VO-Pro: Comprehensive visual order management system for MT4

Hanover, well done, you have done a amazing job.
For me thou I'm very excited about the possible up and coming VO3 release using a EA

I want want to tell you of what I would love to see on a future release and I hope that this may be included in any future upgrade.

My trading stratagies requires predetermed sl and tp (which is already covered in vo 2) but what I require is when the trade is in profit (4 pips), the ea moves to break even, when 5 pips in profit the sl locks in 1 pip profit, when 8 pips in profit the sl moves tom2 pips profit. When 10 pips in profit the trade closes.

My understanding from reading earlier posts that may be possible. But on the wish list is the abilty to be able to drag this default order on to the chart several pips away from the current price, then drag the buy/sell order line to where I want it, release the mouse and then the order is active.

Anyway, all the best and again you are doing a great job.

Great app... will absolutely change the way I trade...

Had some suggestions on a feature change + bug report.

Suggestion
1. Using the VO Modify Orders the left selection of the line tool snaps if you drag it to a bar high/low/close however the right selection doesn't. The right one is more useful since we are setting points on the right side of the chart.

2. Duplicate Order Feature: Not sure if this is already available since I haven't fully explored all the features but it would be great if there was a way to duplicate the last order that was made (i.e. either an order that was manually adjusted using the lines or numbers entered in with specific SL, TP, etc..). A simple solution may be setting the "default" values for "Create New Order" to the specs of the last order, or at least providing this as a check box option.

3. Fractional Order Option: If I place an order it would be great to have an option to split this into 2 or 3 or 4 positions (i.e. if i sell 1.0 lots and chose to split in 2, then it opens two duplicate orders that are 0.5 lots big).

4. Stop-loss buffer: i.e. Add X pips to my defined stop-loss. There are minute differences in price from dealing desk to ECN quotes. A buffer is useful for people who do analysis on the dealing desk but place orders on ECN or for guys that place orders on a different platform than they use for their analysis (i.e. Oanda is off by 2-3 pips from alpari).

5. Multiple Order Modification: Instead of showing cumulative total for each trade it would be great to see the stats for that individual trade.

Bug Fix
1. When using the middle dot of the line tool the labels stay in position however using either the left or right dot the labels "fly" up or down. I noticed this with the VO Modify Orders but I believe this is also true with the "Create New Order" script as well.

Fence, many thanks for your positive feedback, and interest in VO-Pro.

My trading stratagies requires predetermed sl and tp (which is already covered in vo 2) but what I require is when the trade is in profit (4 pips), the ea moves to break even, when 5 pips in profit the sl locks in 1 pip profit, when 8 pips in profit the sl moves tom2 pips profit. When 10 pips in profit the trade closes.
Version 3 (which will actually be a separate add-on product) will address this. It will be possible to add any number of 'rules' regarding the auto trailing of a SL, and/or exiting partially/fully at different TP levels. Rules will be able to be attached to a single order, or groups of orders, regardless of whether these orders were created using VO-Pro, or not.

But on the wish list is the abilty to be able to drag this default order on to the chart several pips away from the current price, then drag the buy/sell order line to where I want it, release the mouse and then the order is active.
I'm not sure I understand this 100%, but the 'dragging' part is already available in VO-Pro version 2. You can drag the lines anywhere you want. But you need to click the EXECUTE button to place the order. This is a safety measure, that prevents orders from accidentally being placed merely because the user has not dragged the lines for X seconds.

David

Kosai, many thanks for your positive feedback, and for your interest in VO-Pro.

1. Using the VO Modify Orders the left selection of the line tool snaps if you drag it to a bar high/low/close however the right selection doesn't. The right one is more useful since we are setting points on the right side of the chart.

See my reply to your Bug #1 below.

You can change the snap-to-candle High/Low/Close effect by changing MT4's properties. Press Ctrl-O and (on the Objects tab) change the Magnet sensitivity. (This is possible because VO-Pro merely creates standard MT4 trendlines.)
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2. Duplicate Order Feature: Not sure if this is already available since I haven't fully explored all the features but it would be great if there was a way to duplicate the last order that was made (i.e. either an order that was manually adjusted using the lines or numbers entered in with specific SL, TP, etc..). A simple solution may be setting the "default" values for "Create New Order" to the specs of the last order, or at least providing this as a check box option.

