Is buying precious metals a good way of hedging your investments???
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Disliked{quote} ok deal...i am not a coder..but i have some idea..if you think its good..lets develop itIgnored
Disliked{quote} This isn't a system or a strategy, it's a tool to assist manual traders with making smarter positions.Ignored
Disliked{quote} May I request you to inform which files will go into which folders of mql4. thank you.Ignored
Disliked{quote} Just grab the ex4 from the OP and install into the Experts folder.Ignored
Disliked@Nicholishen I have a question. If I use OrderCloseBy for the 2 orders buy/sell at 113.854 is the net result of the operation zero profit/loss as both orders are opened exactly at the same price? If not, what is the command to reconcile that 2 orders as just 1 order with zero profit or loss? Thanks {image}Ignored
Disliked{quote} Great question, and yes. This will net you a breakeven trade, but you will still pay (1) commission if your broker charges commission.Ignored
DislikedI know, I know... we've all said it before, hedging is f*** stupid because it costs you double in fees, right? Well that's actually not (always) the case. There's a neat little hidden gem in MT that's almost entirely undocumented and almost never used by developers (ever) that's called OrderCloseBy. What this function does is takes hedged orders and reconciles the transactions as netted. This allows you to do some neat things we'll talk about in a minute, but for now it's important to understand that if you use this method you are not charged double fees since you are instructing the broker server to reconcile the hedge as a netting transaction. eg. Buy 1 lot to open and Sell 1 lot to close. Profit = spread of sell price - buy price. Net commission = 1 lot (not 2). Net Profit = Profit - commission. So why is this important? Well it's about risk management...Ignored
DislikedI know, I know... we've all said it before, hedging is f*** stupid because it costs you double in fees, right? Well that's actually not (always) the case. There's a neat little hidden gem in MT that's almost entirely undocumented and almost never used by developers (ever) that's called OrderCloseBy. What this function does is takes hedged orders and reconciles the transactions as netted. This allows you to do some neat things we'll talk about in a minute, but for now it's important to understand that if you use this method you are not charged double...Ignored