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Hedge Trade-panel

  • #321
  • Oct 26, 2020 9:41am Oct 26, 2020 9:41am
Hello Billy. Hope you are well and gathering the pips Just visiting this thread again and wondering whether you are still using the set file you provided in post 308 (https://www.forexfactory.com/thread/...7#post13077077). I think the only way I can understand/appreciate the power of your EA in relation to the 'SymbolBasketCashTakeProfit' functions is to demo and observe a successful set file you have use. Also, is version 37.1 the latest or have you come up with some more goodies Thanks
  • #322
  • Oct 27, 2020 11:33am Oct 27, 2020 11:33am
Quoting danjuma
Hello Billy. Hope you are well and gathering the pips Just visiting this thread again and wondering whether you are still using the set file you provided in post 308 (https://www.forexfactory.com/thread/...7#post13077077). I think the only way I can understand/appreciate the power of your EA in relation to the 'SymbolBasketCashTakeProfit' functions is to demo and observe a successful set file you have use. Also, is version 37.1 the latest or have you come up with some more goodies Thanks
Hi Billy, one other question to add to the above, I notice that as I open more trades, the magic number keeps changing (increasing by 1 digit). I.E. the number 676677 is the default magic number in the EA. When I have opened a few trades, this number increased to 676678 of its on accord on the next few trades I open, then to 676679 on the next few trades I open and so on. Is this how it's meant to function?
  • #323
  • Oct 29, 2020 2:28am Oct 29, 2020 2:28am
Quoting danjuma
Hello Billy. Hope you are well and gathering the pips Just visiting this thread again and wondering whether you are still using the set file you provided in post 308 (https://www.forexfactory.com/thread/...7#post13077077). I think the only way I can understand/appreciate the power of your EA in relation to the 'SymbolBasketCashTakeProfit' functions is to demo and observe a successful set file you have use. Also, is version 37.1 the latest or have you come up with some more goodies Thanks
Hi Dan

The set files I attached were just an idea of how the EA can be used.
I have not released a new version because I have been busy working on my auto trading EA's.
Have a nice day
  • #324
  • Oct 29, 2020 2:51am Oct 29, 2020 2:51am
Quoting danjuma
{quote} Hi Billy, one other question to add to the above, I notice that as I open more trades, the magic number keeps changing (increasing by 1 digit). I.E. the number 676677 is the default magic number in the EA. When I have opened a few trades, this number increased to 676678 of its on accord on the next few trades I open, then to 676679 on the next few trades I open and so on. Is this how it's meant to function?
The magic number changes so that the EA does not close the hedged trades but it should not
change if the trade does not get hedged.

Once a trade is hedged then the EA will ignore it and it can be left alone until price gets to a major level.
Most people would then close the profitable trade and leave the losing trade open and manage it manually.

If you wanted the losing trade to to be recovered by the EA,
you would have to switch OFF the EA hedging ( BEFORE CLOSING THE PROFITABLE TRADE)
and also to untick the box (only manage own trades)
Depending on how far the BE point is, you could consider adding a trade or 2
in the same direction as the losing trade to bring the BE point a bit closer.

Here is an indi I use for a visual indication of the BE point on the chart.
https://www.forexfactory.com/thread/...3#post12722313
Have a nice day
  • #325
  • Oct 29, 2020 7:26pm Oct 29, 2020 7:26pm
Hi Billy. Many thanks for the replies. I am gradually understanding the workings of the EA. All the best with you auto trading EA's. Much appreciated.
  • #326
  • Nov 1, 2020 7:26am Nov 1, 2020 7:26am
My first thoughts on the target users.

 

  1. Definitely, it’s not for the new forex trades and those who has not reached to level of practical precise risk management skill in forex trading. For these candidates I will suggest to have a look at the tool and test the demo. In case of you are decided to buy a signal service from MT5 market place (FOREX COPIER REMOTE 2). From my point of view, you should only buy Major forex pairs signals.
  2. It’s mainly targeted to mature forex trader where they have multiple forex broker accounts. And they know what they are doing and have tight risk management in place. For instance, you have divided your funds in multiple brokers. Or if you have multiple broker accounts under different regulations. For instance, ASIC and FCA.
  3. Another target set of users may be those who run the MT5 Algo. Its worthwhile to spend the computational power on one Algo (which is “source” in FOREX COPIER) and copy the trades into the different account which can be done with no computation power. I am still not very clear about the “latency” in the coping trades. The latency might not be issue if the signals are generated based on the longer time frame eg. Day level or H4 level. On the other hand, smaller time frame signals (5 mins) coping might be an issue unless the Latency in milliseconds is clearly defined.

  • #327
  • Nov 25, 2020 10:39am Nov 25, 2020 10:39am
Thanks to @Nicholishen (great man ... great idea ... great product), @Billy (for the changes and his talent as a programmer) and everyone else.
I tried ... tested and used several thousand indicators and EAs.
Now it's up to this tool and since the first post, I have the strong impression that it could be number 1.
There is still something that could be perfected, but I want to write about this in a few days.

Now just two curiosities (I hope not stupid):
I performed two distinct operations on two different pairs (real account).
In one I have "slip 2" and in the other "slip -4".
1) Does this mean that I have achieved one positive and one negative slippage (and maybe some more specific information)?
2) The number refers, I assume, to points, because it doesn't seem to me that there has been a slippage so high as to be calculated in pips, but I could be wrong.
Can anyone (please) confirm these two points?

