Maximum overkill Close-All script | Forex Factory

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Maximum overkill Close-All script

  • #1
  • First Post: Edited 8:36am Nov 22, 2017 8:15am | Edited 8:36am
The goal of this script is to minimize risk in all situations, especially when the shit hits the fan. This script provides the best and the fastest possible risk mitigation available thru MT4 by utilizing some unique logic not found in any other close-all scripts.

Operation Summary:

  1. Net positions are calculated per symbol (sum of all open trades).
  2. Symbols are prioritized to manage net-positions from larger (more risk) to smaller.
  3. Hedge orders are sent in the order of priority to close all exposure at once regardless of the number of trades.
  4. Once all open-expo is hedged the program prioritizes pending orders
  5. Pending orders are deleted in order of highest risk of being executed
  6. Remaining hedged positions (closed by hedge) are then reconciled on the broker server and there are no costs/spread/commissions charged on the hedge (it is literally treated like a closed position)

Note: This only works on non-FIFO hedging brokers. I have also included a different script that closes orders on FIFO brokers (slowww compared to hedging brokers).
You may also like the Hedge Trade Panel

Attached File(s)
File Type: mq4 FIFO_CloseAll_Options.mq4   3 KB | 1,209 downloads
File Type: mq4 HedgeAccountCloseAll.mq4   7 KB | 1,353 downloads
  • #2
  • Nov 23, 2017 8:40am Nov 23, 2017 8:40am
Interesting, thanks !
  • #3
  • Aug 28, 2018 12:12pm Aug 28, 2018 12:12pm
Very good thanks. But it would be better in the form of EA
  • #4
  • Aug 28, 2018 9:59pm Aug 28, 2018 9:59pm
Dear Nicholishen,

Many thanks again for providing these. I am just wondering, for the brokers that charge upfront full commissions, eg. $7 per lot as soon as the trade is opened and don't charge on close of that trade. If hedging trades are opened, would you still lose the extra commission fee?

Kind Regards,
Tzamo
"Work hard, put in the effort, and follow your dreams..." -Me
  • #5
  • Aug 28, 2018 10:22pm Aug 28, 2018 10:22pm
Quoting tzamo
Dear Nicholishen, Many thanks again for providing these. I am just wondering, for the brokers that charge upfront full commissions, eg. $7 per lot as soon as the trade is opened and don't charge on close of that trade. If hedging trades are opened, would you still lose the extra commission fee? Kind Regards, Tzamo
It's important to understand the difference between closing offsetting orders separately vs. closing them using closeby.

When you close offsetting orders separately: you get charged twice; once for each individual order.

When you use closeby: your platform will show individual orders with separate commissions while they are open, however, closeby sends a special command to the broker server to reconcile the offsetting orders like an options deal. That is, one order was OPEN and the second was CLOSE. It will then be reconciled as a round-trip trade and you're only charged one commission.
  • #6
  • Aug 29, 2018 6:17am Aug 29, 2018 6:17am
What is the difference between HedgeAccountCloseAll.mq4 and HedgeAccountCloseAll__2.mq4?
  • #7
  • Aug 29, 2018 12:18pm Aug 29, 2018 12:18pm
Quoting Jj1357
What is the difference between HedgeAccountCloseAll.mq4 and HedgeAccountCloseAll__2.mq4?
No offense, but the source code is all there and you should be able to run a diff and see for yourself.
  • #8
  • Aug 29, 2018 3:18pm Aug 29, 2018 3:18pm
I do not know what a diff is

Do not you want to tell what the difference is? Are yours.
  • #9
  • Aug 29, 2018 3:46pm Aug 29, 2018 3:46pm
Quoting Jj1357
I do not know what a diff is Do not you want to tell what the difference is? Are yours.
No. I am not interested in taking time to explain it, and I posted the source codes so you can modify it however you want. You can do a diff on the files and spot the changes yourself. If you don't know how to diff you can try here.
  • #10
  • Aug 29, 2018 4:11pm Aug 29, 2018 4:11pm
But what interests me is whether the two are equally reliable.
  • #11
  • Aug 31, 2018 4:59am Aug 31, 2018 4:59am
He does not want to talk about this topic
  • #12
  • Aug 31, 2018 8:04am Aug 31, 2018 8:04am
Quoting Jj1357
He does not want to talk about this topic
I'm happy to talk concepts and theory with you, however, I find your query to be extremely trivial. Even a junior level developer should know how to diff two files, and I just don't feel like using my time to hold your hand through something you should be able to figure out on your own. I'm sorry if that sounds harsh but you are digging through source code, and you should know how to read it before asking questions that you likely won't understand the answers to.

