Adjust Take Profit When Pip Loss Reached - Quick Load Code: m-tasl
Used to make adjustments to the take profit when the trade has reached a supplied amount of loss in pips. Set 'TP SL Trig' box to number of pips which if in loss by will cause take profit target 1 to be adjusted. Set 'TP Adj TP' to pips that take profit target 1 will be adjusted too. Note, assumes target 1 was already configured in pips. If was configured as risk reward ratio then TP Adj TP will be new risk reward ratio to use. Note, if 'TP SL Trig' is set to blank then turns rule off.
Break Even on Profit - Quick Load Code: m-beop
Will look at overall profit of trade, including any scale-in tickets, and if break even is set then will exit when profit reaches 0. This replaces our default break even method, which works when price returns to original open price. Use 'BE Amnt' text box to say what profit threshold is, by default 0, where will exit when profit goes to that amount. Note, setting for break even can be done in the normal way, e.g. by take profit target reached, setting on panel manually via BkEven tick box, or by another rule from the library.
Martingale SL & TP Adjustment - Quick Load Code: m-mgst
Allows SL and/or TP to be adjusted as Martingale (consecutive losing trades) are encountered. Set 'MartG SL' and 'MartG TP' to the pips for SL and/or TP, which should be separated by |. For example, to have SL that start with 15 pips then if losing trade goes to 10 and if loses again 5 then set 'MartG SL' to 15|10|5. Similar for TP. If blank then this rule won't adjust. Note, the TP assumes you have configured a single take profit in CONFIG | Take Profit set to pips. Note, the historical trades that are considered for Martingale are shown in Account History in Terminal/Toolbox of MetaTrader, which can be set by the user in how far back it goes.
TOP TIP: As with other rules, the default value of the 'MartG SL' and 'MartG TP' boxes can be set in CONFIG | Rule GUI Controls.
Multiple Trade Open on Each Market Tick - Quick Load Code: m-mo
Can be used to enter into the market with a big position, split over multiple trade opens, as each tick from the market comes in. A text box is provided to enter the number of trades to be opened. Click the appropriate open buy/sell tick box to begin the open. The rule will alert when the open has been completed. You can untick the box to abandon the open whilst in progress.
Trade Open on Next Bar/Candle- Quick Load Code: m-on
Adds two tick boxes (for buy and sell) which when ticked will open trade in that direction on the open of the next bar/candle. Will use lots/SL/TP as set on panel.
Re-open Trade on Take Profit - Quick Load Code: m-tpre
Will re-open a trade when it is closed due to take profit being hit. Tick 'Continuous TP ReEntry' tick box, shown on panel, to turn on/off. Note, requires Auto Mode on panel to be in trade mode, e.g. TC.
Reset for New Trade on New Candle/Bar - Quick Load Code: m-ncrs
Will allow a new trade to happen on new candle/bar if currently loaded entry rule is in agreement.
Reset for New Trade on Take Profit - Quick Load Code: m-tprs
Will allow a new trade to happen, by doing a 'reset', if trade closed due to take profit hit. This will allow a new trade to happen on take profit reached, provided entry rule still in agreement and still signaling trade open. Use tick box 'Reset on TP' to turn this functionality on and off. Note, normally a reset wouldn't happen unless market gone in other direction.
Disable Auto Mode On Daily Profit % Reached - Quick Load Code: m-dadp
Sets Auto Mode to EVL (evaluate only) when daily profit target precentage reached. The percentage is growth on balance on trades closed during trading day. Can optionally re-activate trading (set TC mode) automatically on the following day at specified server time in 'Reactivate @' box (format hh:mm) - blank if not required.
Enable/Disable Auto Mode On Specific Time of Day - Quick Load Code: m-tt
Allows trading start and end time to be specified and trading mode. Will set that mode when time transitions into start time and will set to EVL when trading end time is reached. As with rules can change default value in CONFIG | Rule GUI Controls. Note, if either start or end time are blank that no action will be taken at that time.