Thank you so much.

Attached Image

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I've seen things you people wouldn't believe
  • #328
  • Dec 22, 2020 6:17pm Dec 22, 2020 6:17pm
HI All,

My name is Peter and I have taken an interest in this EA panel approach. I have been trying it out and going through this thread, I couldn't see any mention of a contingency stop loss IF you

*lose internet connection
*power outage
*basic disconnection with the market while a trade is in play....

... for any extended period of time.

I am hoping that the developer or someone proficient in its use can enlighten me regarding this situation.

Thanks

Peter
Real Trading is not gambling.
  • #329
  • Dec 23, 2020 12:20am Dec 23, 2020 12:20am
Quoting Trader-IT
Thanks to @Nicholishen (great man ... great idea ... great product), @Billy (for the changes and his talent as a programmer) and everyone else. I tried ... tested and used several thousand indicators and EAs. Now it's up to this tool and since the first post, I have the strong impression that it could be number 1. There is still something that could be perfected, but I want to write about this in a few days. Now just two curiosities (I hope not stupid): I performed two distinct operations on two different pairs (real account). In one I have "slip...
Hi mate, slippage is dependent on market conditions Plus broker honesty.
If you are always getting -ve slippage or rarely much +ve slippage then something is wrong and I'd look for another broker.
Have a nice day
  • #330
  • Dec 23, 2020 12:35am Dec 23, 2020 12:35am
Quoting PeterCaleb
HI All, My name is Peter and I have taken an interest in this EA panel approach. I have been trying it out and going through this thread, I couldn't see any mention of a contingency stop loss IF you *lose internet connection *power outage *basic disconnection with the market while a trade is in play.... ... for any extended period of time. I am hoping that the developer or someone proficient in its use can enlighten me regarding this situation. Thanks Peter
Hi Pete
Unfortunately I don't have the time to be involved in this project anymore but I will answer your question.
Yes not having a SL can be a concern but I've made changes to the EA and if the SL is placed is placed with autohedging =enabled,
then the SL gets removed when price gets close to the hedging price.
Have a nice day
  • #331
  • Dec 23, 2020 2:36am Dec 23, 2020 2:36am
Quoting billv
{quote} Hi Pete Unfortunately I don't have the time to be involved in this project anymore
Hi Billv, If you could not. Kindly upload the source. so it'll help the others develop or add more features.

Kind Regards
  • #332
  • Dec 23, 2020 4:56am Dec 23, 2020 4:56am
Quoting EnrichWave
{quote} Hi Billv, If you could not. Kindly upload the source. so it'll help the others develop or add more features. Kind Regards
There is source code further back, in some of the attachments.
Have a nice day
  • #333
  • Dec 23, 2020 5:41pm Dec 23, 2020 5:41pm
Quoting billv
{quote} Hi Pete Unfortunately I don't have the time to be involved in this project anymore but I will answer your question. Yes not having a SL can be a concern but I've made changes to the EA and if the SL is placed is placed with autohedging =enabled, then the SL gets removed when price gets close to the hedging price.


Thank you Billy for letting me know of this.

Peter
Real Trading is not gambling.
  • #334
  • Mar 2, 2021 4:35am Mar 2, 2021 4:35am
@billv @Nicholishen

Thanks for the lovely tool! I only discovered it now.

Is there anyway you could add or give us the code to add a function to "close all positions that are in profit"?

Highly appreciated!
  • #335
  • May 3, 2021 7:32pm May 3, 2021 7:32pm
Awesome panel. Great work. I like the simplicity and executional speed orders are opened/closed.

Are there stills coders left here working/using it?

Would it be possible to have a button/functionality added to it to support placing pending orders at a fixed pips distance and/or based on the last price bar‘s high/low (buy stop/sell stop) ?
  • #336
  • May 5, 2021 10:41am May 5, 2021 10:41am
Quoting billv
New Version 37.1
Would it be possible that you share the source files for the latest version too?

Edit, version 3.71 is not working for me. It won´t open any orders for me using the buy/sell buttons.

Edit, it is also not removing from the chart + has some visual bugs if pressing the arrows to adjust lot size or minimize/close. Not working here.

Edit, Same problems with prior version 3.70
  • #337
  • May 5, 2021 3:46pm May 5, 2021 3:46pm
Quoting MoneyZilla
Simply put, one can hedge any given level and with proper flipping techniques to make money out of 30 SL and 30 TP, or 300 SL and 300 TP, whatever
Could you illustrate what you describe here, i am not sure what you mean by "proper flipping techniques"...
  • #338
  • May 18, 2021 10:00pm May 18, 2021 10:00pm
Bill,
what does that mean
2021.05.18 22:53:54.492 HedgeTradePanel23 XAUUSDx,M1: CPanelDialog::MarketOrder Error: no error
  • #339
  • Jun 4, 2021 9:02am Jun 4, 2021 9:02am
Is there a possibility to add the trailing stop/step function to the panel? To manage individual orders...
  • #340
  • Jun 30, 2021 12:31pm Jun 30, 2021 12:31pm
Hi guys! Amazing Ea, does anyone know an hedging strategy to use it to open potions without profit or negative? my goal is to just open lots and close when it's 0.
obviously counting the spread
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