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VO-Pro: Comprehensive visual order management system for MT4

  • #61
  • Mar 23, 2011 3:03pm Mar 23, 2011 3:03pm
Quoting johnsund
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.
John, I haven't been able to reproduce this error.

As you can see from my first screenshot, all of the trade parameters are exactly the same - entry, TP, SL at the same levels, same return/risk $, etc, same lot size (0.10). The only difference is that price has fallen since your post, hence my trade is a sell limit instead of a sell stop.

When I click EXECUTE, the trade gets placed without any problem (see second screenshot).

The error is effectively saying that VO-Pro has sent an invalid trade parameter to MT4. The only thing I can think of is that you check the 'MT4 Trade settings' area - you can see how I've set mine in the third screenshot. Perhaps you have an invalid setting (an expiry date?) in that area.

The monitor has no bearing, in this case. All it does is pass order information from MT4 to VO-Pro, so that the latter can display the orders in its Order List window. You should be able to create a new order regardless of whether the monitor is running, or not.

All I can suggest is that you try placing similar orders over the next few days, and see if we can establish some kind of pattern, as to what works, and what doesn't.

In the meantime, I'm going to improve VO-Pro's error handling to provide more information on the error message screen, showing exactly what parameters were sent from VO-Pro to MT4.

Sorry I can be of more help.

David
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  • #62
  • Mar 23, 2011 5:39pm Mar 23, 2011 5:39pm
Quote
Anyway, the good news is that I will be including a Trade Manager in version 3.00, that will include stealth facilities............
David,

I see the new features, its getting dizzy, LOL ........ That sliding text above/below the line is soooooo slick man !!!

On Trade Manager....will this be a separate module ? May I rudely suggest it be..... and possible at a different price point, so we can opt to have or not to have installed, and also possible increase ur revenue and maybe reduce code management.

I can see the potential of numerous more features for both VO-Pro and Trade Manager over time and the potential headache on managing the code.

I agree with ur note on stealth feature, will only work if everybody uses it as most traders will have stops in generally the same areas.

Approach IBFX early they seem to be be willing to partner with developers and are very techy savy brokers.

Actual Leverage Used - In these days of tight leverage it would be nice to show the true amt of leverage actually utilized in each trade. Similar to ur Risk/Reward info. Would have to have that group feature similar to group RR for multiple positions.

Jus my thoughts.
  • #63
  • Mar 24, 2011 12:28am Mar 24, 2011 12:28am
Quoting fxworldwide
On Trade Manager....will this be a separate module ?

Approach IBFX early they seem to be be willing to partner with developers and are very techy savy brokers.

Actual Leverage Used - In these days of tight leverage it would be nice to show the true amt of leverage actually utilized in each trade.
FXWW,

I've answered your PM.

Re Trade Manager: There are good reasons to make it a separate module. There are also good reasons for allowing VO-Pro's order selection process to be integrated into the Trade Manager. I haven't started the Trade manager yet. I will need to give all of this some careful thought.

Re IBFX: I will certainly approach them. As I said in my PM to you, I want to reach out to as many br0kers as possible.

Re Actual Leverage: I don't know how to calculate it, beyond what's written here (found using Google). It seems to suggest that the calc is different if you're trading XXXYYY and your acct is denominated in a currency other than YYY, but it doesn't explain how to modify the calc if this is the case.

Many thanks for your contribution.

David
  • #64
  • Mar 24, 2011 11:02am Mar 24, 2011 11:02am
Got it up and running on demo. Placed an order just fine. When I click on orders there are no entries for the live order that is running. Is that normal? How do I gert an order to show in the orders pane? Also, is there a way to display at what price the SL and TP lines are? right now the lines end at the far right of the chart but do not have a price shown on them. The order line shows the execution price just fine.


All in all very cool and a great tool for visualization of where orders are.
  • #65
  • Mar 24, 2011 2:28pm Mar 24, 2011 2:28pm
Quoting johnsund
Got it up and running on demo. Placed an order just fine. When I click on orders there are no entries for the live order that is running. Is that normal? How do I gert an order to show in the orders pane? Also, is there a way to display at what price the SL and TP lines are? right now the lines end at the far right of the chart but do not have a price shown on them. The order line shows the execution price just fine.


