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VO-Pro: Comprehensive visual order management system for MT4

  • #441
  • Aug 22, 2011 11:38am Aug 22, 2011 11:38am
Hi David,

Sorry I've been offline.

I believe with a computer ID scheme, the software is assigned to the product ID on each PC it's installed on so it's non-transferable to other machines. (right click Computer > Properties > Product ID)

The Product ID is less likely to change than an IP address or registration number of MT4 (unless someone's computer dies or they upgrade machines, which is far less frequent).

Quoting hanover
Alex,

The registration is limited to not one, but three MT4 account numbers, and it's in reality more lenient than that. As explained in post #174, provided that you stay within the same MT4 installation on the same computer, it's effectively unlimited, and will automatically maintain itself. For further details, please see post #174.

Perhaps I misunderstood Fudomyo in post #436, but I've added the IP address registration facility as an additional option. If a...
  • #442
  • Aug 22, 2011 11:50am Aug 22, 2011 11:50am
Hi David,

I tried your VO-Pro v.20 for a few days, watch your videos too, and it works great. I have looking for a longtime for something like this. You did a great job, thanks for that. (A hell of a job too, I suppose). And I sure will buy it. Reading this forum it seems to be everyone want a tailormade version. And that is impossible, I know.
So, nevertheless I also have some remarks/questions:

1- Do I have to uninstall 2.2 before I install the newer version?

2- A sound signal when a position closed by TP would, is that possible.

3- I miss in 'Create new Order' at TP the option: Entry + and - pips. Or did I overlooked it?

Greetings, Chris
  • #443
  • Aug 22, 2011 12:20pm Aug 22, 2011 12:20pm
Quoting hanover
Alex,

The registration is limited to not one, but three MT4 account numbers, and it's in reality more lenient than that. As explained in post #174, provided that you stay within the same MT4 installation on the same computer, it's effectively unlimited, and will automatically maintain itself. For further details, please see post #174.

Perhaps I misunderstood Fudomyo in post #436, but I've added the IP address registration facility as an additional option. If a user...
Forgot to say thanks for the comment operator. It works like a charm and really makes using the app a lot easier.

Alex
  • #444
  • Aug 23, 2011 1:29am Aug 23, 2011 1:29am
Quoting Fudomyo
Hi David,

Sorry I've been offline.

I believe with a computer ID scheme, the software is assigned to the product ID on each PC it's installed on so it's non-transferable to other machines. (right click Computer > Properties > Product ID)

The Product ID is less likely to change than an IP address or registration number of MT4 (unless someone's computer dies or they upgrade machines, which is far less frequent).
Thanks, Fudo, I will see how easy it is to extract the product ID programmatically.

David
  • #445
  • Aug 23, 2011 2:50am Aug 23, 2011 2:50am
Quoting chrishoog
Hi David,

I tried your VO-Pro v.20 for a few days, watch your videos too, and it works great. ...........
Hi Chris,

Many thanks for trying out VO, and for your kind comments.

I'm afraid the YouTube videos have gotten rather out of date, as many enhancements have been added over the last 6 months. I will gradually post new versions of all of the videos, as my spare time allows.

To answer your questions:

1- Do I have to uninstall 2.2 before I install the newer version?
No, this isn't necessary. Every time you install a new version it automatically overwrites the previous version.

2- A sound signal when a position closed by TP would, is that possible.
Sorry, that's not currently possible. VO places orders (optionally with a TP and/or SL), but it doesn't 'babysit' the orders after that. Hence it can't be made to continuously check to see whether the TP is hit, and play a sound file.

3- I miss in 'Create new Order' at TP the option: Entry + and - pips. Or did I overlooked it?
Assuming that I understand you correctly, it's definitely possible to place consecutive orders with each entry point X pips above/below the previous entry. Here are the steps:

Place the first order:
a) Click VOConsole's RESET (circular orange arrow) button.
b) Attach the 'VO Create New Order' script to your MT4 chart.
c) Move the entry/TP/SL lines to your desired levels. Change the Trade Risk (in VOConsole) to your desired risk: any one of $ amount, % of equity, or number of lots.
d) Click the EXECUTE (green checkmark) button to execute the trade.

