Re: MT4 Trading Utilities, Chart Tools & Add-ons

252
mladen wrote: Mon Mar 13, 2017 8:00 pm Markus,

Originally it was like that (the separate version was made later)
Here is the original (on-chart) version and some more on-chart versions (that allowed you to limit the symbols, since the first version I made was showing all the symbols from the market watch - so use the "limited" version in order to have just desired symbols buttons) - 3 separate versions on the example
I wonder if there is a Symbol changer MT5 version?

Re: MT4 Trading Utilities, Chart Tools & Add-ons

255
mades wrote: Mon May 11, 2020 10:47 pm Hi friends,

I accidentaly stumpled upon a thread on FF which is 3 years old and just 9 pages so totally hidden from the sight. In that thread, an EA (trade manager) was posted which uses the OrderCloseBy function instead of normal closing of the positions.

This function is a miracle for scalpers: It consolidates all the trades you have on the pair and you pay only 1 commission per 2 trades.

In the words of the guy who brought this to our attention and coded the trade manager:

"There's a neat little hidden gem in MT that's almost entirely undocumented and almost never used by developers (ever) that's called OrderCloseBy. What this function does is takes hedged orders and reconciles the transactions as netted. This allows you to do some neat things we'll talk about in a minute, but for now it's important to understand that if you use this method you are not charged double fees since you are instructing the broker server to reconcile the hedge as a netting transaction"


Im in a phase of testing it but it looks like it works. What is it good for?

A) You want to close multiple trades in one direction. If you do it manually one-by-one, slippage can occur very easily. With this function, you can open a counter(hedge) trade, which will effectively lock your profit and then close it all at once while not being charged multiple times.

B) You are a scalper and your system can produce multiple counter signals during a choppy day. You don't close&reverse the trades, but rather open a double sized counter position and wait until price starts moving in one direction and then close it while paying for only half of all your positions.

This function can be found in metatrader when you want to modify the position and in the window you can choose it from "type". I never used it before, never heard of it and it solves so many problems with costs when doing hedging/scalping.

Attached is the trademanager which was coded to demonstrate this functionality. Note, this is from 2017 (!).
There's lot of file in the zip. Would you please give some installation guidance where to put those files.
Thank you in advance.


Re: MT4 Trading Utilities, Chart Tools & Add-ons

256
Here is a useful manual backtesting tool. Auto-backtesting is good but manual backtesting has its place as well.

It is an EA which allows you to backtest trades with a single click using user-defined parameters based on ATR.

Trades will be "placed" and wins will be shown as a green line or losses as a red line.

The EA will keep track of total trades, total wins, win %, profit % and allows the user to export the backtesting data as a *.csv file.

Lightweight, easy, intuitive and very fast to use; basic instructions are located within the EA window.

I did not make this EA. It was created by a member of a forex community called "NoNonsenseForex" who base their TP/SL strictly on ATR. Very useful if you do the same.

The only thing it's really missing is the ability to account for trades which would have kept running, or that you could have stacked/pyramided into. It does a very good job at very quickly manually assessing the efficacy of a trading system though.
These users thanked the author Chintzki for the post:
thomdel

Re: MT4 Trading Utilities, Chart Tools & Add-ons

259
Chintzki wrote: Mon May 31, 2021 3:34 pm Here is a useful manual backtesting tool. Auto-backtesting is good but manual backtesting has its place as well.

It is an EA which allows you to backtest trades with a single click using user-defined parameters based on ATR.

Trades will be "placed" and wins will be shown as a green line or losses as a red line.

The EA will keep track of total trades, total wins, win %, profit % and allows the user to export the backtesting data as a *.csv file.

Lightweight, easy, intuitive and very fast to use; basic instructions are located within the EA window.

I did not make this EA. It was created by a member of a forex community called "NoNonsenseForex" who base their TP/SL strictly on ATR. Very useful if you do the same.

The only thing it's really missing is the ability to account for trades which would have kept running, or that you could have stacked/pyramided into. It does a very good job at very quickly manually assessing the efficacy of a trading system though.
is this indic has the same function with with RR from trading view?
and have u tried nnfx trade assistant? i found it very usefull using atr base calculation. but the problem it wont work if switched trrough currency changer and sometimes doesnt riggerd. i wonder why.... seem at most work on 2 pair.

Re: MT4 Trading Utilities, Chart Tools & Add-ons

260
Chintzki wrote: Mon May 31, 2021 3:34 pm Here is a useful manual backtesting tool. Auto-backtesting is good but manual backtesting has its place as well.

It is an EA which allows you to backtest trades with a single click using user-defined parameters based on ATR.

Trades will be "placed" and wins will be shown as a green line or losses as a red line.

The EA will keep track of total trades, total wins, win %, profit % and allows the user to export the backtesting data as a *.csv file.

Lightweight, easy, intuitive and very fast to use; basic instructions are located within the EA window.

I did not make this EA. It was created by a member of a forex community called "NoNonsenseForex" who base their TP/SL strictly on ATR. Very useful if you do the same.

The only thing it's really missing is the ability to account for trades which would have kept running, or that you could have stacked/pyramided into. It does a very good job at very quickly manually assessing the efficacy of a trading system though.
Thank you!


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