Posts made by trbedell

@roar - Gave your MT5 version a spin. I have a broker that uses hedge method , so I added a close positions block at the "if buy/sell" blocks and it works in test mode. I ran it on a demo account for the past 12 hours across 8 pairs and it failed to open a single trade.

What timeframe do you recommend. I ran it at M15. Any suggestions?

Thanks for the EA. I am going to marry it to...

https://fxdreema.com/forum/topic/7370/new-spin-video-tutorial-signals-dashboard-ea-advanced-looping-objects-arrays/6

I will modify the dashboard to use ADX and Bollinger and drop MA's to give a visual spin to the EA. I will share it when complete.

Thanks,
Thomas

@miro1360 - Thanks Miro!

This task has been completed. If anybody wants to use this EA it is here:

https://fxdreema.com/shared/ZDWXV1bsb

Constants:

Variables:

Good Trading All!
Tom

Found it: Time Frames

https://www.mql5.com/en/docs/constants/chartconstants/enum_timeframes

Type: ENUM_TIMEFRAMES

Sample: PERIOD_M1 - one Minute

Again. Thanks for your assistance.
Thomas

@miro1360 - On second thought... I am wondering how to express timeFrame - in this application I have been using seconds. Is this the correct way or do I need to use another variable?

Thanks again,
Thomas

@miro1360 - Looks good now. I updated the timeFrame in seconds per period. As the system loops, it stops at 30 minutes. I looked and the time calculates Candle 0 - Candle 0 to get the pip size but stops at H1. Any ideas?

Current EA >>> https://fxdreema.com/shared/czlTvUN9c

Here are the results:

Again. Thanks for your assistance.
Tom

Re: Video Tutorial - Signals Dashboard EA [advanced] - looping Objects

@miro1360, I find this to be an excellent project and tutorial. I have created a new spin to this older tutorial and am having a bit of difficulty (as I am not a programmer by trade). I have been able to make some strides, using the existing code you have provided.

Instead of a Multi Pair dash board, I am looking to create a Multi Time dash board for a single pair. I have found that I need a 3 arrays to create the task but I am having difficulty making the EA loop properly to give the results.

I have attached my modification and constant/variable changes. Your insight would be grateful to complete the task. Here is what I have so far.

Shared EA >>> https://fxdreema.com/shared/duB0geW7b

Results: (notice it only draws 3 MA - Stops at M15)

Constants:

Variables:

On-Init:

On-Timer:

The result of this dash board is to provide a Multi-Time View of a pair.

Can you assist me with this?

Best,
Thomas

@l-andorrà - Thank you for that.

Good Day @fxdreema,

I have declared several variables.
TP = Take Profit
SL = Stop Loss

On trade > Formula > Condition > Close

Formula: Ask - 2 pips > V1
Condition: Ask < V1
Close

https://fxdreema.com/shared/EWXUh0uhd

Question: How do I access V1 in the condition block? Terminal Variables is not the answer.

Can you please assist?

Thanks in advance,
Thomas

Are virtual stops converted to market orders? My broker has a 5 pip SL minimum and 3 pip TP minimum to thwart scalping. Can you give more detail on virtual stops please?

Good Day,

Are there any scalpers in the crowd? It seems most brokers have SL and TP limits to thwart scalping. Does anybody have a code sequence to counter this behavior?

Mine appears to have a 5 pip SL and a 3 pip TP limit. Setting limits any close to the open price is rejected and defaults to the broker limits.

Any suggestions would be appreciated.

Look at the spread... It is 15 pips wide. Your EA is buying on close. Find a broker or pair with a 1 pip spread and test.

Nevermind... I found it. Thanks!

@dgrl - How do you enable a Virtual Stop Loss?

BTW: I consider a virtual stop loss - an order that is not posted to the broker as a stop order. It is a variable that triggers a market order once a stop price variable has been met.

PLEASE REMOVE THIS > I have moved it to General Questions.

Thanks

Good Day,

I am looking to create 2 separate "In Trade" sequences.

A virtual trailing stop at X pips that "Close Trade"
A virtual TP at X pips that "Close partial"
The purpose is to avoid publishing a SL and TP stop orders.

The attached EA opens a trade.
Establishes a variable SL and TP
Draw a line were the virtual SL and TP are supposed to be
Alerts (Prints on Screen - Statistics)

https://fxdreema.com/shared/D9x9j8cec

I have created the basis for these virtual stops but I have encountered the following errors.

EA - Does - Enter a trade
EA - Does NOT - Draw the line or print the statistics.

Any suggestions?

Next will be to create a Virtual SL - Loop that will update the SL variable "on tick" and trigger a market order if Virtual SL is triggered.

I am working on a scalping EA. It's all about risk management.

Enter Long on Bull candle (Momentum)
Enter Short on Bear candle (Momentum)

SL: 3 pip
Trail: .5 pip
At 2 pips profit - Move stop to break even
At 10 pip Close 1/2 trade
Ride the trade til stop Loss activated.

The key is to reduce risk quickly. A break even trade beats a loss all day long. You need some big winners to build equity. Using a TP to close entire trade limits profitability and creates a signal to immediately enter a duplicate trade, which often creates a loss.

I have found that most brokers limit TP and SL to avoid scalping. So I am working on building virtual trailing SL and TP that converts to market orders to avoid published stops.

https://fxdreema.com/forum/topic/7327/what-is-the-best-way-to-build-a-virtual-sl-tp-that-converts-to-a-market-order-after-x-pips

@juanjo 3 SL - 1 TP does not work. You need 3 wins for every loss to break even. IMHO.

Good Day,

I am looking to create 2 separate "In Trade" sequences.

1. A virtual trailing stop at X pips that "Close Trade"
2. A virtual TP at X pips that "Close partial"

The purpose is to avoid publishing a SL and TP stop orders.

Any suggestions? Thanks in advance.

It is a way to screw the trader... Implemented by the NFA, a US reglatory agency.

http://fxtrade.oanda.com/help/close-trades-fifo

If you have multiple trades in a single currency, you must close the oldest FIRST. MT4 will not execute a LONG, if shorts are present. You must close the OLDEST first, if closing any trades. You must close them ALL first to move your position in the other direction.

In short FIFO sucks. But, if you want to trade, you must adhere to FIFO. So, If I have 10 trades EUR/USD @ .10 Lot = 1.0 Lot. If I want to close ANY trade, I must close the oldest first.

If I want to close 2,3,5 trades. I need to pick 2 of 10 oldest, close.

Thanks in advance,

I am having a FIFO error also.

I have MT4 adding .1 lot positions Long/Short - Pairs traded... XXX/USD or USD/XXX. No crosses.

When LONG I may have 10 open positions each decending in age from Oldest to Newest. As the trade moves, I would like to

1. For Each Trade (Oldest to Newest) Close the 3 (three) oldest trades.

Once the loop completes, it should pass to CLOSE, as see in the image below.

Here is an image and a result. Your assistance would be appreciated.

Can you assist in helping me understand the settings?

Thanks in advance,

......
fifo.PNG
For Each Trade.PNG

OK... I fixed it using a Constant called ATR_Multiplier = 1.5

Now I can update the formula, update it. Open it again and it maintains both the constant and the variable.

Thanks for all you do.
Thomas

......
Capture.PNG