Hanover replies to PMs

I'm sorry but I'm no longer interested in doing any coding requests for MT4. You could try the suggestions in the 'MT4 programming' section of post #1. I hope that you can find a programmer to do the work.

Choice of MT4 or 4Gl or SQL server or Java type trading platform ... ideas please

Sorry guys i do not in any way mean to hijack this thread ... a newbie cannot post a new thread ... and i was sorta hoping to get the Hanover eye anyway

So again If can move this thread i will .. here goes

Hi Guys

I have for many many years been beavering and developing away on a trading methodology
and system written in a high level 4GL (Clarion) with SQL Server with considerable
success in a manual trading environment. No auto EA like trading.

Volume price analytics (my expertise) is at the core of the thinking as I believe it is a rock solid reality and totally accurate with supply and demand,
leading into Wyckoffian Accumulation and Distribution assisted with Momentum and Volatility as needed.

A key link between the back end (SQL Server) and front trading can be CSV files (FTP) which are an instant to read and while
signals and for trade management or even direct SQL access can be done if more efficient

It seems I now need to jump in the MT4 pool or something like an API construct
using Java or similar to get into the live market robotically and handle more trading activity that a human can manage.

I have institutional quality data feeds and process 28 major pairs on OHLCV and their inverses (28) as well 8 major currencies and their inverses (8) in many processor cycle .. 72 instruments per cycle

The databases just gobble up this work with the thousands of algorithms that search out opportunity and it comes regularly, every processing cycle

The model finds trading activity in very regular periods over a 24 hour cycle (sine wave if you can think of it that way)
as two major currencies cycle top and bottom in 15 30 60 and H2 and H4 minute time frames and produce a basket trading opportunities.

Why am I here ?

In the back of my mind I do not like the concept of MT4 Charts and EAs and limitations of the plurality in the way MT4 operate with one EA per chart.

are there any other ways to do this that should be be considered please for the trading and execution of my model ... is API more accurate ?

Now to auto robot the whole thing is the next step but I want it be to the best thought out methodology one due to the quantity of trading we produce
(say up 100 high quality actionable trades 10 to 100 pips each) every 24 hours

Has anyone done this with success and can share the traps and pitfalls please including (alleged) the MT4 limitations or alternatives that are better to do the task?

Thank you all for any constructive guidance in these early planning Robotic stages

Nelson
_________________________

Hi Nelson,

I've removed your post from the other thread and reproduced it here.

I've only used MT4 for fx. There are better platforms but as I've only ever traded as a hobby I haven't looked elsewhere, at least for my personal use. I've worked with various pro traders who have used Trading View, TradeStation, NinjaTrader, eSignal, Bookmap, and some assorted tools from Bloomberg and Oanda. Unfortunately I haven't done any coding for these. Back in 2002 I coded a specialist trading platform for a gent who traded stock CFDs on the FTSE (he bought the strongest stocks in the strongest industrial sectors and sold the weakest stocks in the weakest sectors). But my old 16-bit Clarion doesn't run on contemporary 64-bit Windows, and I haven't bothered to upgrade it.

My coding skills are antiquated (I retired from corporate IT in 2005) and I haven't used OO languages like C# or Java. Hence I'm not in a position to advise on language.

If I understand correctly, you have the necessary data feed, your strategy sorted out, and now you're looking to code it into an expert that will place orders directly with a broker. If institutional quality (low latency and costs) is more important to you than having an instant solution (no development work), I would stay away from MT4. Instead, I would start by searching the internet looking for suitable brokers, and asking them what is required (both legally and logistically) to interface communications-wise and place orders electronically with them. You can discard any who will allow only institutional level account sizes. When you find one, it may help you to narrow down the language and platform that is most suitable for use. You would likely need to liaise with their technical people and get information and ideas from them. Anyway, assuming that I understand you correctly, that's where I would begin.

Hope that helps.

In haste,
David

David

Thanks so much ... a well thought out logical path ... i will research that end result backwards

The MT4 approach just was a prickle in left ear as there had to be alternatives

Cheers from Oz

Nelson

Hey Nelson, no problem buddy, best wishes for your project. Take care and stay safe, we live in challenging times. Cheers from across the Tasman! D

Hello Hanover,
Do you know if it's possible on MT4 to execute a trade, whereby if something occurs on currency x, then make a trade on currency y?
Eg.
IF USDX price reaches 92.999,
then instantly buy USDJPY,
with stoploss and take profit 60 pips away.

Already answered correctly here.

Although keep in mind that the program code in the EA only triggers each time a new price tick in the chart that it's attached to occurs, i.e. not necessarily a price tick in the pair that you want it to perform the operation on. Hence, in your example, you would want to attach the EA to a USDX chart, so that when a price tick on USDX drove the price to 92.999, the code would activate, and trigger the instruction to buy the USDJPY (with SL and TP).

If you attached the EA to a USDJPY chart, it would still activate the buy when USDX reached 92.999, but it wouldn't perform that instruction until the next price tick on USDJPY. And if the price meanwhile moved away from 92.999 before the next price tick on USDJPY, the buy would never get executed.

At least that's the way MT4 used to work when I last did some coding.

Hello Hanover. Hope you are well.

I would like to plot trade entry signals from a spreadsheet on to an MT4 chart, eg. with up/down arrows and vertical lines. (I have isolated on an OHLC spreadsheet the bars that give entry signals on their close). Have you have created anything that would do this please? I seem to remember you have kindly shared tools that work with CSVs and objects.

Cheers
G

Hello sir,

I don't know how to make mql4 read .xls(x) files so you would need to save the file from Excel as a .csv

Back circa 2012 I wrote the attached indicator. (Note to everybody: I haven't included the .mq4 file, because it was written with mql4 build 509, and will likely compile using the latest compiler with a zillion errors. I'm not doing any more MQL4 requests, and I don't know how to code MQL5.)

