Hunting for an MT4 script to do this now.
If I can find one, will be a happy man indeed.
This capability may be built into MT4. Type MT4 conditional orders into u tube and see if it doesnāt come up.
Canāt access youtube from work unfortunatly, as itās a restricted site. I have found an EA that automatically moves trades to BE, but I would still need to enter each of the 5 lots individually.
When I get home Iāll have a hunt on youtube for an MT4 vid. As you say, there may very well be this option built into the system.
Fingers crossed, as less trade management means less susceptability to getting an itchy trigger finger, which could lead me to closing the trade early.
Yes, you can definitely enter a number of buy stop or sell stop orders with their own SL and TP values (in MT4).
An EA script will do the same thing - but itās not really worth it seeing as itās so simple to set up a number of orders and let them run while you are away.
I may work on an EA to do this in my spare time, but it will have to be a low priority task Iām afraid.
The important point is to make sure all conditional orders are cleared out of your account after the trade is over. Otherwise, you can wake up and be many pips down when you didnāt even intend to trade. If you have problems with this, call your broker customer service and tell them you want to speak to the MT4 guru about conditional orders.
Happy Trading
Until I test out some things, look for BB DNA enrties in 30M, 1H and 4H TFās to get more trades. 15M usually just doesnāt trend long enough. Also add more pairs to your scan, like 12 or 14. There is a shortcut method that I use during the week while Iām trading and donāt have time to do detailed analysis on the fly. If the angle of the mid BB above and below the TF I am trading in is in the dirrection of my trade, Iāll take a BB DNA trade. Itās really fast. Not quite as accurate, but good enough if you do the detailed analysis each weekend. Try it in demo.
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If you are willing to accept a few more stopouts, I can show you how to get lots more trades. Itās something you could try in demo I suppose. Iām uncomfortable with it though as it isnāt as well tested as the other things weāve discussed.
Aye, setting up multi lots manually is easy enough. I think Iāll be happy to do things this way for a long while anyway.
What Iāve done is download the sound of an old WWII air raid siren in .wav format. I have this coupled to an alert this is triggered whenever the PA hits a TP or SL. It means I can be away from the computer, but hear that an event has occured that needs my attention.
Donāt code an EA to trade multi lots on my behalf Ironheart. If I can find one pre-programmed online somewhere Iāll use it, but if not it really wonāt be a problem. 
Great! Can you explain this to RenaLA when she comes back in. It was her request that started us looking for this.
There are many shortcuts that yield more trades, but all at the cost of more stopouts. Another shortcut to MTFTT is to only check the timeframe above the TF you are taking the BB DNA entry in and clear the entry if and only if the mid BB is headed in the direction of your trade. Thatās about as short as it can get. Youāll get a few more stopouts, but many more trades.
If you want still more trades, I canāt advise this because Iām still testing it myself in a separate demo, but you can demo test it. Just go back to Tymenās simple entry method. that is, after the extreme candle penetrates the BB, take entry on the first candle closing that pulls free from the BB. Youāll get eaten alive on this though if you donāt at least require the mid BB trend on the TF above to be in the direction of the trade.
DO NOT LIVE TRADE ANY OF THESE SHORTCUTS WITHOUT DEMO TRADING THEM FOR A LONG PERIOD OF TIME FIRST.
You will get more stopouts. I can promise that.
Graviton, One question I want to ask. In reading your analysis of charts from monthly on down and deciding to make an entryā¦what I donāt quite have yet is how you come to pick a certain timeframe to make your entry. On one you said to wait for a bounce of the lower BB of the 5M. Another watch the 15M for an entry. Another was 1H. Is there a way to explain how you choose which time frame to base your entry on? Is this something that comes with lots of expeirence and canāt be explained. Are the sceneros so varied and different that there are no hard and fast rules?
Generally, the BB DNA should only be used on 30M time frames and above. You need to have a long enough time frame for a good trend to make it worth trading. But, in my system, we look at trend strength also.
In the most extreme case, every trend is in one direction, as every trend on usdjpy was up. Every time Iāve ever seen this happen, the pair moved up. Iām sure there are exceptions, but itās a very high probability long trade. I made 60 pips on it right after the open. This being the case, I called it an enter on any retracement trade.
Next down the trend ranking list was the GBPUSD, which looked very strong, just not quite as strong as the usdjpy. I said it needed a M5 retracement. Now I donāt trade M5, but It was so strong that any retracements were likely to be short lived, so if you had to wait for a longer TF for entry, you would probably not get into the trade at all. I took the trade right after the open and made 40 pips.
For the others, I waited for better entries, some I got, and some never offered me an entry. So the answer is yes, the more you use this system, the easier it is to say what kind of retracement you want for entry. To start though, only take 30 minute TF or better BB DNA entries. Those will offer the best trends to follow.
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Graviton, See if my logic is correct here. USD/JPY 6 TF. W & D clearly uptrend. Drop to 30m & see a BB DNA entry on retracement. Drop to 15 M see a 3 pip better entry. Take it and use 5 lot system.
hi Graviton,
I am in London as well as US time sessions
Can I just simply place the orders every 15 pips ahead?
Unrepipant
The price is in a sausage bb walk down on the 1Hr and 30M chart. This looks like a little retracement of a stronger trend up on the daily chart. Problem is, who knows how far down it will walk and how many head fakes it will give before it really returns back to the uptrend? The hourly chart shows 7 seperate extreme down candles, so picking the right one that will return back to up-trend is low probability, like 1 in 7. So no, I would not take this trade. At least not without some further study. This is not a nice smooth BB bubble. If it is a smooth bubble on the 4H chart you might have a trade there. Otherwise I would refer to Tymens rules on sausages. I find his rules to be very well tested.
For London only Iād use 15 pips. For London + NY Iād use 20 pips. These are estimates that might need to be refined a bit depending on the pair and the volitility of the day.
if I understood correctly you prepair your chart before the session with set of TP orders every 15 pips? right?
Graviton, just saw this in another thread and wondered what your thoughts were on the matter?
Do you go along with this thought process, and if so, does it have any impact on your 5 lot system do you think?
Hi cordite,
ask that person, what he thinks about SL and SR levels on the PAās way?
Iām not too sure I understand the question Rena? Do you mean ask them how they will effect his use of 12 candles?
Cord