Swiss Army EA v1.51

http://rapidshare.com/files/195251659/Swiss_Army_EA_v1-51.zip

A question about this Swiss Army. I want to trail a stop 3 pips back once the position is 3 pips in profit. The spread for GBPUSD on my account is 2 pips so wouldn't the stop almost for sure be immediately triggered??? Anyone who has used Swiss Army EA, I would appreciate it if you could give me some insight here...

 

Also, can anyone recommend a good US broker who has 1 pip spread on GBPUSD?

 

Thanks.

Hi Diesel, I have used many trade mgr. ea's and none seem to do what you need. Steve Hopwood may be able to modify his trade mgr ea that is on hxxp://www.forexfactory.com/showthread.php?t=89371&page=10

Diesel,

 

It sounds like you might be looking for "2% a day" or something similar in your trading strategy. :)

 

Swiss Army Knife is no longer supported by the developer and version 1.5x is not 3 - 5 digit aware and it didn't adjust for spread. Here is a modified version of that is 3 - 5 digit aware and I also put in the defaults for what you are looking for. Please test this on demo until you are satisfied that it does what you want. If not send me a note and I may be able to fix it. The defaults are set to start trailing SL by 3 pips once you are in a 3 pip profit. It automatically adjusts the exit price based on the current spread.

 

This probably won't work on any broker with a fixed spread as they usually prevent you from placing a SL or TP within 5 pips of the current price. With ECN type brokers there generally is no limit on setting TP or SL. The other option would be to create a trade manager that hid the TP and SL from the broker...

 

http://www.4shared.com/file/M7I-1mDh/Swiss_Army_EA_v201.html

 

Good Luck.

Edited October 16, 2010 by hitescape

Diesel,

 

It sounds like you might be looking for "2% a day" or something similar in your trading strategy. :)

 

Swiss Army Knife is no longer supported by the developer and version 1.5x is not 3 - 5 digit aware and it didn't adjust for spread. Here is a modified version of that is 3 - 5 digit aware and I also put in the defaults for what you are looking for. Please test this on demo until you are satisfied that it does what you want. If not send me a note and I may be able to fix it. The defaults are set to start trailing SL by 3 pips once you are in a 3 pip profit. It automatically adjusts the exit price based on the current spread.

 

This probably won't work on any broker with a fixed spread as they usually prevent you from placing a SL or TP within 5 pips of the current price. With ECN type brokers there generally is no limit on setting TP or SL. The other option would be to create a trade manager that hid the TP and SL from the broker...

 

http://www.4shared.com/file/M7I-1mDh/Swiss_Army_EA_v201.html

 

Good Luck.

 

 

Just a follow up. Thanks to the good Hitescape! Your newer version works like a charm !

Edited November 24, 2010 by Diesel 10

Hi,anyone ,tell me how to open and close trade with this EA,please.

Thanks.

Diesel,

 

It sounds like you might be looking for "2% a day" or something similar in your trading strategy. :)

 

Swiss Army Knife is no longer supported by the developer and version 1.5x is not 3 - 5 digit aware and it didn't adjust for spread. Here is a modified version of that is 3 - 5 digit aware and I also put in the defaults for what you are looking for. Please test this on demo until you are satisfied that it does what you want. If not send me a note and I may be able to fix it. The defaults are set to start trailing SL by 3 pips once you are in a 3 pip profit. It automatically adjusts the exit price based on the current spread.

 

This probably won't work on any broker with a fixed spread as they usually prevent you from placing a SL or TP within 5 pips of the current price. With ECN type brokers there generally is no limit on setting TP or SL. The other option would be to create a trade manager that hid the TP and SL from the broker...

 

http://www.4shared.com/file/M7I-1mDh/Swiss_Army_EA_v201.html

 

Good Luck.

 

Would it be possible to further modify Swiss Army V201 to add a user defined multiplication factor for the hedge trade? I.E. 200 is 200% of original trade size. Also, an ability to close the hedged pair at b/e + pips.

Hi,

 

If i just need this EA to close a trade when reaches my Stop loss of 30 pips whereby the profit is still managed by the original EA, what is/ are the parameter(s) that I need to adjust? Thank you very much..:)