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

  • #661
  • Feb 20, 2014 8:18am Feb 20, 2014 8:18am
hey guys, i've seen that many still have problems with the MT4 update & all. I found an updated install on this site: http://mytradinghub.com/forex-tradin...mt4-easyorder/.

The lesson also explains how to install it. I've tested it myself and it works fine, they modified the code to fit to the update.

Maybe it would be easier if an admin updated the OP with this link so that everyone can see it easier.
  • #662
  • Feb 20, 2014 1:50pm Feb 20, 2014 1:50pm
Try to make account there. One big joke...
Use axe Luke...
  • #663
  • Feb 20, 2014 3:24pm Feb 20, 2014 3:24pm
Good fine, thanks for that. That site is pro too.

They had a 2-step account verification setup, guess that's why you found it difficult Krystyn. It's a social site so they prolly keen to stop spammers.
  • #664
  • Mar 2, 2014 6:37pm Mar 2, 2014 6:37pm
has anyone been able to get EO to work on accounts that are not USD based since the new MT4 build?

my account is AUD, the lot size for new trades is incorrect because the EO indi calculates the lot size on USD

anyone found a solution to this since the new build??

thanks
  • #665
  • Mar 4, 2014 6:32am Mar 4, 2014 6:32am
Hi Sangmane,

Firstly - thank you for a terrific and invaluable tool!

I was wondering whether it was possible to adjust risk along with limit orders. Perhaps using an example would be useful:

 

  1. Order size is set to risk, at 3 % for example
  2. Order type is Buy stop
  3. Entry and SL lines are placed and click 'Submit'
  4. Order is opened at X lots (3% of account based on SL range risk)

But:

 

  1. Before the order triggers, price moves lower - past the SL line, and then back to the entry.
  2. Because of this - I now need to have the SL lower than I had anticipated when I opened the order
  3. If I simply move the SL lower, that is fine, but because the lot size was set to 3% based on the initial SL, my actual risk will now be larger (because it was submitted with the smaller SL first)


Because of this, I now cancel the order based on the first (smaller) SL and redo it for the new (larger) SL

That is why I was wondering if it was possible to amend the lot size based on SL range account risk. So, if the SL is increased after the order was placed but before entry, the lot size would be recalculated based on the new SL range automatically, without having to first delete and then redo the order.

Of course when trading higher TF charts, this isn't a problem, but scalping on M1 sometimes a move happens too quickly to redo the order properly.

Thanks again for an already awesome tool.

Best regards,
n2o

  • #666
  • Mar 10, 2014 3:53pm Mar 10, 2014 3:53pm
Great work Sangmane,

Excelent tool.

I would like to know if there are a simple way to add comments each order.
The comments are important to me in order to analyse old trades.
Best regards
  • #667
  • Mar 11, 2014 5:28am Mar 11, 2014 5:28am
hello, how can i change the corner of display the tool, i want it in the right corner after applying on chart (automaticly)?

thank you!
  • #668
  • Mar 13, 2014 5:15pm Mar 13, 2014 5:15pm
sangmane:

Sorry, but I download the zip: "EasyOrder_March_16.zip" but not inside the updated file "* DDL." Update or could please post it separately.
Thank you.

William
  • #669
  • Mar 22, 2014 9:38am Mar 22, 2014 9:38am
the .dll file is in the other attachment
  • #670
  • May 1, 2014 10:41am May 1, 2014 10:41am
I just want to say honestly thank you for this brilliant tool!
I'm really very happy to be able to use it again with new versions of MT4.

Sangmane, please keep on updating this tool, as it's a must for every risk based trader!
Good health and happiness to you!

Macika
  • #671
  • May 1, 2014 2:47pm May 1, 2014 2:47pm
Quoting never2old
Hi Sangmane, Firstly - thank you for a terrific and invaluable tool! I was wondering whether it was possible to adjust risk along with limit orders. Perhaps using an example would be useful: Order size is set to risk, at 3 % for example Order type is Buy stop Entry and SL lines are placed and click 'Submit' Order is opened at X lots (3% of account based on SL range risk) But: Before the order triggers, price moves lower - past the SL line, and then back to the entry. Because of this - I now need to have the SL lower than I had anticipated when I...