Enable Stop Loss Trail on Candle Close - Quick Load Code: m-toc
Provided 'SL Trail on Close' tick box is ticked, the rule will set for trail on candle close after trade opened.
Add Text Box to Panel for Max Spread - Quick Load Code: m-sms
This allows EA input Main_maxSpreadForAutoTradeOpen value to be set interactively by adding to the panel via a 'Max Spread' text box. The box will be initialised with the current value of input Main_maxSpreadForAutoTradeOpen.
Add Tick Box to Panel for Turn On/Off Pending One Cancels Other - Quick Load Code: m-oco
Scale-In When External Trade Detected - Quick Load Code: m-sie
When an open trade is detected for the chart symbol, e.g. from another EA, then will scale-in with configured lot size. Useful when external EA opens trade (say) with minimum lots then our EA can add to position, so trade moves forward with that. Works by adding extra lots boxes to panel to record lots before trade open. Will use this value for the scale-in. You can use 'ScaleIn External Trades' tick box to turn rule on/off. Note, auto entry mode needs to be TC in CONFIG | General Settings for scale-in to work. This configuration will set that. Note, for external trade to be detected the magic number configured must match that of the external trade. This will probably mean setting Magic Number to 0 in CONFIG | General Settings.
Set for Breakeven When Loss or Profit Reached - Quick Load Code: m-bepl
Adds text box to panel 'BkEven Pips:' which if negative will set for break even when trade is that number of pips or more in loss. Setting for break even when in loss means trade will be exited if trade improves a bit and recovers to break even level. If BkEven Pips is positive then will set for break even when trade reaches that profit in pips. If BkEven Pips is blank then turns rule off. Note, both targets and break even itself takes the spread into consideration.
Alternative version that allows profit to be supplied in amount of account currency. Quick loade code: m-bepl2
Set for Breakeven When Trade Duration Reaches Set Value - Quick Load Code: m-bed
Adds text box to panel 'BE Secs:' which if not blank will cause breakeven to be set when trade duration (in secs) reaches this value. Note, if trade is loss then will immediately exit. Can set default value with User_configStr1.
Clear Stop Loss Trail when Break Even Price Reached - Quick Load Code: m-ctbe
Open Trade at Specific Time of Day - Quick Load Code: m-te
Set 'Sell Time' and or 'Buy Time' box with time in 24 hour format, server time. Will use configured defaults for lots, SL and TP. If box is blank then no entry will happen. Also, need to have Auto Mode set to TC (trade continuous) in CONFIG | General Settings, so will trade rather than alert (say).
Open Additional Orders If Trade Goes Against Direction - Quick Load Code: m-aoga
Will use our scale-in mechanism to open up additional orders if trade moves in reverse direction. Allows orders to be entered in at a better price before trade resumes its target direction. Interval of new orders (grid) is given by 'Grid Pips' text box and max orders allowed given by 'Max Orders'. Note, the 'Current Ord' is maintained by the configuration, i.e. don't touch. Note, only supports one direction at the time, i.e. either buy or sell. The lot size of the additional orders will be the same as the original order.
