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Hedge Trade-panel

  • #181
  • May 20, 2020 8:18am May 20, 2020 8:18am
Quoting billv
{quote} There is nothing wrong, I changed the name of the MAINTENANCE button The button's function is to close the hedged orders so I gave it a more appropriate name
Great, thanks for you promt replies, much appriciated
  • #182
  • May 20, 2020 9:41am May 20, 2020 9:41am
Quoting billv
{quote} There is nothing wrong, I changed the name of the MAINTENANCE button The button's function is to close the hedged orders so I gave it a more appropriate name
I have few questions please:

1. Does it manage already opened/manual trade , e.g i have started trading and i have few martingale trade in eurusd chart and i put this ea will it hedge the trade/manage it for me?
2. Is there a way we can test its performance on strategy tester to determine a safer settings or its performance.
This ea seams better and unique among other hedge ea's, i hope the above is made possible...Thanks for the hard work , we appreciate.
  • #183
  • May 20, 2020 6:16pm May 20, 2020 6:16pm
I wonder how many people blow their account using this one already
  • #184
  • May 20, 2020 6:37pm May 20, 2020 6:37pm
Quoting kodakwhite
I wonder how many people blow their account using this one already
You should be wondering how you are going to be successful in trading when your attention to detail is so poor.
You have not read the thread, you have no idea what this EA does.
Have a nice day
  • #185
  • May 20, 2020 6:53pm May 20, 2020 6:53pm
Quoting Simonsez
{quote} I have few questions please: 1. Does it manage already opened/manual trade , e.g i have started trading and i have few martingale trade in eurusd chart and i put this ea will it hedge the trade/manage it for me? 2. Is there a way we can test its performance on strategy tester to determine a safer settings or its performance. This ea seams better and unique among other hedge ea's, i hope the above is made possible...Thanks for the hard work , we appreciate.
1. If you are referring to the symbol basket closing function, No I'm afraid it does not at this stage.
However, it could manage open trades if the magic number of the trades, is the same as the one used by the hedge panel.
The magic number of this EA is 676677 so for future trading, if you change you other EA's magic number to this one,
then the symbol basket function of the hedge panel can close your open trades. But it can only manage 1 currency pair at a time
(it has to be the same currency pair as the one used by the trade panel).
However, this function should work for manual trades.
You can also mix manual trades with trades placed by the hedge panel (all of them have to be in the 1 currency pair).

2. No, this is a manual trading panel and as such it does not autotrade.
Have a nice day
  • #186
  • Edited 3:02am May 21, 2020 1:07am | Edited 3:02am
Quoting billv
{quote} This function was implemented to assist me with trade recovery and/or risk management. It has 3 levels of take profit ( TP) and these levels are enabled with inputs SymbolTradesBelongToBasket=true SymbolTradesBelongToBasket2=true SymbolTradesBelongToBasket3=true Input SymbolMinTradesOpenForBasket decides the starting trade number (of open trades) I have set these inputs to 1, 2 and 3 but you can start the TP level from any trade number. Lets say you have set SymbolTradesBelongToBasket=true PercentageOfTrade1ToClose= 50 SymbolMinTradesOpenForBasket...
Bill, I'm in a bad trade and want to use this function. My trades GA magic number is 12345, will it be able to recover trades because trade panel magic is different?

I have 2 EA's on same pair with different Magic numbers running.
In settings I don't see where I can change Magic 676677 to mine 12345 so that Trade panel can take over these trades but another trade panel take over trades Magic number eg.1994...could that be possible Bill?
  • #187
  • May 21, 2020 7:47am May 21, 2020 7:47am
Quoting billv
{quote} You should be wondering how you are going to be successful in trading when your attention to detail is so poor. You have not read the thread, you have no idea what this EA does.
The option is interesting but it's not made for manual trading, it will help automation tbh


