailingStop: True
UseStandardTrail: True
TrailingStopPips: 100
StopTrailAtPipsProfit: True
StopTrailPips: 5

Hidden Take Profit Setting

HiddenTakeProfitEnabled: True
HiddenTakeProfitPips: 125

I've never used an EA before, but your tool is very handy when i'm away from my computer.

Thanks a lot.

[dudest]

Hallo fxturtle,

The BreakEven settings are pretty straightforward, and your setfile for these looks OK.

However, the 2nd part ("...I want to trail by 5 pips after 100 pips profit is hit...") is a bit tricky.

Your trailing stop settings (as per your setfile) means TS will be active at start of trade but will stop trailing when your trade gets to +5pips (!) [ at which point your SL is not yet at BreakEven ]

The most I can recommend is using the "UseTigheningStop" settings to reduce the trailing SL as it approaches your TP.

If this still doesn't come close to meeting your need, check out Global's MPTM with some added functionality: http://www.stevehopwoodforex.com/phpBB3 ... =21&t=1633

Cheers

[dudest]

E.g:

100pips is 80% of 125 pips. Thus:

Code: Select all

extern string  TSF = "Tightening stop feature";
extern bool    UseTigheningStop = true;
extern double  TrailAt50Percent = x;
extern double  TrailAt80Percent = 5;

NB: x is pips you'd like to trail by when price gets to +62.5 pips

Cheers

[jako]

Hallo fxturtle,

The BreakEven settings are pretty straightforward, and your setfile for these looks OK.

However, the 2nd part ("...I want to trail by 5 pips after 100 pips profit is hit...") is a bit tricky.

Your trailing stop settings (as per your setfile) means TS will be active at start of trade but will stop trailing when your trade gets to +5pips (!) [ at which point your SL is not yet at BreakEven ]

The most I can recommend is using the "UseTigheningStop" settings to reduce the trailing SL as it approaches your TP.

If this still doesn't come close to meeting your need, check out Global's MPTM with some added functionality: http://www.stevehopwoodforex.com/phpBB3 ... =21&t=1633

Cheers

Can you please give here a sample set-file? For Global MPTM. Setting the PT by ATR. Move SL to BE also by ATR. Or% by PT.

[dudest]

Can you please give here a sample set-file? For Global MPTM. Setting the PT by ATR. Move SL to BE also by ATR. Or% by PT.

Your post partly assumes i have mind reading skills (which i dont)
Please elaborate your request in more detail

.

[jako]

Can you please give here a sample set-file? For Global MPTM. Setting the PT by ATR. Move SL to BE also by ATR. Or% by PT.

Your post partly assumes i have mind reading skills (which i dont)
Please elaborate your request in more detail

.

I used Google translator and short sentences. I would need a sample file "*. set" for Global MPTM. I want to learn how to set profit target by ATR indicator and simultaneously move stop loss to BE after making a profit by ATR indicator. (Or% of profit).

[dudest]

I used Google translator and short sentences. I would need a sample file "*. set" for Global MPTM. I want to learn how to set profit target by ATR indicator and simultaneously move stop loss to BE after making a profit by ATR indicator. (Or% of profit).

Hallo,

To move SL to BE (using ATR or TP) after trade moves in profit:

1. Using ATR ( 20% of ATR calculated on 20 Daily (1440) periods )

--> BreakEvenPips will be over-ridden by ATR calculation
--> BreakEvenProfit will remain, and be added to ATR calculation
--> If ATR calculation comes up with less than 5 pips, a min of 5pips for BreakEvenPips will be enforced

Code: Select all

extern string  sep1 = "---------------------------------------------------------------------";
extern string  BE                            = "----Break even STD settings----";
extern string  BENote                        = "    ==>(Mode: BE STD)";
extern bool    BreakEven                     = true;
extern double  BreakEvenPips                 = 15;
extern double  BreakEvenProfit               = 2;
extern bool    HideBreakEvenStop             = false;
extern double  PipsAwayFromVisualBE          = 100;