I am also interested in limit orders
  • #672
  • May 2, 2014 5:59am May 2, 2014 5:59am
I really like being able to place orders according to what I think price is going to do in terms both in time and the price itself - diagonal lines.

The markets are too quick to watch 24/7 so this is essential for placing entries on anything smaller than the daily.

I'd love also to be able to enter when volume goes beyond a threshold too. Or when when an indicator sends a specific alert/email.
  • #673
  • May 6, 2014 2:15pm May 6, 2014 2:15pm
Hi Everyone,

I use this excellent tool on my home PC Win7 ultim (x64) without problem.
But I can not make it run on my VPS. It’s Windows Server 2008 R2 Standard edition (x64).
When I try to execute the script nothing seems happen, and it logs
"Cannot load 'C:\Users\Administrator\AppData\Roaming\MetaQuotes\Terminal\3BD2B5E5A5264AFE17C1E2DDC7D6B381\MQL4\Libraries\EasyOrder.dll' [14001]"
“Cannot load ‘EasyOrder.dll’ ...” and “unresolved import function call”.
(Naturally the .dll IS in the specified folder)

Could you please help me to find the solution?

Thanks,

Macika
  • #674
  • May 20, 2014 7:32am May 20, 2014 7:32am
Hello how can i disable takeprofit line on the tool?
  • #675
  • May 20, 2014 11:20am May 20, 2014 11:20am
Quoting Macika
Hi Everyone, I use this excellent tool on my home PC Win7 ultim (x64) without problem. But I can not make it run on my VPS. It’s Windows Server 2008 R2 Standard edition (x64). When I try to execute the script nothing seems happen, and it logs "Cannot load 'C:\Users\Administrator\AppData\Roaming\MetaQuotes\Terminal\3BD2B5E5A5264AFE17C1E2DDC7D6B381\MQL4\Libraries\EasyOrder.dll' [14001]" “Cannot load ‘EasyOrder.dll’ ...” and “unresolved import function call”. (Naturally the .dll IS in the specified folder) Could you please help me to find the solution?...
Install Microsoft Visual C++ 2008 Redistributable Package
- 32-bit: http://www.microsoft.com/en-us/downl...ils.aspx?id=29
- 64-bit: http://www.microsoft.com/en-us/downl....aspx?id=15336
  • #676
  • May 20, 2014 11:23am May 20, 2014 11:23am
Quoting steve27
Hello how can i disable takeprofit line on the tool?
what you mean by disabling TP line?
  • #677
  • Edited 4:09am May 21, 2014 3:48am | Edited 4:09am
Hi there, i mean for example when i select BUY it draws the blue TP line and the red SL line, but i need just the SL line :-)
I have tried this it works so far, is that good?

EasyOrder_Draw.mq4

string desc[3] = {"SL", "Price", "TP"};
color clr[3] = {Red, Gold, Blue};
double lines[3];

string desc[2] = {"SL", "Price"};
color clr[2] = {Red, Gold};
double lines[2];

The changes are in red (change 3 to 2 and delete TP and Blue)

Is it possible to add comission or spread to the risk calculation?
  • #678
  • May 22, 2014 12:05am May 22, 2014 12:05am
I would like to suggest a useful feature. There are two ways of setting a bet: risk and lot. It would be great to be able to specified $ risk e.g. 20$ risk.
  • #679
  • May 22, 2014 6:14am May 22, 2014 6:14am
Can anyone help me by add the comission to the risk based order, its important for me coz i trade small movements and high lot value.
for example:
1% risk are 50 usd
18 usd comission (3 lot)
so 1,36% risk for this trade

comission for 1lot are 3usd halfturn
  • #680
  • May 22, 2014 6:25am May 22, 2014 6:25am
Quoting steve27
Can anyone help me by add the comission to the risk based order, its important for me coz i trade small movements and high lot value. for example: 1% risk are 50 usd 18 usd comission (3 lot) so 1,36% risk for this trade comission for 1lot are 3usd halfturn
would be nice, but actualy you can just subtract the comission from the risk% as it will be always 0,36%, no?
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