All in all very cool and a great tool for visualization of where orders are.
John,

To get the orders to show, you need to have the 'VO Monitor' script attached to a chart, preferably a 'dummy' chart that you don't use for anything else. This script gathers the orders from MT4 and feeds them to VO-Pro. When it's running, you can see the 'Monitor running.....' message in the bottom right of the main price window of the dummy chart.

There may be a number of reasons why the prices aren't showing (numbers also refer to the numbered areas in the attached screenshot):

1. You have the 'Show RR data above lines' box checked off. You can toggle the display of the text above the lines on/off by checking/unchecking this box.

2. The prices are somewhere off the left of the screen. To avoid this, press the END key (in MT4) to make sure that the very latest candles are on the screen. Then click VO-Pro's CANCEL and RESET buttons, in that order. The CANCEL button will remove any existing lines, causing VO-Pro to start over; while the RESET button will ensure that the lines and prices etc start half way up the screen. The drag the 'VO Create New Order' script onto your chart, and you should be able to see all of the prices etc.

3. If all of the other data (dollar value, percent, etc) is showing, but not the price, make sure you have the 'Show price' box checked on. (To obtain this screen, you need to first click the SETTINGS button).

David
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  • #66
  • Mar 24, 2011 3:46pm Mar 24, 2011 3:46pm
David -

When you say to press end (MT4) do you mean to click on the chart and press end on the keyboard? Did that and then the sequence you describe above and nothing happened. The lines for entry, SL and TP stayed where they are on the chart. And I have the monitor running on a minimzed chart.
  • #67
  • Mar 24, 2011 4:03pm Mar 24, 2011 4:03pm
Quoting johnsund
David -

When you say to press end (MT4) do you mean to click on the chart and press end on the keyboard?
Yes, that's it - it's simply to ensure that you're viewing the most current prices.

When you click CANCEL, the lines should disappear from the chart, allowing you to start over. Is this happening?
  • #68
  • Edited 7:32pm Mar 24, 2011 7:28pm | Edited 7:32pm
David - OK. That is what I thought - click the chart with the lines for entry, SL and TP then hit end on the keboard. Then did the sequence you wanted pressing cancel then reset. THe lines did NOT disappear. All settings are in accordance with what you show.

One thing I need to mention - I have several charts of the same pair up simultaneously - for the GU I have M5, M15 and H1 open at the same time. The lines (entry, TP and SL) appear on all 3 charts. Would this account for the issue? Is so, for me, then VO-Pro will not work as the method I use needs to have multiple time frames for each pair open at the same time. Thanks for your patience.
  • #69
  • Mar 24, 2011 9:57pm Mar 24, 2011 9:57pm
Quoting johnsund
David - OK.........
John,

I think I see what you are doing, and why it is causing a problem. You are leaving VO-Pro's lines on the chart, like you might do with an EA, waiting until the price hits them?

That's not the way it's designed to work. VO-Pro is geared for placing orders immediately. They can be pending (buy limit, sell stop, etc) or market orders; but this is what you should do, in this sequence:

1. Set the VO-Pro parameters however your needs dictate
2. Drag 'VO Create New Order' onto your chart
3. Move the lines to your desired entry / SL / TP locations
4. Adjust the Trade Risk (if necessary)
5. Click EXECUTE to place the order. It should appear in the terminal area.

Only then should you look at placing another order on a different chart (different pair or timeframe). In other words, VO-Pro's lines should only exist on one chart at any one time, in just the same way as with MT4, where you complete the placement of an order before you switch pairs or timeframes.

In MT4 you'd normally select the New Order function. Then you fill in the parameters (number of lots, entry, TP, SL, etc), and click BUY or SELL, and the order is placed. VO-Pro is simply a 'visual' approach to doing exactly the same thing: set the parameters, then click EXECUTE to place the order (or CANCEL to bail out).

Have I understood you? I hope so.

I guess you've watched the videos in the links in post #1? They explain how to place a pending order, market order, etc in step by step fashion. I'm not the world's greatest presenter (LOL), but the video sequences should be easy enough to follow. Each video is only 3-6 minutes long, and you can pause, or skip forward or backward to replay specific points, if you need to.

Keep posting and asking questions, if you need to. They may also help others who are going through similar thought processes to yours.

