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scalp helper tool

  • #1
  • First Post: Edited Feb 19, 2017 11:02am Nov 9, 2016 5:08pm | Edited Feb 19, 2017 11:02am
This thread is about small mql
tool that help using methodology and trade levels described here :


http://www.forexfactory.com/showthread.php?t=608433



while being AFK.


I don't want clutter above thread with error reports and questions related to this tool - that is why new one was started.


Main features of this tool include :
- handling 4 price levels with prescribed TP,SL and risk expressed in account percent or cash
- optional break even and trailing stops
- missed level detection - check referenced thread for details
- trading hours - by means of hours and weekdays



Please keep that in mind that this is not finally tested version.
Code is handling your order -so your money and it must be tested and trusted prior live use.
So use at own risk.


I encourage you to check it on demo and report spotted errors using
toned meaningful posts.


whole code will be keept free ,possibly updated ,
maybe with source code - it is object oriented code - so it takes a while to handle all include tree to grab.



Check last posts to download newest version.
  • #2
  • Nov 10, 2016 4:31pm Nov 10, 2016 4:31pm
version 002b:

new feature has been turned on :
variable :
// how many days order will be valid:sat,sun included.

floating - number of days [24hrs] from EA start time
that orders will be ready to open

after given floating number of days, even if level is hit, it wont fire


in version 002 mentioned variable was ignored
[all other features unchanged ]
Attached File(s)
File Type: ex4 ScalpHelper002b.ex4   67 KB | 675 downloads
  • #3
  • Nov 16, 2016 1:38pm Nov 16, 2016 1:38pm
Quoting januszo
version 002b: new feature has been turned on : variable : // how many days order will be valid:sat,sun included. floating - number of days [24hrs] from EA start time that orders will be ready to open after given floating number of days, even if level is hit, it wont fire in version 002 mentioned variable was ignored [all other features unchanged ] {file}
Â
Hi
Can you show a screenshot?
I have no computer to test personally happy man
Â
Thanks
Beware of robber banks (RB), bad advisors.
  • #4
  • Nov 16, 2016 2:02pm Nov 16, 2016 2:02pm
Quoting Not-KPMG
{quote} Hi Can you show a screenshot? I have no computer to test personally happy man Thanks
screenshot of what ? ea panel ?
Attached Image (click to enlarge)
Click to Enlarge Name: scalphelper002.png Size: 41 KB
  • #5
  • Nov 16, 2016 9:52pm Nov 16, 2016 9:52pm
Quoting januszo
{quote} screenshot of what ? ea panel ? {image}
It's complex affair
 
Seems you have put a lot if effort in it. 
I meant a meta trader screen, the type of visual overview with particular examples. But if it's complex it is. 
 
Someday i will load my computer and get testing...but too busy
Beware of robber banks (RB), bad advisors.
  • #6
  • Nov 17, 2016 2:59am Nov 17, 2016 2:59am
Quoting Not-KPMG
{quote} It's complex affair  Seems you have put a lot if effort in it. I meant a meta trader screen, the type of visual overview with particular examples. But if it's complex it is.  Someday i will load my computer and get testing...but too busy
Not much.
most components were used somewhere else.


all is simple, drop down side and price and session hours.
rest works by default.
  • #7
  • Dec 6, 2016 5:35pm Dec 6, 2016 5:35pm
what else to say?
keep mt4 charts on top
using tile button [when using it on two or more instrument charts]


any change requests or bugs u spotted?
  • #8
  • Dec 13, 2016 5:23pm Dec 13, 2016 5:23pm
version c allows :
- set _beTpConstInPips to be negative : break even with a small loss
- trades are opened in less sensitive to vps speed fashion
- trades are opened basically _openLevelNearDistancePips pips earlier than levels put sth like 0.5 ,1 or 1.5 there
Attached File(s)
File Type: ex4 ScalpHelper002c.ex4   70 KB | 458 downloads
  • #9
  • Dec 13, 2016 5:28pm Dec 13, 2016 5:28pm
If this is a tool not system, maybe it fits better platform tech.
  • #10
  • Dec 13, 2016 5:53pm Dec 13, 2016 5:53pm
Quoting Lilly88
If this is a tool not system, maybe it fits better platform tech.
is it possible to move thread there ?
  • #11
  • Dec 15, 2016 5:50pm Dec 15, 2016 5:50pm
version d allows :

- skip few ticks that moved price less than a pip or so [_skippedTicksPriceMoveInPips input variable default value = 1.0]

it talks a lot about ticks skipped
In general it allows to make cpu cost lower.IMHO.
Attached File(s)
File Type: ex4 ScalpHelper002d.ex4   73 KB | 455 downloads
  • #12
  • Dec 21, 2016 11:16am Dec 21, 2016 11:16am
Hi Jan,

Thank you for the tool.

