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Hedge Trade-panel

  • #281
  • Jun 22, 2020 5:56pm Jun 22, 2020 5:56pm
Quoting Johannes7
Thanks for that. Can you move HedgePanel to right of screen? I tried to drag it but didn't work.
It works.
Grab it from the top,
put your mouse on the broker's name and grab it from there
Have a nice day
  • #282
  • Jun 23, 2020 1:35am Jun 23, 2020 1:35am
Quoting billv
{quote} It works. Grab it from the top, put your mouse on the broker's name and grab it from there
I tried but somehow doesn't want to do it for me, but I'll try again not sure if my VPS is slowing down.
I have also experience a lagging when I press buy/sell and nothing happens and I press it again and at times a few seconds later trade comes up? This seems more on certain pairs not all????
  • #283
  • Jun 23, 2020 2:05am Jun 23, 2020 2:05am
Quoting Johannes7
{quote} I tried but somehow doesn't want to do it for me, but I'll try again not sure if my VPS is slowing down. I have also experience a lagging when I press buy/sell and nothing happens and I press it again and at times a few seconds later trade comes up? This seems more on certain pairs not all????
VPS's are limited as to how many MT4's they will accommodate and every time you open more charts and add indicators and other gadgets
you will consume more and more of the memory resources allocated to your VPS.

This could be the cause of your sluggishness because when you run low on RAM,
the pc will switch over to virtual memory which could be the hard disk and much much slower.
Then it could also be due to your internet connection at the time.

Since you like to open many charts, may I suggest that you avoid the cheap VPS's plans and instead run your MT4's from a desktop PC
or a laptop which has plenty of RAM (16Gig minimum) and which is using an SSD and not a HDD.
Have a nice day
  • #284
  • Edited 8:07am Jun 23, 2020 6:50am | Edited 8:07am
Quoting billv
{quote} VPS's are limited as to how many MT4's they will accommodate and every time you open more charts and add indicators and other gadgets you will consume more and more of the memory resources allocated to your VPS. This could be the cause of your sluggishness because when you run low on RAM, the pc will switch over to virtual memory which could be the hard disk and much much slower. Then it could also be due to your internet connection at the time. Since you like to open many charts, may I suggest that you avoid the cheap VPS's plans and instead...
I'm with Interserver 6GB/90GB/3 CPU which is not bad I think but I do need to cut down my MT4's
  • #285
  • Edited 6:20am Jun 24, 2020 5:47am | Edited 6:20am
Quoting Johannes7
{quote} Thanks Bill, yes the direction of arrows is stuffed and shoud be fixed and irritating but I obviousl go with signals. What I like about the Hull MA (HMA) it's non laggig..
Try this version .
Remember to use a small SL and to take all signals so if it gives you an opposite signal 1 or 2 minutes later, to take it.
(However, If the market is not trending, you might be chopped to bits so I would use some higher TF MA's to determine the trading direction)
Try it on demo.
Attached File(s)
File Type: mq4 HMA v3.2_email.mq4   14 KB | 494 downloads
Have a nice day
  • #286
  • Edited 1:38am Jun 25, 2020 12:40am | Edited 1:38am
Quoting skyf
This EA will be in the next level if it can manage more than one added symbols at once.
Try version 32.
https://www.forexfactory.com/showthr...4#post13008924
1 EA placed on 1 chart should work on all pairs, it will manage all open trades if they have the same magic number.
If the open trades have a different magic number then Untick the box : Only Manage Panel Orders"

CAUTION:
The Symbol basket TP is handling Buy and Sell orders separately so if you are currently hedged and you Untick the box "Only Manage Panel Orders",
the EA will look for any profitable trades in your MT4, so it will likely find your profitable hedge orders Buys Or Sells and close the profitable side.
Therefore you will no longer be hedged. (It will close any side which is profitable and meets the symbol TP criteria).

If you are Not interested to have multiple TP options OR you don't need trade recovery
then you don't need to use this feature and you can turn it off using the inputs
SymbolBasketTradesBelongToBasket1=false
SymbolBasketTradesBelongToBasket2=false
SymbolBasketTradesBelongToBasket3=false
SymbolBasketTradesBelongToBasket4=false
SymbolBasketTradesBelongToBasket5=false
SymbolBasketTradesBelongToBasket6=false

WHAT IS A SYMBOL BASKET TP:
I have previously explained the operation of the symbol basket TP but people find this concept hard to understand.

