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Hedge Trade-panel

  • #341
  • Jul 2, 2021 8:25pm Jul 2, 2021 8:25pm
Quoting pipatronic
Thanks for that Nich, Ordercloseby is new to me, will check it out, good job. Pip
anyone have an indicator like this?
Attached Image
  • #342
  • Jul 19, 2021 9:12am Jul 19, 2021 9:12am
HI Everyone,

Arnie here. Been reading through this thread and LOVE the EA but I've hit a snag. It might seem silly to people but I'm confused with the BELPips and MinProfitBEL. Would someone please be so kind as to explain what these are so I know the difference in their function. Thanks in advance.
I believe simple is best
  • #343
  • Dec 15, 2021 8:15am Dec 15, 2021 8:15am
Quoting billv
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...
I would like to congratulate you for this awesome tool. I found this latest version with great features. But I've made all the recommendations and I couldn't configure it for use on the NAS100, can you help me please? Attached to the image as is the counting at the broker I use, the minimum lot is 0.1 and the quotation is in the format 16000.00
  • #344
  • Jan 3, 2022 9:03am Jan 3, 2022 9:03am
Quoting lddd
{quote} Could you illustrate what you describe here, i am not sure what you mean by "proper flipping techniques"...
you can flip buys into sells and the other way around. this is all wе know as a common flipping. but there is one more way to manage buys and the sells. not merging them into one another... the chart also wants you to merge them, but i think, this is not in your best interest at all...
Maadik Hugiis. IQ 69.
  • #345
  • Jan 13, 2022 4:10pm Jan 13, 2022 4:10pm
Quoting billv
New Version 37.1 The previous version had a bug where if we removed the EA, the chart was closing New EA users of Versions V37 and above, please read post 308 because the currency pair formating has changed. Existing users of older EA versions, please note that if you load your old set file (created by your previous EA version) you will get an error. In order to avoid this error, edit your "pairsToTrade" list and have a semicolon separating each currency pair name ( replace the dot with the semicolon) Example AUDUSD;EURUSD;GBPUSD etc {file}
can you code his idea of an option to change the closing order

https://www.forexfactory.com/thread/...8#post10674928

Quoting mathFx
Very fast indeed, Excellent work! Thanks for sharing! I always use OrderCloseBy or MultipleCloseBy for closing positions. One suggestion: The algorithm sorts the "buy" and "sell" positions by lot size first; if Net position is positive or negative (!=0) the netting method:" last buy"-> hedge-> last sell (or opposite) + remaining open positions. If sorting (buy and sell positions) in the code is done by "position price" first, the outcome should be better. For example: If i have many open positions and at some point I want to be as much...
  • #346
  • Mar 15, 2022 6:05am Mar 15, 2022 6:05am
This tool its awesome. Im using your hedge panel in the last version and its awesome. I came to a way for trading profitable at any level but with the actual settings its not possible. The idea its simple;

when you open for example a buy and the auto hedge activates opening a sell, if the ea would have and option to reduce the lossing side of the hedge like a trade recovery function as long as the market keeps moving in any direction we could close the hedge in that way. right now the ea only manage the trade recovery for the profitable side. if the ea deals with the lossing side would be great closing small parts of the lossing hedge with the profitable side. you think its possible to be coded?

Thanks anyway for this awesome tool
Trade what you see
  • #347
  • Apr 13, 2022 6:19pm Apr 13, 2022 6:19pm
Quoting ghbdr
This tool its awesome. Im using your hedge panel in the last version and its awesome. I came to a way for trading profitable at any level but with the actual settings its not possible. The idea its simple; when you open for example a buy and the auto hedge activates opening a sell, if the ea would have and option to reduce the lossing side of the hedge like a trade recovery function as long as the market keeps moving in any direction we could close the hedge in that way. right now the ea only manage the trade recovery for the profitable side. if...
Thank you for your input, I will consider it.

However, if we were to recover the losing trades in this way, we would need to place additional trades
and some traders who are not disciplined might be tempted to keep placing more and more trades and put their account at risk.
Have a nice day
  • #348
  • Jun 19, 2022 4:46am Jun 19, 2022 4:46am
Hi, can I ask help how to install this HedgeTradePanel.ex4? Thank you very much.
  • #349
  • Jul 9, 2022 3:35am Jul 9, 2022 3:35am
Quoting rommxb
Hi, can I ask help how to install this HedgeTradePanel.ex4? Thank you very much.
Google is your friend

How do I install an Expert Advisor on MT4?

