//+------------------------------------------------------------------+ //| Trade_Manager_EA_wTrail.mq4 | //| | //+------------------------------------------------------------------+ #property copyright "Financial Freedom With FX" #property link "none" //////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// //NOTE: 1ST YOU PLACE YOUR ORDER... THEN YOU SET THIS EA TO MANAGE THAT ORDER... THIS EA WILL ONLY MANAGE (1) PAIR AT A TIME // //////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// //============================= TAKE PROFIT LEVELS (Set on "Inputs" tab once EA is attached to chart)========================== extern string PreSet_Name = "Trade_Manager_Trail"; // Text name assigned to THIS expert. This is used to differentiate between EAs which might be managing two DIFFERENT trades on the SAME pair. //============================= TAKE PROFIT LEVELS (Set on "Inputs" tab once EA is attached to chart)========================== extern int First_TP_Target = 30; // First take profit target ("Sell X lots when X pips in profit is reached) extern int TP_Target_Increment = 50; // Once the "First Target" profit level is reached, the next X lots will be sold in increments specified here. extern double Close_Lots = 0.1; // Number of lots you want to take out when each profit target is reached. ///////////////////////////////////////////// TAKE PROFIT EXAMPLE //////////////////////////////////////////////////////// // EXAMPLE: Initial Order = 2 lots. // // When profit is +20 pips (First Target = 20) = sell .5 lots (Close Lots) // // When profit is +40 pips (Target Increment = 20) = sell .5 lots (Close Lots) // // When profit is +60 pips (Target Increment = 20) = sell .5 lots (Close Lots) // // When profit is +80 pips (Target Increment = 20) = sell .5 lots (Close Lots) - Final lot sold and trade is done // ////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// extern bool Use_Max_Loss = true; // Set to "true" to use a Stop Loss. "False" if you don't want to use a "Stop Loss" // NOTE: SETTING A STOP LOSS HERE HIDES IT FROM YOUR BROKER, SO THEY CAN'T STOP-HUNT!!! extern int Max_Loss = 50; // Your stop loss setting. If "Use Max Loss" is set to "false", this value is irrelevant //================================ STOP LOSS (Set on "Inputs" tab once EA is attached to chart)================================ extern bool Move_Stops = true; // If "true"... EA will move stop loss according to your settings. If "false"... Take profits will work but it will NOT move S/L levels extern int First_Stop_Target = 50; // When profit level reaches X (THIS SETTING) pips, move the stop loss to... (see next line) extern int First_Stop = 1; // When trade is X pips in profit (set in "First Stop Target", move S/L to X pips from ENTRY (Can be postive or negative) extern int Second_Stop_Target = 80; // Same as "First stop target"... extern int Second_Stop = 30; // Same as "First stop"... extern int Third_Stop_Target = 100; // Same as "First stop target"... extern int Third_Stop = 50; // Same as "First stop"... // NOTE: You do not have to use all three Stop_Targets. You can just set to "0" those you do not wish to use. ///////////////////////////////////////////// STOP-LOSS MANAGEMENT /////////////////////////////////////////////////////// // Original Stop Loss (S/L) set to 25 (Max Loss = 25) // // When profit is +20 pips (First Stop Target = 20) = move S/L to 10 pips BELLOW ENTRY (First stop = (-10)) // // When profit is +35 pips (Second Stop Target = 35) = move S/L to 10 pips ABOVE ENTRY (Second stop = ( 10)) // // When profit is +50 pips (Third Stop Target = 50) = move S/L to 30 pips ABOVE ENTRY (Third stop = ( 30)) // ////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// extern int Trail_Stop_By = 0; // Once THIRD STOP LEVEL is reached (trade is + X pips and stop loss moved)... Trail from STOP LOSS level by pips set here // Example: 3rd stop Target reached at +50 and S/L moved to +30. // A trail of 30 will kick in when trade is at +60 (Currently at +50 & S/L of +30 = (trail) 20. // At +60 & S/L at +30 = 30 and trail starts from there extern bool Alert_Sound = true; // If "true" - Alarm sounds at Take Profit levels and when Stop Loss is hit extern bool Alert_Email = false; // If "true" - Sends e-mail alert extern int Magic_Number = 0; // Used to manage multiple trades on same pair... REQUIRES A SCRIPT FOR INITIAL ORDER ENTRY... Leave this at "0" //=============== VARS internal int nextTP; int sl; int range = 5; int multiplier; int Trail_Stop; int Trail_Trigger; int temp; string trailon; //string version="MTP 1.5 8-28-07 "; //---Displays "Version" information on top line of actual chart display // OrderType == 1 is OP_SELL //=============== FUNCTION init int init() { if(First_Stop==0 && First_Stop_Target !