EA to cancel pending order when price reaches certain level? | Forex Factory

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EA to cancel pending order when price reaches certain level?

  • #1
  • First Post: Oct 31, 2013 1:35am Oct 31, 2013 1:35am
hi guys, i want to know if there's an EA to cancel pending order when price reach certain level?

for example i have a buy stop which will be triggered when price hits 1.5000
but i want that pending order to automatically be canceled when price hit below 1.4050.

while this EA is not very important because i can just manually cancel the pending order myself, but it would come in handy when im not looking at the screen.

thanks!
  • #2
  • Oct 31, 2013 6:30am Oct 31, 2013 6:30am
This should do what you want, just set the input " Cancel_Level " to the distance you want the cancel level to activate at above or below the Pending order, use only a positive number and the EA will automatically allow for any of the 4 Pending order types. For example if you input 50 the cancel level will set 50 pips below a BUYSTOP or 50 pips above a SELLSTOP.
Give it a go and let me know if it needs any changes.
Attached File(s)
File Type: ex4 Cancel Pending level.ex4   5 KB | 2,359 downloads
Trade what you see not what you hope
  • #3
  • Oct 31, 2013 10:10pm Oct 31, 2013 10:10pm
hey there, thanks for the EA.

does it work for all buy/sell stops in the current chart? Because when I open pending order i usually open 2-3 buy stops at the same time (which will be triggered at the same time). the EA will cancel all the buy stops, right? Just to make sure. i know i should just test the EA (testing it now!!)
  • #4
  • Nov 1, 2013 12:17am Nov 1, 2013 12:17am
Hi,
You can load onto a chart as many BUYSTOPS/BUYLIMITS/SELLSTOPS/SELLLIMITS as you want and each individual pending order will cancel as the cancel level is hit for that Pending order, the only thing is the line showing the cancel level on the chart will not show for each extra order ( if all the orders are the same e.g 3 BUYSTOPS ) as I thought from you first request that you only wanted it to control one order. So to sumerise if price hits one of the cancel levels it only deletes that pending order not all the pending orders on the chart.
Trade what you see not what you hope
  • #5
  • Nov 1, 2013 9:59am Nov 1, 2013 9:59am
hi there,

yeah sorry to not mention it. basically I have 2-3 pending orders that are always get triggered at the exact same price (and all always have same SL). I open multiple pending orders because I use different TP for each pending order but that's about it. nothing else.

for example, i have 2 pending orders, buy stop, both will get triggered at 1.50000
then I use your EA that will set to cancel pending order at 50 pips, which mean it will cancel the buy stop at 1.40500

then what happen next? After it cancels the first pending order, it automatically detect the second pending order? and as soon as it realize that the 2nd pending order also has more than 50 pips difference, would it also automatically cancel that pending order? Thanks a lot!
  • #6
  • Oct 16, 2015 7:18am Oct 16, 2015 7:18am
Hello traders,

Thanks to cja for the Cancel Pending level.ex4 EA.

It's really helpfull with my trading. It works great, however when I load the EA onto for instance a USDCAD chart, it doesn't track USDCAD trades only, but it also interferes with other pairs' pending trades.

Although the EA is an .ex4 file, would anyone be able to create an EA just like Cancel Pending level.ex4 , but with an "this pair only" function?

Thank you very much in advance.

Kind regards.

Attached Image
  • #7
  • Oct 16, 2015 3:46pm Oct 16, 2015 3:46pm
Quoting NederPip
Hello traders, Thanks to cja for the Cancel Pending level.ex4 EA. It's really helpfull with my trading. It works great, however when I load the EA onto for instance a USDCAD chart, it doesn't track USDCAD trades only, but it also interferes with other pairs' pending trades. Although the EA is an .ex4 file, would anyone be able to create an EA just like Cancel Pending level.ex4...
I have just looked at the code and realised that I had not put a line of code that controls the orders for only the chart it is loaded on for SELLSTOPS & BUYLIMITS but I had put that line of code in for BUYSTOPS and SELLLIMITS so they would have worked as expected, curious as there have been 216 downloads and nobody else has mentioned it.
I notice the code also needs updating to be fully compatible with the latest MT4 builds so will have a look next week as time permits.
Trade what you see not what you hope
  • #8
  • Oct 16, 2015 4:13pm Oct 16, 2015 4:13pm
Quoting cja
{quote} I have just looked at the code and realised that I had not put a line of code that controls the orders for only the chart it is loaded on for SELLSTOPS & BUYLIMITS but I had put that line of code in for BUYSTOPS and SELLLIMITS so they would have worked as expected, curious as there have been 216 downloads and nobody else has mentioned it. I notice the code also needs updating to be fully compatible with the latest MT4 builds so will have a look next week as time permits.
Thank you very much for your answer cja.

I wasn't aware (for sure) that you wrote this EA by yourself. But it would be really great if you could put in a line of code for all SELLSTOPS, BUYLIMITS, BUYSTOPS and SELLLIMITS to work only with the currency pair the EA is loaded on.

Me myself I only use BUYSTOPS and SELLSTOPS. And since I downloaded and use your EA since last week or so, I indeed encountered the problem today with SELLSTOP orders.

Thank you very much if you can find time to look on / work on the code.

Kind regards.
  • #9
  • Oct 24, 2015 2:33am Oct 24, 2015 2:33am
Updated EA please do not use the Cancel Pending level ea in #Post 2 as it has a fault in the code. I have updated the code to run on the latest MT4 builds, if you want to see line labels right click on the chart and select /Properties/Common/show objects description - the line labels will appear with a description and ticket number.