Set up the next order:
e) Click VOConsole's blue down arrow button to view the options lower down the window.
f) Click the wizard (small '?' button) alongside the 'Entry' field in VOConsole's 'Create New Order' panel.
g) Type the number of pips alongside 'last+N' or 'last–N' to set the entry level X pips above or below the previous entry. Click Save. This should paste something like +10 or –10 back in the 'Entry' field. [Or you could simply type +10 or –10 instead of steps (f) and (g)].
h) Now repeat steps (b), (c) and (d) to place the second order, and if you wish, third order, fourth order, etc. Each entry will start X pips higher/lower than the previous entry (but you can always make final adjustments by moving the entry line before executing the order).

Hope this makes sense.

Best wishes,
David
  • #446
  • Edited 8:13am Aug 23, 2011 4:06am | Edited 8:13am
David,

Thanks for your quick reply.

Answers nr. 1 and 2 are satisfying. I found a indicator that gives a sound when a position is closed at TP.

Nr. 3. Your explination is clear to me and I work that way. It was not quit what I ment. Besides that I used your Stealth manager, great EA too, so I don't see the lines.
I ment TP pips above (or under) the current entry in New Order and not previous.
You have now; Entry +/- Y%. Instad of % it should be pips. It is much easier to work when I speak fo myself.

Chris
  • #447
  • Aug 23, 2011 12:28pm Aug 23, 2011 12:28pm
Quoting chrishoog
David,

Thanks for your quick reply.

Answers nr. 1 and 2 are satisfying. I found a indicator that gives a sound when a position is closed at TP.

Nr. 3. Your explination is clear to me and I work that way. It was not quit what I ment. Besides that I used your Stealth manager, great EA too, so I don't see the lines.
I ment TP pips above (or under) the current entry in New Order and not previous.
You have now; Entry +/- Y%. Instad of % it should be pips. It is much easier to work when I speak fo myself.

Chris
Chris,

If I understand correctly, you want to fix your TP X pips away from entry.

If so, click the wizard ('?' button) alongside the TP field in VOConsole's 'Create New Order' panel, and type the number of pips alongside the FIX option (this is the first option on the screen). For example, if you want to fix the TP 20 pips away from entry, type 20. Click the Save button.

Then attach the 'VO Create New Order' script to your MT4 chart.

Select and move the lines. Whenever you move the white ENTRY line, the TP line will lock itself exactly 20 pips away from the entry line.

Hope that helps.

David
  • #448
  • Aug 23, 2011 1:39pm Aug 23, 2011 1:39pm
David,

Thanks. Exectly what I need. It works great.

Chris
  • #449
  • Aug 24, 2011 1:54pm Aug 24, 2011 1:54pm
Hi Hanover,

I just downloaded the software and I will test with my broker, Pepperstone.

From what I see, is simply incredible ...

I've seen that is not well suited to the trading of gold (XAUUSD), ie, about counting the number of pip's etc ...
Does this solution in the settings ..?

Thanks,
and again congratulations,
will comment my impressions.

greetings,
  • #450
  • Aug 25, 2011 3:59am Aug 25, 2011 3:59am
Quoting deluna2189
Hi Hanover,

I just downloaded the software and I will test with my broker, Pepperstone.

From what I see, is simply incredible ...

I've seen that is not well suited to the trading of gold (XAUUSD), ie, about counting the number of pip's etc ...
Does this solution in the settings ..?

Thanks,
and again congratulations,
will comment my impressions.

greetings,
Hi,

Many thanks for trying VO-Pro, and for your kind comments.

It seems that some br0kers have an incorrect tick value setting for metals, commodities etc. VO-Pro uses the tick value to determine the $value per pip. For more info, please see the earlier post #192, and my replies in #193 and #196.