David
  • #70
  • Mar 25, 2011 4:45am Mar 25, 2011 4:45am
Have tried everything you have suggested and then some. Deleted everything, reloaded again. I think the main issue is that at the very start of the process you describe my version of XP Pro does not have an extract option. So initially I used winzip to manually extract the files to the locations you provided. This did not work. Since your last post I removed everything and tried to drag and drop the file as Windows help suggests for a compressed folder. I will try one more time - deleting everything and then reinstalling via winzip extraction. I even deleted winzip in hopes that without it the XP Pro extraction method dwould appear.

Before I do that any further suggestions?

Thanks for your patience.
  • #71
  • Mar 25, 2011 5:33am Mar 25, 2011 5:33am
Quoting johnsund
Have tried everything you have suggested and then some....
John, I'm very sorry that you're experiencing so many problems. I will send you an e-mail, with all of the files attached individually, instead of in a zip file. Then it will simply be a case of copying them into the folders as described in post #57.

David
  • #72
  • Mar 25, 2011 6:06am Mar 25, 2011 6:06am
Tahnks David. Don't know what else to do at this point.
  • #73
  • Mar 25, 2011 6:48am Mar 25, 2011 6:48am
Quoting johnsund
Tahnks David. Don't know what else to do at this point.
More problems, I'm afraid. My e-mail won't let me send executable files. I will try Skype.
  • #74
  • Edited 1:29pm Mar 25, 2011 1:18pm | Edited 1:29pm
Quoting hanover
FXWW,

Re Actual Leverage: I don't know how to calculate it, beyond what's written here (found using Google).......................
David I found this on FF sometime back which helped me check my automated calculations. Que did this very good XL spreadsheet which is linked to MT4 via DDE.

http://www.forexfactory.com/showthread.php?t=38909

And I have also attached a TXT file with some more info on Forex MM calculations. It includes Actual/True Leverage etc.

This should cover it. Any questions i am here.

Regards
Attached File(s)
File Type: txt FOREX MM Calculations.txt   32 KB | 924 downloads
  • #75
  • Mar 25, 2011 3:48pm Mar 25, 2011 3:48pm
It is not often I come into the Commercial forum but found it via your posts. The MT4 order execution is very poor and this seems like an excellent application that will cater for its shortfalls. I will download the latest Beta and start playing with. Many thanks!
  • #76
  • Mar 25, 2011 10:11pm Mar 25, 2011 10:11pm
Hi Hanover


Since I can not Pm you . Can you pls PM me I need to share something with you .

AC
  • #77
  • Mar 26, 2011 8:40am Mar 26, 2011 8:40am
Quoting bbakker
It is not often I come into the Commercial forum but found it via your posts. The MT4 order execution is very poor and this seems like an excellent application that will cater for its shortfalls. I will download the latest Beta and start playing with. Many thanks!
Many thanks, I hope that you find VO-Pro useful.
  • #78
  • Mar 26, 2011 11:06am Mar 26, 2011 11:06am
Hi David! I enjoy using VO-Pro. Thank you very match for good job!!
My only wish is I like to see, those numbers that appears on lines, after order is executed. I don't know if it's possible.
Thank you
  • #79
  • Mar 26, 2011 2:57pm Mar 26, 2011 2:57pm
Quoting viat
Hi David! I enjoy using VO-Pro. Thank you very match for good job!!
My only wish is I like to see, those numbers that appears on lines, after order is executed. I don't know if it's possible.
Thank you
You can use the 'VO Modify Orders' facility to review an order, or orders, that you've just created. Drag this script on to the chart, and the lines and RR text will appear in the same places as they were just before you created the order. When you've finished reviewing the situation, click CANCEL to remove the lines/text. Or you can move any of the lines, and click EXECUTE, to modify the order(s).

If you want to selectively review/modify only some of the orders for a given chart, click the ORDERS button first, and then check ON the orders you want to review/modify in the Orders List window. Then drag the 'VO Modify Orders' script onto the chart.

Suppose you want to review or modify both GBPUSD and USDJPY orders that you've placed. Select all of these orders. Then when you drag 'VO Modify Orders' onto a GBPUSD chart, only the GBPUSD orders will show; same for the USDJPY chart.
  • #80
  • Mar 27, 2011 6:58am Mar 27, 2011 6:58am
David - You have a skype message.
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