Layering Multiple Orders From One Price Point (EA) | Forex Factory

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Attachments: Layering Multiple Orders From One Price Point (EA)
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Layering Multiple Orders From One Price Point (EA)

  • #1
  • First Post: Edited May 18, 2021 4:29am May 3, 2021 12:47am | Edited May 18, 2021 4:29am
Made this simple tool to place layer of orders from a given price point.

This is an Expert Advisor (EA), place it in the Experts folder.

Attached Image (click to enlarge)
Click to Enlarge Name: Type_1a.PNG Size: 20 KB


another variation to tool this can be found here.

Brief description of the input needed :

1 - "$$" >> the initial price point where the layer of orders will be placed from.

2 - "Lot" >> the lot to be used in each order.

3 - "Step" >> the interval between orders (in pips).

4 - "Max" >> Maximum number of orders to be placed.

TP & SL need to be managed separately after the orders placed using the "TP >>" and "SL >>" function.
be aware tho this would change TP/SL for ALL orders related related to current chart, not limited only to the orders generated by this tool.

as always have fun.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Type_1.png Size: 52 KB
Click to Enlarge Name: Type_2.png Size: 33 KB
Click to Enlarge Name: Pn1.png Size: 123 KB
Attached File(s)
File Type: ex4 me_LayerOnePoint v1a.ex4   24 KB | 2,809 downloads
File Type: mq4 me_LayerOnePoint v1a.mq4   40 KB | 3,543 downloads
  • #2
  • May 12, 2021 8:12am May 12, 2021 8:12am
Thank you qkcode! This is very useful!!!

Only a suggestion:
1. allow for an input to place the Buy Stop order at "Market" plus x-pips; where x = variable input of 15 pips
2. allow for an input to place the Sell Stop order at "Market" minus x-pips; where x = variable input of 15 pips

The existing "$$" input remains unchanged unless one updates it manually. The above suggestion replaces the need to manually update the Stop Order price.
It will be great if one has the option to place the Stop Order at either the "$$" input or at market +/- X-pips.

A similar feature for Limit Orders will also do.

Much appreciated.
  • #3
  • May 13, 2021 4:38am May 13, 2021 4:38am
thanks so much qkcode! I was looking for something simple and effective like this.
may I suggest a simple functionality?
can you implement a simple visual order placement for the initial price point and tp and sl levels as well if possible?
I tried to display what I mean here:
Attached Image
  • #4
  • May 14, 2021 7:41am May 14, 2021 7:41am
Quoting shane1
Thank you qkcode! This is very useful!!! Only a suggestion: 1. allow for an input to place the Buy Stop order at "Market" plus x-pips; where x = variable input of 15 pips 2. allow for an input to place the Sell Stop order at "Market" minus x-pips; where x = variable input of 15 pips The existing "$$" input remains unchanged unless one updates it manually. The above suggestion replaces the need to manually update the Stop Order price. It will be great if one has the option to place the Stop Order at either the "$$" input or at market +/- X-pips....
As YOU REQUEST SHANE1, HERE YOU GO
Attached File(s)
File Type: ex4 S&R_STRUCTURE.ex4   87 KB | 1,376 downloads
  • #5
  • May 14, 2021 8:55am May 14, 2021 8:55am
Quoting theonewalker
{quote} As YOU REQUEST SHANE1, HERE YOU GO {file}
Hey thanks for the update but when I drag this into a chart nothing happens. anyone else facing this issue?
  • #6
  • May 17, 2021 9:08am May 17, 2021 9:08am
Thanks a load for the EA
Early bird gets the worm
  • #7
  • May 18, 2021 4:06am May 18, 2021 4:06am
Quoting kivanc
thanks so much qkcode! I was looking for something simple and effective like this. may I suggest a simple functionality? can you implement a simple visual order placement for the initial price point and tp and sl levels as well if possible? I tried to display what I mean here: {image}
been thinking the same.. maybe I'll do it in the future..
  • #8
  • May 18, 2021 4:24am May 18, 2021 4:24am
Quoting shane1
Thank you qkcode! This is very useful!!! Only a suggestion: 1. allow for an input to place the Buy Stop order at "Market" plus x-pips; where x = variable input of 15 pips 2. allow for an input to place the Sell Stop order at "Market" minus x-pips; where x = variable input of 15 pips The existing "$$" input remains unchanged unless one updates it manually. The above suggestion replaces the need to manually update the Stop Order price. It will be great if one has the option to place the Stop Order at either the "$$" input or at market +/- X-pips....

