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

Quoting Shabs19
How do I set the SL & TP before submitting the order for the instant SELL/BUY ?
Simply double click the SL and TP lines that appear on the chart and move them at desired levels.
Afterwards if you like you can modify your orders in the same manner, just double click the lines and move them.
I see, there is no manual input eg. SL 20 TP 40 etc.

Only drag the lines to set them. OK.

Traded #CLJ1 (Oil futures) successfully using this tool today, however could not submit order for #FFIH1 (ftse futures) got errors, would not accept the order, SL TP showing 0 for both. Using FxPro.

Any ideas why ftse orders did not go through ?
Follow the Money
Hi, I tried this great script and it works with MBT MT4 but nothing with OANDA MT4. Is there something different between both platform? Am I doing something wrong?
Thanks for help
  • Post #64
  • Quote
  • Edited 4:19pm Mar 16, 2011 3:16pm | Edited 4:19pm
@noeasyforex
I've tested with OANDA and it works fine at my end.

@Shabs19
Have you waited enough for new tick so the order gets executed?
Quoting Diki
@noeasyforex
I've tested with OANDA and it works fine at my end.

@Shabs19
Did you waited enough for new tick so the order gets executed?

Thank you, Diki. The only difference I see is that MBT starts in 0.1 lots (miniaccount?) and OANDA starts in 0.01 lots (microaccount?). Another thing is that MBT is an ECN broker and OANDA isn't.

Thanks again
Quoting Diki
@Shabs19
Have you waited enough for new tick so the order gets executed?
The order for FFIH1 just gets rejected, submit error. It works with #CLJ1 (Oil), this alos futures contract.
I wonder if it is something to do with no tbeing able to set SL & TP on FFIH1 ?

The previous prder window had the SL TP on the order window.
Follow the Money
this is awesome!

all I can say is may God bless you Sangmane and kostas1 tremendously for this kind gesture.

I used it on Alpari and its the THING

kos
John 3:16 - From THIS love no power on earth can me sever.
You managed to make something great, EVEN BETTER. That is true genius.

Thanks to you sir!
Quoting Shabs19
The order for FFIH1 just gets rejected, submit error. It works with #CLJ1 (Oil), this alos futures contract.
I wonder if it is something to do with no tbeing able to set SL & TP on FFIH1 ?

The previous prder window had the SL TP on the order window.
Trading FFIH1 might be disabled.
How do you enable it again ?
Follow the Money
Quoting Shabs19
How do you enable it again ?
Your broker does that.
  • Post #72
  • Quote
  • Edited 2:22am Mar 24, 2011 2:06am | Edited 2:22am
Just a great tool, Sangmane and kostas1!

May I be so bold as to ask if you and other members see the value, and consider adding a *2nd* TP level, so that when the *first* TP is hit, the script (or is it the .dll?) will move the Stop to B.E. (Break Even...or even + 1 pip, and so now *that* profit is now secure)...and then we let the trade run, and if it makes it to TP #2, well good deal!, and if not, no loss...but if it hits TP #2, the script moves the Stop to the new B.E. and *then*...on a good day (some have called it a "Gravy Train" trade) it can keep running (or not) and all profit is secure (nothing lost in doing it this way) and a chance for a 2nd TP gain, and even a "gravy train run" when the market is in a mood to give it up!

This obviously would require lot-size in an increment divisible by 3 (like 0.03 or *any* increment divisible by 3) to allow the 1st (1/3) TP, and 2nd (1/3) TP, and 1/3 left for the gravy train, when the market is ready to give it to us.

So how to do that by Risk (perhaps the nearest risk that factors as divisible by 3...or step down the the next lowest divisible by 3 lot-size). And obviously we can do it manually by the same thought as to our tolerance / M.M. as divisible by 3.

And can you program the script to scale out like this? What do you think? ((Easy for me to say & ask! It is likely quite a challenge...or not?))

Ron
Quoting ronrhodes
Just a great tool, Sangmane and kostas1!

May I be so bold as to ask if you and other members see the value, and consider adding a *2nd* TP level, so that when the *first* TP is hit, the script (or is it the .dll?) will move the Stop to B.E. (Break Even...or even + 1 pip, and so now *that* profit is now secure)...and then we let the trade run, and if it makes it to TP #2, well good deal!, and if not, no loss...but if it hits TP #2, the script moves the Stop to the new B.E. and *then*...on a good day (some have called it a "Gravy Train" trade)...
Ron,
I wouldn't add anything more to this great tool. When I initially requested such a tool, I was thinking simplicity and small window size, which is what Mr. Magic Programmer (i.e. Sangmane) did. Simplicity is the main advantage here.
To do what you describe, I could suggest one of the many trade manager tools in FF (e.g. THV CAveManager).

Kostas
Attached File(s)
File Type: ex4 THV CaveManager v1.3.ex4   34 KB | 1,674 downloads
Thanks, Kostas, I knew *of* THV CaveManager, but not it's possibilities. I will look under its hood.

Regards,

Ron
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.

Hi you great Sangmane

I need your help, last July 2010 you had posted an EA named Dutch Trader (it was a simple EA just buy & sell on every opening bar,if bar is up (Buy) if bar is down (sell). Can you just add TP & SL function in that EA? I know you are busy but I will really really appreciate your help Sangmane.
Thanks & Regards

Zaib Aziz
Hi Sangmane!
thank you for the scripts, they are really fantastic, but I formatted my system and as I restored the scripts back it started giving this error,

pls sangmane or any other person, what can I do to get arround this error (126)

I will appreciate your kind reply

kos
Attached Image
John 3:16 - From THIS love no power on earth can me sever.
  • Post #77
  • Quote
  • Edited 5:15pm Apr 4, 2011 5:13pm | Edited 5:15pm
Quoting Kosomolate
Hi Sangmane!
thank you for the scripts, they are really fantastic, but I formatted my system and as I restored the scripts back it started giving this error,

pls sangmane or any other person, what can I do to get arround this error (126)

I will appreciate your kind reply

kos

I had the same problem, I think because people with Windows 7 need to put library (DLLs) in the main metatrader folder and not the appdata version of metatrader data.

So, put the dll in \\program files\\metatrader\\experts\\libraries\\ folder

instead of in the

\\Users\\YOURUSERNAME\\AppData\\Local\\VirtualStore\\Program Files\\MetaTrader\\experts\\libraries\\ folder.

When I did this, it worked right away. Hope this helps.

BTW, Sangmane, this little script is excellent! I have been writing EAs and scripts for several years now, and never thought of doing it this way. Keep it up!

THANK YOU!
Thank you very much for this great tool. I love it.
Quoting PIPWatcher
I had the same problem, I think because people with Windows 7 need to put library (DLLs) in the main metatrader folder and not the appdata version of metatrader data.

So, put the dll in \program files\metatrader\experts\libraries\ folder

instead of in the

\Users\YOURUSERNAME\AppData\Local\VirtualStore\Program Files\MetaTrader\experts\libraries\...
Its working fine on my windows 7 system, but its having this problem on my XP system up till now.

if any one has overcome this task on XP please tell me what to do'

thanks

kos
John 3:16 - From THIS love no power on earth can me sever.
Hi Kos,

Please double check that you place EasyOrder.dll file in experts/libraries folder.

Regards,
sangmane
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