Trade Manager

[Johnedoe]

Here is TM on CL..... With log and the settings used.
Don't have a clue how it arrived at this ....lol

 

[Johnedoe]

YM seems to work on points but then the YM is a point structured indicie anyway... $5 a point.
Also the study log at the bottom.

Anyway I hope this helps and if I can be of more assistance even with my limited skills let me know.
Thanks for looking into this, I still think MotiveWave should be doing the lions share on getting this fixed.

 

[Spin]

Hello to all those following this thread.

I have made a next 'debugging'-version that tries to remediate this 'Points vs Ticks' issue.
BE ADVISED: this version only tries to fix the 'Exits', not yet the 'Breakeven' or 'ATR Stop' (let's find out first whether I'm on the right track here )

The 'TradeManager_VB6_V2' will output some info to you Study log:



You are then kindly asked to input the "Point to Tick ratio" under a new heading in the TradeManager's menu:


And then you can enter the amount of TICKS (no longer Pips) under the 'Exit'-heading:



It seems to work as far as I can see, but I'm facing an irritating issue here: my broker only offers Forex and a few Indices, so I can not test with Futures and the like. So, @Johnedoe, since you are a proficient tester and a fast reply-er, I am sending you this test version in a PM. Please take it for a testdrive and let me know what works / doesn't. Thank you in advance !

 

[MotiveWave_Joe]

@MotiveWave_Joe
Hi Joe...
Could you please send the Trade Manager Strategy that uses Ticks instead of Pips?

Hi,

Our latest 6.2.4 update now features ticks as an option in the Trade Manager:

 

[Johnedoe]

I have been doing some simulated trade tests on the updated Trade Manager...
This appears to have fixed the problem I was having regarding the TP and SL size.

Preliminary tests show proper tick TP and SL size. At least on the ES.....

I will check CL, YM, and others later.

A Huge Thank You Joe.......

 

[Johnedoe]

OK.....
Just tested the CL and YM.
CL used to have a HUGE discrepancy in TP SL exit sizes.
Your update has fixed that to properly reflect ticks.... TP and SL are now accurate in CL.

YM is good also.

Thank you again for getting this fixed.
Trade Manager is a great scalping tool and in combination with Renko or Range bars it is very effective.

Best regards to all.

 

[Spin]

Darn ! They beat us to it @Johnedoe

Glad it's fixed !

Thank you MW-crew @MotiveWave_Joe

 

[Johnedoe]

Thank you for all your hard work on this Spin......
It has not gone unappreciated.

Best regards.

 

[MotiveWave_Joe]

roger that.....thanks Spin for all your contributions....always appreciated....

 

[Johnedoe]

I just finished a quick test of the updated TradeManager on Oanda ....
And the pips selection is accurate ....
Congratulations guys and kudos to ya.

 

[Spin]

@MotiveWave_Joe: Will you be making the "new TradeManager's" code available for us, SDK-tinkerers ?