Plus can anybody show/record how one trades it successfully with profits?
  • #188
  • May 21, 2020 5:02pm May 21, 2020 5:02pm
Quoting Johannes7
{quote} Bill, I'm in a bad trade and want to use this function. My trades GA magic number is 12345, will it be able to recover trades because trade panel magic is different? I have 2 EA's on same pair with different Magic numbers running. In settings I don't see where I can change Magic 676677 to mine 12345 so that Trade panel can take over these trades but another trade panel take over trades Magic number eg.1994...could that be possible Bill?
I'm sorry about your GBPAUD problem.
I'm unable to look into the EA code at the moment, leave it with me for a day or so
Have a nice day
  • #189
  • May 21, 2020 5:40pm May 21, 2020 5:40pm
Hello Billy, firstly many thanks for taking time to improve this EA and unselfishly sharing it (with the source code) with others. I have the following questions please:

(1) Does Symbol Basket Trading works with just the currency it is attached to (i.e. will close say all trades belonging to say EURUSD only if it was attached to EURUSD when TP is reached ) or will it close or trades on the account when TP is reached irrespective of the fact that the EA is attached to EURUSD chart only?

(2) I don't quite understand how the three levels of basket closure work. Could you please explain using an example? I think where I started getting confused is by your statement in #post 178: "When you have opened 1 trade, the symbol TP will close 50% of that trade when it has reached $7 in profit If you have set the percentage to 100, it will close 100% of trade 1. If you have opened 2 trades, this TP level will not work because it is only set for 1 open trade.". So, if I set SymbolTradesBelongToBaske for bas2 to true and have the PercentageOfTrade1ToClose = 100, what do I have to set SymbolMinTradesOpenForBasket to so that it closes all open trades when TP is reached? Thanks
  • #190
  • May 21, 2020 6:38pm May 21, 2020 6:38pm
Quoting billv
{quote} I'm sorry about your GBPAUD problem. I'm unable to look into the EA code at the moment, leave it with me for a day or so
Thanks Bill, Trade Panel can only manage one Pair at a time as I understand, but if I could change Magic number and attached to different chart and pair it should mange multiple?
  • #191
  • Edited 7:57pm May 21, 2020 6:53pm | Edited 7:57pm
Quoting Johannes7
{quote} Bill, I'm in a bad trade and want to use this function. My trades GA magic number is 12345, will it be able to recover trades because trade panel magic is different? I have 2 EA's on same pair with different Magic numbers running. In settings I don't see where I can change Magic 676677 to mine 12345 so that Trade panel can take over these trades but another trade panel take over trades Magic number eg.1994...could that be possible Bill?
Ok go to your experts folder,
find file paneldialog.mqh
double click on it so that it opens with the MT4 editor
scroll down to line 32 #define MAGIC is 676677
Change the magic number to 12345
Save the file in the same experts folder.

Now rename your file hedgepanel17.ex4 to hedgepanel17-.ex4
this file is your original V17, you are saving it so that you can go back to it of you need to.

Now locate the file hedgepanel17.mq4
double click on it so that it opens up with the MT4 editor
Now click on the Compile button located in the top left corner of the editor.

You have now created a new V17 which has the magic number 12345.
Restart your MT4 and you should be up and running.

Please note: if you have installed many MT4's on your PC, and you are using Windows 10, there is a possibility that the MT4 editor will not look at your modified PanelDialog file and will be looking to find it inside a different MT4 folder.
In such instance the editor will produce errors when you try and compile the EA
A way to overcome such a problem is to copy your modified panel dialog file plus these original files
createElements.mqh
Eventmethods.mqh
into your other Mt4's experts folder.
Then you will need to compile again hedgepanel17.mq4 and it will work.

