Yes, this will be able like now.

The main purpose of this separation will be to take out the different stops from the indicator slots and to make them available as alternative exits.
For example Trailing Stop. Now we cannot use some indicator exit and a Trailing Stop.
This field will give possibility of fine tune of the exit. Something like:

Stop Loss [Fixed   ]  [Relative ]  [value] in  [Pips     ]
          [Trailing]  [Permanent]              [Currency ]
                                               [% Account]

Take Profit [Relative ]  [value] in  [Pips     ]
            [Permanent]              [Currency ]
                                     [% Account]
                                     
Break Even [value] in [Pips     ]
                      [Currency ]
                      [% Account]

Where:
"Relative" - the stop will be reset at every adding. (like now)
"Permanent" means that the stop loss will be sat at opening of the position and not changed on adding.

It will be also available to set stops in dollars or euro, or in % of the current account.

It's possible also to add Day closing and Weekend closing there as a separate exit rules.

Stop Loss and Take Profit will be included in optimizer.

I have been waiting for a long time of these features

Exit rules are even more important than entry rules. Different exit rules combined with money management are the keys to make money and protect capital in the long run. Logical groups and break-even was a great improvement, but these features will take the whole thing into the next level.

Please could you also make the Parabolic Sar indicator available as a Closing Logic Condition. Currently it is only available as a Closing Point of the Position.

I wonder if it would be possible to create a setting which could govern the number of trades in a 24 hour period.

I feel that may be quite beneficial.

I feel that allowing some access to number of deals per day will allow people to make a tighter result. ie have a steady number of transactions as opposed to a small one today and a huge trade a couple days later.

Perhaps this would give people a better control, especially people working on the smaller time frames who look to fast trades with small take profit.

Thanks for considering this.

Hello everyone,
I'm totally new to this whole strategy-automizing thing and also to this forum. Just wanted to let you know how much your work with setting up this program for free is appreciated.

p.s. by when do you think your improvement with martingale and stuff is going to be implemented? - sounds   
      great to me 

greets from Germany,

ck1981

How is this coding progressing?

Yes, I downloaded the new version but there were no changes to the exit rules as far as I can see. I cannot code to save my life but am happy to contribute what I can.

The most important thing I would like to see is an alternative close separate from the main logic so that the position is always closed at the end of the week to avoid the weekend gap. At the moment I have many strategies that look good but I have to manually look at the results to see if they are as a result of the price gap in the direction of the trade over the weekend. This is very time consuming and doesn't really lend itself to optimisation.

In these volatile times the mere thought of holding a position over the weekend gives me sleepless nights. All we need is for the US to start bombing Iran, or the Italians to default on their sovereign debt one weekend and Monday morning my position could be 2500 pips light. The most important aspect in forex trading is defining and limiting risk. I know many traders will say that the weekend gap is not important because on average you will win just as many times as you lose. That may be true but you only need one Black Swan event to blow up your account and I see the weekend gap as a Black Swan in waiting. I could still be caught during normal trading times but my stop should always save me the worst of the pain even if there is a lot of slippage.

This thread explains exactly what would be needed:-

http://forexsb.com/forum/topic/2541/trailing-stop-limit-but-always-close-at-the-end-of-the-week-regardless/

I have tried building strategies based on the week close as exit by locking in the slot but they always fall way behind other exit strategies like a trailing stop.

So to summarise, an alternate close at the end of the week that works in parallel to the strategy closing logic would be much appreciated.

Thanks

Hi Krog
That is most interesting and opens up a lot more possibilities. A Trailng Stop is not always the best way to exit and maybe the option to close at the end of the week will be more fruitful when used with a different closing strategy. I have just set it up as a second logic slot with Bar Closing to give Bar Closing AND Day of week exit.  I will do some more testing on it and revert back to you. Thanks.