If you have a specific question about the script's operation then please ask it, but I won't be offering classes on how to diff, ITT. Thanks.
  • #13
  • Aug 31, 2018 9:47am Aug 31, 2018 9:47am
Quoting Nicholishen
{quote} I'm happy to talk concepts and theory with you, however, I find your query to be extremely trivial. Even a junior level developer should know how to diff two files, and I just don't feel like using my time to hold your hand through something you should be able to figure out on your own. I'm sorry if that sounds harsh but you are digging through source code, and you should know how to read it before asking questions that you likely won't understand the answers to. If you have a specific question about the script's operation then please ask...
You say: "extremely trivial" and "you likely won't understand the answers to"
I'm not a developer.
I'm not investigating the source code.
I just want to know what is the best script.
And nothing more.
  • #14
  • Aug 31, 2018 10:31am Aug 31, 2018 10:31am
Use the one in the OP.
  • #15
  • Aug 31, 2018 10:42am Aug 31, 2018 10:42am
Quoting Nicholishen
Use the one in the OP.
What is the OP?
  • #16
  • Aug 31, 2018 11:50pm Aug 31, 2018 11:50pm
Quoting Jj1357
{quote} You say: "extremely trivial" and "you likely won't understand the answers to" I'm not a developer. I'm not investigating the source code. I just want to know what is the best script. And nothing more.
Then be nice to someone who is freely sharing the source code of his effort
This shit takes time and effort to develop and test. And you are a complete noob to trading and to forums.

Quoting Jj1357
{quote} What is the OP?
OP = Opening Post i.e. the very first post in the thread. It is also refered to the thread starter/owner
Staying in my lane...
  • #17
  • Sep 1, 2018 6:34am Sep 1, 2018 6:34am
Quoting VEEFX
{quote} Then be nice to someone who is freely sharing the source code of his effort This shit takes time and effort to develop and test. And you are a complete noob to trading and to forums. {quote} OP = Opening Post i.e. the very first post in the thread. It is also refered to the thread starter/owner
I just asked a question!
Surely I am more profitable than you
  • #18
  • Sep 1, 2018 7:58am Sep 1, 2018 7:58am
Quoting VEEFX
{quote} Then be nice to someone who is freely sharing the source code of his effort This shit takes time and effort to develop and test. And you are a complete noob to trading and to forums. {quote} OP = Opening Post i.e. the very first post in the thread. It is also refered to the thread starter/owner
I'm pretty sure this is a sockpuppet account of someone on my ignore list. Welp, they're back on it and won't be trolling my threads anymore...
  • #19
  • Sep 1, 2018 12:32pm Sep 1, 2018 12:32pm
Quoting Nicholishen
{quote} I'm pretty sure this is a sockpuppet account of someone on my ignore list. Welp, they're back on it and won't be trolling my threads anymore...
Yep. The swamp keeps growing with very few good guys left here to interact with.
When I ignore, many times, their buddies circle also go to the gutter :-)
Look around man. Every idiot is popping ex4 just about everyday with no evidence of any track record and noobs are jumping right on it willing to test without even understanding the inner workings of how the code was developed. They will never succeed in life if they depend on someone else to tell them how to trade. It's just a sad state of affairs that forums spread.

Keep up the good work brother. We need more guys like you around here!
Staying in my lane...
  • #20
  • Sep 11, 2018 11:04am Sep 11, 2018 11:04am
This is amazing work by Sir Nico.

Pity traders here do not recognize it.

Here is a small contribution by me.

Close All Pairs button is Sir Nico's super mighty close by hedging script, as a button inside this EA.

Not a coder myself, so I can't clean up my close by EA from the functions I am actively using.

So please ask me not what is this and that. Will not answer a thing.

Reporting and fixing bugs is another story. Will fully cooperate in the bug fixing department.

Haven't really tested all new stuffs in this EA.

Just very grateful to Sir Nico and would like to contribute a little here, too.
Attached Image (click to enlarge)
Click to Enlarge Name: CloseZilla.png Size: 83 KB
Attached File(s)
File Type: mq4 CloseZilla 1.20.mq4   42 KB | 1,054 downloads
Maadik Hugiis. IQ 69.
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