Attached File(s)
File Type: ex4 Cancel Pending level nmc.ex4   41 KB | 1,675 downloads
Trade what you see not what you hope
  • #10
  • Edited 2:13pm Oct 24, 2015 4:03am | Edited 2:13pm
Thank you very much cja!

I really appreciate your willingness to help other traders here on the forum.

In my strategy, this EA is very, very important. I only daytrade and never leave trades open into the next day. I trade breakouts and regarding my TP, I take average daily range into account. If a breakout doesn't happen and price goes the opposite way, your EA is excellent with cancelling the pending BUYSTOP / SELLSTOP if my TP isn't attainable anymore for that day (if I take the average daily range into account).

Actually I'm a bit surprised that your EA has been downloaded "only" 224 times in 2 years, because I think this EA should be very helpfull for a lot of other traders.

Again, lots of thank and I will try the new version of the EA after the weekend.

Kind regards,
NederPip
  • #11
  • Oct 25, 2015 6:16am Oct 25, 2015 6:16am
I am not sure this is the right place to ask... but does somebody have a ex4 to close (all) trades at a particular time?
I tried a few but not one worked...

thanks in advance

TK
quality comes before quantity
  • #12
  • Oct 25, 2015 10:21am Oct 25, 2015 10:21am
Quoting cja
Updated EA please do not use the Cancel Pending level ea in #Post 2 as it has a fault in the code. I have updated the code to run on the latest MT4 builds, if you want to see line labels right click on the chart and select /Properties/Common/show objects description - the line labels will appear with a description and ticket number. {file}
Thank you! Very useful as I often use stop orders instead of stop losses. It has never happened (yet) but it would be a disaster if my trade came in and I wasn't around, then price reversed and triggered the stop order!
  • #13
  • Oct 26, 2015 2:45am Oct 26, 2015 2:45am
Quoting trading-kid
I am not sure this is the right place to ask... but does somebody have a ex4 to close (all) trades at a particular time? I tried a few but not one worked... thanks in advance TK
Hello trading-kid,

Here are some mq4 files of which I think will do what you want.

I think you should use close on time all open and pending orders after set day and time and set CloseAll to true.

ClosePendingOnTime only deletes pending orders.
Attached File(s)
File Type: mq4 close on time all open and pending orders after set day and time.mq4   2 KB | 1,613 downloads
File Type: mq4 ClosePendingOnTime.mq4   2 KB | 1,586 downloads
  • #14
  • Oct 26, 2015 3:17am Oct 26, 2015 3:17am
Quoting NederPip
{quote} Hello trading-kid, Here are some mq4 files of which I think will do what you want. I think you should use close on time all open and pending orders after set day and time and set CloseAll to true. ClosePendingOnTime only deletes pending orders. {file} {file}
dankjewel ga ermee aan de slag!
quality comes before quantity
  • #15
  • Oct 26, 2015 3:24am Oct 26, 2015 3:24am
Quoting trading-kid
{quote} dankjewel ga ermee aan de slag!
Great, you're welcome (graag gedaan).
  • #16
  • Oct 26, 2015 3:41am Oct 26, 2015 3:41am
Quoting NederPip
{quote} Hello trading-kid, Here are some mq4 files of which I think will do what you want. I think you should use close on time all open and pending orders after set day and time and set CloseAll to true. ClosePendingOnTime only deletes pending orders. {file} {file}
Awesome, It works. put it in expert folder allow live trading, and autotrading above in your screen.

TK
quality comes before quantity
  • #17
  • Oct 26, 2015 3:55am Oct 26, 2015 3:55am
Quoting trading-kid
{quote} Awesome, It works. put it in expert folder allow live trading, and autotrading above in your screen. TK
Yes, it's working fine for me too.
  • #18
  • Oct 26, 2015 4:11am Oct 26, 2015 4:11am
Quoting cja
Updated EA please do not use the Cancel Pending level ea in #Post 2 as it has a fault in the code. I have updated the code to run on the latest MT4 builds, if you want to see line labels right click on the chart and select /Properties/Common/show objects description - the line labels will appear with a description and ticket number. {file}
Hello cja,

I'm testing your EA today and it seems to work fine.

Kind regards.
  • #19
  • Edited 5:06pm May 12, 2016 4:54pm | Edited 5:06pm
maybe i will be able to revive this thread a bit. so did anybody found the EA which does what this one posted by cja does but has a choice of closing only one currency pair orders? I would think it should be pretty popular usage for a braket trading - if you trading it by having a preference of buy or sell only then you set the order. Once the price reaches the opposite level of your bracket you want to cancel the order, that's pretty much what i am doing.

The above EMA does it but if you trade more than one pair it shuts down all the pending orders on all pairs, not only on the pair you are trading.

Also, if you leave it on the chart, you cannot open any pending orders - it shuts them down right after entering so you have to remove the ea from the chart and add it before each use.

I would think it must have been programmed somewhere. Any idea?
  • #20
  • Dec 31, 2016 8:38pm Dec 31, 2016 8:38pm
Please help me!

I have many orders the same time, such as: orders Buy, Sell, Buy Stop, Sell Stop. I want when a order important (in my strategy) hit stoploss, EA will close & delete all the rest of them.

Thanks so much!
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