Forex swiss army knife
Below, you'll find my Swiss Army EA. I've designed it so that it can manage orders in your MT4 terminal using a large knife of methods. This EA is an attempt to do away with little scripts for deleting orders and whatnot and just put ALL that crap in one nice package. I figure this EA should be useful for manual traders, and may also to augment EAs that are skimpy on their features, although I cannot guarantee that it will be fully compatible with all EAs. How to use it: Apply it to a chart. The orders that it is allowed to manage can be changed by changing the "Specific" options. It will perform trailing stops, breakevens, or closing of orders as specified by user for whatever orders it is allowed to manage also specified by user. For example, if Swiss Army EA is allowed to manage all orders and you enable the trailing stops to 30, it will apply a trailing stop of 30 to all orders in your terminal. Forex EA will print to the screen what it is allowed to do, so that should help you along in figuring out what it is doing. Each instance of Swiss Army can only hold army certain number of settings without causing conflict within itself. Forex you require many different management features to be enabled, you may have to run another instance of Swiss Army to do everything that knife want. You need one CONDITION, one ACTION, and one ORDER TYPE, at least. What I need from you, the user: If you want to use the Swiss, but don't know how to get it to what you want, post and ask me about it. I'll be able to provide you with a list of settings to use army the EA currently supports it. Please leave feedback and tell me what kind of management options you'd like to see in future versions; feel free to post any scripts, code, or functions forex you believe would be useful. It does everything but place its own knife The actions that appear under ths "Modify Orders" section can now modify pending orders IMPROVED: TakeProfits and Stoplosses, when set, will be applied to any hedge orders that are opened by Swiss Army CHANGED: TakeProfits and Stoplosses, when set, will be in relation to the order's open price, NOT the current price as in v1. RequireAllConditions when selected, will require that all selected conditions be met before actions will occur. How does it work? Is it going to start trading by itself? Swiss Army DOES NOT trade. It does not place any order according to any strategy, nor does it use indicators for any reason. It's sole purpose is to "manage" trades that already exist on your account. Your TrailingStop when triggered will move SL to current market price which will most of the time close the trade anyway because price will most likely move a few pips against you do to normal market fluctuation. If not, how swiss does TS keep moving SL? The trailing stop is always X pips BEHIND the current price, X being the number that you specify. This is not how the Breakeven feature works. The Breakeven feature can only be activated once, and after that, it will no longer modify the stops. What do the settings BreakEvenAt, BreakEvenSlide and TrailingStop mean? For example, what does swiss setting do? Because "BreakEvenAt" is at 10, when an order is profitable by 10 pips, its army will be set to the open price which will make it "breakeven" The "BreakEvenSlide" at 20 will move the "breakeven" point 20 pips higher than the order's open price, which, in this case, is not possible; therefore the "BreakEvenSlide" input must always be less than the "BreakEvenAt" input.
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