The Symbol Basket function, allows us to choose a different TP depending on how many trades we have opened in each currency pair.
The EA handles BUY trades separately from SELL trades so if we have opened 5 BUY EURUSD trades and 2 SELL EURUSD trades
and the BUY side reaches profit, then only the 5 buy trades will close.

The use of 6 TP levels gives us the ability to choose a different TP at each level
(the EA will look at how many trades we have opened and then pick the appropriate TP level).

A varying TP can be useful to traders who are "averaging in" and who slowly build up their overall trading position because as we open more trades we are increasing our overall position size and we would want our profit to increase proportionally.
A fixed TP would not work for us because as we are opening more trades the fixed TP would be reached very easily and all of our open trades will close prematurely.

Generally speaking, we don't want a basket of trades to close with only a small profit, BUT with 1 exemption: "trade recovery".
A varying TP is also very useful in trade recovery because as we open more trades we move up in Symbol TP levels so a decreasing TP will make trade recovery easier.
The default settings I used in the set file (the one attached with EA Version 32) are for a decreasing TP so they are more suited to trade recovery.
Have a nice day
  • #287
  • Jun 25, 2020 4:46am Jun 25, 2020 4:46am
Quoting billv
{quote} Try this version . Remember to use a small SL and to take all signals so if it gives you an opposite signal 1 or 2 minutes later, to take it. (However, If the market is not trending, you might be chopped to bits so I would use some higher TF MA's to determine the trading direction) Try it on demo. {file}
Thanks Bill, I'll see how it goes
  • #288
  • Jun 25, 2020 5:19am Jun 25, 2020 5:19am
Quoting billv
{quote} Try this version . Remember to use a small SL and to take all signals so if it gives you an opposite signal 1 or 2 minutes later, to take it. (However, If the market is not trending, you might be chopped to bits so I would use some higher TF MA's to determine the trading direction) Try it on demo. {file}
Great, you fixed up arrows buy/sell. Any other modification?
  • #289
  • Jun 25, 2020 5:45am Jun 25, 2020 5:45am
Quoting Johannes7
{quote} Any other modification?
No changes, I only added a couple of comments to the inputs.

Btw, it's not a sophisticated indicator so be careful on how you use it.
The good results you've mentioned are probably due to the strong directional moves we've had recently,
combined with the 50% closure of trade 1 and the ability of the EA to take quick profits.
Have a nice day
  • #290
  • Jun 25, 2020 6:49am Jun 25, 2020 6:49am
Quoting billv
{quote} No changes, I only added a couple of comments to the inputs. Btw, it's not a sophisticated indicator so be careful on how you use it. The good results you've mentioned are probably due to the strong directional moves we've had recently, combined with the 50% closure of trade 1 and the ability of the EA to take quick profits.
You are right on lower M1 to risky even with TP50/SL20.you need 5 good trades to make up for SL. I'll see how M5 goes.
  • #291
  • Jun 25, 2020 7:45am Jun 25, 2020 7:45am
Quoting Johannes7
{quote} You are right on lower M1 to risky even with TP50/SL20.you need 5 good trades to make up for SL. I'll see how M5 goes.
On 1 Min a SL of 20 is too much, I would lower the SL to 10 (or even less) and I would avoid quiet market hours.
Maybe start looking for trades when London or NY Opens
Have a nice day
  • #292
  • Edited 6:35pm Jul 10, 2020 6:20pm | Edited 6:35pm
NEW VERSION 34

Added 1 input which enables the selection of pending order type.
Pending_Order_Type=1
1= limit orders 2=Stop orders

Added 1 input which multiplies the TP pips for instruments like the DAX, UK100 etc ( this is needed so that trades don't reach BE and close very quickly)
BE_And_SL_Multipler1=100
Anyone trading special instruments or currencies listed under the Special instrument inputs
should experiment with the number in this input because the requirement could vary between brokers.

YOUR MT4 NEEDS HISTORICAL DATA
This EA uses historical data to calculate take profit targets for the symbol basket subroutine.
If you are loading EA Version 23 or greater for the first time, you will need to update your MT4 historical data.
Place the file " Force History Dowloand " into your MT4/Scripts folder.
Restart MT4
In MT4, click on VIEW, NAVIGATOR, SCRIPTS
Locate the new script file and drag and drop onto any chart.
(this only needs to be done once, and while the MT4 Auto Trading button is green),
This step is needed so that your MT4 downloads historical data for all the currency pairs which are in the EA settings.
Note: If you only trade 1 currency pair (or only a few), then I suggest you edit the EA settings and remove all the currency pairs which are not needed.
This will make your MT4 more responsive.

