MurphyMan wrote: Shouldn't the SL be set at the BE point or is it already there and I'm missing it? And shouldn't that BE point move as subsequent trades are added? Perhaps that BE/SL could be given as an optional input for InsertMissingStopLoss. In the old Beast series you had a blue BE line.

MurphyMan wrote:

MurphyMan wrote: Shouldn't the SL be set at the BE point or is it already there and I'm missing it? And shouldn't that BE point move as subsequent trades are added? Perhaps that BE/SL could be given as an optional input for InsertMissingStopLoss. In the old Beast series you had a blue BE line.

Okay - I found MoveStopToBeakeven, and was set to True (not in the users guide).

I have two EURCAD longs open. Started with the SL set to 0 for both trades. I dragged ITM onto the chart and let 'er rip. Instead of setting a single BE point (between the two trades) SL for both trades, it set one at the current 240, and another at the WMP, which also happened to be the same as the first trade.

SteveHopwood wrote: I have been going to reply to your first one all day Sam - been busy.

My understanding is that when a subsequent trade n opens, then trade n-1 has its stop moved to breakeven.

Is this one of my many misunderstandings?

The two of them together would place a BE level. So if one is at +100 and the second one enters and is at 0 BE would be +50 and -50. A third trade would cause the BE move up so all three would become BE if hit. No risk trading.

SteveHopwood wrote:
Also, it would be nice to have an automated expiry time set into the script. Any coders out there with any idea how to do this?

expiration=iTime(NULL,PERIOD_W1,0)+10080*60-TimeCurrent()

spotdespot wrote:

SteveHopwood wrote:
Also, it would be nice to have an automated expiry time set into the script. Any coders out there with any idea how to do this?

Disclaimer.....ex-coder

If you want the pending orders to expire at the end of the week - can't you just work out the time remaining on the weekly bar and use that as the expiration time in the "ordersend" function?

e.g. using something like:

Code: Select all

expiration=iTime(NULL,PERIOD_W1,0)+10080*60-TimeCurrent()

Cheers,
Dave.

SteveHopwood wrote:I asked Bob about the breakeven thingy and I have misunderstood, so thanks Sam and Gertge for bringing this up.

Breakeven inputs
If you have been trading 10.4 properly, then by the time a second trade opens, the first will be a long way into profit. This means you can set a stop loss on both trades that will result in breakeven or better, should the market retrace.

• ExtraBreakevenProfitPips: this allows you to add extra pips to the breakeven price. The default of 10 means we come out with 10 pips profit should the basket close at BE.
• BreakevenLineColour: by default, IMT draws a blue BE line on your chart, and closes the trades should the market touch/cross it. This input allows you to use your own favourite colour.

zimezoom wrote:Hello!

Excellent job with 10.4! Really appreciated!
One question: how do I read the value of the "embedded" RSI(2) from EA code?

Thanks!