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  #61 (permalink)  
Old 05-24-2007, 07:58 AM
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Thanks FurruFx, the new version is brillant.

I observe the trade for a while,
JPY at highlevel and EUR at low level for sometime.
The EA trigger the first order sell EURJPY , it reach the TP and close the trade,
The currency strength level remain unchange, the EA trigger another trade immediately another SELL order EURJPY with a lower TP. This move made the first close order TP meaningless but lossing spread.

Let's think about the exit criteria, so that the EA will not jump into another trade in the same direction immediately.
e.g.
price >= TP AND
!(JPY >= Highlevel-0.5 AND EUR <= Lowlevel+0.5)

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  #62 (permalink)  
Old 05-24-2007, 08:25 AM
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When the EA load up, it trigger order because of the currency index doesn't load up yet, I added somthing like this to avoid wild fire!

EUR_USD == true && eur >= HighLevel_EURUSD && usd <= LowLevel_EURUSD && eur > 0 && usd > 0
Attached Files
File Type: mq4 !xMeter_MultiPairs_Trader.mq4 (37.5 KB, 299 views)
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  #63 (permalink)  
Old 05-24-2007, 08:29 AM
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Quote:
Originally Posted by goldenchau
The currency strength level remain unchange, the EA trigger another trade immediately another SELL order EURJPY with a lower TP. This move made the first close order TP meaningless but lossing spread.

Let's think about the exit criteria, so that the EA will not jump into another trade in the same direction immediately.
e.g.
price >= TP AND
!(JPY >= Highlevel-0.5 AND EUR <= Lowlevel+0.5)

In case of a strong trend, the better choice is to re-enter. If the Meter shows the same high and low when close, why not re-enter because of the trend?
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  #64 (permalink)  
Old 05-24-2007, 08:39 AM
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Quote:
Originally Posted by FerruFx
In case of a strong trend, the better choice is to re-enter. If the Meter shows the same high and low when close, why not re-enter because of the trend?
I just think to keep the first order open instead of open another one save spread. In additional, the chance for the second order SL will be very high because the trend will change finally.

my idea is instead of close the order at TP, why not earn few pips if the trend is still strong, and secure profit at TP level.
Keep the order open when >= TP and Trend Strong
(and other Order will not trigger immediately)

Exit when > TP and Trend is less strong
(Secure profit at TP)
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  #65 (permalink)  
Old 05-24-2007, 08:42 AM
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Quote:
Originally Posted by goldenchau
I just think to keep the first order open instead of open another one save spread. In additional, the chance for the second order SL will be very high because the trend will change finally.

my idea is instead of close the order at TP, why not earn few pips if the trend is still strong, and secure profit at TP level.
Keep the order open when >= TP and Trend Strong
(and other Order will not trigger immediately)

Exit when > TP and Trend is less strong
(Secure profit at TP)
Yes like this i understand. I have to thinking if my coding skills allow me to do this!
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  #66 (permalink)  
Old 05-24-2007, 08:46 AM
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Quote:
Originally Posted by FerruFx
Yes like this i understand. I have to thinking if my coding skills allow me to do this!
Hehe, Yea, it is difficult for newbie like me too,
the logic need to review and modify the order TP according to Trend. Hope some expert in this forum can help.
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  #67 (permalink)  
Old 05-24-2007, 09:11 AM
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Quote:
Originally Posted by goldenchau
When the EA load up, it trigger order because of the currency index doesn't load up yet, I added somthing like this to avoid wild fire!

EUR_USD == true && eur >= HighLevel_EURUSD && usd <= LowLevel_EURUSD && eur > 0 && usd > 0
Thanks!

I updated my post #59 with this version

FerruFx
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  #68 (permalink)  
Old 05-24-2007, 10:02 AM
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Quote:
Originally Posted by FerruFx
Yes like this i understand. I have to thinking if my coding skills allow me to do this!
I gave it a try,

function ManageOpenOrder is added.

TP in Original Order * 100 (Put high TP in original order)

*I change the TakeProfit_EURJPY = 2.0 for testing (Please change it back to value for your favour)
Attached Files
File Type: mq4 !xMeter_MultiPairs_Trader.mq4 (41.1 KB, 266 views)

Last edited by goldenchau; 05-24-2007 at 10:32 AM.
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  #69 (permalink)  
Old 05-24-2007, 10:19 AM
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why error opening sell order 4106
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  #70 (permalink)  
Old 05-24-2007, 10:45 AM
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Quote:
Originally Posted by appk
why error opening sell order 4106
4106 Unknown symbol.

Check if all the pairs you put to "true" are available in your trade platform.

FerruFx
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