I think I found an error.

Yesterday on AudUsd, the short trade (0.7254) took very long, just chopping around, and after a while in drawdown, the EA opened a SECOND position close to the same entry (see attached).

Unlucky for me, I took a double loss on that trade!

This could possibly be because I got 1 pip positive slippage on the initial entry, and when price later came to 0.7254 it took another trade.

I think the solution could be to place a code that only allows one trade on a currency pair at any one time (maximum simultaneous trades as 1).

I would also like to suggest a "hidden SL" option - which is placed only when market hits the area.

Many thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: EA Error.jpg Size: 210 KB
  • #13
  • Edited 6:25pm Dec 27, 2016 6:00pm | Edited 6:25pm
Quoting kenlionheart
Hi Jan, Thank you for the tool. I think I found an error. Yesterday on AudUsd, the short trade (0.7254) took very long, just chopping around, and after a while in drawdown, the EA opened a SECOND position close to the same entry (see attached). Unlucky for me, I took a double loss on that trade! This could possibly be because I got 1 pip positive slippage on the initial entry, and when price later came to 0.7254 it took another trade. I think the solution could be to place a code that only allows one trade on a currency pair at any one time (maximum...
Thank you for this error information.

I have fixed "a code that only allows one trade on a currency pair at any one time (maximum simultaneous trades as 1)"
Due to logical error it allowed to open up to 2 trades instead to block when one is opened.
Now there is parameter added _maxTradesPerSymbolOpened =1 [default value].


According to my check AU 0.7254 was opened at GMT+2 4:37 in the morning and SL-ed at 5:03 .
then open at 9:26 till SL at 10:22
then open at 18:51 till TP at 0:44 next day [21st December]



PS
Please do not trust any of my words
and try testing it by yourself this new 002e version.
Any feedback is welcome.
Attached File(s)
File Type: ex4 ScalpHelper002e.ex4   73 KB | 479 downloads
  • #14
  • Edited 6:35pm Dec 27, 2016 6:12pm | Edited 6:35pm
Every tick in mt4 EA is opening new thread that works on the code and allocated memory of EA.
Two checks of opened orders are present:
1.price level - when level is spotted suitable for trade to open it is marked as used and then cannot be used again.
2. before execution
before calling OrderSend number of open orders and pending orders [unneccessary here ] is checked.
When the number is above or equal to _maxTradesPerSymbolOpened, then no order is to be opened.

There still is small hole present : when market order is sent by OrderSend - its result is checked.
If unsuccessful - another call is being executed without check if there is order present.
One way around this is to wait a second or two after unsuccessful OrderSend call,
then check orders number again then if no orders present call OrderSend again.
But after that second or two - price could drive away.
Well , any suggestions?
  • #15
  • Dec 27, 2016 6:28pm Dec 27, 2016 6:28pm
Also please keep in mind that any EA restart - change of parameters , click ok when looking at params page
causes that all levels are valid again.
  • #16
  • Jan 1, 2017 5:08pm Jan 1, 2017 5:08pm
Quoting januszo
Also please keep in mind that any EA restart - change of parameters , click ok when looking at params page causes that all levels are valid again.
Hi Jan, I am not sure how I got a message from you. I am also not sure how this EA works -does it analyse the market or is it one for doing entry orders? Thanks.
  • #17
  • Jan 2, 2017 3:21pm Jan 2, 2017 3:21pm
Quoting januszo
Every tick in mt4 EA is opening new thread that works on the code and allocated memory of EA. Two checks of opened orders are present: 1.price level - when level is spotted suitable for trade to open it is marked as used and then cannot be used again. 2. before execution before calling OrderSend number of open orders and pending orders [unneccessary here ] is checked. When the number is above or equal to _maxTradesPerSymbolOpened, then no order is to be opened. There still is small hole present : when market order is sent by OrderSend - its result...
Why would an order send be unsuccessful?
(Forgive the lack of knowledge on coding)

I would suggest: Instead of market entry, when price comes within 5 pips (user defined) of the level, the EA places a limit order. If there is already a limit order there, do nothing.

