The Hidden Pending EA

[Haggadah]

and again an update, new the first opposite trade if filled will not be handeled as stack trade, if you use a different lotsize for stacking trades, too I fixed some bug in the TP/SL handling..

As always update is attached at the first post

Cheers

Tommaso

Tommaso,

Thank you. I will let you inform of any bugs.

Haggadah

[Over60]

Hi Milanese,

using version “K”, the attached alert did display and the EA runs into an endless loop.
Version “F” without stacking lotsize adaption still works proper.
Accout GP. By testing: lotsize 0.05 was used for both settings.

In contrast to "Haggadah´s" intention, I don´t prefer to "scale in" with a increased lotsize; e.g. in a performing direction. It depends on further criteria (Risk-,Money-Management, RMM). But in the starting period, there is sometimes no performance (profit) already available for calculation, unless the account did already previously move into an appropriate profit to calculate with.

It might be make sense to use "scale in" to increase the lotsize for a hedge pending (trading bidirectional).
Anyway it´s traders philosophie to scale in or out, similar to the order-management by applying partial profit. From my Point of view, such strategies needs advanced resp. dynamic RMM-control.

But did I understand it correct, that by increasing the lotsize, no further stacking will perform ... or does it works only for the hedge pending on the opposite in the bidirectional setting?

I´d appreciate this feature, but it should work bidirectional, to switch e.g. "scale in" or "scale out" on or off by true and false (for both directions).
But I´m afraid, that such feature would probably overcharge the origin design.

stay tuned...

Trade well my friends
Over60

[milanese]

Hi Milanese,

using version “K”, the attached alert did display and the EA runs into an endless loop.
Version “F” without stacking lotsize adaption still works proper.
Accout GP. By testing: lotsize 0.05 was used for both settings.

.........

stay tuned...

Trade well my friends
Over60

Thanks Over60 for spotting this there was indeed again a bug inside that is now fixed. Too you will find a new input UseStackLotTooForFirstOpposite setting this to true, the first opposite trade will be too handeled as a stacktrade in lotsize.

As always latest one is attached in first post.
Please let me know if there are still bug, because the new versions are all using some redesign (since the seperate stacklot function)

Cheers

Tommaso

[Over60]

Hi Milanese,

If you think about a redesign, please have also a glance to TP-and SL-functionality, although I do not work always with SL and TP on my accounts.

It seems that they work proper in the latest K-version.
Due to missing SL/TP-indication onto the chart and dashboard-display, maybe there is a possibility to make SL and TP visible by any graphical symbol.

BTW, it seems to me also, that the dashboard does not indicate or calculate the spread correctly.
GP use 5-digits. The provided spread at GP should be pending e.g. “0,2 -0,8”, but that`s only a minor cosmetic feature.

Let me remember, do you see any possibility to move automatically the opposite hidden pending according to the price movement in any direction. For me as a “noncoder”, easy spoken, that would need a routine to compare the current price with the origin distance of the opposite pending.
If price moves and a new pending in price-direction has been entered by stacking, the opposite pending (bidirectional) should jump automatically and according to the predefined distance, similar as a trailing stop. If a jumping functionality, instead of a trailing-offset might be the right tool for such a feature, it has to be tested forwardly and proved.

Actually it´s not very comfortable, because after consecutive entering of stacked orders (in profit) at any price-level the origin opposite "hedge pending" remains at the origin price-level. The EA has to be removed and attached again to adapt the opposite pending (call it hedge-pending) to the new resp. current price-level.

Thanks for your attention and support.

Trade well my friends
Over60

[milanese]

Hi Milanese,

If you think about a redesign, please have also a glance to TP-and SL-functionality, although I do not work always with SL and TP on my accounts.

It seems that they work proper in the latest K-version.
Due to missing SL/TP-indication onto the chart and dashboard-display, maybe there is a possibility to make SL and TP visible by any graphical symbol.

BTW, it seems to me also, that the dashboard does not indicate or calculate the spread correctly.
GP use 5-digits. The provided spread at GP should be pending e.g. “0,2 -0,8”, but that`s only a minor cosmetic feature.

Let me remember, do you see any possibility to move automatically the opposite hidden pending according to the price movement in any direction. For me as a “noncoder”, easy spoken, that would need a routine to compare the current price with the origin distance of the opposite pending.
If price moves and a new pending in price-direction has been entered by stacking, the opposite pending (bidirectional) should jump automatically and according to the predefined distance, similar as a trailing stop. If a jumping functionality, instead of a trailing-offset might be the right tool for such a feature, it has to be tested forwardly and proved.

Actually it´s not very comfortable, because after consecutive entering of stacked orders (in profit) at any price-level the origin opposite "hedge pending" remains at the origin price-level. The EA has to be removed and attached again to adapt the opposite pending (call it hedge-pending) to the new resp. current price-level.

Thanks for your attention and support.

Trade well my friends
Over60

The spread is always shown in points so it is correct shown..

Cheers

Tommaso

[Over60]

OK ...

I confirm, sorry, because I have also accounts with 4-digits.

Kind regards
Over60

[Haggadah]

Hi Milanese,

using version “K”, the attached alert did display and the EA runs into an endless loop.
Version “F” without stacking lotsize adaption still works proper.
Accout GP. By testing: lotsize 0.05 was used for both settings.

.........

stay tuned...

Trade well my friends
Over60

Thanks Over60 for spotting this there was indeed again a bug inside that is now fixed. Too you will find a new input UseStackLotTooForFirstOpposite setting this to true, the first opposite trade will be too handeled as a stacktrade in lotsize.

As always latest one is attached in first post.
Please let me know if there are still bug, because the new versions are all using some redesign (since the seperate stacklot function)

Cheers

Tommaso

Tommaso,

Kudos, version L is now working. I will let it run more for the next few days and report for any bugs.

