Expert advisor execution on ECN accounts | Forex Factory

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Expert advisor execution on ECN accounts

  • #1
  • First Post: Aug 20, 2012 7:14am Aug 20, 2012 7:14am
hi

i have an expert adviser which works correctly in any standard account , but when i attached it to my ECN account , it didnt work , is there anyone familiar with this sort of problem and the solution ?
seems that the difference between ECN and STANDARD account is in the order execution process. in ecn accounts , it is ((sell by market)) and ((buy by market)) while on standard accounts its just ((sell)) and ((buy)).

thanks for your kind help and guide .
  • #2
  • Aug 20, 2012 7:21am Aug 20, 2012 7:21am
I think that you will find that with the ECN accounts you need to place the BUY/Sell orders first and then modify those orders for the TP/SL and not try to do both at the same time.

M.
If you think I'm mad, I must be mad
  • #3
  • Aug 20, 2012 7:27am Aug 20, 2012 7:27am
Thanks for the comment, but im using an ea which does not set any orders and waits for break outs and then sends a request for direct buy or sell . Because sometimes there is no shadow or not enough space to set orders ( because broker will not allow you to set it ) .
So the only solution is to find the difference between order execution on standard and ecn accounts.
  • #4
  • Aug 20, 2012 7:32am Aug 20, 2012 7:32am
Futurespec is right. Your EA sounds like it's placing market orders when it detects a breakout, correct?

ECN brokers require that the order be actually filled first (even market orders), then modified with SL and TP values after that.
You are in a maze of twisty little passages, all alike.
  • #5
  • Aug 20, 2012 7:33am Aug 20, 2012 7:33am
Sorry but know of know of no other reason.
Perhaps some other kind soul can shed some light here?
If you think I'm mad, I must be mad
  • #6
  • Aug 20, 2012 7:44am Aug 20, 2012 7:44am
Quoting stevegee58
Futurespec is right. Your EA sounds like it's placing market orders when it detects a breakout, correct?

ECN brokers require that the order be actually filled first (even market orders), then modified with SL and TP values after that.

thank you for your kind attention , as i mentioned before my ea just send instant execution orders like sell or buy , and not pending orders like buy stop or sell stop .
  • #7
  • Aug 20, 2012 7:44am Aug 20, 2012 7:44am
Quoting futurespec
Sorry but know of know of no other reason.
Perhaps some other kind soul can shed some light here?
thanks again futurespec . i hope so .
  • #8
  • Aug 20, 2012 7:51am Aug 20, 2012 7:51am
once again looking at the picture i think the difference is between the method of execution between standard and ecn accounts.
Attached Image (click to enlarge)
Click to Enlarge Name: execution.JPG Size: 39 KB
  • #9
  • Aug 20, 2012 7:52am Aug 20, 2012 7:52am
Quoting deathgod_ir
thank you for your kind attention , as i mentioned before my ea just send instant execution orders like sell or buy , and not pending orders like buy stop or sell stop .
Your instant execution orders can't have SL or TP on them. That's the problem.
You are in a maze of twisty little passages, all alike.
  • #10
  • Aug 20, 2012 8:06am Aug 20, 2012 8:06am
you mean the expert must take the position at first , then after opening the position it should set target and stop loss of the position in market execution mode?
  • #11
  • Aug 20, 2012 8:16am Aug 20, 2012 8:16am
Quoting deathgod_ir
you mean the expert must take the position at first , then after opening the position it should set target and stop loss of the position in market execution mode?
Exactly. Opening any position is a 2 step process on ECN brokers. First open the position with no SL/TP, then modify the trade after it fills.
You are in a maze of twisty little passages, all alike.
  • #12
  • Aug 20, 2012 8:21am Aug 20, 2012 8:21am
Try posting the section of code that actually places the order.
If you think I'm mad, I must be mad
  • #13
  • Aug 20, 2012 8:42am Aug 20, 2012 8:42am
Quoting stevegee58
Exactly. Opening any position is a 2 step process on ECN brokers. First open the position with no SL/TP, then modify the trade after it fills.
thanks i will try to transfer this to my EA developer and inform you the results.
  • #14
  • Aug 20, 2012 8:44am Aug 20, 2012 8:44am
Quoting futurespec
Try posting the section of code that actually places the order.
there is no order placement in the ea , it just sends direct sell or buy requests and as mr stevegee said , seems that the ea must include to different executive sections , one to take the position and the second one to modify the sl and tp .
  • #15
  • Aug 20, 2012 8:45am Aug 20, 2012 8:45am
I use 7bit's common_functions.mqh in my EAs. It takes care of the ECN broker handling problem as well as many other mundane tasks that people hand code over and over again.
You are in a maze of twisty little passages, all alike.
  • #16
  • Aug 21, 2012 12:30pm Aug 21, 2012 12:30pm
Quoting stevegee58
I use 7bit's common_functions.mqh in my EAs. It takes care of the ECN broker handling problem as well as many other mundane tasks that people hand code over and over again.

thanks to you mr steve we were able to solve the problem.
it was just like you said . we had to open the position first then set the tp and other stuff.
i wish i was able to return the favor.

regards
  • #17
  • Apr 21, 2023 9:18am Apr 21, 2023 9:18am
hello all: I would like to know how to find the number of tickets, the purchase price and the volume I bought
I am using:
trade.SetExpertMagicNumber(MagicN);
if(!trade.Buy(Lotti,NULL,ASK,SL,TP, EA_name);
else{
Ticket= trade.ResultOrder(); // I memorize Ticket
open = trade.ResultPrice(); // I memorize open price}
and to know the lots I use the function:
PositionsTotal()>0

the problem that on FPmarket (ECN broker) in demo everything works but not on real because the number of lots is always 0 and also the open price is 0.
thank's in advance
  • #18
  • Last Post: May 1, 2023 9:36am May 1, 2023 9:36am
sorry...any news?

Am I the only one having this problem? am i the only one using ea with FP?
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