Help with MT4 pending orders? They aren't triggering | Forex Factory

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Help with MT4 pending orders? They aren't triggering

  • #1
  • First Post: Nov 25, 2015 5:43pm Nov 25, 2015 5:43pm
I have a very simple EA set up to simply create a Pending buy and Sell when a trade hits SL

OrderSend(Symbol(),OP_BUYSTOP,Lots,rask+Distance*pip,3,rask+Distance*pip-StopLoss*pip,tp3)
OrderSend(Symbol(),OP_SELLSTOP,Lots,rbid-Distance*pip,3,rbid-Distance*pip+StopLoss*pip,tp4)

so it pretty much opens a pending order from current price +/- "Distance"

I usually set the distance to 10, but sometimes no pending orders are created? and i'm wondering why?,

is it as simple as moving my slippage to a higher value? (99999?)

I'm using a 5 digit broker
  • #2
  • Nov 25, 2015 6:21pm Nov 25, 2015 6:21pm
Hi,

I take it that pip is the point value right ?

If so, best to put the "Distance * pip" section in brackets before adding to the ask price. SO more like

OrderSend(Symbol(),OP_BUYSTOP,Lots, rask+(Distance*pip)--------------------

My point value cal.

if(StringFind(Symbol(),"JPY")>(-1) ) PointValue=.01;
else if(StringFind(Symbol(),"XAU")>(-1)) PointValue=.1;
else if(StringFind(Symbol(),"GOLD")>(-1) ) PointValue=.1;
else if(StringFind(Symbol(),"XAG")>(-1) ) PointValue=.01;
else if(StringFind(Symbol(),"SILVER") > (-1)) PointValue = .01;
else if(StringFind(Symbol(),"XTIUSD") > (-1)) PointValue = .01;
else PointValue=.0001;
or PointValue=MarketInfo(OrderSymbol(),MODE_POINT);
  • #3
  • Nov 25, 2015 6:33pm Nov 25, 2015 6:33pm
yes pip is point value...

if(Digits==4 || Digits==2) pip=Point;
if(Digits==5 || Digits==3) pip=Point*10;

my problem is, if i set distance to say 5 pips
and lets say my EA triggers; @ 1.10900

it should create a buy stop @ 1.10950 with a SL and no TP
and
Sell Stop @ 1.10850 with a SL and no TP

but sometimes it doesn't even place these pending orders because i believe price moved and my buystop/sellstop became invalid orders

is there a way to get around this?
  • #4
  • Nov 25, 2015 6:54pm Nov 25, 2015 6:54pm
just 20 minutes ago, red news for AU

caused GBPAUD to spike, and thus my pending order was not entered... because it spiked up (the EA still created a sell stop, but no buy stop)

is there any change i can do?
  • #5
  • Nov 25, 2015 7:56pm Nov 25, 2015 7:56pm
Quoting jangezkhan
just 20 minutes ago, red news for AU caused GBPAUD to spike, and thus my pending order was not entered... because it spiked up (the EA still created a sell stop, but no buy stop) is there any change i can do?
Have you checked the minimum distance allowed for stop/limit orders with your broker because if your pending order is under that level it will not action the order.
Trade what you see not what you hope
  • #6
  • Nov 26, 2015 5:19am Nov 26, 2015 5:19am
Quoting cja
{quote} Have you checked the minimum distance allowed for stop/limit orders with your broker because if your pending order is under that level it will not action the order.
Thanks Cja, was just about to suggest that.
  • #7
  • Nov 26, 2015 5:30am Nov 26, 2015 5:30am
Hi,

What error code are you getting when your order is rejected? You can use Alert(GetLastError()); once the order is sent, to see.

Phil
  • #8
  • Nov 26, 2015 12:36pm Nov 26, 2015 12:36pm
Thanks guys

i added Refreshrates() before the order (hopefully this does something?)

and i also added getlasterror()
  • #9
  • Nov 26, 2015 3:17pm Nov 26, 2015 3:17pm
Quoting jangezkhan
Thanks guys i added Refreshrates() before the order (hopefully this does something?) and i also added getlasterror()
Another couple of things to consider is depending on your Broker the minimum Pending order distance can increase significantly around news events and the other issue is often what can work on a Demo account does not necessarily work on a Live account, regardless of what Brokers say a Live account and Demo account handles trades differently.
Trade what you see not what you hope
  • #10
  • Nov 26, 2015 8:09pm Nov 26, 2015 8:09pm
Click on the Journal Tab on the bottom of MT4. It should tell you why your orders were not placed.
  • #11
  • Nov 26, 2015 8:25pm Nov 26, 2015 8:25pm
Quoting cja
{quote} Another couple of things to consider is depending on your Broker the minimum Pending order distance can increase significantly around news events and the other issue is often what can work on a Demo account does not necessarily work on a Live account, regardless of what Brokers say a Live account and Demo account handles trades differently.
this is what i'm experiencing - thanks

Thanks Eventhorizon, i'll check the journal tab
  • #12
  • Nov 26, 2015 10:01pm Nov 26, 2015 10:01pm
Quote
Another couple of things to consider is depending on your Broker the minimum Pending order distance can increase significantly around news events and the other issue is often what can work on a Demo account does not necessarily work on a Live account, regardless of what Brokers say a Live account and Demo account handles trades differently.


Yea. I always experiment with an EA or trading system on a cent account. Note that for some reason backtesting on a cent account gives different results than a full account. If you do a backtest while you have a cent account logged into, the backtest will test on a cent account basis. To do a normal backtest you must log into a normal account or have a normal demo logged into.
  • #13
  • Dec 2, 2015 6:37pm Dec 2, 2015 6:37pm
hey guys,

it's a Error 130 - Invalid Stops

which confirms the fact that by the time i put my SL in (sometimes) it rejects it because it is witihin the 4 pip order zone (or whatever you call it)

slippage doesn't fix this...

i guess i just need to widen my stops? from 20 to 30???? i would have thought that 20 pips is reasonable... but sometimes it just doesn't trigger

anyone else fixed Error 130 issues?
  • #14
  • Last Post: Edited 11:32am Dec 3, 2015 10:39am | Edited 11:32am
Quoting jangezkhan
i guess i just need to widen my stops? from 20 to 30????
I think it depends on your broker but mine uses five decimal places in its metatrader price feed.

A stop value of 20 or 30 in metatrader would equate to a 2-3 point value in a trade which I would expect to be rejected as it is too close to price, just a hunch but if you want to use 20 or 30 point stops you should try 200 or 300 values in your code.

If this doesn't help, it could still be something wrong with your OrderSend syntax. When I have trouble of this kind I replace the variables from the OrderSend command with the values I expect just to see if it would work anyway.

I also sometimes print out (or use alerts) the respective order send values to the journal so that I can check that they are what I expect them to be.
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