Good luck with all this.
Have a nice day
  • #192
  • May 21, 2020 6:54pm May 21, 2020 6:54pm
Quoting Johannes7
{quote} Thanks Bill, Trade Panel can only manage one Pair at a time as I understand, but if I could change Magic number and attached to different chart and pair it should mange multiple?
No, it only manages 1 pair, the one the EA is placed on
Have a nice day
  • #193
  • Edited 7:58pm May 21, 2020 7:19pm | Edited 7:58pm
Quoting danjuma
Hello Billy, firstly many thanks for taking time to improve this EA and unselfishly sharing it (with the source code) with others. I have the following questions please: (1) Does Symbol Basket Trading works with just the currency it is attached to (i.e. will close say all trades belonging to say EURUSD only if it was attached to EURUSD when TP is reached ) or will it close or trades on the account when TP is reached irrespective of the fact that the EA is attached to EURUSD chart only?)
It will only close the trades of the pair it is attached to, 1 single currency pair and not all of your open trades


Quoting danjuma
(2) I don't quite understand how the three levels of basket closure work.
Ok let's say you have enabled symbol basket closure and you have chosen to set
level 1 to start from trade 1, level 2 to start from trade 2 and level 3 to start from trade 3 (onwards

If you have 1 open trade then the trade 1 symbol basket TP will apply + the individual trade TP (if it has one)
If you have 2 open trades then the trade 2 symbol basket TP will apply + the individual trade TP's (if trades 1 and 2 have a TP)
If you have 3 or more open trades then the trade 3 symbol basket TP will apply + the individual trade TP's (if any of your open trades in that currency have a TP)
If you have 5 or 10 or 20 open trades then level 3 symbol basket TP will apply.
You can set level 3 TP to a low $ value so it will be easier to recover a basket of losing trades ( in the same currency)
OR to a high $ figure so that you can collectively make more money when many trades are open.

By the way, I would set input SymbolBasketCashTakeProfit=0
and instead I would use input SymbolBaskretCashPercentageTarget=0.1 (or lower if you want easy trade recovery OR higher, e.g 1 if you want more profit )
Using a % TP is a neater idea because as your account grows, your trade size also grows, and you'd want your TP to automatically adjust.
Have a nice day
  • #194
  • May 21, 2020 7:49pm May 21, 2020 7:49pm
Quoting billv
{quote} Ok go to your experts folder, find file paneldialog.mqh double click on it so that it opens with the MT4 editor scroll down to line 32 #define MAGIC is 575577 Change this to 12345 Save the file in the same experts folder. Now rename your file hedgepanel17.ex4 to hedgepanel17-.ex4 this file is your original V17, you are saving it so that you can go back to it of you need to. Now locate the file hedgepanel17.mq4 double click on it so that it opens up with the MT4 editor Now click on the Compile button located in the top left corner of the...
Greatly appriciated, I'll report back
  • #195
  • May 21, 2020 8:10pm May 21, 2020 8:10pm
Hi Bill, see below in Demo how can I compansate for commission? 0.07 trade win 0.05?
Did you have a SET file?
Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 750 KB
  • #196
  • May 22, 2020 2:19am May 22, 2020 2:19am
Quoting billv
{quote} It will only close the trades of the pair it is attached to, 1 single currency pair and not all of your open trades {quote} Ok let's say you have enabled symbol basket closure and you have chosen to set level 1 to start from trade 1, level 2 to start from trade 2 and level 3 to start from trade 3 (onwards If you have 1 open trade then the trade 1 symbol basket TP will apply + the individual trade TP (if it has one) If you have 2 open trades then the trade 2 symbol basket TP will apply + the individual trade TP's (if trades 1 and 2 have a...
Many thanks for your patience and explanation Billy; very much appreciated. So, from what you have written, my understanding is that if you know you are going to have more than one trade for a pair open, then you have to set 'SymbolTradesBelongToBasket2' and 'SymbolTradesBelongToBasket3' to 'True', and 'SymbolMinTradesOpenForBasket2' and 'SymbolMinTradesOpenForBasket3' to 2 and 3 respectively, correct? So, I take it that setting 'PercentageOfTrade1ToClose' to say 100 will make no sense? If I am reading this correctly, it appears the whole purpose of the 'Symbol Basket trading' option/function is for trade recovery? I think the confusion to me was I was looking at it as basket trading in the traditional sense (open many trades as part of a basket with the aim to close all at a basket profit/loss). Thanks
  • #197
  • May 22, 2020 3:27am May 22, 2020 3:27am
Quoting Johannes7
Hi Bill, see below in Demo how can I compansate for commission? 0.07 trade win 0.05? Did you have a SET file? Thanks {image}
I don't know what you are trying to do but unless you are very experienced, I would avoid gold.
Play with something else, but if your profit is not enough, increase the TP number in the settings
Have a nice day
  • #198
  • Edited 4:32am May 22, 2020 4:07am | Edited 4:32am
Quoting danjuma
{quote} if you know you are going to have more than one trade for a pair open, then you have to set 'SymbolTradesBelongToBasket2' and 'SymbolTradesBelongToBasket3' to 'True', and 'SymbolMinTradesOpenForBasket2' and 'SymbolMinTradesOpenForBasket3' to 2 and 3 respectively, correct?
Yes