David
  • #451
  • Aug 25, 2011 7:44am Aug 25, 2011 7:44am
Hi,

Thank you very much for the reply David,

Another question:

For the calculation of the lots according to risk, you might consider the leverage used with our broker.?

Thanks,
  • #452
  • Aug 25, 2011 1:23pm Aug 25, 2011 1:23pm
Quoting deluna2189
Hi,

Thank you very much for the reply David,

Another question:

For the calculation of the lots according to risk, you might consider the leverage used with our broker.?

Thanks,
Hi,

IMO risk is not a function of leverage, it is based on the account balance. The only time leverage needs to be considered is if you don't have enough margin to place an order. That usually means that the trader is taking on far too much risk. For a more detailed explanation, please see here.

VO-Pro allows the amount of true leverage to be displayed. Please see the red areas of the screenshot below. However, the Trade Risk field (green area) allows risk to be entered as one of 3 options: number of lots, dollar amount, or percentage of account equity. Click on the wizard ('?' button) next to the Trade Risk field to see these options.

David
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  • #453
  • Aug 25, 2011 6:24pm Aug 25, 2011 6:24pm
Hi Hanover,

O.k, thanks
The issue of leverage, said it due to high leverage enables the purchase of many lots.

In this case, let me a suggestion:

It would be very interesting to define the risk by setting two variables:
The % of the Equity + núm. lots.
In this case, the distance that the stop is located the entry price would be automatic, would be the incognita of the equation, to comply with a no. lots and a certain% of balance sheet risk.

If there is a way to do it with the current configuration of the script, forgive my comment.
Regards.
  • #454
  • Aug 25, 2011 10:52pm Aug 25, 2011 10:52pm
Quoting deluna2189
In this case, let me a suggestion:

It would be very interesting to define the risk by setting two variables:
The % of the Equity + núm. lots.
In this case, the distance that the stop is located the entry price would be automatic, would be the incognita of the equation, to comply with a no. lots and a certain% of balance sheet risk.

If there is a way to do it with the current configuration of the script, forgive my comment.
Hi,

Sorry, it is not possible to combine number of lots with a % of the account. You can do one, or the other, but not both together.

David
  • #455
  • Aug 26, 2011 1:44am Aug 26, 2011 1:44am
O.k. Thanks,

Another question I would like to know is if the SL can be hidden to our Broker.?
Forgive my nagging questions.
Thanks,
  • #456
  • Aug 26, 2011 5:14am Aug 26, 2011 5:14am
Quoting deluna2189
O.k. Thanks,

Another question I would like to know is if the SL can be hidden to our Broker.?
Forgive my nagging questions.
Thanks,
Hi,

You can use Stealth Master EA to hide your TP and SL from your br0ker. See post #268 for more info. The only change is that Stealth Master is no longer free - it is now being sold as part of the VO-Pro package.

David
  • #457
  • Aug 26, 2011 12:53pm Aug 26, 2011 12:53pm
Thank you very much for you answers
  • #458
  • Aug 27, 2011 1:36am Aug 27, 2011 1:36am
VO-Pro version 2.21 expires on August 28. If you continue to run VOConsole, you’ll get an error message (as shown in post #124).

Version 2.22 can be downloaded from post #1. There are no new enhancements. However, the beta test period that began in February is now over, and (unless you’ve already purchased VO-Pro) v2.22 reverts to a trial version. In the trial version, you must enter your Trade Risk as one of: 20% of equity; $200; or 2 (full) lots. Everything else is fully functional. The trial version expires 14 days after you download it, but you can download it as many times as you wish, if you need more time to evaluate VO-Pro.

For more information about purchasing VO-Pro, please read this post.

