Thanks Popov for your explanation. 

Forgive me if I still don't fully understand you thoroughly.  And I'm not sure whether I was clear in my earlier question whereby you also understood my correctly.

From your explanation, group 1 indicators are conditions that may not be reached?  Such as BB, Pv Pt, etc?
And group 2 indicators are "fix" because most of them are calculated based on close price?

Since in the group 2 closing condition, we can choose to create various closing conditions and group them under option (a), (b) n (c) ...etc

Can we then use a more "dynamic" closing condition instead of the "fix" closing condition just from the group 2 indicators?

So if these two groups are grouped together, I have the option to choose 4 closing conditions with (a) BB, (b) Pv Pt, (c) Trailing limit stop and (d) my mixture of group 2 indicators.

With these 4 closing options, wouldn't the situation whereby you mentioned if the BB didn't reached, the trade will still be kept opened be prevented?  Because if option (a) didn't reached, we still have option (b) and (c) and (d), surely one of these options can be reached right, can't be none of these be reached at all times?  Since (d) is the fall back plan whereby it is "fix" based on the group 2 indicators, then we have a more fluid and dynamic closing conditions that incorporate the benefits of these 2 groups of indicators.

It's very assuring that you emphasis on solid strategy reasoning.  As for me, I'm just trying to stretch all possibilities and see how we can maximize potential without compromising stability.  I wish the above request can be done in such a way without compromising stability but yet offers the most flexibility out of the system to trade in a volatile market.

Hannahis

You are making some very interesting points.

As Footon says some illustrations would be helpful.

I am pretty suire that many readers will be interested in this duscussion.

Thank you for sharing your concerns.

daveM

Group 2 closing indicator options

I think you would like all of the closing options combined into one group so that you could have several 'OR' options....

So you could set a fixed value for take profit or stop loss, and also have a few different lines that you could exit at.....

In other words, have available something like ten different options including the fixed numbers.

We might as well include the ability to optimize by time frame in that bunch, for example you may be working on a 60 minute chart but want to exit when a 15 minute chart gives a signal.

I think that the program would need a rewrite for these to be possible. Well, perhaps only the indicators have to be restructured.

I definitely understand the flexibility that you want.

daveM

Hi Popov,

To follow up on our discussion, I'm curious to know whether by any chance my suggestion will be taken up by the software development team to consider the possibility of working on the various closing option?  Or this suggestion would just be another topic to put aside?

I see a lot of potential in the dynamic closing condition, however I don't have any software background to understand how possible and or the difficulties behind it and whether if this suggestion would be taken up, how soon or long would it be incorporated in the future software update? 1yr later or 1 month?

Do you think this suggestion is worth looking into it, or do I give up the idea or dream of ever having such possibility and end this discussion thread?

check this thread.

I think Popov has said we can create indicators to go into each area..... and that will meet your request.. (and mine also)

Thanks DaveM for your info and joining with me for the same hope

Hi DaveM

I look at the discussion too and it was way beyond my understanding.

I share the same sentiments too about the original purpose of FSB Pro, that's for people with no programming knowledge to execute their strategies without the need for extensive programming knowledge.

Well, I do hope Popov pick up our suggestion here to develop a more dynamic closing conditions...hopefully more people who read this discussion, can join in to express their interest and support too

Meanwhile, just have to hope and wait and see whether Popov's plate is not too full with other demands so that he will give this suggestion a closer look and consideration.

Thanks DaveM for walking with me in this journey, otherwise I thought I'm the only person who has such a dream.  Appreciate your support.

Regards
Hannah

What scientific programming approach?

Popov,

If we have more dynamic closing conditions, we would have more options if (a) didn't reached, there are (b) closing option and lastly the "usual" option as what the current FSB Pro is functioning.  Hence, we can reduce your concern mentioned above and if the position stay open, then it's the discipline of the trader to implement SL, BE and TP, there can't be a position that can remain open "forever" unless it is accumulating floating profit (then it's a good problem but margin call etc would have terminate a trade one way or another), if that's the case, then I wonder whether the trader has any trading strategy to start with.

Often, in real market conditions, there are "spikes" or sudden huge fluctuations and then things return back to "normal" again.  Or there is a sudden downtrend etc.  With dynamic closing features, our EA have a "better" performance because it is "flexible" to respond to different closing conditions.  Currently, if I use trailing stop loss, then I have to "give up" using my own closing conditions.

I do really wish you would consider the dynamic closing conditions to be a future FSB Pro features.  It would make our EA more robust and FSB Pro a top notch programme unmatched by others (as it is already an outstanding one to begin).