This is already the default setting. If you attach the 'VO Create New Order' script onto the same chart without changing any of the VOConsole settings, the entry/SL/TP lines start in exactly the same locations as where they ended with the previous (VO-Pro-entered) order. This applies regardless of whether you clicked EXECUTE to place the last order, or CANCEL to abort.

Exception #1: if you have set the VOConsole's Entry/SL/TP settings (in the 'Create New Order' panel) to non-blank entries, then you are deliberately telling VO-Pro to set the initial positions of the lines according to the rules governing the values that you input (e.g. +10 means 10 pips higher than the previous order; #-10 means 10 pips lower than the market price, etc --- click on the wizard (the ? button) alongside the field to see all of the possible options).

Exception #2: if/when you click VOConsole's RESET button, all of the entry/SL/TP lines are reset to a location approx halfway up MT4's main price window. Clicking RESET also returns many of the VOConsole settings to their default values.
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3. Fractional Order Option: If I place an order it would be great to have an option to split this into 2 or 3 or 4 positions (i.e. if i sell 1.0 lots and chose to split in 2, then it opens two duplicate orders that are 0.5 lots big).

This is already possible. If, for example, you enter the Trade Risk (in VOConsole's 'Create New Order' panel) as:

$70,4,2,1

then the 'VO Create New Order' script will create three orders with the same entry/SL/TP, with the risk on each order as follows:

Order #1: Risk = 4/(4+2+1) = 4/7 x $70 = $40
Order #2: Risk = 2/(4+2+1) = 2/7 x $70 = $20
Order #3: Risk = 1/(4+2+1) = 1/7 x $70 = $10

Of course you can use any values, and the total risk is split accordingly. After the total risk amount (which may be dollars, percent of equity, or number of lots), you may have up to 10 additional parameters, separated by commas. Thus the total risk may potentially be split across 10 component orders. All of the orders are placed immediately you click the EXECUTE button.

Once the orders have been placed, you can then set different entries, TPs or SLs for the individual components, using the 'VO Modify Orders' script.
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4. Stop-loss buffer: i.e. Add X pips to my defined stop-loss. There are minute differences in price from dealing desk to ECN quotes. A buffer is useful for people who do analysis on the dealing desk but place orders on ECN or for guys that place orders on a different platform than they use for their analysis (i.e. Oanda is off by 2-3 pips from alpari).

Thanks for the idea, I will consider automating it in a later release. However, I feel I need to weigh this up against making what some folk believe is an already over-complicated app from becoming even more confusing.

It's already possible to do this manually, by unchecking the 'Adjust for Spread' checkbox in VOConsole, and then moving your SL line a little further away from the entry line, to allow some extra pips. You can use the pip count (in the RR text above the line) as a guide.
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5. Multiple Order Modification: Instead of showing cumulative total for each trade it would be great to see the stats for that individual trade.

This is already possible. You can toggle between the total/individual stats by checking/unchecking the 'Show RR totals' checkbox in the 'Modify Orders' panel in VOConsole. You can do this as many times as you wish, before you click the EXECUTE button to execute any modifications to the order.

NOTE: the 'Adjust for spread', 'Show RR data above lines' and 'Extend lines as rays' checkboxes can likewise be toggled on/off as many times as you wish, before you click the EXECUTE button.
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Bug fix
1. When using the middle dot of the line tool the labels stay in position however using either the left or right dot the labels "fly" up or down. I noticed this with the VO Modify Orders but I believe this is also true with the "Create New Order" script as well.

This is not a bug, it is a deliberate feature, allowing you to adjust the text to wherever you wish, above or below its associated line.

--- To move the lines around up/down/left/right without changing the location of the text (relative to the line), drag the middle of the 3 handles (dots).

