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  • #1,461
  • May 22, 2014 1:42am May 22, 2014 1:42am
Quoting LarryDarrell
{quote} I'd like that confirmed by Alpari: if I set a pending order, I will still be able to set the sl and tp when I do so, don't have to wait to adjust that after the trade has been executed? That would be allright, but where then is the change?

Quote
You should also be aware that stop loss and take profit levels can only be set once a trade is opened, because the entry price could change before the position is opened.

In other words, you can not set s/l t/p on pending orders.
  • #1,462
  • May 22, 2014 1:49am May 22, 2014 1:49am
Quoting EventHorizon
I am not an EA coder. Alpari themselves said stop loss and take profit can not be set, even on pending orders.
Quoting LarryDarrell
{quote} I'd like that confirmed by Alpari: if I set a pending order, I will still be able to set the sl and tp when I do so, don't have to wait to adjust that after the trade has been executed? That would be allright, but where then is the change?
Gents,
Here's an idea -> Open an Alpari Demo Market account and try it for yourselves
  • #1,463
  • May 22, 2014 1:56am May 22, 2014 1:56am
Quoting LarryDarrell
That would be allright, but where then is the change?
This might help:
Inserted Video
  • #1,464
  • May 22, 2014 2:02am May 22, 2014 2:02am
Quoting High.Five
{quote} {quote} Gents, Here's an idea -> Open an Alpari Demo Market account and try it for yourselves
Thanks Hi Five. But I have EA's running on two micro accounts, with ongoing orders in drawdown. I don't want to close them for a loss, as this is the way the EA operates, but when Alpari's changes take effect i can't use the EA to trade out and on from the drawdowns. Alpari has just screwed me and many others. I use other brokers and they are not doing this to micro accounts. Its ridiculous.
  • #1,465
  • May 22, 2014 2:17am May 22, 2014 2:17am
Quoting EventHorizon
{quote} Thanks Hi Five. But I have EA's running on two micro accounts, with ongoing orders in drawdown. I don't want to close them for a loss, as this is the way the EA operates, but when Alpari's changes take effect i can't use the EA to trade out and on from the drawdowns. Alpari has just screwed me and many others. I use other brokers and they are not doing this to micro accounts. Its ridiculous.
There is absolutely no reason why you would have to close the orders at a loss.

May I suggest you contact your EA provider and ask him for an updated version to incorporate execution of an order correctly using the OrderSend() function. Alternatively, you can tell him you want something along the lines of this code:

extern int TakeProfit = 100; //points
extern int StopLoss = 100;
int start(){
int i, openTrades;
double SL, TP;
openTrades=OrdersTotal();
if(openTrades>0){
for(i=0;i<openTrades;i++){
OrderSelect(i, SELECT_BY_POS, MODE_TRADES);
//checks the SL, symbol and ref
if(OrderStopLoss()==0 && OrderSymbol()==Symbol()){
//check if buy or sell
if(OrderType()==OP_BUY){
SL = NormalizeDouble(OrderOpenPrice() - StopLoss * Point,Digits);
TP = NormalizeDouble(OrderOpenPrice() + TakeProfit * Point,Digits);
OrderModify(OrderTicket(),OrderOpenPrice(),SL,TP,0,Yellow);
}
if(OrderType()==OP_SELL){
SL = NormalizeDouble(OrderOpenPrice() + StopLoss * Point,Digits);
TP = NormalizeDouble(OrderOpenPrice() - TakeProfit * Point,Digits);
OrderModify(OrderTicket(),OrderOpenPrice(),SL,TP,0,Yellow);
}
}
}
}
}

All the best.
  • #1,466
  • May 22, 2014 2:34am May 22, 2014 2:34am
Quoting High.Five
{quote} This might help: https://www.youtube.com/watch?v=vpz0yz2gxuI
What is this, a joke? I'm not laughing.

It says here: you can only place sl/tp once the order is executed. Exactly what the email said, exactly what eventhorizon said. So: pending orders are not possible, only if you want to trade without sl.

Example: if I set an order at a certain level, this might be executed during the night. I will wake up to stunning losses, because my orginal idea for a sl isn't in the trade. Well, I can set an alarm, wake up at 3.30 in the Asian session and adjust my trade. Comfortable.

This video is annoying. They really try to market 'slippage' as a good, and normal thing? I like re-quotes. I can cancel the trade if I get a requote. Starting from June I'm filled. With all the spikes that we have seen on Alpari, just scroll some pages back, this is NOT SOMETHING I AM LOOKING FORWARD TO.