I get what you wanted but I think it will be messy... so.. sorry, I'm not gonna do it...
  • #9
  • May 27, 2021 9:01am May 27, 2021 9:01am
Quoting qkcode
Made this simple tool to place layer of orders from a given price point. This is an Expert Advisor (EA), place it in the Experts folder. {image} another variation to tool this can be found here. Brief description of the input needed : 1 - "$$" >> the initial price point where the layer of orders will be placed from. 2 - "Lot" >> the lot to be used in each order. 3 - "Step" >> the interval between orders (in pips). 4 - "Max" >> Maximum number...
Hi qkcode, first of all i'd like to thank you for a great little EA. i have been using/testing it on various charts/timeframe's to great effect, and have come across what i think is the only limiting factor with the EA. I like to scalp gold on the 1M timeframe, but i find by the time i've got to enter the price in the box, the price has moved/shot away and i find instead of being able trade, i'm constantly trying to change the price to be able to get in. Is it possible as a request if you think the same, to add a market execution buy/sell button which would override the price box, all the other parameters are already set in the EA, as in pips step,lot size and max trades etc, but it would make so much difference to be able to get in quick at the price i want!. Cheers and all the best mate, i know your probably a busy beaver with your coding but any thought's on this would be great..............Anthony.
  • #10
  • May 29, 2021 7:18am May 29, 2021 7:18am
Quoting chipsngravey
{quote} Hi qkcode, first of all i'd like to thank you for a great little EA. i have been using/testing it on various charts/timeframe's to great effect, and have come across what i think is the only limiting factor with the EA. I like to scalp gold on the 1M timeframe, but i find by the time i've got to enter the price in the box, the price has moved/shot away and i find instead of being able trade, i'm constantly trying to change the price to be able to get in. Is it possible as a request if you think the same, to add a market execution buy/sell...
Easiest solution is enter trade my open of M1 (example for any tf) then open of second M1 triggers the position. and exit by TF will happen at close of any last candle TF other than M1 .It could be from M5 onwards. Two separate tf selectors needed.
Practice makes a person perfect
  • #11
  • May 29, 2021 10:35am May 29, 2021 10:35am
Quoting simnz
{quote} Easiest solution is enter trade my open of M1 (example for any tf) then open of second M1 triggers the position. and exit by TF will happen at close of any last candle TF other than M1 .It could be from M5 onwards. Two separate tf selectors needed.
Hi SIMNZ, thanks for the comment. As you can tell i'm not a coder, i have gone over your post several times but unfortunately have no idea as to what your proposing?, it all sounds complicated to me. Is it not possible just to add a market execution buy/sell button that will trade the pre defined inputs of the EA?. When i trade XAU/USD 1M timeframe i don't use pre-set SL or TP, in fact in don't use either of them at all, i decide when to get in and get out. I have three indicators that i use combined for entries and exits and i need/want instant execution, apart from this fact the EA is just about perfect for my needs. If i was trading any other forex pair using support and resistance level's then this EA does everything you could want, but unfortunately on the 1M gold it just takes too much time constantly trying to input the price before the price has already moved away from where i want to enter. Many thanks for your comment though mate, cheers and all the best............Anthony.
  • #12
  • May 29, 2021 11:25am May 29, 2021 11:25am
Quoting qkcode
Made this simple tool to place layer of orders from a given price point. This is an Expert Advisor (EA), place it in the Experts folder. {image} another variation to tool this can be found here. Brief description of the input needed : 1 - "$$" >> the initial price point where the layer of orders will be placed from. 2 - "Lot" >> the lot to be used in each order. 3 - "Step" >> the interval between orders (in pips). 4 - "Max" >> Maximum number...
I don't know Excel or any programming language. But because of my 36 years of trading experience, I can design logic.
For chipsngravey, you can consider having three buttons for timed entry and timed exit.

