I tried this approach
https://fxdreema.com/shared/Dgnq3Hpme
I used Check Profit (unrealised) as a means to condition the stop loss modification.
However, it did not work and the stop loss did not get modified.
In the (For Each Trade) Block, is there something needed to be inputted there? Otherwise, the logic of check profit may not be the right solution.
@jstap
Thanks
I was just thinking of Loop Break Block before seeing your post. I will try it with the Activate/Deactivate Blocks. I definitely need to stop the Breakeven Block and Modify stops from operating more than once.
Why did you separate Modify Pinky blocks from Breakeven ones? This will help me understand your approach.
Thanks,
I have made an attempt to trail one trade by locking in profits every number of pips. There is something wrong with the locking in of profits.
I am using a simple EA to trade breakouts.
@jsauter86
I had a chat message from another user who bombarded me with too many questions. My mistake was when I linked your response to his and thought it is the same person. I should have checked first. I just realised this now.
Thank you.
1- For the Group number, I have seen it present in many blocks but could not tell how to assign certain pair(s)/trades to a specific group. i.e How to name them Group 1 or 2. The rest is easy as I can reference the Group number later on.
2- The ATR solution is very smart and simple and as I read it works with any pair (Yen or Gold).
3- By the way, does FX Dreema allow manually changing stop loss from the chart after applying the EA.
For example; I have an EA to only trail the stop loss. The trailing starts without issue once I have a stop loss (manually placed). But If I change the stop loss (dragging it up or down), I am not sure if the EA is reacting to this new level or not.
Cheers,
@jsauter86
It's fine. I edited my previous response.
Regards,
If you do not mind I have two questions and will be great if you direct me to where to look:
1- For manual trading, let's say I already have current open trades on the chart and some pending orders at different levels. I want to trail whatever is on the chart with the same settings.
So I tried the Trailing Block for each trade and connected it to the No Trade/ Pass / Once per tick/ and other Blocks but it did not work.
https://fxdreema.com/shared/rGHEBVR4
2- What is the final verdict with regard to using ATR as a stop loss.
I do not want you to code it but rather direct me (if you are familiar with the topic) to the most recent verdict. It is a complicated and lengthy issue.
For simplicity, the easiest way is to use custom pips (fraction) and choose ATR with candle ID set to 1 so it can be variable from one bar to another. However, there is a problem with JPY pairs. Hence, other FXDreema users suggested using some formulas and showed the steps. But still, I find it bit more complex and there is more than one approach/formula.
Anyway, I was wondering if you happen to know the most recent say with regard to the use of ATR in a simple manner.
Cheers,
Hi,
Thank you for your reply.
I do not have a TP as I am leaving it for the trailing. While I was testing my EA in the strategy tester, some positions should have been trailed in a different way. So I resorted back (temporarily) to the Trailing Stop Block without modifying the stops until I get a cue.
I had a look at the link you provided. It is an interesting approach to using the flags. I will try the concept.
Thanks again.
@jsauter86
On what basis are you assuming I am learning to trade?!!
I am learning to use FX Dreema not how to trade.
I have been trading for more than a decade stocks and forex.
Has anyone used trailing before through FX Dreema?
@jsauter86
The sole purpose of my post is to ask questions with regard to Trailing. Trailing can be used on its own for manual trading or used in any strategy. It is not about discussing a strategy.
Sure
https://fxdreema.com/shared/IqejMZiUc
I think it is right but need to do more testing to activate the trailing above Breakeven by inputting a pip value in the (Trail Stop After Start Trailing) Constant.
Please bear in mind that the reason behind this is to choose at what level the trailing stop should be activated regardless of the stop loss level. Hence I have a block to modify the stop loss.
Another way is to use the "Break Even"Block but I am confused between two inputs: The first is the (On Profit Mode) and the second is BEP offset mode). I find them to have the same output so I am yet trying to understand the difference between them.
@jsauter86
I believe I have got it right this time and will keep testing.
We can use these three blocks.
And the constants look like this:
In Case I want to start the trailing above the Open Price/Break-Even Point, then I will type the appropriate number of pips in the (Trail Stop After Start Trailing) Constant.
I am now working on another scenario. Sometimes, I want to start the trailing below the Open Price/Break Even level. I think if I use (-10) for example the (Trail Stop After Start Trailing) Constant, the trailing should start 10 pips below the Open Price. I am still to find out if this is the case.
I found this link https://fxdreema.com/tutorial/builder/trailing-stop and there is mention of more blocks for Modifying Stop Loss and Pips Away from Stop Loss that are different from the standard Trail Stop Block.
In addition to this, the standard Block for trailing stops should not be connected directly to the Buy/Sell Blocks.
Anyway, I believe the answer is in the (Pips Away from Stop Loss) Block and (Modify Stops) Block.
I will have a thorough reading.
This is one of many combinations I have tried, showing the trailing stop block and constants I used. There are no variables.
The second photo is for the Buy/Sell blocks. I have tried both: No stop loss and no take profit.
Hello,
I spent more than three hours and did all the possible combinations in the Buy/Sell Block and the Trail Trades (Block) including Pips Offset, Trail stop, Trail Step, and changing the trailing for either stop loss or target profits to achieve the following with no luck.
I want to trail the profit (only) regardless of the stop loss position.
An example:
I have a stop loss of 50 pips. I want to trail the profit after the price goes a certain level above the open price, irrespective of the stop loss position.
With all the combinations I have used, including the (Pips Offset), the stop loss distance is always interfering. i.e if the price moves 10 pips above the open price, then the stop loss will move up 10 pips. I do not want that. I just want the stop to be at the breakeven point immediately once the price is 10 Pips plus Open Price. The intial 50 pip stop loss should not take part in any further trailing.
So when I trail the profit by 20 pips and with a strat trailing offset at 10 pips, then as soon as price goes 10 pips plus entry price, price is trailed every 20 pips. The 50 pip stop loss should not be playing any more role.
Is there a way to do it with the standard blocks?
Thanks,
@jsauter86
It helps a lot with changing the stop loss and partial targets when done with lines on the chart.
I am still unable to figure out how to use "Draggable" Horizontal lines for Entry Orders.
Does anyone have an idea or has tried it before?
@jsauter86
Thank you for your reply.
Initially, I wanted to use (Draw Line) but saw that I have to specify where to draw it. But I want to be able to drag the line manually and then the EA recognizes it.
That is why I named it "Line" in the EA and at the same time, I have manually put a Horizontal line on the chart and named it "Line". I also chose (Objects on Chart) and this means it should pick up the name from the Chart. That was my logic.
Not sure how to define the Horizontal Line in the (Draw Line) Block. If I defined it by Candle ID, it will not be draggable. Or If I define it by Market Property, it will still be not draggable. Maybe I can try Objects on Chart again in the Draw Block? I will see.
Hello,
I want the EA to buy or sell only once when the price touches a horizontal line that I named "Line". Initially, I had a string constant called "Line" but then I removed it thinking it is the reason the EA is not working.
Anyway, I am attaching the EA here as I am not sure what is causing it to not work.
https://fxdreema.com/shared/OvVUL4Y2c
In the meantime, I am sharing a simple EA that will instantly execute a buy/sell for only once with trailing features and risk percentage. This one is working fine for me and thought some may need it.
https://fxdreema.com/shared/h1rVdqbge
Thanks,