Posts made by BlueMoon

I am attaching the screenshot of the "Trailing Stop" block I am using. I want to trail "Take Profit" so using this setting.

I am seeing that when mt trade is losing 10 pips, it trails and sets my TP to 5 pips loss. This is not the expected behavior. Instead I don't want it to do anything when my trade is losing money. I want it to trail when it makes 10 pips, then set the TP to 5 pip.

What is going on here?

@fxDreema said in Trailing:

The Trailing stop block works with the current price (let's say Ask) and the current SL to decide when is the right time to modify SL. It looks at the difference between both levels all the time. Now, you want to modify SL at every 10 pips and to put SL at 50% of the difference between Ask and SL. You have absolute Step and relative Stop. You can try with this option "Multiple levels" for Trailing Stop, but the problem with this option is that you can define certain number of levels, it's not a formula that can work for infinite number of levels.

Again, the problem is that you need to somehow work with invisible grid of levels where each new level is exactly 10 pips above (or below) the previous one. But the Trailing stop block looks at the SL line to decide when to modify it again. You want the SL line to change like this:

• when profit 50 pips put SL at 25 pips
• when profit 60 pips put SL at 30 pips
• when profit 70 pips put SL at 35 pips
• when profit 80 pips put SL at 40 pips
• when profit 90 pips put SL at 45 pips
• when profit 100 pips put SL at 50 pips

This is the closest that was able to make: https://fxdreema.com/shared/MM7kc2SZb But because I use relative Step, the levels are not exactly 50, 60, 70, 80 and so on... But what is the chance to have more than 5-6 SL modifications, it's very low. I put some "Delay" block in "on Trade", so the EA will pause on each SL modification and you will be able to easily measure all the distances.

You are awesome!! Thank you very much to take the time. However I have a few questions and need some more clarifications:

1. I don't understand the need of the "Delay" block. Can you please explain more about the need for this?
2. You mentioned "Multiple levels" for trailing stops in your message but in the link you sent for the real blocks, I don't see you are using this. I believe you are showing 2 methods to achieve this. But I am getting confused with the methods. Can you please clarify this?
3. Lets say I am ok to use "multiple levels" and manually type all levels and their stops. Is there a limit to how many levels it will allow me to type in the block?
4. In your examples you have used the "SL" for the stops. Does it matter if you use "SL" or "TP" for trailing? is there any difference?

How do I set the following trailing profit?

My Open position will have no SL and no TP set. Following is what I want:

1. When my position is making 50 pips, I want trailing at 50% which is 25 pips
2. At every 10 pip increments I want to adjust this accordingly based on 50%, I mean when the profit on it reaches 60 pips, I want the trailing to be set to 30 pips. When profit reached 70 pips, I want the trailing to 35pips., and so on.....

The "Check Profit Unrealized" block does not seem to be working as expected. Any idea what could be wrong? I am using this block to make the following decisions:

1. If unrealized profit is == 0, then do A
2. if unrealized profit is > 20, then do B
3. if unrealized profit < (-20) then do C
4. else do nothing

How do I create the following condition:

1. If the net P/L of all Open trades is Profit of 25 pips then close all trades.
2. if the net P/L of all Open Trades is between 0 and 25 pips do nothing.
3. if the net P/L of all Open trades is less than 0 then Open new trades.

What is the difference between the 2 blocks?

I need my EA to close all trades if my existing profit of all open trades is more than 25 pips. What do I use for that?

I also want to open a new trade if I have a loss more than 10 pips for all my existing open trades? How to do this?

Oh! Not sure how I could not see that! Thanks.

I was able to figure out everything I need with exception of the "Lot Size" I really need to find out what was the lot size of my last closed trade.

Please help me

I got that part about using the "Trade Close" event. What I need help with is to get the parameters of the closed trade so I can use the same for opening new Pending Order.
For now..I need the the following parameters of the trade that just closed and open Pending Order with the exact same:

1. Open Price
2. Lot Size
3. Buy or Sell
4. Take Profit

I want to create a "Pending Order" exactly whatever the "Trade close" happened.
What is the best way to do this?

Example:
If my trade is closed due to Take Profit. I want to create a new Pending Order at the exact same price just like the trade that was closed.

that works! thank you.

When will this be available?

Can you please update here when this is added?

I wanted to write a script which would have "Inputs" I am able to do this while I am building it. But when I run the script in MT4 it does not allow me to input anything, it just takes all the defaults.

How can I input those values each time I run the script?

Want to do this using a script.

Thanks for your replies. I guess then I don't have an option to build my own.

In that case can you recommend me options for trade copying? I checked the link you previously sent. It has very little description on what it could do. I downloaded and noticed it has some "Inputs" for the client but nothing for the server. There are other options that I don't understand. Would be nice if there was some readme for all options.

Are there any other service you are aware of? I don't mind to even spend somethin reasonable.

Thank you so much for the link. But I was hoping to build something of my own using fxDreema. Is that possible?

OK I found the answer myself, Here is it if someone else wants to know it.

https://fxdreema.com/help/basics/scripts

I see options to create a script or an EA. What is the difference? I know how to run an EA on my MT4 platform. How do you run a script?

I would like to copy my trades that I manually enter or my EA creates to another EA account on the same computer as well as another multiple computers. Is there easy way to do this?