Over60, what do you mean scale -in-Scale-out?

Most of the time I am running all the pairs available with low leverage/lot. At the start of the trading session, market is just moving up and down without any clear parth. What I am doing at this time is closing negative and positive trades zeroing out and position Tommaso's HiddenPending EA helper where the two closed pairs were going.

In the case of my stacking trades going against me, closing a part of it and then position the EA in the opp. direction with different lot to recover the losses. Higher lot for the stacking is a kill if one knows how to employ correctly with the correct distance. However, you may choice the same lot as you wish. The option is there.

Reading all your posts - very helpful.

Haggadah

[Over60]

@Haggadah,

Thanks for your comments.

“Scale in or scale out” might be a term of order-, risk- and money-management.

If there is enough profit already generated and the fund in your account remains untouched and protected, we only will deal with generated profit and not with the fund, we did invest.
The art of trading now is to let your account increase by a certain grow, which we should not touch, calculated by money-management or some simulations using a spreadsheet during daytrading, I already talked about. The money-risk should not move in the part of your invested fund + certain profit generated + security/recovery money for emergencies.

For novices with small accounts (mostly undercapitalized), this is very hart to work with (especially by trading multiple orders) and needs a lot of patience over a long time, considering risk/reward of 1 or 2% (RR). For experienced traders, with success-rates > 60% it might be higher.

I talk about real trading and a real money-account and not about the illusions of demo-traders dealing with robots and only with fictive accounts. To trade bidirectional with multiple orders, call it hedging, after some time of experience, we can harvest in consecution the profit by reinvesting partly the profit without greed, “swimming with the price-movement” and take profit in time occasionally.

Don´t start trading initially, when you go live, not considering the vola of trading hours, weekdays or the different trading sessions about 24h. Please refer to the previous posts and the pdf´s I linked about these issues. Please find attached an indi, which I use to watch, what did happen e.g. in the European-, Asian- or American- channel. Drag your cursor about the market profile and it will indicate in color what did happen during that sessions and the amount of orders, even we don´t know the buys and sells.

It is not the holy grail, only a little helper and be aware to watch what the previous days (swing) carefully. Might be helpful and keep in mind, that traders cannot be live 24h.

Traders invest at the high to sell low and vice versa, so I do not have more to talk about.

Find attached a pic and ask yourself, what you mind how price will move the next few hours.
has nothing to do with the hiddenpending ea.

Trade well my friends
Over60

[Haggadah]

@Haggadah,

I talk about real trading and a real money-account and not about the illusions of demo-traders dealing with robots and only with fictive accounts. To trade bidirectional with multiple orders, call it hedging, after some time of experience, we can harvest in consecution the profit by reinvesting partly the profit without greed, “swimming with the price-movement” and take profit in time occasionally.

Don´t start trading initially, when you go live, not considering the vola of trading hours, weekdays or the different trading sessions about 24h. Please refer to the previous posts and the pdf´s I linked about these issues. Please find attached an indi, which I use to watch, what did happen e.g. in the European-, Asian- or American- channel. Drag your cursor about the market profile and it will indicate in color what did happen during that sessions and the amount of orders, even we don´t know the buys and sells.

Trade well my friends
Over60

Over60,


Thank you. I have 2 practicing demo account, and one live, all from Global Prime. The live was opened back in January with initial capital of $1000. I treat this one as my transition from demo to real account just doing the way I learned from previous years of demo. Lucky enough, after ten months my account grows more than doubled. Maybe it is just luck, but there were times that I was stuck with the EURUSD a couple of months ago when the pair went down, yet was able to recover. I am not a fan of stop loss instead using hedge to recover my losses.

It appeared that you are using hedge to protect your profit and stop loss to cut your losses. I can imagine that you have a several trades running in one pair in both direction. What working TF you are using? I used the daily, up to weekly and down to h4.

Cheers,

Haggadah :

[Over60]

Hi Haggadah,

I agree with you. I´m also prefer a hedge-trade, instead of SL´s.
Find attached a link and discussion about this issue.

http://www.forexfactory.com/showthread.php?t=351191

Concerning the TFs, that depends on the hourly volatility during scalping.

I trust my experience or call it intuition.
For daytrading and sometimes trading swing about 2-3 days, if there is a trend located, I watch and break down from the weekly-TF to H4 and H1, where I expect the ranges that price (vola) will probably come across and where I have to place my pendings.

The TM-indicator introduced by “boldtrader” is such a useful vola tool, but other vola-indicator-channels works similar in the same manner.
Then I try to cut my piece of the cake.

Intraday scalping it is a little bit different, it depends be it live or not and further criteria.

That´s the reason to use the hiddenpending in periods of absence, starting with high lotsize and to scale out in the sense of taken partial profit. With the generated profit (by taken partial profit) I can increase the fictive stop-levels, but this method is very risky, especially for beginners. BTW: I get the signal-alerts via smartphone.

I agree also with you, that the last few months not only regarding the EUR/USD were a challenge.
But anyway a good training to collect experiences trading small ranges and moves.
Now the vola did increase from previously 50 to appr. > 100 pips a day.

http://www.forex-tribe.com/Forex-Volatility.php

Hint: set the request to duration of 1 or 2 weeks, to get actual values.

I regret, that the hiddenpending does not work on multiple charts of the same symbol, but it doesn´t matter by using further accounts.

In reference to my published Chart from afternoon (screenshot 4:03 pm recorded), the price in the meantime did slightly go long as expected.
Now the European market-places are closed.
We will see, what will be happen at 8:00 pm, when the NYSE-traders come back from lunch.

Have fun…and success …

Trade well my friends
Over60