FXCodeBase.COM: Forex Chart Indicators and Development

moomoofx wrote:"Net Stop" mode such that it sets the stops on all trades to be the net break-even --- added to the to-do list.

Cheers,
MooMooForex

Terrific, thanks so much!

BreakEvenAll.LUA is working fine but i also want to be able to close half my position as soon as break even is set. I heard this was in development. has that completed?

Your request is added to the development list.

Hi,

can some strategy open orders in some direction when I trigger buy/sell order.
This strategy would automatically trigger advanced orders like breakeven, partial sell, trailing stop after breakeven, target points... I ll only choose size (risk) and SL and target points will automatically set to 1:x (loss:profit).

Or some strategy, which will open another orders which are similar to first one but one trigger (buy/sell). Something like mirroring of postions and multiple.
But at same price and time. Also with different limit orders for partial sell for at least 2 - 3 target points.

Thanks
Regards,
DK

Advanced position sizing and risk management is possible.

Hi there,

I wanted to let you know that I am receiving the following error with BREAKEVEN Strategy:

"Failed create/change stop Cannot place more than one order of this type for each trade."

Does this occur if your order already has a stop order set?

More importantly, I'm wondering if the Exit Partial option has been - or could be - added (preferably to the BreakevenALL strategy).

The option to Target an initial TP / BreakEven level (along with Exit Partial option) based on ATR and/or Fractal would be amazing as well !

Kindly let me know if this can be done.

Thanks a lot!

Best
4x4

The SetTrailing option in BreakEvenAll strategy doesn't seem to work. It correctly sets the stop to trail, but then every time the stop moves up it sets it back to the BreakEven position.

Could you kindly have a look to fix this.

Basically, it should only set the stop to BreakEven point once, and then let the Trailing Stop go until trade closes out.

Thanks

In reference to my above issue regarding BREAKEVENALL:

I modified a few lines in ExtUpdate in order to check to see if the current stop is better than breakeven. Seems to work.

If anyone wants the code, I've pasted it below.

Basically replace these 5 lines:

Code: Select all

           if (tradeRow.IsBuy) then
                stopValue = openPrice + (gap * instance.bid:pipSize());
            elseif (not tradeRow.IsBuy) then
                stopValue = openPrice - (gap * instance.bid:pipSize());
            end


With the below, which adds the additional check:

Code: Select all

           if (tradeRow.IsBuy) then
                stopValue = openPrice + (gap * instance.bid:pipSize());

            -- check if the stop is better than the BreakEven level, if so, do nothing and exit
                    if stopValue < tradeRow.Stop then
                        return;
                    end

            elseif (not tradeRow.IsBuy) then
                stopValue = openPrice - (gap * instance.bid:pipSize());

            -- check if the stop is better than the BreakEven level, if so, do nothing and exit
                    if stopValue > tradeRow.Stop then
                        return;
                    end
            end

Hi 4x4partners,

Thanks so much for posting this! This is exactly what I'm looking for. I do have two questions:

1. What would I put in the parameters if I want my SL to me moved to breakeven after 20 pips profit then trail the stop every 10 pips? (is 10 pip trailing stop to tight)

2. Should I not set a TP with these orders? Will setting a TP mess up the strategy?

Again thanks so much!

Hi D37945,

I'm not the author of the original, but as far as I can tell:

1. This strategy doesn't allow for a "Fixed" trailing stop, just a dynamic one... meaning for every pip up/down, the strategy moves stop with it (in direction of the trade). It shouldn't be too hard to add the option for a "fixed" trail, but would need to be coded.

2. Setting a TP or SL with the orders shouldn't interfere at all. Your TP (limit order) should stay the same.

Again, I'm not the author, and have only recently begun testing this strategy, so hope that's helpful.

Best
4x4