Quoting danjuma
{quote} So, I take it that setting 'PercentageOfTrade1ToClose' to say 100 will make no sense? If I am reading this correctly, it appears the whole...
I've been answering a lot of questions and unfortunately I don't have much spare time so this is my last 1 for you mate.

The percentage to close feature came about because sometimes we are not sure if our 1st trade will work out, we see it struggle and then we see it become -ve. A while later we see an opportunity to add a 2nd trade and when those 2 trades become a little profitable, the EA can perhaps close 100% of trade 2 and perhaps 50% of trade 1. And perhaps we can let trade 1 float for a while and see if it hits our TP target.

The "percentage to close" feature can be a very useful feature but it will not suit everyone so most traders should set the input % to close to 100 so that 100% of the trade closes.

You say that setting PercentageOfTrade1ToClose' to 100 will make no sense?
Well it can make a lot of sense with a bit of imagination.
Because for example if our winning probability is 99.99% for up to 5 pips in profit and then it drops off drastically afterwards
to 90% , 80% 70% etc then perhaps we could use this feature to close half of our trade 1 at level 1 and to take some money off the table and at the same time reduce our risk. This is 1 example but when you combine the 3 TP levels there are many closure possibilities.

How we trade depends entirely on our strategy and if our strategy doesn't need this feature then we simply don't use it.

Take care.
Have a nice day
  • #199
  • May 22, 2020 5:24am May 22, 2020 5:24am
Quoting billv
{quote} Yes {quote} I've been answering a lot of questions and unfortunately I don't have much spare time so this is my last 1 for you mate. The percentage to close feature came about because sometimes we are not sure if our 1st trade will work out, we see it struggle and then we see it become -ve. A while later we see an opportunity to add a 2nd trade and when those 2 trades become a little profitable, the EA can perhaps close 100% of trade 2 and perhaps 50% of trade 1. And perhaps we can let trade 1 float for a while and see if it hits our TP...
Many thanks Billy. And sure, you are right, you have been very patient and have been responding and answering a lot of questions, so do not blame you if you feel a bit tired of continually answering questions. I will just have to play with the EA and try figure out all the functions. Just one last thing, your video in a post some way back shows a chart with an indicator showing open trades (I have attached an image below). What indicator is that please and can you share it? Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: indicator.JPG Size: 44 KB
  • #200
  • May 22, 2020 5:54am May 22, 2020 5:54am
Quoting danjuma
{quote} Many thanks Billy. Just one last thing, your video in a post some way back shows a chart with an indicator showing open trades (I have attached an image below). What indicator is that please and can you share it? Thanks
Post 152
https://www.forexfactory.com/showthr...9#post12744269

It draws a break even line for buy trades and 1 line for sell trades

Please note: If there are no open trades, there will be nothing shown on the chart.

The indicator shows
number of open trades
Lots
Profit,
Sum of all trades (in 1 currency)
BE= Break Even distance in pips including only market orders
PBE= Break Even distance in pips but this number includes market orders + any pending orders found on the chart
The PBE line is yellow colour, if there are no pending orders there will be no yellow line.
if there are no open BUY trades there will be no buy BE line
If there are no open SELL trades there will be no sell BE line
Have a nice day
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