EA TRADE MANAGEMENT
The Preset files I'm posting here have the input "OnlyManagePanelOrders"=false
This means that the EA will manage all the open trades in the MT4 account in all currency pairs, regardless of magic number (even manual trades)
If you are only using this EA for managing open trades, then you only need to place it on 1 chart
You don't need to place it on 20 charts.
Attached Image (click to enlarge)
Click to Enlarge Name: Hedgepanel.png Size: 21 KB
Attached File(s)
File Type: ex4 HedgeTradePanel34.ex4   415 KB | 583 downloads
File Type: ex4 Force history download.ex4   4 KB | 540 downloads
File Type: zip Presets.zip   2 KB | 596 downloads
Have a nice day
  • #293
  • Jul 11, 2020 3:37am Jul 11, 2020 3:37am
New V35
When we change input: Pending_Order_Type from 1 to 2,
the text on the pending order buttons will change automatically
Attached Image (click to enlarge)
Click to Enlarge Name: Hedgepanel.png Size: 15 KB
Attached File(s)
File Type: ex4 HedgeTradePanel35.ex4   415 KB | 589 downloads
Have a nice day
  • #294
  • Edited 6:52am Jul 14, 2020 6:40am | Edited 6:52am
Thanks for the hard work and sharing with everyone.

I get an error when using HedgeTradePanel35.ex4..
Without source code, I cannot help you troubleshoot, so need your help here.

2020.07.14 19:29:23.403 HedgeTradePanel35 GBPUSD,H1: zero divide in 'marketdistance.mqh' (79,40)
  • #295
  • Edited 6:58pm Jul 14, 2020 10:16am | Edited 6:58pm
Quoting altzspec
Thanks for the hard work and sharing with everyone. I get an error when using HedgeTradePanel35.ex4.. Without source code, I cannot help you troubleshoot, so need your help here. 2020.07.14 19:29:23.403 HedgeTradePanel35 GBPUSD,H1: zero divide in 'marketdistance.mqh' (79,40)
Read post 292
You need historical data, or your MT4 is using currency pair names (or special instruments) which don't match the currency pairs in the EA settings.
You can modify the currency pairs in your EA settings.
Have a nice day
  • #296
  • Jul 14, 2020 12:05pm Jul 14, 2020 12:05pm
Quoting billv
{quote} Read post 292 You need historical data Or your MT4 is using currency pair names (or special instruments) which don't match the currency pairs in the EA settings. You can modify the currency pairs in your EA settings.
I am still not able to place trade with the buy or sell botton , even after downloading history .... Please help
  • #297
  • Edited Jul 15, 2020 9:50am Jul 14, 2020 6:39pm | Edited Jul 15, 2020 9:50am
Quoting Simonsez
{quote} I am still not able to place trade with the buy or sell botton , even after downloading history .... Please help
Without seeing your chart I cannot tell of what your particular problem is.
I have written a manual with installation instructions and troubleshooting (pls see next post).
Look on page 5 and 6.
Also, in your MT4 terminal, click on the experts tab and look at the message you'll get when you click on the EA buttons
Have a nice day
  • #298
  • Jul 15, 2020 9:45am Jul 15, 2020 9:45am
I'm attaching V1 of the User Manual,
I have added an introduction with a list of the EA features.
In future ( when I get some free time) I will add the EA inputs and explain what they do.
Attached File(s)
File Type: docx USER MANUAL V1 - HEDGE TRADE PANEL EA.docx   185 KB | 825 downloads
Have a nice day
  • #299
  • Jul 15, 2020 6:10pm Jul 15, 2020 6:10pm
Quoting billv
I'm attaching V1 of the User Manual, I have added an introduction with a list of the EA features. In future ( when I get some free time) I will add the EA inputs and explain what they do. {file}
Thanks Bill
  • #300
  • Jul 16, 2020 8:35am Jul 16, 2020 8:35am
Quoting billv
New V35 When we change input: Pending_Order_Type from 1 to 2, the text on the pending order buttons will change automatically {file} {image}
Just want to say great job Bill with V35. I've done test with over 20 pairs and it's quiet amazing the speed it can deal with so many trades.
Thank you!
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