VO-Pro: Comprehensive visual order management system for MT4

Ah how did I miss that! Thanks for the help. I will let you know if I find any bugs, but it looks pretty damn stable right now.

When are you going to just redesign MT4 entirely?

Cheers

Looks pretty damn stable to me too....I am using FXDD broker.

Captain, Iulli, many thanks for your feedback. As soon as I'm convinced that VO-Pro is stable, then I'll be able to proceed beyond the beta.

@everybody: could you also please specify (in addition to the br0ker) what version of Windows you're running (e.g. XP, Vista or Win-7) and which drive/folder you have MT4 installed in (e.g. C:/Program Files/FXDD MT4). I have only Win XP here, and I'm curious to know whether VO-Pro runs OK (especially with Vista) if you've installed MT4 somewhere underneath the Program Files folder. This scenario seems to cause problems with other third party developed indys and EAs that attempt to write data to files.

Many thanks,
David

Hi hanover!
It seems to be really promising!
I´ll be testing it next week and i ´ll let you know how it was.
Many thanks for your effort.

Hi David,

Truly the most versatile MT4 plug in I have seen .
Am looking forward for this tool to include stealth. This will enable MT4 users to go completely under the radar of all MT4 brokers who have shortchanged us before.

It’s a fact many brokers will do anything short of selling their souls to stop us form making Big Money.These brokers mainly target scalpers & day traders who usually target approx 30pips or less per trade. Swing traders are not spared either, their stoploss is occasionally hunted. I have seen brokers stop hunt even form Demo accounts!! This is really unbelievable & strange but it’s true!!.
These hungry money scumbags have really mastered their game and I can’t wait for this plug in to include stealth, which will make brokers to have no idea where our take profit or stop loss is.

Present to us a creation that will help us up our game & have a revenge on every MT4 broker that has messed up with our trades. Am aware you are working on these additional components in latter releases as suggested on Post #12. Well, if these additional components will increase the price, it’s worth it.

Currently am running test on VO- pro V3, I will report any bugs I come across.

Happy Piping
Benji

Hi everybody,

it is a great Tool - that is what Im looking for ...but I have one Question:

I´m using an Euro Account and when I take the €-Symbol to displaying the Lotsizeamount to take risk as a Euro Amount it dosn´t works ( with the Dollar Amount it works ). With the Euro Sign, the Amount of Risk will be display as Lotsize?!? ...

So if i take 25 € as a Risk of Amount per Trade, with the €-Sign it will Risk 25 LOT instead of 25€ ...

Can Someone help or is it a Bug?

Happy Weekend!
Forexdrucker

Hi Hanonver, just letting you know that I’ve been using VO for couple of days running Win 7 64 bit with number of MT4s and VOs running simultaneously, and no problems so far. All of my MT4s and VOs are installed as 32bits in Program Files (x86) folder. Hope it helps.

PS; I often use tick/bar replays (through different softwares). May I suggest that you could possibly consider creating a commercial addon tick/bar replay for MT4? Keep up the good work.

@loureed10: many thanks for your help.
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@kibed83: just curious, may I ask who is your br0ker? Most ECN/STP br0kers should not be in a position to cheat their clients (note: for a list of ECN/STP br0kers, and an explanation of the difference between NDD, ECN, STP, etc --- see here). From what I've read, it's also unlikely that any major player would be interested in stop-hunting one small retail trader. I think what's more likely is that many players, both small and large, place their SLs in much the same zones, and hence suffer from some kind of 'group hunt'. If that is so, then having stealth SLs (and TPs) would not help, unless everybody used them.

Anyway, the good news is that I will be including a Trade Manager in version 3.00, that will include stealth facilities (for whatever they're worth), but I'm not sure when that version will be ready, or if I will increase the purchase price at that point. However, I need to launch a proven-to-be-stable version of the existing product first. As stated in post #1, all upgrades (except MT5) will be free to those who have already purchased VO-Pro.

The sales campaign for version 2.xx will also involve targeting br0kers from this list. I will likely attempt to negotiate deals something like this: if a trader buys VO-Pro, the br0ker will reimburse his trading account with the purchase price, provided that he meets whatever conditions the br0ker wishes to impose, e.g. opens a certain size account, or trades a certain volume. If anybody would like me to prioritize certain br0ker(s), please advise me, and I'll do my best.
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@Forexdrucker: many thanks for alerting me to this oversight/bug. I will fix it in version 2.03, which I hope to release in the next 2-3 days.
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@Herd_master: many thanks for the feedback. I'm very happy and relieved to hear that there seem to be no problems with Win 7 (at least so far ).

I'm not 100% sure what you mean by a "tick/bar replay". Do you mean like MT4's strategy tester replaying/re-drawing a chart's historical bars? If so, I'm not sure that where it would fit into an order management system like VO-Pro, i.e. it sounds like it would be more appropriate to offer it as a separate product?