Sell by TF open (Example of M1 TF etc). If you select M1 then the entry will trigger in the open of the second minute .
Buy by TF open (Example of M5 TF etc). If you select M5 then entry will trigger in the open of the 6th minute.

Close by TF close: If opened by M1 TF you can close in all subsequent TFs but not in M1. If you opened by M5 you can close in all TFs of M5 and onwards.
This timed logic is from the EA at this mql link
https://www.forexfactory.com/thread/...6#post13344626
Practice makes a person perfect
  • #13
  • May 29, 2021 11:33am May 29, 2021 11:33am
Quoting simnz
{quote} I don't know Excel or any programming language. But because of my 36 years of trading experience, I can design logic. For chipsngravey, you can consider having three buttons for timed entry and timed exists Sell by TF open (Example of M1 TF etc). If you select M1 then the entry will trigger in the open of the second minute . Buy by TF close (Example of M5 TF etc). If you select M5 then entry will trigger in the open of the 6th minute. Close by TF close: If opened by M1 TF you can close in all subsequent TFs but not in M1. If you opened by...
Ok SIMNZ, thanks for the explanation, i'll check out the link you provided mate.
  • #14
  • May 29, 2021 11:46am May 29, 2021 11:46am
Quoting chipsngravey
{quote} Ok SIMNZ, thanks for the explanation, i'll check out the link you provided mate.
Ok SIMNZ, now after looking at your link i see what you mean, easier visually to see what you were saying. I'll definitely be giving it try when the market opens and see how it goes, many thanks mate for all your help.........Anthony.
  • #15
  • May 31, 2021 6:51am May 31, 2021 6:51am
Quoting simnz
{quote} I don't know Excel or any programming language. But because of my 36 years of trading experience, I can design logic. For chipsngravey, you can consider having three buttons for timed entry and timed exit. Sell by TF open (Example of M1 TF etc). If you select M1 then the entry will trigger in the open of the second minute . Buy by TF open (Example of M5 TF etc). If you select M5 then entry will trigger in the open of the 6th minute. Close by TF close: If opened by M1 TF you can close in all subsequent TFs but not in M1. If you opened by...
Hi SIMNZ, just wanted to thank you for point out thee tool in the link, just what i was looking for
  • #16
  • Aug 5, 2021 9:39pm Aug 5, 2021 9:39pm
This is a fantastic EA. For the next version it would be great to be able to set Take Profit 1,2 and 3 and drag them on the screen to appropriate areas. Then there should be an option to set remaining positions to Breakeven + if you want to keep runners going.

Also, I'd love to see a button to close all positions immediately. This is the Emergency Eject button lol.

Thanks for all your help!
  • #17
  • Sep 29, 2021 11:25am Sep 29, 2021 11:25am
Hi

Are you able to program instant buy/ sell on this?

I'm looking for one exactly for this
  • #18
  • Sep 30, 2021 3:58pm Sep 30, 2021 3:58pm
Thanks a lot for the amazing job.
I would have a suggestion , adding a parameter that represent the delta (positive or negative or null) in terms of lots from the first order.

EG.:
If the first order start if 5 lots and the parameter is 0 all the following orders are opened with 5 lots.
If the first order start if 5 lots and the parameter is +1 the following orders are 6, 7, 8, etc. lots.
If the first order start if 5 lots and the parameter is -1 the following orders are 4, 3, 2, etc. lots.

Thanks
482
  • #19
  • Oct 1, 2021 1:12am Oct 1, 2021 1:12am
Quoting Neo482
Thanks a lot for the amazing job. I would have a suggestion , adding a parameter that represent the delta (positive or negative or null) in terms of lots from the first order. EG.: If the first order start if 5 lots and the parameter is 0 all the following orders are opened with 5 lots. If the first order start if 5 lots and the parameter is +1 the following orders are 6, 7, 8, etc. lots. If the first order start if 5 lots and the parameter is -1 the following orders are 4, 3, 2, etc. lots. Thanks 482
will it add to winning trades also like grid or losing trades like martiangle?
  • #20
  • Oct 1, 2021 11:21am Oct 1, 2021 11:21am
Quoting T4Trade
{quote} will it add to winning trades also like grid or losing trades like martiangle?
Yep a sort of antimartingale...
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