  1. Open the MT4 platform Select 'File' from the main menu.
  2. Click on 'Open Data Folder' to bring up a new folder panel.
  3. Select the 'MQL4' folder, followed by the 'Experts' file.
  4. Drag and drop your EA file(s) into this folder.
  5. Restart MetaTrader 4 for your changes to take effect.

Have a nice day
  • #350
  • Jul 14, 2022 9:59am Jul 14, 2022 9:59am
want to thank Nicholishen and Billv for the development of the hedgepanel and give some general EA thoughts.
Each EA has a somewhat complex logic and without the source it would be difficult for us to grasp the full strength and weaknesses of the EA. And despite the development of EA, few people will use it, and I would go back to the version I think V17 with the code to evaluate how to use it or change it. The purpose of the panel was to show CLOSEBY and trying to upgrade it to become a panel for everything (baskets, hedging, nets in both directions, and ..) is pointless and would confuse the action code and make it difficult to use.
This can be achieved with another approach, building a Dashboard with the incorporation of methods for managing (individual BE positions, increasing and decreasing positions, averaging and then virtual management by hiding our real SL TP..., of whole movements, management of hedge positions, 2 direction grid, management of entire instruments, basket, total EQUITY, ... ). And this can only be optimized if everything is in one EA. This work can be achieved by a team of coders and people with new ideas to counter Whales, lack of real data (order flow) and HF robots.
I look at a lot of robots but sometimes they get in the way and need quick control with stop and go of one or another method of automation.
We may discuss a lot of details, but I'll stop here for now and hope we can be a team someday and help each other build a strong EA.
  • #351
  • Jul 14, 2022 11:29pm Jul 14, 2022 11:29pm
Your video is not showing right now! By the way, I don’t think hedging is a suitable trading style for the retail Forex traders! It’s a complicated trading system!
  • #352
  • Feb 8, 2023 9:53am Feb 8, 2023 9:53am
Quoting danjuma
{quote} Many thanks Billy. And sure, you are right, you have been very patient and have been responding and answering a lot of questions, so do not blame you if you feel a bit tired of continually answering questions. I will just have to play with the EA and try figure out all the functions. Just one last thing, your video in a post some way back shows a chart with an indicator showing open trades (I have attached an image below). What indicator is that please and can you share it? Thanks {image}
hello,
what's indicator "1 buy = 1 lots"
thank you very much
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 46 KB
  • #353
  • Feb 14, 2023 2:32am Feb 14, 2023 2:32am
I tried everything to get this to work but it just wont place a trade.
I added the correct symbols in the settings but that doesnt work.

Is this indicator still under development?
Or is there an alternative? I love the concept.
  • #354
  • Mar 12, 2023 6:49am Mar 12, 2023 6:49am
Quoting GreyInvest
I confirm it too Description the same as you @billy {image}
Yes but the first order must go in profit if not doesn't work
  • #355
  • Nov 23, 2023 3:47pm Nov 23, 2023 3:47pm
Quoting richeso
{quote} hello, what's indicator "1 buy = 1 lots" thank you very much {image}
The Indicator you are seeing is called me_Breakeven_line and you can get it here
https://www.forexfactory.com/thread/...3#post12250823
Have a nice day
  • #356
  • Dec 7, 2023 10:17pm Dec 7, 2023 10:17pm
Hi Bro!
Have a nice day!
Can you help me? When I use EA for XAU/USD I got this erros :
Thanks for help!
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 18 KB
  • #357
  • Last Post: Jun 17, 2024 5:57am Jun 17, 2024 5:57am
Just visiting this EA again. Billy, if you still visit this thread, have you got and updated version since V37.1, which is the last version posted, and it seems to not be functioning properly. For example, when I attached it to a chart, with 'Only manage panel orders' unticked so the EA could manage manually opened trades, but even though many manual trades were opened, the 'Net Position' just shows 0.00! When for example, as a test, I manually opened an hedge trade using 'HEDGE' button, although an hedge trade was opened, when I then tried to close the hedge trade using 'CLOSE HEDGE' button, it doesn't close, and I get error 'OrderCLoseByError: 3'. I have tested every function, but it just feels like there might issues with the last version (V37.1) posted, and don't want to risk using it live, with potential issues!
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