News releases and use of EA

This is my first post in this excellent forum …. Hi to all of you.

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So my problem ….

I have a automated screen shot program that execute an instant Sell or Buy signal at the Order pop-up window, IBFX. I also use a simple EA with set of Lots, Deviation, Trailing Stop and SL. So far so good.<o></o>

When Sell or Buy is activated on a News release, the trade starts with the Trailing Stop according to my EA settings, but it seems like the values in the Order pop-up window override all the other the values set in my EA.<o></o>

I only wish to use the settings in my EA and not those from the Order window (only for execution). Is that possible and if so, how can it be done by MT4 programming?<o></o>

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Need some help on this issue. <o></o>

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Torfinn<o></o>

Hi Torfin,

I'm not sure I follow what is happening. What settings, specifically, in the order pop up window are overriding your EA's settings? Could you explain the problem a bit more?

Thanks.

stockwet

Hi Torfinn,

When you say that the screen shot program executes the order, do you mean with a keyboard orr mouse click macro by "pressing" F9 and "clicking" 'Sell' for instance? If so, your MetaTrader preferences will take over. If you use the EA to actually place the order rather than using the macro, you should be able to tell it to place however large or small an order you want.


My apologies if I misunderstood the problem.


Seavo

Maybe i'm off the track but anyway:
"I have a automated screen shot program that execute an instant Sell or Buy signal at the Order pop-up window"
Its a external program that automate your order for you ( Like if it was you )
It open and execute your order for you and after the EA from MT4 take on...?

"I only wish to use the settings in my EA and not those from the Order window (only for execution)."
If tools -> option -> trade -> "Lots by default" and/or "Deviation by default" are set to "last used" it will take the last one enter, if not, it will always put the number by default...

If i'm right, yes it can be done

Thanks to all 3 of you for trying to help.

Zeuzere and Seavo, you are right about the kind of screen shot program I'm using, mouse click macro.
Yes, in Tool menu you can enter values of Lots and Deviation, but you can also do that in the Order menu and it don't solve my problem.
In the Order window you can set Lots, Deviation, SL and Take Profit, but as long as SL and Take Profit are NOT pip values I can't use them.
All those values seems to override the same settings (but in pips) in my simple EA. I place the orders with a mouse click macro and then I wish the EA to take our.
When News are released I get a buy or a sell signal activating the trade through the mouse click macro so I can't activate with my EA, only let it take our.
The Trailing Stop is the only that seems to be placed by the EA and I guess it's because you can't find that option in the Order window.

It's the SL in pips I really miss and need. In my EA, SL is in pips, but it's not entered and I don't know or understand why or how to solve that problem.

Hope to find a solution? Is it one?

Torfinn

Hi Torfile,
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From what I'm getting, the main issue is the SL? When you say that it has to be a pip value, you mean like '15' rather than '1.9423' or whatever 15 pips is from the current price right?<o></o>

I'd try one of three things:<o></o>

1. Use the screenshot program to click the up or down arrows next to the SL entry 15 times. It will automatically populate the appropriate price. Be careful with this one though. Since it's a macro it doesn't know or care what it's clicking ;-)<o></o>

2. Create two EAs. One that places the buy order and the other that places the sell order and both have the logic from your current EA. Then use the macro program to launch the right one.<o></o>

3. This one is the most intimidating, but really probably the easiest in the long term. Write a routine in your EA to watch for a new order and if one is found use the OrderModify command to set the SL and TP. This way you won't have to change your macro every time you switch screen resolutions or try to remember not to leave your metatrader minimized or something.<o></o>

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Hope that works for you!<o></o>

<o></o>

Seavo<o></o>

<o>---Edit---</o>
<o></o>
<o>BTW, If the macro is being used to scrape info from a website or something you can put the info into a text file and have an EA read it to decide if to buy/sell. There are a couple threads either here or on forex-tsd that talk about doing that.</o>

Thanks again Seavo.

I didn't tell that my programming skills isn't much to talk about, not yet, but I'm learning ..... a little bit more every day.

Point 1 and 2 don't help much, but what you say in your point 3 seems to be the answer to my prayers.

This evening I have tried to transfer your advice to my EA. After all kind of errors when compiling, trying to, I finally got a line free from errors.
OrderModifi(OrderTicket(),OrderStopLoss(),OrderTakeProfit(),0,CLR_NONE);

Do you think that one is ok?

If it's the right one I don't know yet, but when I placed it different places in my EA things did happen........ can't say anything is working as I wish yet, but hope I'm close.....

This is fun ..... I mean learning ....
Will do some more tests tomorrow.

Torfinn

Thanks a lot for helping. I have been strugling with this problem of mine for about 3 weeks now.
With your help, hopefully I can soon consentate on my trading again.

Yeah! That's the answer.

You can also give it defined sl, tp etc as well, but if it's working, I'd leave it alone

You can find info on the OrderModify() command here:

http{colon}{slash}{slash}docs{dot}mql4{dot}com{slash}trading{slash}OrderModify
Sorry, I don't think I have enough posts to actually post the link (hope the mods don't get mad about this kludge ) If it gets removed, just google "MQL OrderModify()" and it's the first result.

BTW, depending on where the line is inside your code, it will definitely generate different results. Check out CodersGuru's lessons on www{dot}metatrader{dot}info (or google codersguru---sorry again mods). It's under "Books"

Also, keep in mind that everything that happens between this: '{' and this: '}' is grouped together, so if you put your OrderModify() line in there, it will only be run if the parameter immediately in front of the '{' has a true value. For instance:
if(MovingAverage1 > MovingAverage2 && RSI < 20){
OrderModifi(OrderTicket(),OrderStopLoss(),OrderTak eProfit(),0,CLR_NONE);

}
Wouldn't really work at all Make sure all of the '{' symbols are closed wherever your OrderModify is unless you want it to be inside of the loop.

Good luck man. Hope you collect many pips! :-)

btw, I love learning too. All my friends think I'm nuts, but learning about trading is the most fun I've had in YEARS! Thanks for letting me share a little knowledge too

See you around Torfilie.


Seavo

Thanks again Seavo,

My screen shot program combined with my EA still didn't work well when the marked closed on Friday (no more testing), but thanks to you, now I know how to work with the problem and maybe just after the weekend it will work just fine ..... hope so. Look forward to test ideas about small program changes I got during the weekend.
Great links you showed me

Torfinn