Posts made by tradingforward23

@jstap Thank you for taking time to read my question. Could you help me identify which pink block could reinitiate the operation of the Break Even blocks? Thank you!

Hi everyone, good day! I just want to ask why can't two Break Even blocks work together?

I am trying to experiment with implementing two order blocks such that when price moves a certain pip of lets say 500 units, the first BE block will adjust the stop loss to the open price and when the price moves 1000 units away from open price, the stop loss will then be readjusted to 250 units in profit away from open price.

I don't know how to make this work as I have tried multiple combinations.

Your suggestion is greatly appreciated!

@l-andorrà I suppose selecting the last ping of my server can work as close to the live market in terms of trade execution speed and lag.

@l-andorrà Here's an update of what I found out with Expiration Mode on Buy now and Sell now blocks:

I explored the Expiration Option in the Buy now and Sell now block and here's what I did to make it work:

1.) Set the Expiration mode to Custom
2.) Under the Custom Expiration, choose "Value" and under it, choose "Time"
3.) For Time Mode, select "Time Stamp"
4.) For Time Stamp, input your desired time to close the trade
5.) Shift in time, select "Shift Forward"
6.) Depends on you, as for me, I put "1" in the Shift Days to indicate that I want to close the position next day at my predetermined time.
7.) I select "No" for Skip Weekdays for now until I notice something that needs to be adjusted.

Positive effect upon implementing this:

It did not interfere with any of my EA's operation especially with executing trades daily at specific time and the closing of trades doesn't need to be adjusted daily and manually which can be a hassle for some traders.

Still, thank you for your suggestion! I appreciate you taking time to help me and giving me great ideas that I can work with in the future.

@l-andorrà Thank you so much for your reply!

Additional question: is there a way that trades can be managed and closed at next day's 23:30 server time without much human intervention? I mean, there were days that took longer to close (in profit or loss) and swaps can eat up some of the profits that is why I try to limit the swap to only 1 day max. Plus the fact that in my time zone, 23:30 server time is midnight here and I am currently sleeping. I might miss the time to close the trade if I were to do it manually that to systematically implement it on my EA.

I will implement your suggestion and I will observe if this will affect the placement of future trades.

Again, thank you so much for your reply and suggestion. It is greatly appreciated!

Hi! I would like to ask how can I automatically close trades at specific day and time?

Example: I will trade on August 19, 2024 at 15:45 server time and I would like to close it at August 20, 2024 at 23:30 server time.

What blocks do I need to use, and what should be its connectivity to other blocks?

I can't seem to find a way how to make the expiration option work in the buy now and sell now blocks.

Thank you in advance!

Hi! I am back testing my EA and I wonder how can I replicate the slippage that is happening on live markets so that I can have a more realistic back testing result? Thank you in advance!

@DragonZueloTrends I may try to configure my EA in such a way that it identifies when will be the news release and what time it should trader after. Although I have no problem with manually disabling my EA and enabling it once the news has been released. I view this process as a "small price to pay" as I still need to be involved in trading despite having an EA. My main motivation for creating an EA is to aid me in placing trades which otherwise would take longer if I do it manually.

@DragonZueloTrends This is much appreciated. Thank you so much!

@jstap Thanks man! I suppose slippage is inherent in trading especially when trading around major news events.

Hi Everyone! I don't know if this question is in the right category but since I would like to ask a question that is why I decided to input this question here.

My question for traders who happens to be like me, trading the market during high volatility, how do you manage, reduce, and possibly eliminate slippage? Is the use of VPS enough or it could be something else? I read somewhere online that it is best to trade 15 mins after the major news event but my mind is still thinking and wondering if there's another way?

This might seems like a wishful thinking, but there's got to be a way to manage slippage whilst taking advantage of the high volatility that is happening in the market at that particular day and time.

Your insight is greatly appreciated!

Problem solved. The Check Profit (last closed) block should be connected to the yellow output under the Once a day block for the operation to work properly.

Hello everyone! I have a concern regarding the use of Check Profit (last closed) block. I noticed that, yes it effectively activates the close position and delete pending order blocks that I connect to it, however, when the next trading day comes, the supposed position are then opened and closed immediately. The day that follows it, the EA then executes the operation correctly.

It goes something like this:

Day 1 - EA operation correct
Day 2 - EA operation incorrect (opening and closing of positions immediately)
Day 3 - EA operation correct

For context, everyday (or days when the EA will be used) the EA must open position on a specified time. When a certain position is closed (in profit) the other position/s will also close (regardless if its in profit or loss) that is why I integrate the close position block and delete pending order block to the Check profit (last closed).

What could be the problem and how can I fix this? Thanks a lot!

@Ssenyongacharl4 Hey there! You got to use both the breakeven block and trailing stop block. Both are connected at a block under the "Check positions & Order counts"

For me, I started with the "No Position" Block then the Orange output is connected to both Breakeven block and Trailing stop block.

I hope this helps.

Update: I managed to combine the break even block and trailing stop block and got my desired results

Hey there! I would like to ask for help or an idea on how can I start trailing my stop loss at a specific level in the money (in profit). I am opening buy and sell trade simultaneously with each having its predetermined stop loss and take profit. One of this position will end up losing while the other will remain in profit until the price either go straight to take profit or reverse back to my stop loss. What I do want to happen is I want my trailing stop loss to start at a specific price level in the profit.

Example: price is 400 units away from opening price, triggering either buy or sell stop loss, leaving the other position in profit. I want the trailing stop loss to start 200 units away from opening price of the winning position, securing a 200 units of profit.

I had tried different combinations with the trailing stop block but I can't seem to get my desired result.

Any suggestion is greatly appreciated. Thank you!

@biztet Hello there! I managed to make the EA work. I instead use trailing stops and predetermined the steps needed to achieve my desired outcome. Thanks for the time replying to my question

@biztet Hi there! I've been experimenting with different blocks and I came across the modify stops block. The thing is, I have a set of conditions for buy now and sell now blocks that if that certain condition is met, the modify stops block will perform its operation. However, one of the buy now and sell now blocks stop working and the problem with the stop loss not adjusting still persists

I do have a buy and sell position open simultaneously with each having its respective stop loss and take profit. My concern is I want to modify the stop loss of the winning position after the losing position closed due to its stop loss being tagged. I can't seem to find the right blocks to use, the sequence of blocks to connect to each other.