Simply put...you cannot apply a sliding scale (this is what a percent does) to the same progression over and over again , trade by trade...as you progressivley set the goal harder and harder and harder with increasing exposure values, in other words without increasing leverage or progression.

Spoonfeed:

1 instrument
initial:1K
$25.00 TP (Double this when you reach 2k...not before!)
$500.00 SL (you need room to run...this is a hedge of long and short...do not forget, pyramiding is your salvation) (Double this when you reach 2k, not before!)


USD/JPY : NextTrade=16
Start 0.01 (Double this when you reach 2k, not before)
increment 0.01 (Double this when your reach 2K, not before!)
CloseAllMax "false"
TF:5

ES

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LCFX,

did the red text help?

ES

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LCFX,

Print out what I wrote in the long post...you need to learn this...it's easier if you keep a three-ring binder for review of hard copies.

Seriously...I do it all the time...I might even print out some of your posts too!

ES

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LCFX,

my humble apologies...I did not realize this was your baby.

You and wolfe have a brilliant idea here...(there is just a little flaw in some logic...I am still testing and maybe I can find some more...but I have trouble to explain things if you have not noticed)

I am really, really embarrassed....

Am I understanding your EA theory correctley?

ES

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ES,

Here's the system in a nut shell.

Hi wolfe,

Do you happen to have an EA that would do the following that you could share?

-User decides initial trade direction (let's say long) and starting lot size (say .1 lot)
-New position would be added every time the market moves x pips (say 10 pips) up or down away from the most recent position taken. If market moves up from the original position 10 pips a new long is added. If the market moves down 10 pips from the last position a short is added (basically following the market looking to catch a trend in either direction).
-Each new position size increased by x (ex: .1 lot)
-Take profit based on account %
-Stop loss based on account %
-Max number of standard lots before EA can't taken any new positions (at this point the T/P or S/L will need to be hit when max is reached)
-Re-enter mode would start a new progression again once the prior progression has ended do to T/P or S/L being hit
-Magic number to run on multiple pairs

If you don't have this, could you please code it so we could test it? I would very much appreciate it.

Thanks,
LCFX

It seems like wolfe is doing a great job...but I just got a ping error and the EA does not retry the entry...I think the progression is ended because of that...there may be a way for stability to be improved..

ES

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I tried to code the way you explained. Not sure where the problem is yet. Maybe slippage? Maybe the time it takes to close all orders coupled with a fast moving market? Maybe my code! I'm no expert coder, that's why I am doing this for free. I am enjoying this project and am learning a lot from everyone's input.

You do need to enter your TP_Percent and SL_Percent as whole numbers. Example if you want 1% enter 1, not 0.01. The code changes to a decimal later.

Take_Profit=TP_Percent*0.01;
Stop_Loss=SL_Percent*0.01;

A new version will be posted later tonight.

After the initial strategy is coded, will have to analyze all the code for any potential bugs, to make it "order reliable". I know as it stands now, the code seems to have some "hiccups" every once in a while.

Going to go over what I've done to v1_2 now. Will post later tonight.

Here is v1_2.

Changes made in v1_2:

1. You need to save TFX_Include_v1_2 in your include folder. There is additional code in this file NOT in original file.

2. Close_By_Percent external variable.

-If true EA will close based on percentage of account BALANCE

-If false EA will close based on Close_By_Profit (enter a $ amount), or close by Close_By_Loss (enter a -$ amount)

3. Use_Manual_Entry external variable.

-If true you must enter Manuel_Long & Manuel_Short price you want EA to start cycle. (current price must be between Manuel_Long & Manuel_Short to execute properly)

-Manuel_Long & Manuel_Short are external variables to enter your "breakout" prices used to trigger the start of a cycle.

-Once a cycle is complete an alert will pop up notifying that you need to RESET EA and RESET MANUEL_LONG AND MANUEL SHORT.

-If Use_Manual_Entry is false EA will use the moving average to decide direction and start a cycle. Once a cycle is complete EA will immediately start a new cycle.

PLEASE take some time to read all external variable comments in the code.

Hope this works well for all.

Attached Files

	TFX_Include_v1_2.mqh (2.5 KB, 92 views)
	TFX v1_2.mq4 (11.2 KB, 104 views)

I re-posted v1_2 in previous post with a slight code change.

The problem was that if Use_Manual_Entry was set to false you would still get a pop-up alert stating that trade was disabled. The problem should be fixed now.