This is what my ‘red’ and ‘blue’ approach are doing, based on default setting according to your proposal.

IMO, this would require a trigger coming from outside (the EA) telling our TP function that a trend /swing is ending. Otherwise the Adaptive TP function might interfere with trend / swing definition made by the EA.

s.

The main idea is to push the TP forward as we are getting close to it, or reduce the TP if we approch trendiness end signal.

G.

I absolutely support the idea:

My conceptual thoughts coded as an experimental indicator are posted over here.

s.

Adaptive Take Profit

I’m referring to @gg53 proposal posted here and here. At the moment, I won’t present the final solution as demanded in his 2nd post, rather take a step back and post an experimental indicator that shows 3 different implementations of his basic Adaptive TP proposal for further conceptual discussion.

The implementations are…[Read more]

Adaptive Take Profit

I’m referring to @gg53 proposal posted here and here. At the moment, I won’t present the final solution as demanded in his 2nd post, rather take a step back and post an experimental indicator that shows 3 different implementations of his basic Adaptive TP proposal for further conceptual discussion.

The implementations are…[Read more]

Brother Kiads, you are an inspiration

hannele

Most EA’s are heavilly investing in BreakEven, StopLoss trailing, TrailingStops, etc.

The issue of TakeProfit remains static in most of them, so why not invest in Dynamic TakeProfit according to changing market?

G.

Thanks for clarifying:

Depends on the logic. Just wanted to be sure. From decades of IT development, I have some experience with incomplete or ambiguous requirements specifications. IMO, it makes sense to ask if you’re not sure what your communication partner intended.

s.

Ok Guys, since I’m here in this thread, and one of our brother asking me by pm, what is my trading style.. ? because he following my threads and I share so many indicators and manual trading systems from candlestick chart to renko chart.. etc,  lol.

So, I should explain that I don’t have permanent trading style, it’s always depend on current…[Read more]

Thank You Brother @Shumway

Hopefully you could active here in our little home, please feel free to contact me if you want to discuss anything related to our hobby

Best Regards

MTH

A function setting an adaptive TP in relation to a given entry price, thus monitoring a certain trade. It’s an EA – what’s the point in something else?

G.

G:

Do you mean a function that just displays the adaptive TP relative to the current bar, or a function setting an adaptive TP in relation to a given entry price, thus monitoring a certain trade?

s.

On TakeProfit:

While we wait for the skeleton of our EA to be finished (pre-conditions + Logic), lets discuss a much neglected topic of TakeProfit.

Besides the TrailingStop, once a trade is entered, most EA’s are basically remains static with their SL & TP. BUT the market keeps changing.

Here comes the concept of Dynamic/Adaptive TakeProfit…[Read more]

Hi Brother, Sorry for late reply

Yes, you can’t use  this ‘look up’ higher multi currencies TF indicator in offline chart environment like renko chart, because in MT4  offline chart like renko use special TF file names to store their offline chart data and stupidly MT4 ‘think’ that this name associate with how to ‘framing’ the time.

And b…[Read more]

Here you are:

Place mqh file in the include folder.

Have fun testing, and any feedback welcome!

s.

Std. MT4 OBV is NOT an oscillator, and doesn’t have OB/OS areas.

G.

Yes:

… and the original article written by Waleed Aly Khalil over here tells even more (quote from the abstract):

The main idea of the VZO was to try to change the OBV to look like an oscillator rather than an indicator

s.

I have it:

Will post it later after some code cleaning.

s.

1. Each instance act as a stand-alone and try to fetch the CAL file. If file already exist, the instance returns. File fetching is done on Daily basis.

2. Daily RELEVANT CAL file (only EUR & USD events loaded in case of EURUSD EA) is loaded into memory with unique name (i.e. EURUSD_CAL_DDMMYY).

3. EA instance access that memory file.

That’s…[Read more]

Maybe,

else V = EMPTY_VALUE;

at first second of every candles in every TFs mostly, Open = Close = High = Low with Volume = 0,  So, ‘V’ should be ‘Empty’ first, before the loop change ‘her’ value later.. if  High-Low != 0.0.

Just my noob cent.. lol

MTH