A better way to manage your positions in MT4 | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Losing Positions and How To Best Manage Them 4 replies

Oanda Traders - How do you manage positions? 5 replies

Discuss better ways to manage MT4 external/internal variables 7 replies

Need an EA to manage open positions 8 replies

Any way to "protect" your positions from the news? 9 replies

Attachments: A better way to manage your positions in MT4
Exit Attachments

A better way to manage your positions in MT4

  • #21
  • Aug 24, 2023 4:39am Aug 24, 2023 4:39am
Quoting Thakri
hello everyone, can any of you guys please tell me if there is a formula or a calculator to close the partial positions of my negative active order? Lets say I would like to close -$173 worth of partial lot size from the active position of -$300 which is 1lot. regards thakuri
Here you can see how partial closing works:

1. Select lot size that you want to close.
2. Select the trade by clicking on the lot.
3. Click on the close button (x) and then OK.

https://www.youtube.com/watch?v=jvqWcSBkn0M
  • #22
  • Edited 5:09pm Aug 24, 2023 4:32pm | Edited 5:09pm
[quote=alphaomega;14548447]{quote} Here you can see how partial closing works: 1. Select lot size that you want to close. 2. Select the trade by clicking on the lot. 3. Click on the close button (x) and then OK. https://www.youtube.com/watch?v=jvqWcSBkn0M[/quote
Thank you for getting back to me. I can't clearly see from on the video if this is what I am looking for but I will have a look if I can work with it.
Will let you know.
  • #23
  • Aug 27, 2023 10:46am Aug 27, 2023 10:46am
alphaomega,
Still a happy customer.
cpfleger
  • #24
  • Aug 29, 2023 2:10am Aug 29, 2023 2:10am
How to place and modify pending orders with attached stop loss, take profit and expiration date.

https://www.youtube.com/watch?v=239PH_p8n1s
  • #25
  • Aug 29, 2023 2:45pm Aug 29, 2023 2:45pm
Thanks alphaomega
That is really impressive.
How can I open a position that is 1% risk? Can this be calculated automatically? If not, will this be implemented in an update?
  • #26
  • Aug 30, 2023 2:35am Aug 30, 2023 2:35am
Quoting kofix11
Thanks alphaomega That is really impressive. How can I open a position that is 1% risk? Can this be calculated automatically? If not, will this be implemented in an update?
There is no such function at the moment. Maybe I will add something in future versions.
  • #27
  • Edited 9:42am Aug 30, 2023 9:03am | Edited 9:42am
Hotkeys for navigation with standard keyboard layout

Numpad on the right:

Key 7 and Key 9 - switch between symbols with open positions.
Key 4 and Key 6 - switch to next or previous symbol in the list.
Key 1 and Key 3 - switch to symbols with range % above the specified in the alerts setting.
Key 2 and Key 8 - switch to symbols where the current price is close to the lowest or the highest for the day.
Key 5 - switch to the most trending symbol in the standard list with 28 FX symbols.
Key + and Key minus - chart zoom in, zoom out.

On keyboard left.

Key H - hides the interface temporarily. Also you can click on "FX28 Trader" in the upper left corner.
Key W - increases chart price range.
Key S - decreases chart price range.
Key R - resets chart price range.
Key E - disables/enables chart auto scroll.
Key D - resets chart price range and enables chart auto scroll. (Returns the chart back to default setting)
  • #28
  • Edited Sep 1, 2023 2:05am Aug 31, 2023 7:05pm | Edited Sep 1, 2023 2:05am
[quote=alphaomega;14555854]Hotkeys for navigation with standard keyboard layout Numpad on the right: Key 7 and Key 9 - ............

mate thanks heaps this just gets better and better.

ok a couple of requests -
1. can you build hotkeys in for moving up and down the timeframes? like you've got 4 & 6 for the symbols in the list...? (say, maybe the up & down arrows?)
2. is it possible to choose to hide the green/red colours for up and down days? (I realize the red & green are tied to the ATR panel, so this might not be possible...)
3. in the column where you list the open positions and P&L, could you add the number of pips also?
none of these requests are game changers, bcos I'm totally into this trading panel. Before FX28 i had about 8 profiles with different currency pairs/indexes/commods grouped, which I had to jump between. Now I have 2 profiles - one for forex and one for index/commods.

thanks again alphaomega
We don't see things as they are - we see things as we are.
  • #29
  • Sep 1, 2023 3:13am Sep 1, 2023 3:13am
Quoting sonicvista12
Quoting alphaomega
Hotkeys for navigation with standard keyboard layout Numpad on the right: Key 7 and Key 9 - ............ mate thanks heaps this just gets better and better. ok a couple of requests - 1. can you build hotkeys in for moving up and down the timeframes? like you've got 4 & 6 for the symbols in the list...? (say, maybe the up & down arrows?) 2. is it possible to choose to hide the green/red colours for up and down days? (I realize the red & green are tied to the ATR panel, so this might not be possible...) 3. in the column
...
1. Hotkeys for timeframes - yes it's possible to do, I will think about it.
2. Can't hide the colours. You can disable the indicator entirely if you don't need it.
3. I can add this option in the settings to show positions P&L in points instead of account currency.
  • #30
  • Sep 1, 2023 3:54am Sep 1, 2023 3:54am
Quoting alphaomega
{quote}{quote} 1. Hotkeys for timeframes - yes it's possible to do, I will think about it. 2. Can't hide the colours. You can disable the indicator entirely if you don't need it. 3. I can add this option in the settings to show positions P&L in points instead of account currency.
which/where/what is the indicator/instruction for the red & green days on the chart? in mine it's linked to the overall colour scheme...
thanks for the others!
We don't see things as they are - we see things as we are.
  • #31
  • Sep 1, 2023 4:34am Sep 1, 2023 4:34am
Quoting sonicvista12
{quote} which/where/what is the indicator/instruction for the red & green days on the chart? in mine it's linked to the overall colour scheme... thanks for the others!
You can disable the parts you don't need.
Also to hide the chart colours set the number of daily candles to "0".