--- To adjust the text location relative to the line up/down, drag the right or left handle upward/downward. The steeper the slope of the line, the faster the text moves. The right handle moves the text without changing the vertical location of the line. The left handle changes both the text location, relative to the line, and also the location of the line itself, simultaneously.

--- To lengthen or shorten the line (without changing its vertical location), drag the left and/or right handles while holding down the SHIFT key. To move the text more toward the left, drag the right handle leftward with SHIFT held down, and then check VOConsole's 'Extend lines as rays' ON, to continue the line to the rightmost extremity of the chart.

David

Many thanks for the fast reply. I see that I wasn't familiar with the script as a lot of the features are coded in.

As for the comment that some view it to be too complex I think it is just how the information is displayed/organized. I think having multiple tabs will allow for many customization options without confusing people. Do you think you may eventually add tabs? This way clicking on "Settings" can reveal many tabs each with different settings grouped appropriately (i.e. A "Visuals" tab can include all the color modifications, and extra labeling options like the "Show RR totals").

To make it even easier for people if you do add tabs you can also include a button for "advanced options". It can unhide more settings for people who like greater customization. When clicked the same button can display "basic options," allowing users to switch to the simple display without the extras options.

Either way this is a really powerful app. I spent at least 4 months doing something similar in excel to calculate up to 3 position splits with specific % risk and many other features. The main problem was creating all the trades using MT's order system - sometimes taking several minutes. Now it's a few seconds so I am really happy about this project.

I should also mention that PAMM account managers on many brokers are restricted from exiting part of a position (i.e. with Alpari it closes the entire position and opens a trade in the opposite direction). This is the reason why fractional positions are more important for me. I'll have to play with the script, but in your example you mentioned $70,4,2,1 where $70 is split into $40, $20, $10. Can this be done for percentages? (i.e. 5%,2,2,1 where it splits into 2%,2% and 1%)

Alex

Alex,

As for the comment that some view it to be too complex I think it is just how the information is displayed/organized. I think having multiple tabs will allow for many customization options without confusing people. Do you think you may eventually add tabs? This way clicking on "Settings" can reveal many tabs each with different settings grouped appropriately (i.e. A "Visuals" tab can include all the color modifications, and extra labeling options like the "Show RR totals").

To make it even easier for people if you do add tabs you can also include a button for "advanced options". It can unhide more settings for people who like greater customization. When clicked the same button can display "basic options," allowing users to switch to the simple display without the extras options.

I've tended to use panels, to split the various inputs into categories. Perhaps tabs would be better; it's hard to know how different people think, and being a programmer, I'm possibly a little out of touch with the way traders think and operate.

I don't want to change VOConsole's screen layout around too much, as (1) some are already familiar with it, the way it is, and (2) I really need to get version 2 out in the community, to (hopefully) generate some much-needed income for myself, and then begin work on the next stage.

I've labelled the next stage 'Version 3' although much of it will be an entirely separate app, and EA. It will handle OCO orders, stealth orders, and babysitting trades (rules for automatically moving SL, TP, or scaling out partially/fully at different TP levels). There are already dozens of EAs (and products like MYFX) that address all of this, and I'm reluctant to re-invent the wheel, but I've had so many requests that I feel I must go down this path. The original idea with VO-Pro was to merely provide a 'visual' way of bulk creating, modifying, closing and/or deleting orders manually, i.e. replacing MT4's (arguably clunky) order management interface with something more visual and automated.
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I should also mention that PAMM account managers on many brokers are restricted from exiting part of a position (i.e. with Alpari it closes the entire position and opens a trade in the opposite direction). This is the reason why fractional positions are more important for me. I'll have to play with the script, but in your example you mentioned $70,4,2,1 where $70 is split into $40, $20, $10. Can this be done for percentages? (i.e. 5%,2,2,1 where it splits into 2%,2% and 1%)

Absolutely. The first value in the entry may be any one of:

