Add SL, TP, TSL to new Signal Order

[raveon]

I have looked through the site but my skills are sadly not up to the task. Can I create an EA or script that would detect a new trade on the chart and apply MY SL, TP and TSL settings to each new trade? Or in the case of a script, I could drag the script onto the chart (that may have many trades in play).

And if I were to add my own STOP and LIMIT orders it would automatically add the SL, TP and TSL also?

I don't mind paying for somebody to help me with this as I would also like to add some Money Management later.

I prefer to do this in fxDreema as I can add items myself easier and also learn from the code.

Thanks

[isp00rt]

Did you look at the 'Tutorials' section? I'm pretty sure you should find there what you're looking for.

[rafaelgrecco]

Try this:

https://fxdreema.com/shared/LaDqIKdAc

I used "On Trade" tab, which means it will run when a trade is created.

Then I used a "Trade Created" block selecting "All trades (manually and automated)" as "Group".

After that, I used "For each trade" - "Not more than 1 trade" to select only the newest trade created. I also selected "All trades (manually and automated)" as "Group".

And finally used a block "Modify Stops".

[raveon]

Thank you Rafael... that was just what I needed. Very kind of you to take the time. I have read through the Tutorials many times but this just never clicked with me. Are you interested in helping me here and there for an hourly fee?

I noticed your Signal at MQL5. I will be subscribing as it is performing well and with small lot size also.

I do see you trade manually.... is the EA time spent in fxDreema going to be used for some automation Signals down the road?

Thank you again.

[fxDreema]

You can also set this to 0 and not touch any Group settings:

[miro1360]

0 is only for manually opened trades ...

[rafaelgrecco]

@raveon Hi raveon

You are welcome.

I have always traded manually. I started to use FxDreema to automate my manual strategy but it doesn't work like that... manual trading needs something a EA can't replicate.

So instead of trying to automate my manual strategy, I am currently developing a EA that can do what a human could never manually do. It's a very complex EA, if you are curious about it, I can post a link to a discussion on MQL5 forums where I explain how it works. It's almost ready, soon I'll put it on a demo account and then on live account.

I learned that manual trading and automated trading are completely different. Each one has it's own advantages and disadvantages and we must learn what those are.

About the Signal... I decided to create it because I've seen some signals with a lot of subscribers. If I keep doing what I've been doing for years now (trading), I hope my signal will get some attention and maybe I can get an extra income from subscriptions

[raveon]

Yes, that link would be great Rafael.

I think a Signal Service is brilliant. For one it is the real deal... a trader makes money with a reasonable drawdown or he doesn't.

99% of everything out there is speculation, talking about a trade AFTER the fact or talking about trades from a theoretical perspective. Putting your Signal on the line is where the rubber meets the road.

I subscribe to a few... one paid the others free just to really see what these traders are doing. Most that make money do use either hedging, grids or martingale or some combination of these things so they take a higher than normal risk.

But they make money (some do) and they get lots of subscribers.

What a perfect way to make money. 500 subscribers paying $30 each pm for you to do what you would do anyway. More capital for trading as well.

Once you have a reliable system it is all about capital.

Look forward to talking to you more in the future.

[rafaelgrecco]

Raveon,

Here it is: https://www.mql5.com/en/forum/227775/page13

This discussion was actually created by someone else that was discussing Hedge. I jumped in at page 13 because I was working on something similar. It's a long read... and the last post is a couple months old already, so it's not up to date.

I also think Signals are a great idea! Those that cannot trade can subscribe to those who can. And good traders can have a HUGE extra income. About a year ago a signal reached 1800 subscribers, at the time the price was 20USD. Can you imagine that? That's almost 30.000 USD a month after MQL5 comission. Eventually the signal died because the trader messed up.

We could keep contact through MQL5 if you are interested in exchaning some ideas.

Best regards.