Looking for Same time, Everyday - place pending order EA | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EA to place pending order at MA price line 6 replies

MT4 Order Pending Order/Order Modify Issue 1 reply

EA that trades at the same exact time everyday 4 replies

How to place pending order on MT4 platform 4 replies

Looking for a place pending orders EA 3 replies

Attachments: Looking for Same time, Everyday - place pending order EA
Exit Attachments

Looking for Same time, Everyday - place pending order EA

  • #1
  • First Post: Sep 1, 2021 10:11pm Sep 1, 2021 10:11pm
Hello!!!
Hopes you and your lovely one are safe with this hard situation. I'm looking for EA, I search everywhere.. But I have not met what I need. So, I'm looking big help.

01. I need open both side pending orders at same time. (Buy and Sell STOPS) - Only open and Its not expire time. After active the trade end with SL or TP.
02. After open one Pending order, Should delete opposite one.
03. ''Distance'' from open price for place Buy and Sell STOPS and SL & TP levels.

Example-

01. I need select 13:17 as specific time. When GU comes to time time open two Buy and Sell Stops.
02. If 1st active Buy, Immediately close Sell STOP.
03. Lets think in this given time GU price is 1.1000, Then I need place 5 pip above and below for Buy and Sell Stops.

Thank you very much!!!
  • #2
  • Edited 10:52am Sep 2, 2021 8:02am | Edited 10:52am
Hi! If you're still interested we could talk about this via e-mail, I could program an EA that suits your needs.
Hit me up if you wanna keep talking about it, I have some free time now so I'm available.
  • #3
  • Sep 2, 2021 10:12am Sep 2, 2021 10:12am
Quoting Einer-9
Hi! If you're still interested we could talk about this via e-mail, I could program an EA that suits your needs. Hit me up if you wanna keep talking about it, I have some free time now so I'm available. My address is: { email address deleted by staff }
Hello dear Einer-9,

I appreciate about your reply on me. As well as we can continue our conversation ahead on here because of everyone can join here and they can discuss, share experience and more. Can you create EA? Lets share! This is only very beginning level and we need done 1st step.

Many thanks
  • #4
  • Sep 2, 2021 11:00am Sep 2, 2021 11:00am
Quoting ALPhaREDz
{quote} Hello dear Einer-9, I appreciate about your reply on me. As well as we can continue our conversation ahead on here because of everyone can join here and they can discuss, share experience and more. Can you create EA? Lets share! This is only very beginning level and we need done 1st step. Many thanks
Sure! Just a few questions about it to make it clear that I got what you want right.
You want to be able to select a time (24h range) for example 13:37, this number would be given as a parameter to the EA.
You would also give the EA a distance parameter, which will be the distance from the current price, in which the EA will place the stop orders.
You would also give the EA SL and TP parameters.

In whichever chart you want, you'd launch the EA with the respective parameters, and as soon as the time is hit (we should work local time I believe?), the EA places both orders, and as soon as one of them gets triggered, the other gets canceled.

I can do that with no particular issues.

Last question, regarding position size, would you want a parameter for fixed lot sizes, or would you like it to open positions based on risk, for example a % of the equity of the account?

Thanks for your time!
  • #5
  • Sep 2, 2021 12:43pm Sep 2, 2021 12:43pm
Quoting Einer-9
{quote} Sure! Just a few questions about it to make it clear that I got what you want right. You want to be able to select a time (24h range) for example 13:37, this number would be given as a parameter to the EA. You would also give the EA a distance parameter, which will be the distance from the current price, in which the EA will place the stop orders. You would also give the EA SL and TP parameters. In whichever chart you want, you'd launch the EA with the respective parameters, and as soon as the time is hit (we should work local time I believe?),...
Yes, We need Parameter for fixed lot sizes and Fixed SL TP. And can we change Time parameter for server time? If this strategy works well, we have to do more!!!
  • #6
  • Sep 2, 2021 5:56pm Sep 2, 2021 5:56pm
Quoting ALPhaREDz
{quote} Yes, We need Parameter for fixed lot sizes and Fixed SL TP. And can we change Time parameter for server time? If this strategy works well, we have to do more!!!
Sure, I'll work on it tomorrow morning, I should have a first iteration in a couple hours, I'll attach it here and you can test it and get me some feedback back.
  • #7
  • Sep 2, 2021 7:47pm Sep 2, 2021 7:47pm
Quoting Einer-9
{quote} Sure, I'll work on it tomorrow morning, I should have a first iteration in a couple hours, I'll attach it here and you can test it and get me some feedback back.
Pleasure hear from you! After your hard part we can test it with specific time settings. Good day!
  • #8
  • Sep 4, 2021 5:28am Sep 4, 2021 5:28am
Quoting ALPhaREDz
{quote} Pleasure hear from you! After your hard part we can test it with specific time settings. Good day!
Took a bit longer but here you go, first version with all the basics you needed.

I tested the basic functionality and it should be working flawlessly.