Okay, waiting for some official response. There is a bunch of brokers in this market. I've been with Alpari for 4 years, maybe it's time to take my business elsewhere.
Fail better.
  • #1,467
  • May 22, 2014 2:35am May 22, 2014 2:35am
Quoting High.Five
{quote} There is absolutely no reason why you would have to close the orders at a loss. May I suggest you contact your EA provider and ask him for an updated version to incorporate execution of an order correctly using the OrderSend() function. Alternatively, you can tell him you want something along the lines of this code: extern int TakeProfit = 100; //points extern int StopLoss = 100; int start(){ int i, openTrades; double SL, TP; openTrades=OrdersTotal(); if(openTrades>0){ for(i=0;i<openTrades;i++){ OrderSelect(i, SELECT_BY_POS, MODE_TRADES);...
Thank you. Much appreciated.
  • #1,468
  • May 22, 2014 2:39am May 22, 2014 2:39am
Quoting LarryDarrell
{quote} What is this, a joke? I'm not laughing. It says here: you can only place sl/tp once the order is executed. Exactly what the email said, exactly what eventhorizon said. So: pending orders are not possible, only if you want to trade without sl. Example: if I set an order at a certain level, this might be executed during the night. I will wake up to stunning losses, because my orginal idea for a sl isn't in the trade. Well, I can set an alarm, wake up at 3.30 in the Asian session and adjust my trade. Comfortable. This video is annoying. They...
Yea. I am going back with IBFX Au. Bye bye alpari.
  • #1,469
  • Edited 3:25am May 22, 2014 3:14am | Edited 3:25am
Quoting EventHorizon
I am not an EA coder. Alpari themselves said stop loss and take profit can not be set, even on pending orders.
Quoting LarryDarrell
{quote} I'd like that confirmed by Alpari: if I set a pending order, I will still be able to set the sl and tp when I do so, don't have to wait to adjust that after the trade has been executed? That would be allright, but where then is the change?
Hi Everyone,

Thank you for your posts.

You are able to set a Stop Loss and Take Profit for Pending Orders on Market Execution.

1. Under the order window select ‘Pending Order’
2. Select the ‘Entry Price’
3. Set a Stop Loss
4. Set a Take Profit
5. Press the Place button

http://i.imgur.com/WFwkZEo.jpg

http://i.imgur.com/xSWOei3.jpg

Quoting High.Five
{quote} Good grief.. For the newbies, they are an ECN broker. If you’re an EA user -> You place the Order with SL and TP set to 0.0 and then OrderModify() to place the SL & TP...
If you trade manually -> You can try setting a Pending Order instead, then you will be able to set the TP & SL at the time of placing the Order
Thanks for your input High.Five

Alex
________
Alexander Chadwick
Alpari (UK) Representative
  • #1,470
  • May 22, 2014 3:34am May 22, 2014 3:34am
Quoting Alpari UK
{quote} {quote} Hi Everyone, Thank you for your posts. You are able to set a Stop Loss and Take Profit for Pending Orders on Market Execution. 1. Under the order window select ‘Pending Order’ 2. Select the ‘Entry Price’ 3. Set a Stop Loss 4. Set a Take Profit 5. Press the Place button {image} {image} {quote} Thanks for your input High.Five Alex ________ Alexander Chadwick Alpari (UK) Representative
And this will be the procedure as well after 1st of June? Because then I don't understand what's changing, this is exactly how it is done now?
Fail better.
  • #1,471
  • May 22, 2014 3:54am May 22, 2014 3:54am
Quoting LarryDarrell
{quote} And this will be the procedure as well after 1st of June? Because then I don't understand what's changing, this is exactly how it is done now?
Hi Larry,

Thank you for your post.

Pending orders - remain the same, so you can place SL/TP when placing these types of orders.

However with market execution you are unable to add stop loss and take profit orders when placing a trade (which is not a pending order), because the entry price which you see on the screen could change prior to the position being opened. Stop loss and take profit levels can be set once your trade is open.

http://i.imgur.com/Ylb5j63.jpg?1

Alex

________
Alexander Chadwick
Alpari (UK) Representative
  • #1,472
  • May 22, 2014 3:57am May 22, 2014 3:57am
Quoting Alpari UK
{quote} Hi Larry, Thank you for your post. Pending orders - remain the same, so you can place SL/TP when placing these types of orders. However with market execution you are unable to add stop loss and take profit orders when placing a trade (which is not a pending order), because the entry price which you see on the screen could change prior to the position being opened. Stop loss and take profit levels can be set once your trade is open. {image} Alex ________ Alexander Chadwick Alpari (UK) Representative
Thank you Alexander, this clarifies things. And means I don't have to change my modus operandi, I'm relieved. Sorry about the fuzz, thank you for a quick answer.
Fail better.
  • #1,473
  • May 22, 2014 4:07am May 22, 2014 4:07am
Quoting LarryDarrell
{quote} Thank you Alexander, this clarifies things. And means I don't have to change my modus operandi, I'm relieved. Sorry about the fuzz, thank you for a quick answer.
I'm always happy to help Larry.

