My Dynamic Take Profit function is working now – see attachment. It was necessary to apply some changes to your EA version in order to make DynTP work.

So the zip file contains the following:

sx_dynamic_tp.mq4: all new functions and some code snippets that show how to use them
Penguin_v_1_3_sx.mq4: a modified EA based on Version 1.3. I had to…[Read more]

Thank You All,…

and keep practicing,

In every businesses including this forex business, the main purpose is to make profit and avoid or recover your losses.

So, if for example you don’t need to use any Technical or Fundamental analysis and just go blindly open your position, there’s only 2 options that will happen next;

First option: Your…[Read more]

Hi @VlanFx,

Thanks for your answer! Ok, got your thoughts about partial close and changing ticket number. Until now, I didn’t bother about partial close too much, so I don’t have a solution right on my desk.

So just let me think: how many trades of one pair do we allow to be open at a time? One or more? And do we allow hedging?

If we’re…[Read more]

A useful little tool to view MT4 logfiles

When debugging my Dynamic TP prototype (which seems to be working now ) I had to study the MT4 Tester logfiles very intensely at a very detailed level. Most of you will know the problem that the logfiles are ‘presented’ by MT4 in a horrible way (1st pic). So it is not surprising that some of us are…[Read more]

I’m currently debugging my Dynamic Take Profit function, which is based on the Trailing Stop function @VlanFx provided in v 1.3 of the EA. My DynTP still has an issue, but I think we’re also having issues with the current logic of partial close and moving the SL to BE (functions CloseOrdersPartialAndMoveSlToBE and MoveStopLossToBreakEven) which…[Read more]

I’m currently debugging my Dynamic Take Profit function, which is based on the Trailing Stop function @VlanFx provided in v 1.3 of the EA. My DynTP still has an issue, but I think we’re also having issues with the current logic of partial close and moving the SL to BE (functions CloseOrdersPartialAndMoveSlToBE and MoveStopLossToBreakEven) which…[Read more]

Yes Brother, Ideally you need $10,000.- to allow you go long 0.1 lot total active trades very safely.

But, if you play with pairs that already under their parity like NZDUSD, or AUDUSD, then the capital requirement should be less..  and if in the last 15 years history their price never ‘touch’ 0.5000 price value then you could calculate your…[Read more]

Thanks for your contribution.

As already stated several times in this forum, Our baseline for Logic changes/Additions/Contributions are H4 TF’s.

G.

Hi Again,

Most of you already familiar with ‘Time Frames’ or TF for short, and sometime argue each other about which one is the best TF..lol.

While I keep telling you several times, that you are financial traders, which search for profit in ‘money’ not in ‘time’. So, simply you must more concern about ‘Price Frames’ rather than ‘Time Frames’..…[Read more]

You right brother, but mostly traders can’t patiently enough to trade 100 units on Oanda while they have $10.000 equity..

and most of retail brokerages standard account allow minimum lot of 0.01 that mean 0.1 $ per pip.

So, $1000 equity could cover 10,000 pips range. I at least need 3 positions to averaging or valving my first position, then I…[Read more]

also keep in mind % is completely relative to equity size and $ per pip.

lets say you have $10,000 and you trade 100 units on oanda. a 2% stoploss would probably be 20,000 pips

Hi Brother, nice to see you again in my thread, and also Big Thank You for Brother @PMMforex for explaining exactly what I do to deal with SL (Stop Loss) that I have my own term of MSYL (Make Sure Your Loss)… lol.

Here is more explanation about this in picture example of USDCHF Monthly Chart;

You ‘see’ my explanation on chart, and judging…[Read more]

My idea of implementing this is the same way as the TrailingStop is implemented.

Both deal with the same functionality of OrderModify(…).

G.

No point in testing the EA for profitability, major things are still missing from the Logic part, and some minor things are still missing from the pre-trade conditions.

Major issues on the Logic Entry/Exit part will be added AFTER the trade pre-conditions part of that EA is fully implemented.

G.

Hi Brother,

Actually that 2 losing trades is because my ‘old eyes’ that wrongly close this 2 positions instead of opposite positions that I want to close..lol, so blame the mouse not me… hahaha..
I believe that there’s no losing positions until you decide to close your floating minus positions, so as long as you have ‘strong margin’ (and…[Read more]

@mast83:

A HTF (high timeframe) version of my Clear Method Band is posted over here.

s.

@IenDzi:

G. wrote:

… ADX is moving up …

He is referring to the ADX main line (MODE_MAIN). Your function uses +DI and -DI. It could possibly make sense to use +DI and -DI to indicate the end of a swing, but you will also require ADX Main to code G’s approach.

s.

@IenDzi:

G. wrote:

… ADX is moving up …

He is referring to the ADX main line (MODE_MAIN). Your function uses +DI and -DI. It could possibly make sense to use +DI and -DI to indicate the and of a swing, but you will also require ADX Main to code G’s approach.

s.

More advanced math reveals the following:

The Mid of Large bars (>2*ATR) reach their MID within max 24 days.

G.