Attached Image (click to enlarge)
Click to Enlarge Name: hide daily info.png Size: 66 KB
  • #32
  • Sep 1, 2023 7:52am Sep 1, 2023 7:52am
Quoting alphaomega
{quote} You can disable the parts you don't need. Also to hide the chart colours set the number of daily candles to "0". {image}
ah that's the way to do it, thanks again alphao... the number of daily candles is the one.
I will rewatch the video where you show how to close multiple positions on a pair at once, comes in handy during NFP... but visually I jsut did lots of shorts on EU and it was so easy to manage on FX28 even closing them all manually, just being able to see where the B/E price level was gave me confidence to add more shorts on the down swing.
Thanks again this is truly game-changing. Efficient, minimalist design, effective.
We don't see things as they are - we see things as we are.
  • #33
  • Sep 3, 2023 4:54pm Sep 3, 2023 4:54pm
alphaomega,
what's going on? I got this message when I fired up my computer this morning. Please explain?
Attached Image (click to enlarge)
Click to Enlarge Name: YOUR TRIAL HAS EXPIRED.jpg Size: 51 KB
We don't see things as they are - we see things as we are.
  • #34
  • Sep 5, 2023 7:19pm Sep 5, 2023 7:19pm
Quoting sonicvista12
alphaomega, what's going on? I got this message when I fired up my computer this morning. Please explain? {image}
It's been over 48 hours since my last post, and no sign of Mr alphaomega... I would have liked him to explain why his trading panel had a trial expiry timer built into it, and why he never told us that was the case. I definitely feel like we have been used by Mr alphaomega to be his lab rats, running beta-tests on his system for him to iron out any bugs, before presumably releasing it for a price, for profit.
I hope I am wrong, and I ask Mr alphaomega one last time to explain why his trading panel is no longer functional.
Not impressed...
We don't see things as they are - we see things as we are.
  • #35
  • Sep 6, 2023 4:38am Sep 6, 2023 4:38am
Quoting sonicvista12
{quote} It's been over 48 hours since my last post, and no sign of Mr alphaomega... I would have liked him to explain why his trading panel had a trial expiry timer built into it, and why he never told us that was the case. I definitely feel like we have been used by Mr alphaomega to be his lab rats, running beta-tests on his system for him to iron out any bugs, before presumably releasing it for a price, for profit. I hope I am wrong, and I ask Mr alphaomega one last time to explain why his trading panel is no longer functional. Not impressed...
It is what it is. It says TRIAL has expired very clearly.

"Not impressed" ? You said otherwise in the previous posts! You said you like the product. Now you flip....

Sorry, but I'm tired of beggars looking for free products and have demands on top of that.
If you are serious fx trader you will buy the right tools and you will support the developers for their time and efforts!

Otherwise there is plenty of free useless garbage out there.
I'm trying to do something better. And anything better costs time and money!
  • #36
  • Sep 6, 2023 5:13am Sep 6, 2023 5:13am
Quoting alphaomega
{quote} It is what it is. It says TRIAL has expired very clearly. "Not impressed" ? You said otherwise in the previous posts! You said you like the product. Now you flip.... Sorry, but I'm tired of beggars looking for free products and have demands on top of that. If you are serious fx trader you will buy the right tools and you will support the developers for their time and efforts! Otherwise there is plenty of free useless garbage out there. I'm trying to do something better. And anything better costs time and money!
you missed my point. At no time in any of your posts did you state openly and honestly that there was a time limit on this trading panel.

I'm not impressed with your behaviour. As a programmer you may be brilliant. As a human being, you are a very low creature indeed.
We don't see things as they are - we see things as we are.
  • #37
  • Sep 6, 2023 5:48am Sep 6, 2023 5:48am
Quoting sonicvista12
{quote} you missed my point. At no time in any of your posts did you state openly and honestly that there was a time limit on this trading panel. I'm not impressed with your behaviour. As a programmer you may be brilliant. As a human being, you are a very low creature indeed.
Funny logic you have. Just because you did not get the product for free, now you blame my personality?
  • #38
  • Last Post: Sep 6, 2023 7:33am Sep 6, 2023 7:33am
Quoting alphaomega
{quote} Funny logic you have. Just because you did not get the product for free, now you blame my personality?
again, you miss the obvious logic... no, not your personality, your deceptiveness. You should have been honest and told us we were to be your testers and that it would be for a limited time only. That's all.

Good luck with the commercial launch of your product.
We don't see things as they are - we see things as we are.
1 trader viewing now