Track and control both the total number of open tickets/account and the number of each specific open Order Symbol/Instrument(types?)

FourX · 2012-07-23T13:11:57.0000000Z

I need to maintain the number of open market orders, and perhaps eventual pending orders as well, by each instrument symbol that are currently active and open. This needs to persist past each new tick and only gets altered when a specified symbol is closes and/or opens. I'm contemplating the usage of the ' switch......, case...... ' operators for this and just have a global variable for each pair and the number of open orders for each pair. Basically all I am trying to do is control the number of open orders both per symbol instrument & account. I may have two charts per symbol open at the same time: one for long Buy orders parameters and the other for Short Sell Orders. But these 2 separate buy/sell charts are a secondary consideration at this point in time. All I really want to do is just control the number of orders that will be open at any one time (for each instrument symbol so that other pairs can open as well) and for the entire account so that it doesn't get 'stopped out'. I want to be able to control the number of trades per chart to that a couple don't fill it up and not leave room for other pairs to trade. There must be numerous ways to do this including a lot simpler than my initial example than the use of the switch......., case ..... operators that I am contemplating. All I really need to do is to go through the list of open & pending?) orders and either place it or not if my limit for that symbol pair has been reached. This will likely be one per pair, but I want the flexibility to allow for other quantities. But already having and maintaining a constant list of open pairs and only change it when an order is open or closed would be a lot more efficient and quicker than having to cycle through the whole stack of open orders every time (wouldn't it)? I want to keep everything as quick and as efficient as possible. Thanks for any and all assistance. (< 8)

FourX 2012.07.17 18:38 #11

WHRoeder:

When you respond, you give the troll power. When you ignore the troll, he starves for attention and eventually dies.

Well as you can see WHRoeder et al(), it is having !no effect on me;
 { 
   Therefore, IpSoFacto I am !not a Troll!;
     {
       Run this through your Logic Compiler and you will see that it does indeed 'compute';
     }
   Keep wogging on anyway WH;
 }
return(TRUE);

// (< 8)

FourX 2012.07.17 18:39 #12

Thanks for your help anyway WHRoeder.

FourX 2012.07.23 11:48 #13

Took the KISS route:

// Simple MA Cross EA using OCO:


// Global variables

int i_BuyTicketCount  = 0;
int i_SellTicketCount = 0;
  //... continues on....


int start()
 ;
  // Lot Size calculations etc.   ... continues on.......


/////////////////////////////////////////////////////////////////////////////////////////////

  // Start of Close SELL Orders  and  Open BUY Orders   OCO Logic: 

    if(FastMA > SlowMA && BuyTicket == 0)
       // .... continues on .....

     // Close SELL orders:
        bool Closed = OrderClose(SellTicket,CloseLots,ClosePrice,UseSlippage,Red);
        if(Closed == true) 
        && i_SellTicketCount > 0) 
        i_SellTicketCount--;
          // .... continues on

///////////////////////////////

     // Open BUY Orders:
        BuyTicket = OrderSend(Symbol(),OP_BUY,LotSize,Ask,UseSlippage,0,0,s_Comment,i_MagicNumber,0,Green);
        if (BuyTicket != -1) 
        i_BuyTicketCount++;
          // .... continues on.......

///////////////////////////////

      // BUY Order Modification:
          else
            {
              // .... continues on....


/////////////////////////////////////////////////////////////////////////////////////////////

  // Start of Close SELL Tickets  and  Open SELL Orders  OCO Logic: 

    if(FastMA < SlowMA && BuyTicket == 0)
       // .... continues

     // Close BUY Orders:
        bool Closed = OrderClose(BuyTicket,CloseLots,ClosePrice,UseSlippage,Red);
        if(Closed == true && i_BuyTicketCount > 0) 
        i_BuyTicketCount--;
                  
///////////////////////////////

     // Place SELL Orders:                              
        SellTicket = OrderSend(Symbol(),OP_SELL,LotSize,Bid,UseSlippage,0,0,s_Comment,i_MagicNumber,0,Red);
        if (SellTicket != -1) 
        i_SellTicketCount++;
          // Error Handling:   continues on .......

///////////////////////////////

      // SELL Orders Modification:
          else
            {
              // .... continues

Works well except:

1 - Loses track of orders if EA de/reattached, compiled, restarted etc

So going to add in 'Open Order 'loop'' anyway.

In Back Test or Optimization, it only has one order open at a time as it is supposed to.

But in Live trading, it runs amuck and opens new orders ad infinitum )< 8(

2 - Messes up the orders modifications which amongst other things keeps SL set amount behind current price (Immediate TSL)

This is currently rather fragile anyway and doesn't take much, such as ANY alterations to above two Order Close & Open functions within the same broad scope, to mess it up.

This has Money Management (MM), but I've added in more to limit # of open orders with inclusion of Account Equity test which works OK but likewise messes up the Orders Modifications logic

Trade - MetaTrader 5 Basic Principles - Trading Testing Visualization - Algorithmic

William Roeder 2012.07.23 12:11 #14

FourX:

When you respond, you give the troll power. When you ignore the troll, he starves for attention and eventually dies.

FourX 2012.07.23 13:11 #15

WHRoeder:
When you respond, you give the troll power. When you ignore the troll, he starves for attention and eventually dies.

Then stop looking in the mirror at the Troll and IGNORE me then!!!

Track and control both the total number of open tickets/account and the number of each specific open Order Symbol/Instrument(types?) - page 2