GrabMyOrders Introduction

About the EA:

The GrabMyOrders EA only manages trades that have been placed manually. Read below for information about how that may be useful.

A friend of mine pays for a service that allows him to get daily trade suggestions. I will not discuss what it is since it's not the main reason behind this thread and I'm not advertising for anyone here. Everyday at 5:00pm (Eastern) he checks the website and looks to see which pairs are Long and which are Short. As part of this service, the website also gives suggested take profits and stop losses. He would then have to manually figure out where he could actually buy or sell and the adjusted take profits and stop losses (pain in the butt).

He has been keeping track of how far into profit each of these trades go before turning to hit a potential stop loss and has found if he ignored their suggested take profit and stop loss he would be profitable. He would accomplish this by setting a take profit of 20 and stop loss of 25 and buying or selling in their suggested direction. Doing something as simple as this would have bagged him roughly 2,800 pips on 16 pairs over the last 27 days. This is done simply because their direction is right more than not and he's not looking for many pips and stops are tight.

So to make a long story short he wanted a way to simplify the task which is why I wrote him this EA.

• Orders that have been placed manually are grabbed by their order comment and managed


• Allows up to 5 orders to be configured with the following parameters
  
  
  
  • Comment to look for
  
  
  • Take profit
  
  
  • Stop loss
  
  
  • Break even (when x profit achieved then move stop loss to break even)
  
  
  • Trailing stop triggered (x pips positive triggers the trailing stop)
  
  
  • Trailing stop amount (trail current order by x pips)
  
  
  
  


• Sends e-mail of current status and history


• Chart display of profit/loss history

Special notes:

• It is extremely important that MT4 run all week with the charts open and EA attached. No EA can do its thing unless everything is running. That's why you have an EA to trade for you.


• Currently supports all brokers


• To obtain a copy of this EA for Live/Demo use, please click here.

For the most up-to-date information about this Expert Advisor and others, please click here.