Posts made by trader.philipps

@weius said in pls help,...break even....trailing stop:

pls can someone show me, how i can do this....
i want my SL to move to whr i bought or sold immediately price moves in my direction.
i dont know how to do it in breakeven or trailing stop.
thanks

Break Even is a one time move when you set your SL at entry or slightly above (to cover trading costs). Trailing is a permanent adjustment of SL based on the price movement and some parameters, See definition here https://www.babypips.com/forexpedia/trailing-stop

So in order to help you, you might specify what exactly you want to achieve. Also keep in mind that forex market usually move in waves. If you set trailing parameter too close, you might get stopped out earlier than you want to, which is a usual beginner's mistake.

Best approach is to have confident in your trading strategy and use trailing in particular as an emergency exit if market conditions totally change.

@brianharig Check my recent post. There is a project and an mq4 file you might take a look at.
https://fxdreema.com/forum/topic/8618/tutorial-expert-advisor-with-some-recent-issues-solved/14

Here is a simplified version of the Tutorial EA V1.02 without any custom indicators (just built-in)! It's a MA / Stochastics strategy AND only for demonstration. I don't recommand to trade it on real account.

0_1582075070641_Tutorial-EA_V1.02_EMA-STO-Sample.mq4

Project Link

If you want to use it as a template, adjust the following parts to your needs:

Further explanation I will give on request.

@jzfusion You can switch on virtual stops in project options.

@jzfusion Hm .. strange. I never saw that in my environments. Does the Journal say anything?

@jzfusion which Version did you load? If the TMA example you have to import the custom indicators to a sub folder as described in the tutorial.
For the icefx version you have to import the indicator as well. That task is very tricky as indicators parameters and buffers have to be created in the right order.
did you get any errors in the log files?

@pan4pips You can loop through chart objects. But you need to find a way to identify the relevant information.

@l-andorrà If you just switch it on, you see just horizontal lines drawn to the chart where your SL or TP would be. Therefore if someone uses the hidden SL/TP I strongly recommand to also enable the emergency stop feature that allows to set eg. SL a bit higher/lower than the one the EA uses in case that connection is lost or MT platform freezes or so.
Btw. I use that feature in the Tutorial EA.

@jzfusion Well, my aim is to have a template for creation of EAs with all the stuff that is usefull and one only needs to set entry and exit conditions (if other than SL/TP or trailing).
The one thing missing is a low footprint news filter I think. Once that template exists, of course we may talk about the specific parts if someone is interested in or just simply use it.
A template might look like this ..

.. where (1) you'd put your entry conditions and if applicable on (2) place your exit conditions. All other fratures are still in place and usable if switched on in parameter settings.

@vish What is the purpose of having more than one magic number? AFAIK if you use groups in all relevant blocks it generates new magic numbers per group.

@roar Well, the downside about recovery zone is that you need to increase volume and hence sometimes equity is exhausted.

In my tutorial EA I tried to implement the icefx NewsInfo indicator. Somehow it from time to time diables Live Trading even if in settings it's configured not to do so. Hence I must admit that the newsinfo indicator is unfortunately not reliable for fxdreema use.
Furthermore I contacted darkmoonfx (former icefx) in order to ask how back-testing with that EA should work. I recently received the answer that the only remaining news profider (forex factory) doesn't offer the required data for bt and hence all efforts to make it run in bt was for nothing

All in all it's a very disappointing result.

So I kept on searching for more reliable news filters that might work with fxdreema EAs. So far I only found FFCal based indicators such as FFC or FFCal itself.
On latest FFCal versions I was facing strange time values sometimes even negative ones so I believe there might be an issue in times calculations. Btw. the new forexfactory url for weekly calendar is http://cdn-nfs.faireconomy.media/ff_calendar_thisweek.xml

0_1581957256357_ffcal_net.mq4

0_1581957270355_FFC.mq4

FFC seems to count the minutes right, but it doesn't offer the minutes after news options.

So what I'm seeking for now is some help to figure out a constellation that works well on live trade (not BT) with any news indicator. As BT is not possible, it is a bit time consuming to test development.
So, has anyone already some experience in news integration or is willing to help a bit on that topic?
There might be a way in tweaking the xml file in order to produce some dummy news events, but I haven't dig deeper into this.

Btw. here is the actual project of Tutorial EA V1.03 with icefx NewsInfo included.
0_1581957668065_Tutorial-EA_V1.03.mq4
https://fxdreema.com/shared/XpmPAFtK

@roar Just for my interest, why do you multiply the function result times 1?

@roar Well that depends on the pattern to trade. If there's a flag or trend channel and you try to catch the breakout, you would take into account some small losses and count for the big brekout. But knowing that consolidation usually will have 5-7 waves, you might be right with your assumption.

@yazar-ilyas Could you explain your question a bit?

@luckybest Go to options -> Project options and activate virtual stops there.

@l-andorrà Well here I use it to get the right pip multiplicator. Hence that formular works on 2, 3 or 5 digits symbols as well.

@thefaunt In the shared project there is no sell path, right? So I guess there is some issues caused by copying blocks maybe.

@jzfusion Check symbol's specification for minimum lot size and lot step. Looks like it's 1 lot and hence cannot be closed below.

@jzfusion Sure, just create a constant and instead of value 5 I set in the conditions block, rihjt click on that input field and choose your constant.