Yes, replay of historical bars such as Ensign and Esignal has. Though I use Amibroker’s replay http://www.amibroker.com/guide/w_barreplay.html

I also meant that you could create it as a separate product for MT4, given there would be enough interest from other people. I didn't mean it to be part of VO, it was just a suggestion that has nothing to do with VO

Hi David,

I recently I stumbled upon some study in regards to 'Stop hunting'that seemed rather shocking to me, and I felt like I had to share with the rest of you.

As you may know, the Forex market is the #1 most liquid and most traded market in the entire world (trading in excess of 4 TRILLION dollars DAILY). As big as the forex market is, it doesn’t have a centralized means for exchange, like the stock market for example. This means that each broker is essentially getting price feeds from a bank (or set of banks) and pass the prices on to us retail traders.

Unfortunately, however, this means that the market is “created” by each individual bank or group of banks as well as the broker. Banks give prices to the brokers based on what they are willing to trade one currency for another for, and the broker in turn passes it on to us. So, the broker has 100% “say” as to what prices they give us…there is no one “centralized” place where the prices are set..it is done so by both your broker, and the banks they may get their quotes from.

This has lead to many people concerned that the brokers can do what is traditionally known as “stop hunting” — since they are able to control the quotes, they spike prices in one way or another to take you out of your trades. I am not saying that ANY brokers actually DO stop hunt, I’m saying that given the circumstances, there is a possibility.

This attached video courtesy of foreximpact.com pays VERY close attention to the markets for a week’s time to see, between different brokers, what the differences in price feeds were over the course of the week. To see the results, and what was ultimately found in the study, watch the video below: and jugde if Vo- pro warrants stealth facilities.





Happy Piping
Benji

Benji, interesting video, many thanks for sharing it. As Jason says, the differences in price may be due to stop hunting, or simply due to the fact that there's no central exchange. However, it's disturbing to think that price occasionally differs by at least 20-30 pips between different br0kers.

I have a friend who uses Go Markets. He says that he's seen price get to within 0.1 pip of his SL on many occasions, and then move away safely again, without being taken out. Of course that in itself doesn't prove, on the occasions when his stop does get taken out, that it wasn't stop hunting.

Anyway, VO-PRO version 3 will contain the trade management babysitting and stealth facilities that people have been asking for.

Thanks again,
David

Version 2.03 is now available - download from post #1.

This will be the final release before version 3, unless bugs are reported.

No pdf yet?

(Its a must for non-native english spoken people)

Hi David,
It’s a great tool, I really like it, thanks for you. I really decide to buy it.
Only noticed one issue, during I tested: I have an account at Tadawul Fx where the smallest lot size I can trade is 0.05 lots, and the increment is 0.05 lots. In other words, the sequence of lots is 0.05, 0.1, 0.15, 0.2, etc. During I place my orders on VO-Pro I found a problem during execution (see attached picture).On my account I cannot manage to place orders smallest increment than 0.005 lot (like 0.17, 018 lot). Is it possible to add an option to the tool that during lot size calculation rounds to the nearest 0.05? I found also a thread about this issue, probably can help you: http://www.pipcop.com/forums/7649-post709.html
Thanks for help.
Csaba

Hi David -

Am run ning Windows XP Pro along with Winzip. When I click on the zip file Winzip tries to open it. In XP Pro I do not get an Extraction option. So, am unable to download the VO-Pro.

Assume the .mq4 files go in/experts/indicators. If correct I cand download those correctly via Winzip. Where do the other elements go and I can have Winzip extract them there.

Thank

P.S. - Working with TDI alerts advanced. Great tool!!!

David - sorry took a second look - I meant .exe files going to experts/indicators. If not there where???

Hi John,

The files need to be installed into the same folders as they reside in the ZIP.

Specifically:

Install the following files into ..../[MT4]/experts/scripts folder:

VO Close & Delete Orders.ex4
VO Modify Orders.ex4
VO Create New Order.ex4
VO Monitor.ex4
VO Cleanup.ex4

Install the following files into ..../[MT4]/experts/files folder:

VOConsole.EXE
RemoveVO1.BAT
VOreg.INI

Install the following files into ..../[MT4]/experts/indicators folder:

BidAskLine.ex4
Signal.ex4
Display Info All Pairs.ex4

(Note: these last 3 files are optional, they are free indys thrown in, as opposed to being part of VO-Pro)

Then run VOConsole.EXE (as explained in video #1) and then restart MT4.

Follow video #1 to set up the favorites, hotkeys and MT4 settings, and you're good to go.

Videos #2 onward explain how to use VO-Pro. More videos and an instruction manual are on the way.

Please post again if you have any other questions.

Best wishes,
David

Loureed10, the PDF is on the way. I've almost finished making the first set of viedos, completing the PDF is the next task after that.

Csabee, many thanks for the feedback. I will address the problem that you've described in v 2.04 - expect this in the next 1-2 days.

David

David - Opened my demo account on MB Trading and when trying to execute an order got this message. What do I need to do? I normally trade off of MBT desktop, and as far as I can tell VO-PRO is operating normally. Have a monitor chart minimized and the monitor running indication is present on that chart.