ECN ordersend without ordermodify

Hi all,

As the title states, can i have an ordersend for ECN(MBTrading) with no SL and TP set because i dont intend to have any stoploss and Takeprofit in the ordersend? I dont intend to invoke the ordermodify function after the ordersend. So basically, i intend to close my order (Buy or Sell) in ECN(MBTrading) manually.

So basically i intend to do this:

ordertick = OrderSend(Symbol(), OP_BUY, Lots, Bid, Slippage, 0, 0, Comments, MagicNumber, 0, Blue);

Do i need to declare to normalisedouble the Bid variable above ?

Regards
Keiran

I haven't actually seen the unnormalized Bid price cause an error yet, but why take chances. It is known that values like High, Low, Open and Close need to be normalized when used in OrderSend(), so why not take the extra precaution. Think of it as safety code like checking for divide by 0 and extra brackets in logical comparisions.

in OrderModify put:0,0,
OrderModify(OrderTicket(),OrderOpenPrice(),0,0,0,Red);

forexman77,

You are technically correct but I believe the ordermodify would be superfluous.

Keiran1983,

You might want to change the Bid to Ask...........you buy at Ask and Sell at Bid.

B|A
---- <<<<<<< this is my little picture for remembering it.
S|B

Regards

Kenny

Hi all,

I have this now:

extern double Lots = 0.1;
int MagicNumber = 0;
int Slippage = 0;
string Comments;
int ordertick;
bool xbool;
double askprice;
int point;

ordertick = OrderSend(Symbol(), OP_BUY, Lots, Ask, Slippage, 0, 0, NULL, MagicNumber, 0, Blue);
bool xbool = OrderSelect(ordertick, SELECT_BY_TICKET);
OrderModify(OrderTicket(),OrderOpenPrice(),0,0,0,Red);
if (!xbool) Print("OrderModify() ticket=",ordertick," failed with error code ",GetLastError());


But still carnt be able to pass any orders (Sell or Buy).

The error codes are:
USDJPY,H1: removed
USDJPY,H1: uninit reason 0
USDJPY,H1: OrderModify() ticket=-1 failed with error code 4051
USDJPY,H1: invalid ticket for OrderModify function
USDJPY,H1 inputs: Lots=0.1;
USDJPY,H1: loaded successfully


Can anyone tell me what i can do to pass this entry. This is indeed frustrating !

There are at least 2 problems here :-

First off, there is no error trapping for the initial order, so if this order fails, you are trying to execute the OrderModify function on an order that does not exist.

Secondly, you are telling the OrderModify to execute irrespective of whether xbool is true or false......if the xbool is false, it means that the Order has not been selected and you cannot therefore modify it.

Final point seems to be that it will give you an OrderModify error 1 if the stops are unchanged, so I come back to my point that the OrderModify is superfluous if you are not actually changing the stops. Error 1 is not an error, but more of a response to tell you that nothing has been changed.

This code is better.......

ordertick = OrderSend(Symbol(), OP_BUY, Lots, Ask, Slippage, 0, 0, NULL, MagicNumber, 0, Blue);
if (ordertick > 1){
if (OrderSelect(ordertick, SELECT_BY_TICKET))OrderModify(OrderTicket(),OrderOpenPrice(),0,0,0,Red);
else Print("OrderModify() ticket=",ordertick," failed with error code ",GetLastError());
}
else Print("OrderSend ticket=",ordertick," failed with error code ",GetLastError());

Thank you Kennyhubbard !!!

I have modified the code on my end and obtained the following errors:

USDJPY,H1: removed
USDJPY,H1: uninit reason 0
USDJPY,H1: OrderSend ticket=-1 failed with error code 4109
USDJPY,H1 inputs: Lots=0.1;
USDJPY,H1: loaded successfully

I think it has got something to do with the NormalisationDouble of the SL and Tp.

Let me go try something first and see if it can be done.

Hi,

Nope the code is correct.........

Here is error 4109........

ERR_TRADE_NOT_ALLOWED 4109 Trade is not allowed. Enable checkbox "Allow live trading" in the expert properties.

Thank you Kennyhubbard !!

It worked like charm !!! To think i forgot the most basic of MT4 ...

Now i got code 132 which means that the market is closed, guess i have to wait to try the script and see if it works....

Btw, where u from ? I am from Singapore.

Hi Keiran1983,

I am a South African living and working in Dubai

Here are 2 little scripts that you can play with. They intended for entering scalping type of trades.

You can choose to enter a stoploss or not and if you do enter a stoploss, it can automatically work out a lot size for you based on your stoploss and risk setting.

If you don't enter a stoploss, it reverts to the manual lotsize.

Understood !

Thank you.

What i was trying to do with the scripts above is to recreate the indicators for Trader101 on the ECN platform.

And from there start trading.

Oh btw, know anything about .CSV data ?

Not much to know really.......

What do you need to find out?

Is there a way to programmatically find out whether we are running on an ECN broker or not, other than interpreting the error after a failed OrderSend() (I simply assume it would fail with an error, but who knows)?

What is the most reliable expression to be used for "some voodoo"?

7bit,

Not that I am aware of but maybe some-one with more experience can comment.

I think the easiest is just to treat them all as ECN.

hey 7bit..... it would not be something that would suit every situation but you can use accountcompany()...... it would have to be personalized to a ones accounts..... h

maybe the existence of commission could be used? Are there ECN brokers that don't charge commission or non-ECN brokers that do? Unfortunately there is no MarketInfo() index for the commission, so this would have to be parsed out of the symbols.raw file somehow. It must be stored somewhere in this file or the backtester could not use it on weekends.

Hardcoding certain broker names does not look right to me.

Hi all,

Thanks for the great help.

I managed to get all the 14 trades up for MBTrading.

had to use NormaliseDouble though for JPY pairs.


But it has been good !!

Cheers and thanks a lot !!!

Thank you for your help !!!!!!

I will contact u again regarding some help with CSV...

now time to sleep... stupid work tmr !

Great ECN/STP Buy & Sell order scripts. I was looking for those so thanks. But I still have not found a CLOSE ALL OPEN order script to work with my new ECN 5 digit broker. Anyone have one?