=0) First_Stop=1; if(Max_Loss < 0) Max_Loss=(-1*Max_Loss); if(Trail_Stop_By < 0) Trail_Stop_By = -1*Trail_Stop_By; sl = -1*Max_Loss; nextTP = First_TP_Target; Trail_Stop = sl; trailon = "Off "; getMaxLoss(); //================================================== ???? Why is getMaxLoss function necessary? ~Lousan if(Third_Stop!=0) Trail_Trigger=Third_Stop+Trail_Stop_By; else if(Second_Stop!=0) Trail_Trigger=Second_Stop+Trail_Stop_By; else if(First_Stop!=0) Trail_Trigger=First_Stop+Trail_Stop_By; else Trail_Trigger=sl+Trail_Stop_By; Comment(/*version ,*/"PreSet... ", PreSet_Name, //==== USE THIS to differentiate btwn trades on same pair (i.e.. "LongTrmTrade" ; "BounceTrade", etc...) "\nClose Lots: ", Close_Lots, "\nTP @ +", First_TP_Target, " then incrmnt by ", TP_Target_Increment, "\nSL1: @ +",First_Stop_Target, " > ",First_Stop, "\nSL2: @ + ",Second_Stop_Target, " > ",Second_Stop, "\nSL3: @ +",Third_Stop_Target, " > ",Third_Stop, "\nTrail SL: ", Trail_Stop_By, "\nMax Loss: ", Max_Loss); } //== end function //=============== FUNCTION deinit int deinit() { //---- sl = -1*Max_Loss; nextTP = First_TP_Target; Trail_Stop = sl; //---- return(0); } //== end function //========== FUNCTION Start int start() { //---- getOpenOrders(); getSpread(); //Comment(sl); //---- return(0); } //== end function //========== FUNCTION getPipValue double getPipValue(double ord,int dir) { double val; RefreshRates(); if(dir == 1) val=(NormalizeDouble(ord,Digits) - NormalizeDouble(Ask,Digits)); else val=(NormalizeDouble(Bid,Digits) - NormalizeDouble(ord,Digits)); val = val/Point; return(val); } //== end function int getSpread() { int spread=MarketInfo(Symbol(),MODE_SPREAD); return(spread); } int getMaxLoss() { int calcMaxLoss; calcMaxLoss = Max_Loss; return(calcMaxLoss); } //========== FUNCTION getOpenOrders void getOpenOrders() { int nsl, nsd; string mngMagic; int totalorders = OrdersTotal(); for(int j=0; j= Trail_Trigger) { nsl = val + 1; nsd = val + 1 - Trail_Stop_By; trailon = " On"; } //RefreshRates(); Comment(/* version ,*/"PreSet... ", PreSet_Name, "\nClose Lots: ", Close_Lots, "\nTP @ +", First_TP_Target, " then incrmnt by ", TP_Target_Increment, "\nSL1: @ +",First_Stop_Target, " > ",First_Stop, "\nSL2: @ + ",Second_Stop_Target, " > ",Second_Stop, "\nSL3: @ +",Third_Stop_Target, " > ",Third_Stop, "\nTrail SL: ", Trail_Stop_By, "\nMax Loss: ", Max_Loss, "\n----------------------------", "\nOrder Open: ",OrderOpenPrice(), "\nPip Count: ", val, "\nNext TP: ", nextTP, "\nCurr SL: ", sl, "\nTrail SL Trigger: ", Trail_Trigger, " ", trailon, "\nManaging: ", mngMagic); } } //========== FUNCTION takeProfit void takeProfit(int pips, int ticket) { if(OrderSelect(ticket, SELECT_BY_TICKET)==true) { if(pips >= nextTP) { if(Alert_Sound) PlaySound("TakeProfitHit.wav"); if(OrderType()==1) // 1 = OP_Sell { if(OrderClose(ticket, Close_Lots, Ask, 3, Lime)) nextTP+=TP_Target_Increment; else Print("Error closing order : ",GetLastError()); } else { if(OrderClose(ticket, Close_Lots, Bid, 3, Lime)) nextTP+=TP_Target_Increment; else Print("Error closing order : ",GetLastError()); } } } } //== end function //========== FUNCTION moveStops void checkStops(int pips,int ticket) { if(sl==-1*Max_Loss && First_Stop != 0 && pips >= First_Stop_Target) { moveStops(ticket, First_Stop); } else if(sl==First_Stop && First_Stop != 0 && pips >= Second_Stop_Target && Second_Stop !=0) { moveStops(ticket,Second_Stop); } else if(sl==Second_Stop && Second_Stop != 0 && pips >= Third_Stop_Target && Third_Stop !=0) { moveStops(ticket,Third_Stop); } else if(Trail_Stop_By != 0 && pips >= Trail_Trigger && pips - Trail_Stop_By > sl) { Trail_Stop = pips - Trail_Stop_By; sl = Trail_Stop; trailon = " ON"; } if(pips <= sl) stopTrade(pips,OrderTicket()); } //== end function //========== FUNCTION moveStops void moveStops(int ticket,int stopDiff) { if(OrderSelect(ticket, SELECT_BY_TICKET)==true) { Print("moveStops called ",ticket, " ",stopDiff); if(OrderType()==1) // 1 = OP_Sell { OrderModify(ticket,OrderOpenPrice(),OrderOpenPrice()-stopDiff*Point, OrderTakeProfit(),0,Plum); sl=stopDiff; } else { OrderModify(ticket,OrderOpenPrice(),OrderOpenPrice()+stopDiff*Point, OrderTakeProfit(),0,Plum); sl=stopDiff; } } } //== end function //========== FUNCTION killTrades void stopTrade(int pips, int ticket) { if(OrderSelect(ticket, SELECT_BY_TICKET)==true) { if(OrderType()==1) OrderClose(ticket,OrderLots(),Ask,3,DarkViolet); else OrderClose(ticket,OrderLots(),Bid,3,DarkViolet); if(Alert_Email) SendMail("MTP: Trade Stopped "+pips," "); if(Alert_Sound) if(pips > 0) PlaySound("TakeProfitHit.wav"); else PlaySound("StopLossHit.wav"); } } //== end function