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- moneybiz replied Jun 3, 2017
TM has parameters that allow one to exit a trade at the cross of two indicators or the cross of the price and an indicator.
- moneybiz replied May 7, 2017
The paid version of the TM Trade Manager is now free. It can be found at url
- moneybiz replied Sep 28, 2016
A paid version of MTP is available. Google "Trade Manager TM". Lots of bells and whistles.
- moneybiz replied Dec 22, 2009
FiboFX, Be aware that if you open the EA parameters window and click OK, or you change timeframes or profiles, the EA will be re-initialized and your first TP will be taken again--beyond your first TP, if that's where it re-initialized.
- moneybiz replied Nov 24, 2007
pgtips, 1 EA per Chart per Currency = 1 chart per EUR/USD, plus 1 chart per GBP/USD, plus 1 chart per CHF/USD, etc. Or, expressed another way, if you want to trade multiple currencies, you can have one instance of the EA for each currency. If you ...
- moneybiz replied Nov 24, 2007
Wayne, leave Third_Stop_Target and Third_Stop as zero. Your last stop is then at 21, so your trail would kick in when price hits 76 (21 + 55). When price moves to 77, your stop will be moved to 22, 78 = 23, etc. The way you currently have it shown, ...
- moneybiz replied Nov 24, 2007
You can use MTP once for each currency pair. You can use it for multiple trades for a given pair, if you use a magic number on each trade. Be sure to re-set the EA between trades.
- moneybiz replied Sep 30, 2007
And no, closing a smaller lot portion is not addressed. I will leave that to you. You've got a good eye! And, I hereby dub thee the new caretaker of MTP (ManageTakeProfit).
- moneybiz replied Sep 30, 2007
Josh, yes, you're right--it did need those checks for zero on Second & Third_TPs. I agree with your code. Are you going to post your changes?
- moneybiz replied Sep 26, 2007
I've modified MTP to add 2 more fixed TP targets. The TP Target Increment will kick in after the last non zero TP Target. I've also added a second method of closing lots, which increments the lots closed at each TP by the original Close_Lots number. ...
- moneybiz replied Sep 23, 2007
Frank, OpenMagic is a script, not an indicator. Copy it to the Expert/Scripts folder.
- moneybiz replied Sep 20, 2007
Frank, Only one expert can be attached to a chart. If another expert is imposed, the previous one will be deleted from the chart. Also, If you have an EA and an Indicator, both of which generate text on the chart, one will overlay the text of the ...
- moneybiz replied Sep 16, 2007
Ganezi, I need an entry time so I can follow on my chart. Had the Trail kicked in? Was it MTP that closed the trade? Click on the Experts tab below your chart to see what actions MTP performed. Everyone, when you suspect a problem, please take a ...
- moneybiz replied Aug 28, 2007
A Note about Stops. The First, Second, and Third targeted stops are real stops and you will see them on your trade transaction in the MT4 Terminal window when MTP issues a request to the server to set them in place. However, the Max Loss and ...
- moneybiz replied Aug 28, 2007
Bassfisher, the problem has been fixed with version 1.5. 8 Stops? Use the Trailing Stop. Mike, 1) Use it with any pair, 2) MTP knows how to handle the decimal point, 3) Yes, but only one chart per currency pair. I'm not able to update previous posts ...
- moneybiz replied Aug 21, 2007
Note: If you will be using MTP to trade announcements, please give MTP a helping hand by closing all unnecessary programs on your PC. You absolutely do not want your email program to be downloading mail, or Automatic Updates to be updating your ...
- moneybiz replied Aug 19, 2007
Zee, when Price reaches your Max Loss, a request is issued to the server (broker) to close out your entire position (remaining lots). There is nothing left to start again, unless you enter another trade. MTP was designed to manage trades, not to ...
- moneybiz replied Aug 18, 2007
Josh, You can attach MTP to each Currency pair. Zee, Max Loss applies to raw pips, regardless of lots traded. If the price gaps, like on an announcement, you may not get stopped exactly where you specified, but you should have been stopped out at ...
- moneybiz replied Aug 17, 2007
MTP Revised, 1.3 — I've revised MTP because the Trailing Stop was not being set if the fixed stops were zero. Plus some cosmetic changes.
- moneybiz replied Jun 28, 2007
200, you say "sometimes" it doesn't work. That would mean that sometimes it does work, eh? Click on the Journal tab and see if there's an error message indicating why it didn't work. Also, if the EA is interupted (PC crash, change accounts, etc), it ...