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MT4 Order Plugin: Trade by lines with risk based lot sizing

  • #41
  • Mar 3, 2011 12:45pm Mar 3, 2011 12:45pm
Quoting pilotui
I've now used this live for 1 week, every day setting pending trades, then managing the SL/TP lines both before the trade and after. Doing that in the past usually required 2 different EA's.

Way to GO!!!!!!!!!
Thank you for the support
  • #42
  • Mar 3, 2011 12:50pm Mar 3, 2011 12:50pm
I said this before but thanks again. I use this every day and it enables me to quickly enter a trade with precise risk based on SL.

Cheers!
  • #43
  • Mar 3, 2011 12:53pm Mar 3, 2011 12:53pm
If there is a feature that I would want (but I don't need it necessarily) is:

The ability to move SL and add/subtract lots to keep risk consistent. For instance, I start out with 100 pip SL, I decide that I only need 50 pips after some momentum and that I would like to add to my order while keeping my risk the same as my initial risk. So I would move SL up 50 pips and the script would add the necessary lots to add enough leverage to keep the risk the same as initial.

I hope I made that clear.
  • #44
  • Mar 3, 2011 1:21pm Mar 3, 2011 1:21pm
Quoting Shabs19
Great work Sangmane, very neat tool.

I would also like the ability to add my own lot size manually, is that possible ?

I am also getting "submit return error " placing Buystop & Sell stop orders on futures contracts. Np problem on Currency pairs as yet.

regards,
Hi Shabs, I will move all risk calculation to MQL script. It should be able to eliminate this "submit return error". Thanks for the info on future contracts
  • #45
  • Mar 3, 2011 2:44pm Mar 3, 2011 2:44pm
Quoting sangmane
Confirmation, yes! That is very important!
Regarding default risk, I code it based on my own default. Will add code to save default settings.

Thank you for your feedback.
I played around a bit with partial closes. Of course, there is no way to do a partial close on a single order with the plug-in. But there are several fairly easy workarounds. If it's OK to do a partial close with a market order, then it's easy simply to use the MT4 order window. I'd prefer not to use it, mostly because I don't want to see the dollars and cents I'm winning and losing, but it's not that big a deal.

Or, if planning a split order from the start, it's child's play simply to enter the same order twice or three times, or whatever, and split the risk accordingly.

Thus, I think it might be nice to have this sort of flexibility built into the plug-in. But it's not even close to a deal breaker, because it's just too easy to do this kind of thing manually.

Once again, great work, and thank you so much.
  • #46
  • Mar 4, 2011 5:56am Mar 4, 2011 5:56am
Quoting sangmane
Hi Shabs, I will move all risk calculation to MQL script. It should be able to eliminate this "submit return error". Thanks for the info on future contracts
This tool does need manual lot sizes, I feel under more control. If you can get it to work for futures that would be fantastic.
Thanks again.
It never gets easier, you just get better
  • #47
  • Mar 5, 2011 7:30am Mar 5, 2011 7:30am
Is there any reason to believe it will not work with Alpari as the broker.

I have tried it on two different machines with no luck
  • #48
  • Mar 5, 2011 9:35am Mar 5, 2011 9:35am
Quoting Charles51
Is there any reason to believe it will not work with Alpari as the broker.

I have tried it on two different machines with no luck
Have you checked the Experts tab at the bottom for error messages? You have to have Expert Advisors enabled on your platform, and you have to set your Options to allow DLL imports. Options are under the Tools menu at the top of the platform.
  • #49
  • Mar 6, 2011 2:46pm Mar 6, 2011 2:46pm
Thanks, that's sorted it. It now works. Brilliant
  • #50
  • Mar 10, 2011 6:57am Mar 10, 2011 6:57am
Quoting sangmane
Hi Diki, it is on my list. Thanks for the feedback
Sangmane,
Have you progressed on adding the user defined lot size on your tool? I am very eager to start using it live.

Kostas
  • #51
  • Mar 11, 2011 1:12pm Mar 11, 2011 1:12pm
sangmane,

i am looking for a time based order execution script/ea and found your plug in very cool.

can you add a function to execute order at a preset time?

hour:min, either server time of one's MT4 found in the market watch or local time of one's pc. the latter may be preferable to avoid confusion but the former will do, of course ...

many thanks for your attention
Rising
  • #52
  • Mar 15, 2011 9:15am Mar 15, 2011 9:15am
Sangmane,
Any progress on the manual lot sizes & futures contract errors ?
It never gets easier, you just get better
  • #53
  • Mar 16, 2011 1:52am Mar 16, 2011 1:52am
Quoting Shabs19
Sangmane,
Any progress on the manual lot sizes & futures contract errors ?
Shabs, I have added manual lot sizes but I don't have time for testing it. If you or anyone are willing to do some testing on this program, drop me pm. Once the program confirmed to work as expected, I'll post it in this thread.
  • #54
  • Mar 16, 2011 5:55am Mar 16, 2011 5:55am
Quoting sangmane
Shabs, I have added manual lot sizes but I don't have time for testing it. If you or anyone are willing to do some testing on this program, drop me pm. Once the program confirmed to work as expected, I'll post it in this thread.
Mr. Miracle programmer has allowed me to have the honors of presenting his masterpiece. I have tested it and works fine for me. So here it is for the rest of you guys.
Join me in congratulating Sangmane, for his selfless and quality work.

P.S. To get the manual lot size, right-click on the order box.
Attached File(s)
File Type: zip EasyOrder.zip   12 KB | 4,250 downloads
  • #55
  • Edited 7:31am Mar 16, 2011 6:21am | Edited 7:31am
Thanks!
  • #56
  • Mar 16, 2011 6:50am Mar 16, 2011 6:50am
Quoting kostas1
Mr. Miracle programmer has allowed me to have the honors of presenting his masterpiece. I have tested it and works fine for me. So here it is for the rest of you guys.
Join me in congratulating Sangmane, for his selfless and quality work.

P.S. To get the manual lot size, right-click on the order box.
How do you adjust the lot sizes/risk percentage ?

The numbers are greyed out.
It never gets easier, you just get better
  • #57
  • Mar 16, 2011 6:57am Mar 16, 2011 6:57am
Fantastic little tool, works great too, once again thanx a lot sangmane,
D.
  • #58
  • Mar 16, 2011 7:13am Mar 16, 2011 7:13am
Quoting Shabs19
How do you adjust the lot sizes/risk percentage ?

The numbers are greyed out.
Right click EasyOrder after you plotted it on the chart. Tick/Untick Risk Based option.
Choose type of order from New Order drop down, type your lot size and Submit.
  • #59
  • Mar 16, 2011 7:45am Mar 16, 2011 7:45am
Thanks Sangmane, Kostas & Diki.
It never gets easier, you just get better
  • #60
  • Mar 16, 2011 8:18am Mar 16, 2011 8:18am
How do I set the SL & TP before submitting the order for the instant SELL/BUY ?
It never gets easier, you just get better
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