David
  • #459
  • Aug 27, 2011 12:49pm Aug 27, 2011 12:49pm
Hello Hanover,

At the moment the tool has served me quite well on two counts Live, in Pepperstone (Broker ECN) and Oanda (Broker MM).
I've only found two malfunctions:
1. Sometimes "VO Modify Orders" correctament not work, then maintained the closure of all orders, despite the fact that I made sure just having a mark on the computer terminal.
2. In two orders entered in the same symbol, a first order with 0.01 lots and a second order with 0.02 Lots. Well, changing only the second order, the text on the line refers to 0.03Lotes and all other data are referred to the sum of the two orders. They were separate orders in an account with Oanda Live.
Unfortunately in both cases was live and do not save screen to show you.

Currently the tool seems very useful for live trade.

I miss you can enter orders immediately, but with the election "Buy" or "Sell." previously selected to not having to change the screen. (Especially in case of high volatility as last Thursday with gold). With the option labeled "Auto-execute" I could not choose whether to buy or sell shipping with certain options.

Well, anyway, I think you're a prospective client, I'll test a few more days, (with the conditions that you have exposed) and I commented on your email.
Incidentally, do you plan future development for the tool. You add buttons for operacioones from the screen without dragging the "Scripts", etc,.... well and to tell us ... .

I encourage your work, and do very well protected from hackers all this work and knowledge.

 Kind regards,
  • #460
  • Edited 2:42pm Aug 27, 2011 2:34pm | Edited 2:42pm
Quoting deluna2189
Hello Hanover,

At the moment the tool has served me quite well on two counts Live, in Pepperstone (Broker ECN) and Oanda (Broker MM). ......
Hi,

Many thanks once again for your feedback.

1. Sometimes "VO Modify Orders" correctament not work, then maintained the closure of all orders, despite the fact that I made sure just having a mark on the computer terminal.

I am sorry, I'm not sure if I understand you correctly. To use VO to modify selected orders, close open orders, or delete pending orders, you must first attach the 'VO Monitor' EA to any MT4 chart (it doesn't matter which one). This EA feeds order data from MT4 to VOConsole. Then, if you click the brown arrow button (see red area of attached screenshot), the orders that you have on the Trades tab of MT4's terminal should also appear (after a delay of 1-2 seconds) in VOConsole. The market is closed at the moment, hence I can't show you an example.

Then if you want to modify/close/delete selected orders, you can select them by checking ON the checkbox alongside the orders, or you can select multiple orders by clicking the buttons in the green area of the screenshot.

After you have selected the orders you wish to process, you then attach the 'VO Modify Orders' script to modify them; or 'VO Close & Delete Orders' to close or delete them. Modify works only on your selected orders relating to the currency pair on the currently showing MT4 chart, while close/delete relates to all your selected orders on all pairs.

I am sorry if I have misunderstood your question.

2. In two orders entered in the same symbol, a first order with 0.01 lots and a second order with 0.02 Lots. Well, changing only the second order, the text on the line refers to 0.03Lotes and all other data are referred to the sum of the two orders. They were separate orders in an account with Oanda Live.

I assume you mean if you typed something like $300,2,1 into VOConsole's Trade Risk field. In this case, when you attach the 'VO Create New Order' script to your MT4 chart, the values showing on the lines represent the total number of lots, risk and return across the whole $300. When you click the EXECUTE (green tickmark) button, it will split the orders accordingly.

After that, you can see the individual risk/return etc by attaching the 'VO Modify Orders' script, provided that the 'Show RR Totals' (blue area in screenshot) is checked OFF. If you check this ON, it will show the total risk/return, as before.

If you want to see the lots/risk/return values for individual orders with 'VO Create New Order', then you must enter two separate orders, e.g. for $200 and $100 risk, respectively.

Incidentally, do you plan future development for the tool. You add buttons for operacioones from the screen without dragging the "Scripts", etc,.... well and to tell us ... .

Version 2.22 is intended to be the final release of the software. It has been in beta test since February, allowing feedback for ideas for new features, and for fixing bugs. I may possibly write a separate Trade Manager product in the future, but there are dozens of trade management EAs available already.

David
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