1 Topic by zenoni (edited by zenoni 2009-11-28 11:12:08)

  • zenoni
  • zenoni
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  • Registered: 2009-10-25
  • Posts: 339

Topic: Breakeven stop-loss for FSB & FST

I have a litte feature request. Please could you develope a breakeven stop-loss feature.

Parameters:

- Stop-loss: 50
- Take profit: 100
- Breakeven stop-loss: 30

This may work in such a way that if I set initial stop-loss at 50 pips and take profit at 100 pips and the position is going to be profitable e.g. position have 30 pips in profit then the FST/FSB will move the stop-loss at breakeven (opening price).

In this way the losses will be limited and the trading will be more profitable.


*************************************

Breakeven trailing-stop will be a bit more profitable.

- Stop-loss: 50
- Take profit: 100
- Breakeven trailing-stop: 30

If the position will reach a 30 pip in profit then the trailing stop at 30 pips will be put at breakeven. No more loss, only profits.

  • Popov
  • Popov
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  • Registered: 2006-11-30
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Re: Breakeven stop-loss for FSB & FST

I'll add Breakeven Stop to FSB and FST later.

For now you can add this to the expert alone.

Something like:

SetBreakevenStop(symbol)
{
    int breakeven = 60;

    if (long position)
         if (bit - posOpenPrice >= breakeven * point)
              if (posSL < bit)
                  set SL to bit;

    if (short position)
         if (posOpenPrice - ask >= breakeven * point)
             if (posSL > ask)
                 set SL to ask;
}


Call this at line 262 below  AdjustTrailingStop(symbol[0]);

Popov's Website

  • Registered: 2009-12-13
  • Posts: 40

Re: Breakeven stop-loss for FSB & FST

Popov wrote:

I'll add Breakeven Stop to FSB and FST later.

For now you can add this to the expert alone.

Something like:

SetBreakevenStop(symbol)
{
    int breakeven = 60;

    if (long position)
         if (bit - posOpenPrice >= breakeven * point)
              if (posSL < bit)
                  set SL to bit;

    if (short position)
         if (posOpenPrice - ask >= breakeven * point)
             if (posSL > ask)
                 set SL to ask;
}


Call this at line 262 below  AdjustTrailingStop(symbol[0]);

i agree with zenoni; this feature is very important in trading. its the essential of my trading system. hope to hear you soon because i dont know programming and to use expert.

thanks..

  • Registered: 2009-11-16
  • Posts: 46

Re: Breakeven stop-loss for FSB & FST

Popov,

Where exactly should we paste the 'SetBreakEven' line codes in the FST Expert ?
(see pic)

Thanks.

Alain

http://s3.postimage.org/9IXIr.jpg

  • Popov
  • Popov
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Re: Breakeven stop-loss for FSB & FST

I just published a newer version of FST with some major changes in the expert.
I'll test a Break Even patch and I'll publish it in two-three dais in this forum thread.

Popov's Website

  • Registered: 2009-12-13
  • Posts: 40

Re: Breakeven stop-loss for FSB & FST

Popov wrote:

I just published a newer version of FST with some major changes in the expert.
I'll test a Break Even patch and I'll publish it in two-three dais in this forum thread.

Great news Popov. I just found this amazing software yesterday and working on strategies for 2 days without sleep. Its a great stuff. I'm impatiently waiting for the patch to try my real strategies. Thanks and good luck..

  • Registered: 2009-12-13
  • Posts: 40

Re: Breakeven stop-loss for FSB & FST

doncello wrote:
Popov wrote:

I just published a newer version of FST with some major changes in the expert.
I'll test a Break Even patch and I'll publish it in two-three dais in this forum thread.

Great news Popov. I just found this amazing software yesterday and working on strategies for 2 days without sleep. Its a great stuff. I'm impatiently waiting for the patch to try my real strategies. Thanks and good luck..

Also It will be good if there is a feature to move s/l not pip by pip but according to a size of movement, like for example; if trade goes 200pip in your favor move s/l +40pips and if it moves another 200pip move another +40

Those features would make trading really easy.

Peace to all...

  • Registered: 2009-11-16
  • Posts: 46

Re: Breakeven stop-loss for FSB & FST

Popov,

Great !!!

Thanks for your super work  and dedication ... as usual !

Awaiting for your patch ...

Alain

  • zenoni
  • zenoni
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Re: Breakeven stop-loss for FSB & FST

I'm also very eager to get the breakeven patch  smile

  • Registered: 2009-12-13
  • Posts: 40

Re: Breakeven stop-loss for FSB & FST

Hi Popov,

I saw that there is break-even stoploss feature for FST. Is it possible to use that feature in FSB also?

  • Popov
  • Popov
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  • Registered: 2006-11-30
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Re: Breakeven stop-loss for FSB & FST

doncello wrote:

I saw that there is break-even stoploss feature for FST. Is it possible to use that feature in FSB also?

Breakeven Stop is not available as an indicator in FSB and in FST. It's only included in the MT4-FST Expert Advisor.

Popov's Website

  • Registered: 2009-12-13
  • Posts: 40

Re: Breakeven stop-loss for FSB & FST

Popov wrote:
doncello wrote:

I saw that there is break-even stoploss feature for FST. Is it possible to use that feature in FSB also?

Breakeven Stop is not available as an indicator in FSB and in FST. It's only included in the MT4-FST Expert Advisor.

Its sad  smile