The indicator was designed to read the performance report generated by MT4 showing the P/L of historical trades, and plot them on the charts, and the default settings reflect that. It plots short horizontal lines at the entry, SL and TP, and a diagonal line from the time and price of entry to the time and price of exit. The prices, #lots, P/L in pips, $, %, RR etc are displayed just above the relevant lines. Not quite what you've asked for but it's the best that I can do. Sorry, I don't have a screenshot. Also, I haven't used it for several years, and I can't recall how thoroughly it was tested. As best as I can remember, the settings work as follows:

FileName — name of the .csv file exported from Excel. Must exist in your ....../MQL4/Files folder.

ShowOrderTypes — you can select which order types you want plotted. Any combo of C (closed), O (opened), P (pending) is valid.

FieldXlateTable — is the order in which the fields appear in the CSV row/line:
0 = order number
1 = order open time
2 = order type
3 = order size (number of lots)
4 = order symbol ID
5 = order open price
6 = SL
7 = TP
8 = order close time
9 = order close price
10 = commission
11 = swap
12 = profit/loss
13 = comment
14 = magic number
20 = ignore the field

For example: 20,0,1,2, .... means "ignore the first field in the line, the second field is the order number, the third field is the open time, the fourth field is the order type, etc"
Hence you can output the fields in the csv in any order that you wish.

DateTimeFormat — is the format of the order open/close times in the file, so that the indicator can translate the text into a MT4 date/time. Info in date formats section here.

FieldDelimiter — the character that separates the fields in the file.

The rest of the settings control the output to the MT4 chart. If you have 'Show Object Descriptions' (press F8 -> Common tab) checked on, the trade info text will appear above the line. If checked off, you will need to hover the mouse cursor over the object, and the text will appear in a help bubble.

EntrySettings — these are Color,Width,Style. The color, width and style for each horizontal entry line on the chart. Valid widths are 0 thru 5, valid styles are 0 thru 4.
SLSettings — ditto for each horiz SL line.
TPSettings — ditto for each horiz TP line.
ExitLossSettings — ditto for each diagonal line from the entry point (time, price) to the exit point (time, price), for each losing trade (note folks: there is only one 'o' in losing).
ExitProfitSettings — ditto for each diagonal line from the entry point (time, price) to the exit point (time, price), for each winning loss.
HorizLineLength — how many candles the horiz lines extend to the right of the entry time.

EquityCalcBasis — whether you want the percentage calculated as % of account balance (B), equity (E), or free margin (F).

PriceFormat — how you want the price text formatted for non-JPY pairs. Info in number formats section here (this applies to all of the settings below).
PriceFormatForJPY — how you want the price text formatted for non-JPY pairs.
Note: this indicator is designed to work for major pairs only, not exotics, metals, cryptos, indices, etc, whose pip values can differ from broker to broker.
PipsFormat — ditto. The same applies for the text format for each item below.
AmountFormat —
PercentFormat —
RFormat —
LotsFormat —
PipValueFormat —
DurationFormat —

Visibility — which timeframe charts you want the plots to appear on.


Take care and stay safe.

David

Wow, thank you David, I will have a play with that.

Have a great weekend :-)

Hi Hanover

I have Develop a strategy Using Your CSM Indicator, and it is profitable, I'm testing it for several months,here is my demo account,


can you help me to make CMS Indicator more advance way

Glad to hear that you're profitable.
mq4 source code is in zip file here if anybody wants to modify the indicator.

If it's not broken, don't fix it

I have modified a bit.
but the thing is i need go back to a specific date and time and check the CMS Data.
For example i want to shift CMS Indicator to yesterday morning 0600 o'clock.and the data should be the same ,if i shift bars data are not correct.

Can you give me a clue to achieve my goal.

Thanks in advance,,

The indicator that I wrote is not designed to work in this way. It looks backward from the current candle over 9 different TFs (M1, M5, M15, . . . . W1, MN). If I understand correctly, you want something that looks forward from 0600 hours. Either you need to find a broker whose day starts at 0600 and work from his D1 candle, or you need to check the difference between the current price, and the price at 0600 on the required day, and then calculate a weighted average for each currency by whatever means you wish. If you are not an experienced programmer, my advice would be to either find another (less complicated) indicator to use as a starting point, or persuade another programmer to help you. Sorry but I am no longer doing coding requests, and I don't wish to get involved in a lengthy Q&A process.

as you said I try to find a programmer who develops this indicator for my requirement, thanx for developing such a great indicator and replying for my question.
wishing you the best of luck sir.

Hey can we have a line plot over the chart where seems to be highest Session interest in options data.

You would need to have an indicator that reads the webpage where the required options data is stored -- assuming that is possible -- and then plots the line on the MT4 chart.

Exactly, but this is not to be read from website, as its available in data feed only. as
https://www.forexfactory.com/thread/...ptions-for-mt4 with oi data , here also given indicators but not working

The programmer does not supply source code hence I can not see how it works (or try to figure out why it doesn't work). I am no longer doing coding requests.

Hello Hanover,
Do you already have, or would you be willing to code a MACD indicator with alert showing when MACD crosses lines also when it crosses 0.00? When crosses occur say on 4H the indicator places a non-repainting symbol (Up/down arrow) on upper chart, so I can see it when I drop down to lower time frame? There would be 1 symbol for crossing 0.00, and a different symbol for when the lines flipping occurs. Would need to be able and adjust the inputs as well.

So to summarize, I am asking for a MACD indicator that will allow me to visualize 2 different scenarios on a lower time frame when they occur on the higher. One scenario being when price crosses 0.00 and the 2nd scenario when the red and blue lines flip. Symbol would appear after candle close.