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

LCFX,

did the red text help?

ES

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

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

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

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, 123 views)
	TFX v1_2.mq4 (11.2 KB, 142 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.