This avoids problems with market orders... order send error or potentially multiple trades at the same time - and even avoid things like slippage etc...

Thank you for the previous fix.
  • #18
  • Jan 2, 2017 3:23pm Jan 2, 2017 3:23pm
I have a few questions if you would be kind enough to answer please:

1 - openLevelNearDistancePips
Does this mean at default "1.5", it will take the trade 1.5 pips early, and at "0" it will trade exactly at the level?
If yes - is TP calculated from entry or the from the level?

2 - missedLevelNearDistancePips and missedLevelRetrace
Does this mean if market comes within "3" pips and moves away "10" pips, it will cancel the trade?
If yes, the 10 pips is calculated from the level or from where price turned away?

3 - How do beTpConstInPips (default "-2") and beConstInPips (def "8") and tsConstInPips (def "0") work?

4 - How does maxSpreadInPips (default "3") work?

5 - What does skippedTicksPriceMoveInPips (def "1.0") mean and how does it work?

Many thanks in advance.
  • #19
  • Jan 2, 2017 3:26pm Jan 2, 2017 3:26pm
Thanks again for the tool.

I took a few moments to think how I would have wanted things... and I have a few ideas.

My suggestions to improve your EA:

1 - Option for EA to draw a line on the chart at the levels (with choice of colours for longs and shorts)

2 - Option to include fixed ECN commission charges into the risk (I want to risk 1% total including fees) - (would also need to specify how much $ the commission is per lot)

3 - Idea: instead of specifying Long/short for each level, EA automatically checks: if the level is below market - its a buy, and if above market: sell

4 - Instead of market entry, when price comes within 5 pips (user defined) of level, place a limit order (mentioned previously)

5 - Option to have a "hidden SL" - i.e. SL placed by EA only when market comes within 2 pips (user defined) of SL (mentioned previously)

6 - Is the source code available?

Let me know what you think.
Many thanks.
  • #20
  • Jan 2, 2017 3:35pm Jan 2, 2017 3:35pm
Quoting shimmering
{quote} Hi Jan, I am not sure how I got a message from you. I am also not sure how this EA works -does it analyse the market or is it one for doing entry orders? Thanks.
It open orders at selected levels .

Set _tradeLevel1,2,3,4 or set to 0.0 if not used
_tradeLevel1Side to set order side
_Risk - to set risk per trade %

_openLevelNearDistancePips set to 0 or 0.5-1.5 - order will be opened 0-1.5 pips ahead of level

_missedLevelNearDistancePips set to 0 or 0..3 - when price miss level by 3 pips - level is invalidated
_missedLevelRetraceDistanceFromNearPips - 8-...15 minimum retrace distance traveled by price after touching a level - to make order invalid
_beTpConstInPips - set 0 .. 0.5 also less than zero is permitted - tp of an order that is set to "break even"
_beConstInPips - distance in pips that fires setting order stop loss to "break even" - tp level is zero or non zero - dep on variable above
_tsConstInPips put zero or optional trailing stop - set not 0 when tp > 10pips
_numberOfSessionsLevelsAreValid - number of days price levels are valid [24hrs counted from ea start/restart ]
_maxSpreadInPips - put it 1 or 3 - broker max spread to open trade
_skippedTicksPriceMoveInPips - 1.0 , ea skip ticks that moved price less than given distance
_maxTradesPerSymbolOpened - default 1 - check that defines max number of opened trades at one account for given symbol - opened by this EA [see MAGICMA id ]

_takeMonday - open trades on mondays when true

_take01 - open tradesfrom 2.00:00 AM till 2.59:59 AM when true
_take02 - open trates from 3.00:00 AM till 3.59:59 AM when true
_take03 .. itd
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