MT4 OrderClose Question | Forex Factory

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MT4 OrderClose Question

  • #1
  • First Post: Jun 11, 2015 5:00am Jun 11, 2015 5:00am
Recently I started using a close algorithm that looks something like this:

Inserted Code
 if ( ((OrderMagicNumber() > 0) || (OrderMagicNumber() == NULL)) && (AccountEquity() > AccountBalance()*Profit))
 
 {   
 
  CloseOut();
 
 }

I noticed that MT4 waits until the chart bar close to compute the values and execute the close when the parameters are hit. I have this on a 1 min chart and although in real time the equity flies past the account balance, the position does not close until the end of the bar. Note that there is no Close[1] or iClose used here. I'm simply comparing live equity vs. balance.

My question: Is there a way to have MT4 execute the close in real time up to the second after the parameter is triggered? Or is this a "flaw" in MT4 order close execution.

Btw, the ea is not really a scalping trader but since equity values can swing by several dollars anytime within a minute, it's very disappointing that it doesn't close immediately.

Is there a way around this?
  • #2
  • Edited 6:44am Jun 11, 2015 6:25am | Edited 6:44am
Problem is likely somewhere else in your code - looks like your code is waiting for an new bar to execute (that is it runs per bar and not per tick).
Otherwise it would be a bug - yes.
Also, your code is kinda odd - the keyword NULL is rather used with pointers (zero pointer). Perhaps you mean if(OrderMagicNumber()>=0...)
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  • #3
  • Jun 11, 2015 7:29am Jun 11, 2015 7:29am
Thank you. Yeah, I had changed the magic number from null to < 0 and then updated it to <= 0 based on your suggestion.

Does MT4 by default wait for a new bar to execute unless coded to check by tick?
  • #4
  • Jun 11, 2015 7:49am Jun 11, 2015 7:49am
Quoting Pipologist
Does MT4 by default wait for a new bar to execute unless coded to check by tick?
No, it's the other way around.
You can easily test it to see that it does not wait. Make an expert with the code:
Inserted Code
#property strict
void OnTick()
{
    if(AccountEquity() > AccountBalance()) Print("higher"); else Print("not higher");
}
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  • #5
  • Jun 11, 2015 9:53am Jun 11, 2015 9:53am
I have an uneasy feeling that it could be the RT server of my broker that is sending OrderCloses after the bar. On their demo server it's sending on tick, but on the real server, it is not. Same code, same ea. Am I going delusional here or has anyone else ever heard of or experienced this?
  • #6
  • Last Post: Jul 1, 2015 9:54pm Jul 1, 2015 9:54pm
Quoting Pipologist
I have an uneasy feeling that it could be the RT server of my broker that is sending OrderCloses after the bar. On their demo server it's sending on tick, but on the real server, it is not. Same code, same ea. Am I going delusional here or has anyone else ever heard of or experienced this?
Maybe you should get the proof to challenge MetaQuotes team.
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