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Hedge Trade-panel

  • #61
  • Feb 13, 2018 5:50am Feb 13, 2018 5:50am
Quoting Nicholishen
I 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...
@Nicholishen: The best trade Panel I' ve ever seen! Thank you
  • #62
  • Apr 5, 2018 12:50pm Apr 5, 2018 12:50pm
Quoting Nicholishen
In case anyone is interested, here is the logic for reconciling all hedged positions as netting....
Thanks for this one
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #63
  • Edited 5:15pm Apr 5, 2018 3:47pm | Edited 5:15pm
Quoting Nicholishen
In case anyone is interested, here is the logic for reconciling all hedged positions as netting. void ReconcileHedgeOrders() { for(int i=OrdersTotal()-1;i>0&&!IsStopped();i--) { if(OrderSelect(i,SELECT_BY_POS) && OrderSymbol()==_Symbol && OrderType()<2 && (!m_locked_magic || OrderMagicNumber() == MAGIC) ) { int type = OrderType(); int ticket = OrderTicket(); for(int j=i-1;OrderSelect(j,SELECT_BY_POS);j--) { if(OrderSymbol()==_Symbol && OrderType()<2 && OrderType()!=type && (!m_locked_magic || OrderMagicNumber() == MAGIC) ) { if(!OrderCloseBy(OrderTicket(),ticket))...

Hi Nicholishen,

Just made a script out of your shared code for reconciling all hedged positions as netting...
Warning: Not fully tested.

Attached Image

Attached File(s)
File Type: ex4 FXV_Close-Orders-On-Chart.ex4   199 KB | 788 downloads


regards...



For noobs: put the script under " /MQL4/Scripts" folder
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #64
  • Apr 6, 2018 9:18am Apr 6, 2018 9:18am
Sorry for the newbie question.
I didn't understand what mean "reconcile" "netted"?
Let say for example I have 1 lot buy and 1 lot sell.
What will be the result of the EA and script for closing all trades?
Thanks
  • #65
  • Apr 6, 2018 12:31pm Apr 6, 2018 12:31pm
Quoting Merka
Sorry for the newbie question. I didn't understand what mean "reconcile" "netted"? Let say for example I have 1 lot buy and 1 lot sell. What will be the result of the EA and script for closing all trades? Thanks
Netted - Orders that are technically closed in net position, but still show up as open (and separate) orders on the platform. Example: order1: buy 1 lot [in], order2: sell 1 lot[out]

reconcile - send the closeby command to the broker server to tell it to reconcile the netted orders as one position [in,out] rather than two separate positions.
  • #66
  • Apr 11, 2018 4:29pm Apr 11, 2018 4:29pm
Quoting Nicholishen
{quote} Netted - Orders that are technically closed in net position, but still show up as open (and separate) orders on the platform. Example: order1: buy 1 lot [in], order2: sell 1 lot[out] reconcile - send the closeby command to the broker server to tell it to reconcile the netted orders as one position [in,out] rather than two separate positions.
Thanks Nicholishen

Your trade panel is suitable for only intraday trades or is useful also for trades carried over some days?
I use Oanda and I'm changed only the spread + rollover fees because my trades last 3 or 5 days on average so I'm trying to understand if "OrderCloseBy" is useful in my case.

Thanks
  • #67
  • Apr 11, 2018 8:58pm Apr 11, 2018 8:58pm
Quoting Merka
{quote} Thanks Nicholishen Your trade panel is suitable for only intraday trades or is useful also for trades carried over some days? I use Oanda and I'm changed only the spread + rollover fees because my trades last 3 or 5 days on average so I'm trying to understand if "OrderCloseBy" is useful in my case. Thanks
Ordercloseby only works on a broker who allows hedging and I don't think that Oanda offers any hedging accounts.
  • #68
  • Apr 11, 2018 10:20pm Apr 11, 2018 10:20pm
Quoting Nicholishen
{quote} Ordercloseby only works on a broker who allows hedging and I don't think that Oanda offers any hedging accounts.
Sorry I forgot to mention that I have an hedge account with Oanda.
  • #69
  • Apr 11, 2018 10:56pm Apr 11, 2018 10:56pm
Quoting Nicholishen
I 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...
Have you thought about automating the entries?
  • #70
  • Apr 12, 2018 1:49am Apr 12, 2018 1:49am
Quoting carddard
{quote} Have you thought about automating the entries?
This isn't a system or a strategy, it's a tool to assist manual traders with making smarter positions.
  • #71
  • Apr 24, 2018 1:46pm Apr 24, 2018 1:46pm
Hi Nicholishen

I'm trying your tool on Oanda Hedge demo account but it look like is not working as per pictures below.
Do you know why?
Thanks
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Untitled 24-04-2018.png Size: 66 KB
Click to Enlarge Name: Untitled 1 24-04-2018.png Size: 77 KB
  • #72
  • Apr 24, 2018 3:24pm Apr 24, 2018 3:24pm
Have you tried with other brokers (if you have any)? Worked on my hotforex platform, there could be an installation problem
  • #73
  • Edited 4:27pm Apr 24, 2018 3:35pm | Edited 4:27pm
Quoting available
Have you tried with other brokers (if you have any)? Worked on my hotforex platform, there could be an installation problem
Hi
I'm wondering if the problem is related to be a demo account.
I will try on other brokers as well.
Your hotforex account is it demo or live?
Thanks

Update: Just opened a hedge demo account on "XM" and all is working properly
  • #74
  • Apr 25, 2018 11:44am Apr 25, 2018 11:44am
This tool uses hedging, and as such will not work with a broker that does not allow hedging, ie. Oanda et al.
  • #75
  • Apr 25, 2018 1:13pm Apr 25, 2018 1:13pm
Quoting Nicholishen
This tool uses hedging, and as such will not work with a broker that does not allow hedging, ie. Oanda et al.
My Oanda account is definitely an hedge account as you can see from picture I have buy&sell trade opened at the same time and on the same instrument.
I don't know why is not working on Oanda but likely is working on XM that offer a higher leverage of 500:1 as well.
Thanks for your tool.
  • #76
  • Apr 25, 2018 10:13pm Apr 25, 2018 10:13pm
any one can help me with working one thanks
  • #77
  • Aug 5, 2018 11:16pm Aug 5, 2018 11:16pm
Quoting Nicholishen
I 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...

awesome tools...mind to share mq4 ? thanks
  • #78
  • Aug 6, 2018 6:19am Aug 6, 2018 6:19am
Quoting f3n_dy
{quote} awesome tools...mind to share mq4 ? thanks
I would share the source as long as you promise to openly share any modifications you make, deal?
  • #79
  • Aug 6, 2018 6:21am Aug 6, 2018 6:21am
Quoting Nicholishen
{quote} I would share the source as long as you promise to openly share any modifications you make, deal?
Deal!
  • #80
  • Aug 6, 2018 8:48am Aug 6, 2018 8:48am
Quoting Nicholishen
{quote} I would share the source as long as you promise to openly share any modifications you make, deal?
ok deal...i am not a coder..but i have some idea..if you think its good..lets develop it
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