(i) a dollar amount (or pounds, euros, ... whatever currency your account is denominated in). Example: $70,4,2,1 (see my prior post)
OR
(ii) percent of equity. Example: 5%,2,2,1 will create 3 orders with risk split into 2%, 2%, 1%, exactly as you describe
OR
(iii) number of lots. Example: 0.7,2,2,1,1,1 will create 5 orders with position size 0.2, 0.2, 0.1, 0.1, 0.1 lots respectively

Re PAMM etc, I've attempted to do the best I can, in terms of accommodating/automating the different rules that different br0kers in various countries must operate to. Conversely, some VO features may be unusable due to br0ker/MT4 restrictions, but I've retained them so that they're available for traders whose br0kers are more lenient.
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Another facility that you might also find helpful is VOConsole's Presets. I've gotten so bogged down with other programming projects that I haven't created a video for this yet! Point 4 back in post #181 gives an example of how you can use this facility to automate the placement of a straddle trade. There are many other potential uses; once you have a basic knowledge of how VOConsole operates, it isn't difficult to devise ways in which it can further reduce keystrokes/mouse clicks, and therefore automate your trading.

David

Hanover
thanks for your reply re VO3.
Whats te latest ETA on version 3 with the EA
Cheers

Fence,

Realistically, it probably won't be launched until July/Aug, although there will likely be a beta version before then.

I haven't started work on v3 yet. I'm looking to launch and establish v2 first.

David

VO-Pro version 2.08 expires on May 15.

To avoid getting a pop-up window/message similar to the one shown in post #124, you'll need to downaload and install version 2.09 from post #1.

David

Hi David,

I've enjoyed your videos on youtube and must say, you've basically put in what MT4 should have had in the first place. I look forward to playing with it this coming week. As well, your active price bid and ask indy is very cool as it sits on the far right hand side of the screen...

Great work on this tool!

Thanks for the reply... I did try out the MyFX but found it lacking in features. Your program is a lot more useful for the way I trade. Since my exits are always 1/3 or 1/4, I can plan ahead and just create 3 or 4 trades and therefore have no need for their order management.

I also have a few more questions/suggestions:

1. Value per pip: I'm not sure if this is coded in, but does it automatically convert from the account currency to the instrument being traded? For instance, if I buy 100K units of EUR/USD or 100K units of GBP/USD they have the same value per pip since I'm purchasing USD. However, if I buy 100K units of EUR/GBP, I'm now purchasing pounds and my value per pip changes. Because of this a 5% risk on your app turns into 8% as pounds are ~1.6 for 1 USD. In my excel sheet I just use a "base" field and type in the 4 decimal value per USD but it would be great to have this in the script, if it's not already there.

2. Order Modules: With your script it's possible to manage orders that brokers won't accept - allowing for more advanced strategies. I was wondering if you'll consider coding an order module where we can build our own strategies. You could code in multiple "condition" modules that wait for an event with multiple "action" modules that respond to the event. For instance, if 1.6100 is reached (condition), then place a 2 limit order at 1.6080 & 1.6060 (action). And, because it's modular, you can add 3,5, or 100 orders if you want. Boolean order modules can add even more customization for advanced trades. Example: If (1.6100 is reached) AND (the time is past 6:00pm) THEN (place 2 limit orders at 1.6080 & 1.6060). You can add AND, OR, and NOT operators also. Condition ideas: price, time, indicator values, etc. Action examples: move stop-loss to, trail stop-loss by x pips, open new order(s), close pending orders(s), close part of open order(s), etc. Probably the best reason for the Boolean operators is for automated pattern trading (i.e. Gartley & Other geometric price patterns where many price levels must be hit before the entry condition).

Cheers.

Alex

Alex,

1. Value per pip: I'm not sure if this is coded in, but does it automatically convert from the account currency to the instrument being traded?

Yes, it certainly does, and you can easily confirm this. Set the Trade Risk in VOConsole to 1, i.e. 1 lot. Then attach 'VO Create New Order' to a EURGBP chart. On the white entry line (and assuming your account is denominated in USD) you should see something like:
BUY STOP @ 0.88615____1.00 lots____$16.19 per pip

Then if you move the SL to a nice round number (e.g. 100 pips from entry), you can confirm that the risk = $1,619, not $1,000:
SL @ 0.87615____100.0p____$1,618.78____1.62%
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2. Order Modules: With your script it's possible to manage orders that brokers won't accept - allowing for more advanced strategies. I was wondering if you'll consider coding an order module where we can build our own strategies.

