If you want things to happen now, then you need a script.
If you want things to happen both now and in the future, then you need an ea.
You will be lucky to find what you want is already coded - you are asking a lot.
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| is a script or an EA needed to do this? https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3842 |
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| Author: | pattyloo [ Mon Sep 22, 2014 6:24 pm ] |
| Post subject: | is a script or an EA needed to do this? |
I've been manually doing kind of an price bracketing strategy with some success. But, when trying to manage it on multiple markets, it's a lot of manual work. I'm wondering how to automate this, or if there's already something similar that I could use. Basically, I look at the 4-hr chart, and if it is trending, then I like that market. I really prefer to make the decision myself whether to trade a specific contract - not let the EA decide. I just want the robot to do the manual work! So, maybe I just put the EA on the market that I've already decided I like. Let's say the pair is going up. I put about 10 buy orders around current price (some limit and some stop orders). I leave these trend trades run until I'm happy with the result, and then I close with the 'X'. I like making the close decision myself. I also put some sell orders mixed in between the buys to catch the chop. Here, I'm only looking for about 30 pips (my broker quotes 5 decimals, so I think that's 3 regular pips). So, I do enter values in SL and TP in case the trend takes over. I know that many of the EA's provided here will change SL value (wipe it out, for example). Of course, EA's can open orders. So, I'm thinking that an EA can do this whole process of putting on the trades surrounding current price, and handling the SL and TP values appropriately (none for trend trade, and both TP & SL for counter trade). Can someone advise or point me to a similar EA or script? |
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| Author: | SteveHopwood [ Mon Sep 22, 2014 7:17 pm ] |
| Post subject: | is a script or an EA needed to do this? |
If you want things to happen now, then you need a script. If you want things to happen both now and in the future, then you need an ea. You will be lucky to find what you want is already coded - you are asking a lot. |
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| Author: | pattyloo [ Mon Sep 22, 2014 9:02 pm ] |
| Post subject: | is a script or an EA needed to do this? |
Thanks for responding, Steve. I will try to dive into some of the EA code in yours and Bob's EA's and see if I can figure it out, or at least ask a more informed question. I think I'll look at that one that wipes out the SL's and see if i can clone it to set the SL instead of wiping it out. Even if I have to set my own trades manually using the right click menu, having a script or EA to update the SL/TP would be a big help. |
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| Author: | Cubic [ Tue Sep 23, 2014 9:09 am ] |
| Post subject: | is a script or an EA needed to do this? |
I happened to see the item below after reading your post. Its probably not ideal for your purpose: It displays parameters in Russian (though it might have an English setting), it has a price tag (though there is a free demo), and I'm not even sure how much it covers your wish-list of features. I'm mainly posting this because the description may give you some useful ideas. Google the phrase below, including the quotation marks forexstart "Советник Risk" The first result should be at http://fxstart-forum.org/showthread.php?t=19422 If you don't read Russian, click "Translate this page" Note: I haven't downloaded or used it; I have no knowledge of, or affiliation with the seller; and, I haven't even read the whole description. Caveat emptor. ~~~~~~~ I think if you explore further, you may find *some* of the functions that you want in free open source tools. If you use Google translation on the URL http://www.kimiv.ru ...you'll see some hotkey-triggered order-entry scripts in the Free -->Scripts section. Not even close to your full wish-list, but you may see some useful nuggets if you wander around a bit on that site. Again, I have no affiliation with Kimiv, though I've seen him active, helpful and respected in forums for years. ~~~~~~~ You may also want to do some digging here: http://www.mql5.com/en/code/Empty4/scripts ...And do the Google translate thing on this URL: http://www.mql5.com/ru/code/Empty4/scripts The last link above *might* turn out to be your best bet. However, I should note that Google's translations can sometimes leave you with a lot to wonder about...Key terms untranslated, some trading terms translated as 'moose', 'owl', 'shoulder', 'foot', 'light' etc.. Happy Hunting! |
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