Excellent........just one small thing.
In V1, the Buy and Sell were above each other. Now they are next to each other.
Any chance of making them lie one on top like V1. Same modifications of course.
Many thanks and apologies.
Kind regards
Robert
I will code your EAs and Indicators for no charge
- #13,984
- Jun 11, 2016 10:40am Jun 11, 2016 10:40am
- Joined Nov 2015 | Status: Trader | 2,525 Posts
This is a simple but quite effective manual risk management tool and can be used to control and manage drawdown.
It is coded by Denkhaus Logic Research and modified by Mop and is available on the web free of cost.
Presently, the indicator can compute average entry price and average stop loss and print on chart in real-time based on the risk factor input by the user.
The input basically calculates stop-loss for average price of trades executed and the indicator prints it on the chart .
With each trade the average entry price moves closer to the trade entry price and red and green shadows appear in real-time.
Request for new inputs
I want to print text on chart (in one of the four corners) for a hypothetical averaging management plan.
For this indicator, following inputs will be needed:
1. Trade entry mode: (a)Donchian channel Fibo or a normal Fibo level (b) Moving Average single MA or cross of 2 MAs (c) discretionary pips figure .
2. Time expected to achieve breakeven point in number of bars of TF selected. Example I want to gain back 240 pips by aiming for 20 pips change for each lot in 30 days (equivalent 120 4H bar numbers). Normally, the span of the grid entries needs to be compared with the cycle of the trend.
3. Size factor of the lots: (a) Equal (b) varying with input for five positions. Example, I may divide 1 lot in 5 equal lots of 0.25 or 1st lot of 0.10, 2nd lot of 0.20, 3rd lot of 0.30, 4th lot of 0.60.
4. Risk factor of total averaged position: There will not be a separate stop loss figure for each lot. Just one cumulative stop loss.
How it will be used
If the reversal happens traders average positions (mostly of equal lots and sometimes reduced or increased lot) to bring the total value of positions closer to breakeven point and exit without loss.
For averaging the trader has to estimate (a) probability of price retracing by (b) how much per cent and (c) in what time Example: AUDNZD price has lost 240 pips of buy position in a day after RBNZ decided to continue with Interest Rates. The trader had bought the pair on D1 timeframe hoping the central bank will cut the rates and had not placed any stop-loss position.
Trader will have his/her own reasons for selecting this averaging mode of recovering from the drawdown. It could be the trader is aware of the mean-reversion tendency of the currency pair and expects retracement or pullback or correction happening in certain time.
It is coded by Denkhaus Logic Research and modified by Mop and is available on the web free of cost.
Presently, the indicator can compute average entry price and average stop loss and print on chart in real-time based on the risk factor input by the user.
The input basically calculates stop-loss for average price of trades executed and the indicator prints it on the chart .
With each trade the average entry price moves closer to the trade entry price and red and green shadows appear in real-time.
Request for new inputs
I want to print text on chart (in one of the four corners) for a hypothetical averaging management plan.
For this indicator, following inputs will be needed:
1. Trade entry mode: (a)Donchian channel Fibo or a normal Fibo level (b) Moving Average single MA or cross of 2 MAs (c) discretionary pips figure .
2. Time expected to achieve breakeven point in number of bars of TF selected. Example I want to gain back 240 pips by aiming for 20 pips change for each lot in 30 days (equivalent 120 4H bar numbers). Normally, the span of the grid entries needs to be compared with the cycle of the trend.
3. Size factor of the lots: (a) Equal (b) varying with input for five positions. Example, I may divide 1 lot in 5 equal lots of 0.25 or 1st lot of 0.10, 2nd lot of 0.20, 3rd lot of 0.30, 4th lot of 0.60.
4. Risk factor of total averaged position: There will not be a separate stop loss figure for each lot. Just one cumulative stop loss.
How it will be used
If the reversal happens traders average positions (mostly of equal lots and sometimes reduced or increased lot) to bring the total value of positions closer to breakeven point and exit without loss.
For averaging the trader has to estimate (a) probability of price retracing by (b) how much per cent and (c) in what time Example: AUDNZD price has lost 240 pips of buy position in a day after RBNZ decided to continue with Interest Rates. The trader had bought the pair on D1 timeframe hoping the central bank will cut the rates and had not placed any stop-loss position.
Trader will have his/her own reasons for selecting this averaging mode of recovering from the drawdown. It could be the trader is aware of the mean-reversion tendency of the currency pair and expects retracement or pullback or correction happening in certain time.
Practice makes a person perfect
- #13,985
- Jun 11, 2016 2:42pm Jun 11, 2016 2:42pm
- Joined Jun 2012 | Status: Trader , Analyst and Mentor | 5,884 Posts
Say something meaningful or Silence!!
- #13,987
- Jun 11, 2016 3:38pm Jun 11, 2016 3:38pm
- Joined Feb 2007 | Status: Trader | 2,146 Posts
dear cja. i hope it is your indicator and i want this small change and please make it ex4 please then i cant do every time when i attach this with my charts ...really heartful thanking you.. really i want mq4 files for this small changes as of my own.. nothing more else... {image}
{quote} oh god.........never mistaken... i am not ask your mq4.. you keep your own mq4 with you that's your asset.. i need is that 4 changes only.. and please do that change and give ex4 is good enough.
Trade what you see not what you hope
- #13,988
- Jun 11, 2016 10:37pm Jun 11, 2016 10:37pm
- Joined Nov 2015 | Status: Trader | 2,976 Posts
{quote} {quote} My mistake
?
nopes... no hard feels..please can you give me that pzinsidebars_vcandles_lines.mq4 please ....
Success is a Journey Not a Destination....... kind regards ramzam
- #13,990
- Jun 12, 2016 12:24am Jun 12, 2016 12:24am
- Joined Nov 2015 | Status: Trader | 2,976 Posts
Success is a Journey Not a Destination....... kind regards ramzam
- #13,991
- Jun 12, 2016 12:32am Jun 12, 2016 12:32am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,088 Posts
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #13,992
- Jun 12, 2016 2:20am Jun 12, 2016 2:20am
- Joined Nov 2015 | Status: Trader | 2,525 Posts
Practice makes a person perfect
- #13,993
- Jun 12, 2016 6:21am Jun 12, 2016 6:21am
- Joined Nov 2015 | Status: Trader | 2,976 Posts
Success is a Journey Not a Destination....... kind regards ramzam
- #13,995
- Jun 12, 2016 9:30am Jun 12, 2016 9:30am
{quote} BD-Ninja- It should work now. {file}
. i need little change on this indicator IF POSSIBLE please help me ( i show it on attache chart please check )
"The world is full of nice people... If you can't find one... Be one
- #13,997
- Jun 12, 2016 10:23am Jun 12, 2016 10:23am
- Joined Jan 2011 | Status: Trader | 1,299 Posts
{quote} Thanks for your kindly attention & help ... yes its working now
Can you move the other to the bottom as those are objects and can be moved anywhere?
- #14,000
- Jun 13, 2016 1:51am Jun 13, 2016 1:51am
Hi everyone.
Can someone help me to create EA using PSAR indicator?
I want it to be automatic buy or sell depending on PSAR position.
And it is automatic OP every 15 timeframe with SL on PSAR position and TP 15 pips.
Looking forward for reply. Thanks in advance
Can someone help me to create EA using PSAR indicator?
I want it to be automatic buy or sell depending on PSAR position.
And it is automatic OP every 15 timeframe with SL on PSAR position and TP 15 pips.
Looking forward for reply. Thanks in advance