This second version opens separate trades using the EAs multi-trade mode so they can have independent stop loss and take profit. This can be set via CONFIG | Stop Loss and Take Profit pop-ups. You can set the maximum number of simultaneous orders via CONFIG | General Settings | Max Simultaneous Trades. Quick load code: m-aoga2
This third version is similar to the first but allows the scale-in to be specified for each grid level in a 'Order Scale' text box. This is values separated by | which gives multiplier of original trade for each level that represents the new total to have scaled-in by. For example, the default of |2|6|14|30 will, if original lots is 0.1, scale-in 0.2 extra on grid level 1 hit and then 0.4 extra on level 2 and then 0.8 extra and then 1.6 extra. Note, Order Scale list must start with |. Once no more numbers are specified in the Order Scale list then will stop doing scale-in. This version also has a Auto Grid box which if not blank will set the grid size to the stop loss pips divided by the auto grid value. Quick load code: m-aoga3
This forth version is the same as m-aoga3 but can handle both buy and sell trades at the same time. Quick load code: m-aoga4
This fifth version is the same as m-aoga4 but adds support for setting grid based on ATR and also if trade open is still being signalled and if trade in profit or not - all done optionally. Use indicator reference gridATR to set ATR capture, including period and time frame. Set 'Grid ATR Ftr' to the multiplier on ATR to use. Set 'Grid ATR Ftr' to blank if don't want to set using ATR. Set 'Signal Req' to if trade open signal is still needs to be present for scale-in to happen. Can set to global variable as well, e.g for pin mechanism, where should be 1 for buy and 2 for sell. Set 'Profit Req' to wether trade should be in profit or should be loss for scale-in, or turn this check off. Note, important to add this rule after the main entry rule, so can pick up on trade open still being signalled.
Quick load code: m-aoga5
Open Additional Orders If Trade Goes For Direction - Quick Load Code: m-aogf
Will use our scale-in mechanism to open up additional orders if trade moves in the direction of the trade. Allows the scale-in to be specified for each grid level in a 'Order Scale' text box. This is values separated by | which gives multiplier of original trade for each level that represents the new total to have scaled-in by. For example, the default of |2|6|14|30 will, if original lots is 0.1, scale-in 0.2 extra on grid level 1 hit and then 0.4 extra on level 2 and then 0.8 extra and then 1.6 extra. Note, Order Scale list must start with |. Once no more numbers are specified in the Order Scale list then will stop doing scale-in. This version also has a Auto Grid box which if not blank will set the grid size to the stop loss pips divided by the auto grid value.
Set Risk From List As Trade Made Until TP - Quick Load Code: m-srfl
Set 'Risk List' to list of risk settings which to use, using | to separate. Set Risk Idx to 0 to start process - if blank then will turn process off. Will set risk based on Risk Idx (index) and supplied list. Index will increase as trades are close. However, if full TP is reached then will reset index to 0, i.e. to the begining. If list is exhasted, i.e. reach end of list, then won't set risk any further.
Set Stop Loss High/Low of Closed Candle - Quick Load Code: m-slhl
To use need to set SL mode to RULE. Tip: If wish to trail with high/low then in addition to having SL mode also set EA input Main_stopLossUseCalcValueAtOpenForTrail to false.
Set Stop Loss Based on FX Trend - Quick Load Code: m-slft
Set Stop Loss Based on ParabolicSAR Else Swing High/Low - Quick Load Code: m-pssw
Will set stop loss based on ParabolicSAR. However, in the direction where PSAR SL isn't being calculated then will use Swing High/Low instead. For example, if buy trade but PSAR is above market price then will use Swing High/Low, else PSAR will be used. Note, you can change the properties of the PSAR via CONFIG button | Indicator Values to Capture and selecting Indicator Reference psarSL.
Set Stop Loss Based on Objects, e.g. trend line - Quick Load Code: m-slob
Will set stop loss based on objects that an indicator has placed on the chart. Set 'slObjsell' box to name of object for sell and 'slObjbuy' to name of object for buy. Note, the indicator must be running on the chart so the objects are created and updated. Note, statistics won't be possible as will only know SL for trading going forwards.
Set Stop Loss Based on ZigZagColor MT5 Indicator - Quick Load Code: m-slzz
Set Stop Loss Based on Current Spread - Quick Load Code: m-slsp
Will set stop loss based on multiplier of current spread. Use 'SL Spread*' box to set the multiplication factor on the spread, where a value of 1 would set the SL to the current spread. Note, this configuration includes setting the default stop loss mode to 'RULE', which allows the SL to come from trades rules such as this.
