stevehopwoodforex.com • MPTM's new home

Author:

dudest [ Fri Nov 15, 2013 10:31 am ]

Post subject:

Re: MPTM's new home

jako wrote:
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

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MPTM's new home https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=64	Page 34 of 57

Author:	SteveHopwood [ Thu Nov 07, 2013 2:35 pm ]
Post subject:	Re: MPTM's new home
renegade wrote: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.

Author:	renegade [ Thu Nov 07, 2013 2:37 pm ]
Post subject:	Re: MPTM's new home
Thanks Steve for the quick reply. Can't wait to test this baby out!

Author:	fxturtle [ Sun Nov 10, 2013 4:37 am ]
Post subject:	Re: MPTM's new home
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.

Author:	dudest [ Mon Nov 11, 2013 10:53 am ]
Post subject:	Re: MPTM's new home
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

Author:	dudest [ Mon Nov 11, 2013 10:59 am ]
Post subject:	Re: MPTM's new home
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

Author:	jako [ Tue Nov 12, 2013 5:13 pm ]
Post subject:	Re: MPTM's new home
dudest wrote: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.

Author:	dudest [ Tue Nov 12, 2013 7:39 pm ]
Post subject:	Re: MPTM's new home
jako wrote: 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 .

Author:	jako [ Wed Nov 13, 2013 4:46 pm ]
Post subject:	Re: MPTM's new home
dudest wrote: jako wrote: 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).

Author:	jako [ Sat Nov 16, 2013 5:20 pm ]
Post subject:	Re: MPTM's new home
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?

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