Thank you for being with us for the last four years

Alex

________
Alexander Chadwick
Alpari (UK) Representative
  • #1,474
  • May 22, 2014 4:15am May 22, 2014 4:15am
Quoting Alpari UK
{quote} I'm always happy to help Larry. Thank you for being with us for the last four years Alex ________ Alexander Chadwick Alpari (UK) Representative

Still a nightmare for EA's, and I did not go to Alpari for market execution. By By Alpari , hello IBFX AU.
  • #1,475
  • May 22, 2014 2:43pm May 22, 2014 2:43pm
True interbank market EU spread is ranging between -0.2 and 0.2. Feel free to count your absurd costs..
  • #1,476
  • May 23, 2014 2:00am May 23, 2014 2:00am
Quoting 4-ex
True interbank market EU spread is ranging between -0.2 and 0.2. Feel free to count your absurd costs..
That is true,but you need to calculate the commission
  • #1,477
  • May 23, 2014 4:40pm May 23, 2014 4:40pm
Hi, to all. I have question: Is there a rule in Alpari on the number of open positions over the weekend?
Thank you.
  • #1,478
  • May 24, 2014 10:34am May 24, 2014 10:34am
With Instant execution system, I am sure that when trader see the re-quote alert, many trader will not jump in ( you will see that re-quote alert is very nice if have any spike or price go too fast = spread change super fast) . But now in Market execution, without re-quote alert, it will be bad if you jump in when spread or slippage is highest or change fast.

When I trade using Instant execution system, I always set stoploss and take profit level after trade opened - so maybe there is no problem with me ( Alexander, can you confirm for me that in Market execution, I can do the same like that? -thanks )

Will we have Market execution when use Demo account? I don't want to have any surprise so I want to test it first.
  • #1,479
  • May 27, 2014 3:07am May 27, 2014 3:07am
Quoting Nexon
Hi, to all. I have question: Is there a rule in Alpari on the number of open positions over the weekend? Thank you.
Hi Nexon,

Welcome to the forum

There are no restrictions on the number of open positions you can have over the weekend, as long as you have the required margin*.

It's worth noting though that we have an automated risk management system in place where open positions are automatically closed out when the account margin level falls below 20% (ie equity* falls below 20% of the initial margin). Consequently, if you're holding positions over a weekend when we are closed, the market can open out of line from the close on Friday, causing extended losses.

*Trading terms

Margin ⇒ amount of funds being held in margin on open trades

Free margin ⇒ equity – margin held on open trades

Margin level (% free margin) ⇒ (equity / margin held on open trades) x 100

Equity ⇒ balance +/- floating profit/loss

Balance ⇒ total financial result of all completed transactions and deposit/withdrawal operations on the trading account


Alex

________
Alexander Chadwick
Alpari (UK) Representative
  • #1,480
  • May 27, 2014 3:15am May 27, 2014 3:15am
Hi valkyrie3001,

Thank you for your post.

Quoting valkyrie3001
When I trade using Instant execution system, I always set stoploss and take profit level after trade opened - so maybe there is no problem with me ( Alexander, can you confirm for me that in Market execution, I can do the same like that? -thanks )
Pending orders - remain the same, so you can place SL/TP when placing these types of orders.

http://i.imgur.com/WFwkZEo.jpg

http://i.imgur.com/xSWOei3.jpg

However with market execution you are unable to add stop loss and take profit orders when placing a trade (which is not a pending order), because the entry price which you see on the screen could change prior to the position being opened. Stop loss and take profit levels can be set once your trade is open.

http://i.imgur.com/Ylb5j63.jpg?1

Quoting valkyrie3001
Will we have Market execution when use Demo account? I don't want to have any surprise so I want to test it first.
You can test market execution by opening a demo market account by clicking here.


Alex

________
Alexander Chadwick
Alpari (UK) Representative
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