AND

Code: Select all

extern string  sep3= "---------------------------------------------------------------------";
extern string  BEPATR                        = "----BreakEvenPercentageATR feature----";
extern string  BeNote                        = "    ==>(Mode: BE %ATR)";
extern string  BeNote1                       = "Sets the BreakEvenPips as a % of the ATR.";
extern string  BeNote2                       = "BreakEven above must be true for BEPATR to work.";
extern string  BeNote3                       = "BreakEvenPercentageATR overrides";
extern string  BeNote4                       = "BreakEvenPips but not BreakEvenProfit.";
extern bool    UseBreakEvenPercentageATR     = true;
extern int     AtrBePeriod                   = 20;
extern int     AtrBeTimeFrame                = 1440;
extern double  BreakEvenPercentAtr           = 20;
extern double  MinimumBeAtrPips              = 5;

2. Using % of TP

Code: Select all

extern string  sep1 = "---------------------------------------------------------------------";
extern string  BE                            = "----Break even STD settings----";
extern string  BENote                        = "    ==>(Mode: BE STD)";
extern bool    BreakEven                     = true;
extern double  BreakEvenPips                 = 15;
extern double  BreakEvenProfit               = 2;
extern bool    HideBreakEvenStop             = false;
extern double  PipsAwayFromVisualBE          = 100;

AND

Code: Select all

extern string  sep2 = "---------------------------------------------------------------------";
extern string  BETP                          = "----BreakEvenPercentageTP feature----";
extern string  BetpNote                      = "    ==>(Mode: BE %TP)";
extern string  BetpNote1                     = "Sets the BreakEvenPips as a % of the TP.";
extern string  BetpNote2                     = "BreakEven above must be true for BETP to work.";
extern string  BetpNote3                     = "BreakEvenPercentageTP overrides";
extern string  BetpNote4                     = "BreakEvenPips but not BreakEvenProfit.";
extern bool    UseBreakEvenPercentageTP      = true;
extern double  BreakEvenPercentTP            = 20;
extern double  MinimumBeTPPips               = 5;
extern string  BetpNote5                     = "If no takeprofit (TP) is set, then BreakEven is set";
extern string  BetpNote6                     = "from the BreakEvenPercentageATR feature section below.";
extern string  BetpNote7                     = "    ==>(Mode: BE %TP->ATR)";

AND

Code: Select all

extern string  sep15 = "---------------------------------------------------------------------";
extern string  MTPA                          = "----Add a missing Take Profit----";
extern bool    AddMissingTakeProfit          = true;
extern double  MissingTakeProfitPips         = 80;
extern bool    UseTpAtr                      = false;
extern int     AtrTpPeriod                   = 20;
extern int     AtrTpTimeFrame                = 1440;
extern double  AtrTpMultiplier               = 1;

=====

Essentially,

1. To set BE using ATR:
-> Make sure you set BreakEven to true [ under section sep1 ], then set BEPATR settings [ under section sep3 ]

2. To set BE using %age of TP:
-> Set BreakEven [ sep1 ]
-> Set BETP [ sep2 ]
-> Set MTPA [ sep 15 ]

=====

Hope that helps

Cheers

[jako]

EXAMPLE.
How do I change the setting to:
PT = 50% (0.5) ATR (period 20, TF 1440)
SL = PT
Shift SL BE after reaching 25% (0.25) ATR (period 20, TF 1440)

sep 1
BreakEven = false
sep 2
UseBreakEvenPercentageTP = false
sep 3
BreakEvenPercentageATR = true
BreakEvenPercentAtr = 25
sep 6
TrailingStop = false
sep 9
UseTigheningStop = false
sep 10
UseTsPercentageTp = false
sep 11
UseTrailJumpStopPercentageTP = false
sep 14
AddMissingStopLoss = true
sep 15
AddMissingTakeProfit = true
UseTpAtr = true
AtrTpMultiplier = 0.5

Is this correct?