Hello,
Can I ask one of the coding wizards in this Forum for a overtrading indicator similar to this prototype?:
Checking the closed trades in Account History for the last 24 hours (this can be user selectable), when one or more of the limits are reached, a "STOP TRADING, YOUR xxx LIMIT HAS BEEN REACHED" message would be displayed. (I don't know if open trades can be used too)
I think the User Selectable Input should be something like this:
[font=Courier New]
Consolidate P/L=false;
PeriodInHours=24;
MaxTradesPerPeriod=4;
Target$=1000.0;
TargetInPips=100.0;
TargetPerCent=3.0;
MaxLossTrades=3;
MaxLoss$=40.0;
MaxLossPips=30.0;
MaxLossPerCent=3.0;
StopTradingStr= STOP TRADING, YOU REACHED YOUR xxxx LIMIT;[/font]
My coding capabilities in MQL4 are not enough for this task, but I think this indicator can help with one of the biggest sources of failure, at least for me...
Cheers
Francisco
Overtrading Indicator Prototype
Moderator: moderators
Overtrading Indicator Prototype
Last edited by frang0nve on Mon Dec 21, 2009 10:53 pm, edited 1 time in total.
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- TheRumpledOne
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It's not for me TRO but for a very very close friend
Well, I can install it in my charts just for fun...
Your indicators help me to know when to open a trade and they can help me to know when to stop trading.
Pencil? Paper? they are not sexy. This is XXI century!
I think that something in the screen telling you that you are reaching the limits of your plans is not really a bad idea... and just happens to me that I never find a pencil when i need it.
Cheers
Francisco
Well, I can install it in my charts just for fun...
Your indicators help me to know when to open a trade and they can help me to know when to stop trading.
Pencil? Paper? they are not sexy. This is XXI century!
I think that something in the screen telling you that you are reaching the limits of your plans is not really a bad idea... and just happens to me that I never find a pencil when i need it.
Cheers
Francisco
Hi vladv,
I'm sorry but I've just had the functional idea, and I was trying to find a more expert MQL4 programmer to code it .
But TRO looks not too interested... Perhaps someone else can help us.
I'm currently programming it in Codeless LimnorStudio platform, first version with manual data entry, and then I envision a second versión with automated data entry from Oanda.
Cheers
Francisco
I'm sorry but I've just had the functional idea, and I was trying to find a more expert MQL4 programmer to code it .
But TRO looks not too interested... Perhaps someone else can help us.
I'm currently programming it in Codeless LimnorStudio platform, first version with manual data entry, and then I envision a second versión with automated data entry from Oanda.
Cheers
Francisco
Last edited by frang0nve on Sun Dec 20, 2009 7:59 pm, edited 1 time in total.
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- TheRumpledOne
- rank: 10000+ posts
- Posts: 15561
- Joined: Sun May 14, 2006 9:31 pm
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- Location: Oregon
- Real name: Avery T. Horton, Jr.
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- Contact:
While I get working something more advanced, you can try this excel tool (Beta):
I have another version that I use in my Nokia 9300 cellular. If you have interest I can post it too.
If you find bugs, or you make improvements, please post in this thread.
Cheers
Francisco
I have another version that I use in my Nokia 9300 cellular. If you have interest I can post it too.
If you find bugs, or you make improvements, please post in this thread.
Cheers
Francisco
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- Overtrading_V0.95.xls
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