ManualTrader EA

dear Igor,

should I go with vps to running this EA?

Hi sukarno,

As I understand - this is Manual Trader Ea - it means that you or some other EA should open the trades, and this Manual Trader EA will manage the trades.

Originally Posted by newdigital

Hi sukarno,

As I understand - this is Manual Trader Ea - it means that you or some other EA should open the trades, and this Manual Trader EA will manage the trades.

big thanks! newdigital,

just wonder, as shown on front page there was set file for EU 15m, is there any set file for other's???

I do not have for other timeframes sorry.

@igorad TP is setup for 5 digits ?

Originally Posted by Thrall

@igorad TP is setup for 5 digits ?

Hi Thrall,

Usually I use 4 digits for SL/TP and Breakeven in my EAs.

Regards,
Igor

Hi igorad,
if I go with TrailingMode == 1 there is no stoplose for an order.
I think there is a bug in the ManualTrader code. Look at it below.

Code:

if(TrailingMode > 0)
			   {
			      if(TrailingMode == 1 && TrailStop  > 0) SellStop = NormalizeDouble(_Ask + TrailStop*_point,Digits);   
			      if(TrailingMode == 2 && dntrend[0] > 0 && dntrend[0] != EMPTY_VALUE) SellStop = NormalizeDouble(dntrend[0] + TrailStop*_point,Digits);
			   
            if(SellStop <= NormalizeDouble(OrderStopLoss() - TrailStopStep *_point,Digits)) SellStop = SellStop; else SellStop = OrderStopLoss();
            }            
            
            if(SellStop <= 0) continue;

With the red code, the stoplose will never be hit, because it always stays the TrailStop points over the price.
The same with buy orders.

Originally Posted by Gods_Clown

Hi igorad,
if I go with TrailingMode == 1 there is no stoplose for an order.
I think there is a bug in the ManualTrader code. Look at it below.

Code:

if(TrailingMode > 0)
			   {
			      if(TrailingMode == 1 && TrailStop  > 0) SellStop = NormalizeDouble(_Ask + TrailStop*_point,Digits);   
			      if(TrailingMode == 2 && dntrend[0] > 0 && dntrend[0] != EMPTY_VALUE) SellStop = NormalizeDouble(dntrend[0] + TrailStop*_point,Digits);
			   
            if(SellStop <= NormalizeDouble(OrderStopLoss() - TrailStopStep *_point,Digits)) SellStop = SellStop; else SellStop = OrderStopLoss();
            }            
            
            if(SellStop <= 0) continue;

With the red code, the stoplose will never be hit, because it always stays the TrailStop points over the price.
The same with buy orders.

Hi Gods_Clown,

There is no any bug because it will work if TrailingMode = 1 and TrailStop > 0(eg. TrailStop = 15). At the attached screenshot you can see all trades were closed by the trailing stop in profit.

Attachment 13711

Regards,
Igor

My thanks to igorad for this great tool.

I would like to put an request out there. I m not sure why this feature can t be found in any of the trade managment tools, but it would help greatly to those of us who stack trades (add to the wining positions).

I would call this a group (stack,basket) SL feature. Basicaly, one defines SL in pips like one normaly does, let s say 30 pips. This 30 pips would be the risk regardles of how many positions i choose to open. For example i open short with 30 pips sl and
the price moves 10 pips in my direction. Than i open a second position, but the price moves back above my first trade. After it reaches 10 pips above my first trade i close BOTH positions (-10 and -20). Meaning....30 PIPS SL. To this manualy is a hastle, specialy with adding 3-4 positions. The feature should be instrument bound, meaning, one should be able to group SL per individual pair.
Stacking (adding) helps with R:R tremendously. If one is correct and ads positions to the wining trade, the R:R can grow to as much as 1:10-1:15. But if one is wrong, all it looses is his original risk.

Igorad, please think about adding this feature.

Hi Igorad,
Thank you for your reply. I found out, that the trailingstop is working for buy orders just fine, but not for sell orders. There is no trailingstop set buy the EA.

Code:

if(SellStop <= NormalizeDouble(OrderStopLoss() - TrailStopStep *_point,Digits)) SellStop = SellStop; else SellStop = OrderStopLoss();

Only if I delete this line from the code, there will be a trailingstop.
If I understand it correctly and with the settings of TrailingMode = 1, TrailStop > 0(eg. TrailStop = 15) and TrailStopStep = 0, it should be this:

Code:

//Example
if(SellStop <= NormalizeDouble(OrderStopLoss() - TrailStopStep *_point,Digits)) SellStop = SellStop; else SellStop = OrderStopLoss();
if(1,11696  <= NormalizeDouble(0               -  0            *_point,Digits)) SellStop = SellStop; else SellStop = OrderStopLoss();

The result is always SellStop = 0. So we don't get a trailingstop.
Please correct me if I'm wrong.