Posts made by tradingforward23

@l-andorrà Hi there! I went back and calculate the positions to replicate what I wanted this EA to do on live markets. I ended up scraping this idea because of the risk it can inflict on my account. I am working on optimizing my current EAs to see how can I maximize profit and reducing the frequency of early stoppages. Thanks by the way!

Hi everyone! I was away for quite sometime due to other obligations outside trading.

I am working on using the 40% level of retracement of Fib as my TP level and close all trades. I am not quite sure how to do it. May I ask for your ideas on this matter?
Thanks in advance!

@CAVINCENT Hi there! I got busy with other stuff I wasn't able to reply right away. I discovered a way to make it work. I utilized the on Trade tab and set the conditions and executions there. Thanks by the way

@CAVINCENT Hi thanks for your suggestion! I would like to add that since I am using the closing price of the candle at 2:00 server time as my anchor, the desired pips away from closing price is let's say 500 units / pips before I want my EA to execute the buy / sell now block. This is where it gets tricky, at least for me as I tried to add buy / sell now block and execute it at a certain distance from my initial position.

The reason why I use the closing price on 2:00 server time is because I already have a position there and I would just want to add another position after the market moved away with a certain distance.

Hi everyone! I'm tweaking some part of my EA and I'm working with predetermining a certain price level to execute the Buy Now / Sell Now block. The thing is, I use the once a day block to ensure that my EA don't overtrade on any given day and I wanted to use the candle close on 2:00 server time as my anchor price so that when price moves a certain pips away from the closing price on 2:00, my EA will start to execute the Buy Now / Sell Now block.

Reason as to why I prefer to use Buy Now / Sell Now block is due to some instances where price didn't trigger one of my pending order using a pending order block and I end up losing way more than what I allow.

Thank you in advance!

@jstap Thanks man! I appreciate it. It worked!

In response to my previous message, I was confused, I thought that I managed to effectively use the "close position" block to close all opened position after TP or BE is hit. I was wrong. Here's a link to my project: https://fxdreema.com/shared/pydIRQVRb

Kindly check the "on Tick" tab and "on Trade" tab and please let me know what can I do to effectively use the "close position" block.

Any suggestion is welcome

Thank you to all who respond to my question. I have found a way to close the positions once my breakeven or take profit is hit

@jstap By utilizing this, should I migrate my blocks inside "on Tick" to "on Trade" or the specific blocks inside "on Trade" would work seamlessly with my blocks created inside "on Tick"?

@biztet I haven't touched that part of creating a group. How to create a group? Is it "create area" and assigning a group #?

@jstap Thanks! Another thing that I forgot to mention is my initial position's stop loss is automatically adjusted to a few pips (in profit) away from its open price using the BE block. I, however kind of confused as the BE block identifies all the open position and apply my BE rule to all position even those that are intended to be closed once TP or SL (Break even) got tagged.

Hi everyone! I would like to ask how to close all running positions and pending orders if the initial position was closed (hitting TP or hitting BE) I can't seem to find a way to make this work.

Your suggestion is greatly appreciated

@Duelistking For the mean time, I don't use condition blocks. In my EA, I managed to tweak the settings of the trailing stop to what price level it will start, as well as the steps and the distance of stop loss to the price level. Breakeven block works immediately as soon as price reaches my desired profit.

If your concern is if I got an answer to my question, yes indeed. And it is more rewarding as I discovered it myself and the learning I gain still continue to grow

Thank you!

@jstap This could definitely help me. Thanks! I will try to experiment on this. Last night I was not happy with how optimization works on MT5. The optimization is tailored to work based on historical prices which is definitely irrelevant when using the EA on live markets where past performance don't guarantee future results.

@Duelistking I am using these two based on my strategy. This works perfectly fine for me and in most cases, helps me manage risk better than just using one of the two.

@jstap I forgot to mention how I want to feed the data into my EA. Pardon me

Here's how I want to do it:

I back tested starting from July of 2018 to July of 2019 and in my Journal, I already gathered the dates and time wherein I want my EA to execute the trades. It is tedious to do this manually and repeat the process all over again if I didn't like the result (In the process of optimizing).

I want to take advantage of the optimization option in MT5 wherein it tests different sets of combination. That is why I am looking for a way to feed the entire data (The Date and Time I want to my EA to trade) from my journal onto my EA.

Thank you in advance!

@Tehern Hello there. Kindly refer to this link: https://fxdreema.com/shared/AKZsIkUnb

Considering you already finished half of your system (Part of the EA where trade is being executed automatically), this is how you construct Break Even block and Trailing Stop block to make it work hand-in-hand.

I hope this helps!

@Tehern Hi Buddy! I will try to provide an answer to your question once I get home. Thank you for waiting

Hi! I'm trying to optimize my EA with the use of MT5 optimization. I do have the dates and the time to each day to when I want my EA to trade. My question is, how can I possibly feed my EA with the data of the time and date I want my EA to trade on? Thank you in advance!

@jstap Thank you so much!