I'll keep an eye on the threat and on DM's for anything you might need.
Hope it works to your requirements!
Attached File(s)
File Type: ex4 Chronos.ex4   16 KB | 550 downloads
  • #9
  • Sep 4, 2021 6:53am Sep 4, 2021 6:53am
Quoting Einer-9
{quote} Took a bit longer but here you go, first version with all the basics you needed. I tested the basic functionality and it should be working flawlessly. I'll keep an eye on the threat and on DM's for anything you might need. Hope it works to your requirements! {file}
Thank you so much! I tested it and works very smoothly. But we missed very important part brother - After open one order, Should delete next one.

And can we add this function?

* Add another entry point as- Between two times Hi & Low + and - Distance to place orders in pips = Entry.
Its very useful. (Example - We need 10.00am - 10.30am on this time High and Low prices + and - 5pips = Pending orders.) Our other parameters are very useful to mix with this. (I think we can use candlestick hi & low if it possible, it s very effective)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2021-09-04_17-21-58.png Size: 151 KB
  • #10
  • Sep 4, 2021 11:40am Sep 4, 2021 11:40am
Quoting ALPhaREDz
{quote} Thank you so much! I tested it and works very smoothly. But we missed very important part brother - After open one order, Should delete next one. And can we add this function? * Add another entry point as- Between two times Hi & Low + and - Distance to place orders in pips = Entry. Its very useful. (Example - We need 10.00am - 10.30am on this time High and Low prices + and - 5pips = Pending orders.) Our other parameters are very useful to mix with this. (I think we can use candlestick hi & low if it possible, it s very effective) {image}...

In my testing the operations are being deleted without issue
As soon as the time triggers, the bot launches 2 stop operations, and as soon as one of them is triggered, the other gets deleted. Is not working like that on your setup? Or is this not the behavior you were asking for?
Attached Image (click to enlarge)
Click to Enlarge Name: cfe2df232864e1e6597dbc4f0fcff8a0.png Size: 132 KB
Orders are triggered at 00h59m (red), then price moves to open the sell operation (green), and the buy one gets canceled (blue). Is not behaving like this in your testing?


I can add the latter functionality as you're asking for, but I need to understand it a bit clearer, I understand the the price for the setup, but not the "Between two times part". Wouldn't it be just one time? I mean, if it is at the close of the candle that goes from 10.00am to 10.30am for example, why not just input 10.30 in the parameters? I might be missing something haha. When we got that clear yeah it shouldn't be hard to add it.
  • #11
  • Sep 4, 2021 1:18pm Sep 4, 2021 1:18pm
interesting strategy @ALPhaREDz


Did you test this strategy manual?


@Einer-9, Can we backtest this EA in mt4?
  • #12
  • Sep 4, 2021 3:19pm Sep 4, 2021 3:19pm
Quoting urspolar
interesting strategy @ALPhaREDz Did you test this strategy manual? @Einer-9, Can we backtest this EA in mt4?
You should be, the last screenshot I posted was taken during a backtest.
  • #13
  • Sep 4, 2021 5:43pm Sep 4, 2021 5:43pm
Quoting Einer-9
{quote} In my testing the operations are being deleted without issue As soon as the time triggers, the bot launches 2 stop operations, and as soon as one of them is triggered, the other gets deleted. Is not working like that on your setup? Or is this not the behavior you were asking for? {image}Orders are triggered at 00h59m (red), then price moves to open the sell operation (green), and the buy one gets canceled (blue). Is not behaving like this in your testing? I can add the latter functionality as you're asking for, but I need...
My apologize. Now EA works very well after restart everything. Again sorry for mistake.
Everything fine. every functions works smoothly.

New part is ''Entry'' as I posted screen shot. Simply it need high and low prices of given candlestick.
Example-

We need open GU trade at 10.30. after finish (10.00am - 10.30am) 30min candle. Our Entry time is now 10.30 our Entry prices are candles High and low.
Place two pending orders at 10.30am.
10.00 -10.30 High price + Distance to place order in pips = BUY STOP
10.00-10.30 Low price + Distance to place order in pips = SELL STOP

Is it clear brother?
This High and Low entry system can X2 or more accurate than ONE PRICE ENTRY.

Specially I should Thank you! your dedicated works on weekend!
  • #14
  • Sep 4, 2021 5:51pm Sep 4, 2021 5:51pm
Quoting urspolar
interesting strategy @ALPhaREDz Did you test this strategy manual? @Einer-9, Can we backtest this EA in mt4?
Hello,

Manually I did it long time for many securities. One pair-one trade for one day. I believe strategy must be every simple and powerful.
  • #15
  • Sep 5, 2021 4:12am Sep 5, 2021 4:12am
Quoting ALPhaREDz
{quote} My apologize. Now EA works very well after restart everything. Again sorry for mistake. Everything fine. every functions works smoothly. New part is ''Entry'' as I posted screen shot. Simply it need high and low prices of given candlestick. Example- We need open GU trade at 10.30. after finish (10.00am - 10.30am) 30min candle. Our Entry time is now 10.30 our Entry prices are candles High and low. Place two pending orders at 10.30am. 10.00 -10.30 High price + Distance to place order in pips = BUY STOP 10.00-10.30 Low price + Distance...