This is a brilliant idea that to which I've already given considerable thought. However, when you consider all of the different ways in which it's possible to create, close and delete orders, you're basically asking for an EA code generator. I'd love to write one of these, the challenge involved would be awesome, but due to the sheer complexity it would take several weeks, possibly months to code and test; I wonder how long it will be before MT4 gets superseded by MT5?

I also wonder about its market potential. Not many non-programmers would understand how to combine nested IFs, precedence of AND over OR when creating complex conditions, etc. (Some folk are already complaining that VO-Pro is too complex. ) And traders seem to want their EAs to have conditions like "avoid high impact news announcements" which are not programmable without reference to external data (a news calendar, in this case).

In other words, the target market would end up being programmers who would likely be capable of coding their own EAs using MQL4, in any case.

David

Optimystic,

Many thanks for your kind words, and for your interest in VO-Pro.

Should you have any questions, please feel welcome to post them here, and I will do my best to answer them.

Good luck,
David

I received a PM as follows:

Just a question re SL and lot sizing for VO-Pro.

I use 2% risk and like to move the SL as close as possible to market.. so SL can vary between 8 to 30 pips, depending on where I consider a safe position to be.

So I have set my VO default to TP = 30 and SL =20 for initial entry, (at market) before execute. Then I was hoping to move SL (adjusting lot size with risk) to a suitable position. However when I adjust the SL line, the SL returns to the 20 pip position and so lot size remains the same.

My question is ..how do I move the SL closer (or further) from the market and fix it there so that I can execute the trade at a finely tuned SL distance?


My response:

For a MARKET order, the best settings for the SL/TP are possibly 'market+N' and 'market-N' rather than using the FIX option. Click VOConsole's RESET button, then use the wizards to set the TP to 'market+30' and SL to 'market-20' for a market buy; vice versa for a sell. (Or you could simply type #+30 and #-20 into the TP and SL fields directly). This will ensure that the TP and SL straddle the entry by those number of pips, but they are NOT fixed to the entry, hence you can move them wherever you wish.

The FIX option fixes the SL/TP to the entry point. This means that whenever the entry moves, the SL and TP will move also, to maintain the X pip distance. This is probably more suitable for PENDING orders, if you want to set SL and/or TP a fixed number of pips from the entry. (The problem with a MARKET order is that the entry price moves with every tick, taking the SL and TP with it).

With a PENDING order, you can move the entry line around, and the TP/SL move with it. But then you can make any final adjustments to the TP/SL by moving them, before clicking the EXECUTE button.

Good Trade Platform Upgrade...... I will spend the money when it is available. I hope you have an install file with the final version..... Thanks for the work. Kim

Kim,

Many thanks for your feedback, and interest in VO-Pro.

I will include an installer program. However, as FF doesn't allow EXE files to be attached to posts, it will need to be included inside a ZIP file, and therefore unzipped by the user.

However, with the licensed version, the installer (file: VOsetup.EXE) will be attached directly to an e-mail and sent to the buyer, as soon as his payment has been received.

David

Thanks David.

No basic operational questions as of yet because of your well laid out youtube videos. Looking forward to seeing how stealth orders work as you mentioned that capability might be in your V3 "for sale" version? The speed increase of using this tool is amazing and if one is inclined to take quick setups and watch a sizable board of pairs this aspect is vital.

My first day using it had me thinking of expletives in regard to the "naked" Mt4 platform with its distracting entry system. With VO Pro I can keep my head in the charts and not off line figuring Risk, Lot sizes and fiddling around placing T/P's and S/L's from a numeric "non chart" perspective.