Set Stop Loss Based on Moving Average - Quick Load Code: m-slma
Whilst the EA natively supports SL from moving average, via CONFIG | Stop Loss | Auto, this rule can be used to provide a more tighter moving average SL, say when take profit level reached. Just set SL box on take profit target to RULE to switch from AUTO to using this rule. Use CONFIG | Indicator Values to Capture to set the moving average used for this rule via referenced IDs slMAlow and slMAHigh for low and high moving average, respectively.
Set Take Profit Based on Objects, e.g. trend line - Quick Load Code: m-tpob
Will set take profit based on objects that an indicator has placed on the chart. Set 'tpObjsell' box to name of object for sell and 'tpObjbuy' to name of object for buy. They are numbered for which take profit level they relate to. Set to blank if not in use. Note, the indicator must be running on the chart so the objects are created and updated. Note, statistics won't be possible as will only know TP for trading going forwards. Tip: Up to 4 take profit objects/levels can be enabled via CONFIG | Rule GUI Controls | Visible.
Set Take Profits Based on Moving Average - Quick Load Code: m-tpma
Use selection lists to select moving average method and period to set take profit to. Will use exit % and other actions as configured in take profit pop-up. A pip offset can also be supplied to adjust moving average, so further away by supplied number of pips. If negative pip offset supplied then will move price closer to open price. Tip: You can use CONFIG button | Rule GUI Controls button to change selection lists (maTP1 and maTP2) to suite MA periods you require.
This second version is available that permits up to 4 take profit levels to be set from moving averages. Quick local code: m-tpma2
Trail Stop Loss on New High/Low - Quick Load Code: m-nhlt
For buy, will trail stop loss when new high is formed and will set stop loss to low of the bar and visa versa for sell.
Trail Stop Precentage of Peak Pip Profit - Quick Load Code: m-pppt
Will exit trade when profit in pips drops to supplied percentage from its peak. Provides 'Min Bars' box to enter minimum number of bars/candles before rule becomes active and 'Min Pips' box for minimum pips peak profit, again before rule becomes active. Can set box to blank to turn one of the those checks off, but don't turn both off as need chance for trade to get going! In 'SL Trail %' box put the percentage of peak that will cause exit when the current profit drops down to it. If 'SL Trail %' box is set to blank then will turn rule off.
Trail Stop Loss on Lowest/Highest Bars - Quick Load Code: m-bslt
Will wait until trade has been opened for 'Trail Bars' number of bars/candles. Will then look at lowest(for buy)/highest(for sell) price in most recent 'Trail Bars'. Will then apply offset pips given by 'Trail Dist' and use that as trailing stop loss price. Can set 'Trail Bars' to blank to turn off. Also has 'Mn Pft Pips' text box where can specify minimum profit if pips the trade needs to have achieved before trailing is activated. This again gives the trade a chance to get going before trailing becomes active.
This second version will only trail if candle just closed is bullish for buy or bearish for sell. Note, the 'Trail Bars' is set to default of 1, which can be changed via CONFIG | Rule GUI Controls | textBox.trailSLBars | Default Value. Quick load code: m-bslt2
Trail Stop Loss on Specified Profit with Specified Step - Quick Load Code: m-aslt
Set Buy/Sell AdvTrail to what is required, in format profitPips/stepPips. For example, if set to 9/5 then for every 9 pips of profit will reduce stop loss by 5 pips. Don't worry about the Buy/Sell OrgSL boxes as they are automatically set by the configuration to the original stop loss price when a trade is opened.
Trail Stop Loss on Steps in Profit with Offset - Quick Load Code: m-aslt2
After target 'Trail Start' profit pips has been reached then will trail SL when steps in profit pips of 'Trail Step' are reached. When a step in profit is reached then will set SL to current price minus 'Trail Offset'. So that if price retraces by Trail Offset then will exit. By default, will move SL when every 20 pips profit set is reached and will set SL to current price - offset. The trailing only will begin when 40 pips profit target has been reached. Note, to turn off set Trail Start to blank.