If you give the entry point "10:30" to the bot in the parameters, it is very easy to do, in fact I'll have the next version pretty soon, is a minor change.
I'll add another parameter on top of them, to select which mode you want, the first we developed, or this one of high's and low's, I'll make the latter the default one, so we add functionality without losing anything we already have.

I'll get back to you soon with the next version.
  • #16
  • Sep 5, 2021 6:17am Sep 5, 2021 6:17am
Actually just got it, there you go, attached there's the new version.
And here's the parameter you can change to go back and forth from one mode to the other:
Attached Image

Again I'll keep an eye on this, and wait for your feedback, hope it works properly!
Attached File(s)
File Type: ex4 Chronos.ex4   17 KB | 576 downloads
  • #17
  • Sep 6, 2021 2:08am Sep 6, 2021 2:08am
@ALPhaREDz what TP and SL do you use on this strategy?
  • #18
  • Edited Sep 7, 2021 12:27am Sep 6, 2021 9:52pm | Edited Sep 7, 2021 12:27am
Quoting Einer-9
Actually just got it, there you go, attached there's the new version. And here's the parameter you can change to go back and forth from one mode to the other: {image} Again I'll keep an eye on this, and wait for your feedback, hope it works properly!{file}
Thank you very much @Einer-9, I met the right person at right time for right project.

Everything fine. Every function works well. Here our plan for this EA-

01. Strategy
02. Money & Risk management
03. Entry
04. Exit

Earlier stage, With simple strategy we have done -
Entry- High low entry and additionally you added maximum Spread and slippage limits for protect entry.

Now the final stage. (Am sorry about adding these functions step by step nevertheless it keeps SIMPLE and this is final update!) Here what are the new-

EXIT , FILTER and Position size.

EXIT (Stop Loss/Take profit) and Remove pending orders -
we need add these THREE things-

01.We are only trade intraday. Can you please consider it and add Close all trades (Active and pending orders) END OF DAY? Brother no need parameter for change this time, enough fix time. (Server time 23.50 is good bro)

02. Most impotent Exit same as entry. (Stop loss) We need change our Exit as Entry.. When we use fix pip amount its hard to make consistent profits for long time. Reason is day volatility.
Buy SL = Candle Low - Distance to close orders in pips,
Sell SL = Candle high + Distance to close orders in pips.
(''Candle'' is our same Entry calculated candle)

03. TAKE PROFIT (TRAILING STOP or FIX Amount)
We can use FIX TP amount of pips or Adding TRAILING STOPS.We can use Trailing stop for gather trending days big pip amount. Its increase and keep our stability. I saw many scrips for Trailing stops google, But I don't know what are the right scripts for this.. So, I'm not attaching them.

*ADVANCE PART- After we achieve our 1st TP level we can continue Trailing stop as half of LOT SIZE.
Example - Our 1st TP 10Pips and lot size 0.7 .After achieve this 1st 10pips active trailing stop as same way, But close trade half of lot size and continue as 0.35 Lot size.
(This is only optional suggestion brother, Its on your hand)

FILTER

I'd like add this function for identify fake entries. (EMA Filter for place STOP ORDERS) most of times i saw market takes wrong entry. Please add parameter.
Inputs -
*Consider filter -Yes/No (If select NO, It means place both pending orders, If select YES, That mean only place one pending order with EMA)
*EMA Value

Example-
We need add 50EMA and when given entry time market is above of EMA, ONLY PLACE BUY STOP.

MONEY & RISK MANAGEMENT-
Earlier you suggest about lot size calculation. It as percentage of account balance. Only one parameter for this. It is percentage of risk to trade in capital.
Firstly EA know how much is SL. (Its above step of new adding High/Low SL) Secondly calculate the position size for LOT SIZE. I added a link of Position size calculator. (JPY, EURO are not offer same profit/Loss for one pip as USD and GBP... You know that. I just added it )
Can we add it now bro?

I know its not easy! You type my every letter as big code! I appreciate about your this hard works brother! Word of ''Thanks'' Its not enough for your works!

NOW EVERYTHING DONE!!!

Thank you so much brother, I'm waiting fr your valuable reply!

Attachments- (Its only for your convenience)
https://www.earnforex.com/guides/how...-size-in-mql4/
  • #19
  • Sep 6, 2021 10:44pm Sep 6, 2021 10:44pm
Quoting urspolar
@ALPhaREDz what TP and SL do you use on this strategy?
Please read my last reply to Einer-9. And wait till his feedbacks
  • #20
  • Sep 14, 2021 9:38pm Sep 14, 2021 9:38pm
Hi Einer-9,

Is the EA applicable for selected pairs only only? I tried on Gu, EU, UJ , UCad - only GU, EU and UJ entered.
Thanks.
0 traders viewing now