As far as learning it goes, in addition to real time trading I am trying to use it in back testing up to a couple weeks ago. When I drag it onto the chart the lines park into the present day and dragging the lines back is not easy. I am looking to integrate it into my back testing so that I can experiment with entry parameters ALONG with looking at trade setups. Is there an easy way to do this?

Thanks!

Optymistic,

No basic operational questions as of yet because of your well laid out youtube videos. Looking forward to seeing how stealth orders work as you mentioned that capability might be in your V3 "for sale" version? The speed increase of using this tool is amazing and if one is inclined to take quick setups and watch a sizable board of pairs this aspect is vital.

Glad you like VO-Pro. Hope you won't be disappointed with the 'stealth' function, as it will actually be part of a separate, 'non-visual' product that deals with automated trade management, i.e. babysitting your trades while you're away from the computer. You'll be able to create orders 'visually' using VO-Pro, and then convert any orders (whether created by VO-Pro or not) to stealth mode.


My first day using it had me thinking of expletives in regard to the "naked" Mt4 platform with its distracting entry system. With VO Pro I can keep my head in the charts and not off line figuring Risk, Lot sizes and fiddling around placing T/P's and S/L's from a numeric "non chart" perspective.

Thanks.
I agree, MT4's order placement system is clunky. I originally wrote VO-Pro for my own use, to get around it.


As far as learning it goes, in addition to real time trading I am trying to use it in back testing up to a couple weeks ago. When I drag it onto the chart the lines park into the present day and dragging the lines back is not easy. I am looking to integrate it into my back testing so that I can experiment with entry parameters ALONG with looking at trade setups. Is there an easy way to do this?

I never intended for VO-Pro to be used in this way, but (amazingly, perhaps ) there's a way to do it.

If you click VOConsole's SETTINGS button, you'll see two fields at the far right of the window 'Horiz pos': 'First' and 'Spacing' (see screenshot).

First, I'll explain what they do, and then how to use them to achieve the objective you described.

'First': this sets the starting (horizontal) position of the lines, i.e. the number of candles from the left of the visible chart.

'Spacing': this sets the length of the line (number of candles).

Here is how I would use it:

1. I would try setting 'First' to 50, and 'Spacing' to 50. You can adjust them later, if need be. Then click VOConsole's MIN button to allow you to see more of your MT4 chart.

2. If you have any VO-Pro lines currently drawn, click VOConsole's CANCEL button to remove them, and start over.

3. Scroll backward in your MT4 chart to the point that you want to backtest.

4. Click VOConsole's RESET button. This will cause the lines to be plotted approximately half way up the MT4 chart's price window (see note below, also).

5. Now attach 'VO Create New Order' onto your chart. As you can see, the RR text above the lines appears above the CENTER of the line (i.e. not off to the RHE of the chart). Now you can select and move the lines however you wish. If you want to extend the lines to the right, without losing the position of the text, check VOConsole's 'Extend lines as rays' ON.

6. Return to step 2 to repeat the process, or to step 1 if you want to adjust the 'First' and 'Spacing' settings.


NOTE: When you click RESET, it restores some of VOConsole's settings back to their defaults, and also resets the initial position of the lines to half way up the price chart. However, you can change 'half way' by altering the 'Vert pos' settings highlighted in the screenshot, if you wish. As you can see, the current defaults are 35% of the way up the price chart for the SL, 50% of the way for the Entry, and 65% of the way for the TP. The '%' symbol is optional, you can leave it out if you wish.

David
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[EDIT] You could also use VOConsole's Presets facility here:

1. Click the RESTORE FACTORY SETTINGS button (bottom right corner of the screenshot). Type a suitable name like 'normal' into any one of the 10 empty Presets fields, then click SAVE (bottom left of the screenshot). This saves all current VOConsole settings into a preset called 'normal'.

2.When you've finalized your 'Horiz pos' and 'Vert pos' settings for the backtest, type a suitable name like 'backtest' into any one of the 10 empty Presets fields, then click SAVE. This saves all current VOConsole settings into a preset called 'backtest'.

3. Now, whenever you want to enter 'backtest' mode, simply click on the button alongside the 'backtest' preset, and your Horiz and Vert pos settings will be instantly restored. Whenever you want to return to the defaults, click on the button alongside the 'normal' preset.

