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MetaQuotes Software Corp.
Moderator
177123
MetaQuotes Software Corp. 2012.02.09 06:41 

Time trader v1.1:

Opens specified orders at a specified time

Author: Tonny Obare

Tonny Obare
1051
Tonny Obare 2012.02.12 08:03  
deVries:
double Slippage=NormalizeDouble(Slip*StopMultd,Digits);

Why Digits ?

And this is not the only error...

Works well!
Tjipke de Vries
6275
Tjipke de Vries 2012.02.12 11:07  
tonny:

deVries:
double Slippage=NormalizeDouble(Slip*StopMultd,Digits);

Why Digits ?

And this is not the only error...

Works well!


Not an answer for why Digits in that formula....

About Works well! ECN ??? NO

On different charts same magicnumber NO

StopMultd wrong value if prefix and/or suffix on Symbol and 5 digitbroker for eurusd-Symbol

Tonny Obare
1051
Tonny Obare 2012.02.12 13:50  

Magic number can be edited in EA settings, for ecn and prefix/suffix inquire for premium version. Works well on our side! also do download it and test it first before jumping to conclusions. Read this article about NormalizeDouble

http://docs.mql4.com/convert/normalizedouble

Tjipke de Vries
6275
Tjipke de Vries 2012.02.12 20:43  
tonny:

Magic number can be edited in EA settings, for ecn and prefix/suffix inquire for premium version. Works well on our side! also do download it and test it first before jumping to conclusions. Read this article about NormalizeDouble

http://docs.mql4.com/convert/normalizedouble


Is it needed to write 50 or 5 with count of digits as chartsymbol has ?

Look here http://docs.mql4.com/trading/OrderSend The value of Slippage is not a double it is an integer

Tonny Obare
1051
Tonny Obare 2012.02.13 11:47  
We updated that long time ago its the admin taking long to update the file.
Tonny Obare
1051
Tonny Obare 2012.02.14 12:59  
The download file is now updated.
MQL4 Comments
16309
MQL4 Comments 2012.05.27 10:52  
tonny:
The download file is now updated.

Wonderful work Tonny, please could you in anyway update this particular EA of yours to not only trade at a particular time but also at a particular price. that is price and time must be true before the trade begins with time having a higher priority. E. Eur/Usu id to trade at 10.00 hrs, a buy order but at price 1.2334. if time is 10.00 hrs and price is not 1.2334 then the order waits until price is reach even if it takes another 3 hours. thanks
MQL4 Comments
16309
MQL4 Comments 2012.10.04 19:49  
Hello Tony I need too place an order at an especific time I am trying to configure time trader 1.1 but I can get it, can you help me please?
sara01
9
sara01 2013.08.26 13:56  

Hello Tonny!

I need that my EA close all trades and stop to work at 23:30 hrs. server time and work again at 24:00 hrs.

Thank you!

Sergey Golubev
Moderator
52104
Sergey Golubev 2014.06.06 09:29  

Forum on trading, automated trading systems and testing trading strategies

Press review

newdigital, 2014.06.06 09:25

3 Steps to Trade Major News Events (based on dailyfx article)

Talking Points:

  • News releases can be stressful on traders
  • Develop a plan before the event arrives
Major news releases can be stressful on traders. That stress can show up for a variety of trading styles.
Perhaps you are already in a good position with a good entry and you are afraid the news release may take a bite out of your good entry.

Perhaps you want to enter into a new position as prices are near a technically sound entry point, but you are uncertain if the technical picture will hold up through the volatile release. Therefore, you agonize over the decision of whether to enter now or after the news event.

Maybe, you like to be in the action and initiating new positions during the release. The fast paced volatility during the news release still gets makes your palms sweat as you place trades.

As you can see, news events stress traders in a variety of ways.

Today, we are going to cover three steps to trade news events.


Step 1 - Have a Strategy

It sounds simple, yet the emotion of the release can easily draw us off course. We see prices moving quickly in a straight line and are afraid to miss out or afraid to lose the gains we have been sitting on. Therefore, we make an emotional decision and act.

Having a strategy doesn’t have to be complicated. Remember, staying out of the market during news and doing nothing is a strategy.

A strategy for the trader with a floating profit entering the news event could be as simple as “I am going to close off half my position and move my stop loss to better than break even.”

For the trader wanting to initiate a new position that is technically based, they may decide to wait until at least 15 minutes after the release, then decide if the set-up is still valid.

The active news trader may realize they need a plan of buy and sell rules because they trade based on what ‘feels good.’

Step 2 - Use Conservative Leverage

If you are in the market when the news is released, make sure you are implementing conservative amounts of leverage. We don’t know where the prices may go and during releases, prices tend to move fast. Therefore, de-emphasize the influence of each trade on your account equity by using low amounts of leverage.

Our Traits of Successful Traders research found that traders who implement less than ten times effective leverage tend to be more profitable on average.


3 - Don’t Deviate from the Strategy

If you have taken the time to think about a strategy from step number one and if you have realized the importance of being conservatively levered, then you are 90% of the way there! However, this last 10% can arguably be the most difficult. Whatever your plan is, stick to it!

If I put together a plan to lose 20 pounds of body weight that includes eating healthier and exercising, but I continue to eat high fat and sugar foods with limited exercise, then I am only setting myself up for frustration.

You don’t have to be stressed or frustrated through fundamental news releases.


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