[ASK] EA which manages open orders

[freddy]

Hi dear II members

 

Do you know any EA that could manage open orders as described next:

 

On the first order, it places a Take Profit of X pips and a Stop Loss of X pips.

 

if multiple orders of same currency in same direction;

it calculates the average entry price and modify Take Profit , adding the same X pips to this average price.

 

For instance:

 

BUY 0.1 lot at 1.4300 (with a TP of 70 pips and a SL 50 pips)

 

then BUY 0.2 lot at 1.4280

 

 

first order would be: 0.1lot at 1.4300 TP 1.4370 SL 1.4250

 

then 0.2 lots at 1.4280

 

Average price= (1.4300 + (1.4280*2))/3= 1.42867

 

TP for both orders should then be 1.43567

 

If that does not already exist, any coders could make that happen? :-?

TIA

freddy

[freddy]

Any solution? No one knows this kind of EA? :-/

 

Managing scaling in or out as explained would be very useful.

Other platforms do this job easily, but MT4! :(

[LuckyLuke2011]

Hi,

 

just happened to see your thread, I'm currently working on trade manager EA, still working on some bugs but soon should be good enough to manage live trades. I searched for good trade manager but could not find, so decided to code myself, this one based on Swiss Army EA. Removed some useless stuff and added some useful things. For example manager has an option to exit on an indicator signal, currently using T3 MA (indicator has about 20 MAs in it, so all of them can be used)

 

 

here are some original EAs I started working on

http://www.forexnirvana.com/f44/swiss-army-trade-management-ea-1221

http://www.forex-tsd.com/expert-advisors-metatrader-4/7552-swiss-army-ea-automatic-order-management.html