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so there are many things I plan to do. Here is the list of features I plan to work on.
1. Color settings for white and other chart backgrounds
2. Ability to drag the info box
3. Zig-zag trailing EA
Please post your suggestions. Create your a new thread per suggestion so we can discuss it.
So whats new
Color settings are ready. there are 2 color schemes for white and black backgrounds.
Going to add more different schemes into future versions.
1. ability to open positions usung a special "signal" indicators.
2. ability to drag the info box, disable infobox
3. more trailing algorithms.
4. hidden trailing
Please post your suggestions.
I have a suggestion that could be used as an addition to the Approaching method.
In your example for the method, you talk about a 100 pip TS. While this would be fine by me once the trade opened out (or maybe if you're a position trader), i like to have an increasing stop until it reaches a certain point. Then maybe the Approaching method, where the stop gets tighter as profit rises, could be used.
For example, i might set a 1 pip SL at breakeven of 40. Then it might be good to have 4, possibly even 5, points where i could set a jumping stop before the trail kicks in. So, once i got to 50 pips, i could move my SL to 5. At 60 pips to 10. 80 pips to 20. 100 pips to 30. Then i'd kick the trail off at, say, at 130 pips profit.
Edited by user
| Reason: Not specified
Yes, That is what I'm thinking about.
I think will add an aditional parameter for approaching which will look like
_points = "100|70,110|50,130|25"; and so on
the first number is profit in pips the second number is SL value
so 100|70 means trail 70 pips when profit hits 100 pips
110|50 means trail 50 pips when profit hits 110 pips
Hope this makes sense
Yes, what you've said makes sense, but i'm not sure it addresses what i was talking about. Maybe it does.
The parameter you mentioned gives 'approaching' values eg, as in your example, if price gets to profit of 100 pips, trail by 70, if profit reaches 110 pips, narrow trail to 50 etc
However i was fine with the 'approaching' part as you had it. What i was saying was how about a 'departing' or 'taking off' part before you get to approaching? That is, rather than narrowing the trailing as the trade goes further into profit, at the beginning it widens out.
So, as in my earlier example, after the trade hits break even, it gets larger until you reach the 'approach point', when you then start the narrowing trail instead of widening.
You may have understood me perfectly the first time around, and so although your parameter example is for approaching, maybe you could also use it for 'departing': '50/10, 60/15, 80/20, 100/25' then start approaching with a 100 pip trail that narrows every 25 pips of additional profit.
For MA trailing stop, I would like you to set it up this way:
The trigger to close a position should be as the following:
A) a close below/above the moving average line, followed by a penetration of that close by the immediately following bar. yes TWO Bars in a raw above/blow the moving average.
Touching the moving average is not enough to close a position. Also one close below/above the moving average line by itself is not enough. The following candle must penetrate the last closed candle below/above the MA.
B) Once my initial profit target is reached (20 pips), then I will trail my position by switching to using "Bar By Bar" trailing system. this means to put the stop below/above the last closed candle Low/High, with an option to close half at (20 pips) then trail the rest BBB, till my target is reached.
C)my Target is 60 pips or the first Fibo S/R or Pivot line,using M5 chart as the main trading Time Frame.
I use 5 digit broker, and micro account (0.01).
* My initial stop is 50 pips, and the moving average trailing stop should kick in only if I'm in profit, after the close of 2nd Bar in profit, following the entry Bar. All these barometers should be adjustable and not fixed.
A. The current LOCTrailing EA is "trailing" only EA meaning that it moves Stop Loss value only. As I understand you want to close the order instantly when a bar closed below/above MA
B. I think this is possible with LOCTrailing with Partial Close EA
. You can use XBars back method (bar by bar) pluss set the TP levels for partial close. The Only problem is that trailing starts as soon as SL value goes in profit. (not after an order is reached 20 pip of profit)
C. How do you select the fibo range? is it hi/low of the prev day?
Some suggestions for development. Ideas anyway.
1 Have a parameter to insert a LOCSignal indicator for CLOSE of order. This sets a new condition to close order by arrows. One indicator to open, another to close.
2 Have with the EA purchase, a script, that is separate from EA, but allows order to be made with a magic number. Then you can have EA following the magic number in the chart with trailing specialisations.
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