You can set up as many presets, for all different kinds of things, however you wish. I gave an example of how to set up a straddle trade back in post #181, point 4.

Had a few more thoughts, questions, ideas...

Fractional Orders:

Would it be possible to code in fractional splits? The current split method means I have to do more math if I need to break up a trade into equal portions. For instance, I realize I would type in "2.55%,0.85,0.85,0.85" to split 2.55% into thirds however it would be great if there was a parentheses operator for fractions. Example: 2.55%,(X). Where X can be replaced by the number of splits rather than manually needing to figure out what those splits need to be. I also realize that I can copy and paste my above example and save it as a preset but this would create 12+ presets as I use many risk levels and splits for different MM strategies.

More on Modules:

I don't think you should limit your program to the lowest common denominator. There will be less people who want more complex options but you can compensate for this by just charging more. Traders using more advanced strategies don't need to be coders to understand basic Boolean algebra, especially when learning it will save them hours of sleep babysitting trades. I for one will gladly pay $150 or more for a feature like this.

The other reason that I like the modular idea is that you can have one program but expand it over time using add-on modules. In this way everything is integrated into the same app without users managing another program each time a new project is created.

Example Module:

Lets say an Elliott Wave trader wants to setup a potential W4 buy. He can use this app to setup: If 1.618 W1 is reached, then place a W4 entry at 50% the distance of W3.

Conditions:
ABC level test

Action:
XYZ limit order entry

You can now save this entire module as "Elliott Wave W4 Entry" and display only two parameters that the trader can enter - W3 high and W4 entry levels. This is a more simple example but more complex setups can be pre-programmed if you are concerned it won't be understood by most. There can be pre-made modules for all traders: geometric pattern traders (butterfly, gartley,etc..), Wolfe Wave traders,et cetera. You can now market this to the respective thread and continue to expand your user base by tailoring new modules to fit each group.

Finally, to solve the complexity of the operators you could use a bracket button "[]". After highlighting the conditions and operators, we can just hit that button to "link" that part of the code. For instance:
[(XYZ test) (NOT ABC test)]=(JKL limit entry). The "[]" ties the conditions that one price level must be tested but not another one just above it and only if those two are met will it trigger the action(s) that it's tied to.

Cheers.

Alex

Alex, thanks for your ideas.

You could enter your 2.55% split as 2.55%,1,1,1 if you wanted, because all VO does is divide each portion by the sum the portions, i.e.

Order#1 = 1/(1+1+1) x 2.55% = 0.85%
Order#2 = 1/(1+1+1) x 2.55% = 0.85%
Order#3 = 1/(1+1+1) x 2.55% = 0.85%

This would result in exactly the same size orders as your 2.55%,0.85,0.85,0.85, i.e.

Order#1 = 0.85/(0.85+0.85+0.85) x 2.55% = 0.85%
Order#2 = 0.85/(0.85+0.85+0.85) x 2.55% = 0.85%
Order#3 = 0.85/(0.85+0.85+0.85) x 2.55% = 0.85%

because the ratios are exactly the same. Hope that makes sense.

Hence I don't see any need to have (e.g.) 2.55%,(3) when this can be easily represented by 2.55%,1,1,1 - what do you think?

Note: This notation becomes even more time-saving when the splits are not even, e.g. 2.55%,1,2,3,5

Order#1 = 1/(1+2+3+5) x 2.55% = ~0.232%
Order#2 = 2/(1+2+3+5) x 2.55% = ~0.464%
Order#3 = 3/(1+2+3+5) x 2.55% = ~0.695%
Order#4 = 5/(1+2+3+5) x 2.55% = ~1.159%

Then VO will take each of those values, multiply them by the account equity to determine the risk for each portion, then determine the lot size accordingly, and finally place the orders....... all automatically.

I will give definitely this some thought. My priority is currently to get a stable version of VO-Pro out into the community ASAP. There is no reason why other enhancements can't be added in later versions.

David