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Velvet Ordering Layer

velvet

is an advanced ordering layer designed with MQL4 for use on a virtual private server to allow users to place orders with graphical objects placed onto compatible indicator charts displayed in the user session.  The current version of velvet supports ordering from trendlines placed on price charts and ordering from trendlines on the compatible version of the RSI indicator found here.  For compatible indicators to function they must be installed to the "velvet" (case-sensitive) directory in the "Indicators" folder.  (The EX4 file prefixed "velvet" must be placed into the velvet directory by the user.)

Version 1.0 is merely a proof of concept.  Future versions will include support for more indicators and/or capabilities to place orders using various other graphical objects, depending on which indicator they appear.  However to use those indicators, the user will be required to update their copy of velvet.  The developer reserves the right to charge for future versions and/or offer access to the latest version of velvet on a subscription basis.  Users currently previewing software will be informed when more in depth documentation becomes available.  This is advanced software for power users and designed for uninterrupted execution on a virtual private server.

velvet includes an equity monitor that implements reverse margin call capability by offering equity limits for each trading session.  Parameters are as found in Virtual Exchange Reserve Equity Monitor (found here) and Virtual Exchange Reserve Trendline Ordering Layer (found here). 

velvet is not compatible with Web Trader.

A listing of commands is included in the second screenshot below, taken from the source code.  Commands are available on main chart tabs by using a text label or a trend line and including the line parameter ("above" or "below") before the other required parameters.


Version 1.0 only supports trendline ordering on the "Velvet Compatible RSI Indicator", found here.

Version 2.0 includes support for RVI and MACD.  See the change log for a description of changes to the ordering syntax.

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a novel indicator by the maker of velvet.                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
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Velvet RVI
Kevin Peter Abate
Velvet RVI is intended for use with the Velvet advanced ordering layer.  It is based on the algorithm for the Relative Vigor Index, provided by Investopedia here . All of the data it displays is accurate and verified against the internal API function iRVI, when it is detected by the ordering layer.  In order to place orders with the Velvet RVI indicator, the ordering layer must be installed and running.  Ordering from the Velvet RVI indicator requires that "Velvet Ordering Layer" ( found here ),
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Velvet MACD
Kevin Peter Abate
Velvet MACD is intended for use with the Velvet advanced ordering layer.  It is a modified version of the MACD indicator provided by Metaquotes and all of the data it displays is accurate and verified, when it is detected by the ordering layer.  In order to place orders with the Velvet MACD indicator, the ordering layer must be installed and running.  Ordering from the Velvet MACD indicator requires that "Velvet Ordering Layer" ( found here ), version 2.0 or higher, be installed and running. Whe
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Virtual Exchange Reserve Equity Monitor In an environment where exchanges offer increasingly high leverage ratios, it is all the more important for traders to tightly regulate their level of equity .  This software is designed to be run in the background on any virtual private server that can run Meta Trader 4/5.  It implements basic equity control functions ahead of the broker---allowing users to set their own equity trailing stop, an equity limit to lock-in a certain profit margin, and a unive
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Virtual Exchange Reserve In an environment where exchanges offer increasingly high leverage ratios, it is all the more important for traders to tightly regulate their level of   equity .  This software is designed to be run in the background on any virtual private server that can run Meta Trader 4/5.  It implements basic equity control functions ahead of the broker---allowing users to set their own equity trailing stop, an equity limit to lock-in a certain profit margin, and a universal stop tha
VELVET SEA: a usable, free simple expert advisor by the maker of velvet. CONCEPT This expert advisor is designed for use with a VPS that has continuous connectivity and trades based on whether or not it detects decisive momentum in a market, and can be configured to trade all open charts in a session or for it to only be attached to one chart with a given set of parameters.  That makes it possible for Velvet Sea to trade different symbols with different parameters to suite the needs of the use
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Version 2.43 2021.12.03
fixed "order.closeall();"...
Version 2.42 2021.12.02
added commands "fuzzy.limit([float]);" and "fuzzy.stop([float]);" so that positions can be liquidated using fuzzy logic based on the user's account value. Fuzzy limit closes profitable trades and fuzzy stop closes losing trades.
Version 2.40 2021.08.16
Now supports looped triggers, where one trigger activates another trigger and then that other trigger activates the original trigger. Trigger commands cannot trigger themselves. "debug.sleep(N);" can be used to throttle the speed of execution. Object-command loop accepts script removal interrupts.
Version 2.37 2021.08.16
Groan. Another bug fix. "order.close" and "order.closeall" weren't working, because the OrderClose call wasn't set properly.
Version 2.36 2021.08.15
Bug fix. No new functionality.
Version 2.35 2021.08.15
This version represents a deep reorganization of the capabilities of the previous versions. It runs more efficiently as a result. While there may be more work to do with regard to the way various indicators are handled by the ordering layer itself, significant progress has been made to create a functional set of commands that can be processed by the "micro" interpreter.

The first major change is the way the equity monitor is handled. Rather than using the fixed percents set as "user inputs" when the program was started, those capabilities have been coded into fixed equity levels set with "account.limit([equity]);" and "account.stop([equity]);" command labels.

The next change was the addition of the "debug" commands. Chief among them, the "debug.trigger" command, which accepts as parameters a list of velvet object IDs which have valid commands "commented out" in their description, such that they are inactive in the main object loop, but activated when its ID is found as a parameter in a trigger command. "debug.print" has been implemented as well to display status changes in batch ordering. Cancelling objects is possible by using either a constant "cancel=N;" attached to any valid command, but also possible by using the "debug.cancel" command with the velvet object ID that should be canceled.

Finally, "order" commands "buy" and "sell" are unaltered. "closeall" has been included. To use "closeall" to close all positions in a given symbol, use "symbol=[symbol];" (Like say USDCHF... "order.closeall(); symbol=USDCHF;" ) "order.close" can be used to "close" an open ticket specified either by the ticket number or the object number. "order.close" can also be used to cancel an object that contains a pending order.

Commands nested in trendlines are not displayed on the chart, but found in the description of the object when the object editor is open. These commands require that the first parameter be either "above" or "below". Velvet does not use quotation marks as part of its syntax, so that if we used the command "order.buy(above, 0.01);" this would be valid syntax, but "order.buy("above", 0.01);" is not, because the syntax checker does not accept quotation marks.

Future releases will be accompanied by better documentation.
Version 2.1 2021.08.09
Prompts for rates controlling equity monitor.
Version 2.0 2021.08.09
Restructured ordering syntax to match indicator detection string format.

So orders are now placed via commands placed in the description of trendlines and text labels.

Trendlines can be used to place orders in the main price chart of any symbol.
commands "order.buy([volume],[region]);", "order.sell([volume],[region]);", and "order.close([region]); {object=N}|{ticket=N};" will be detected as orders. "order.close" commands must specify either an open order ticket from the trade table or a valid velvet object ID. "cancel=N;" can be placed after the function call of any velvet order to cancel the action of the velvet object with the corresponding name "velvet.object=N" when the order is triggered. [region] indicates the region either "above" the line or "below" the line.

Don't forget semi-colons. "order.buy(0.01, above); cancel=1234" is not valid, but "order.buy(0.01, above); cancel=1234;" is
valid. Similarity with C/C++ is intentional. C3PO supports one object function call with arbitrary parameters separated by commas (strings composed of numbers, letters, space and underscore, or a number that can be detected as either an integer or floating point type) and a list of constants with an arbitrary number of key value pairs (a valid identifier and either another valid identifier or a number separated by an equal sign "=", with pairs separated by a semi-colon and a semi-colon at the end of the list of constants). Comments are optional, but can be used sometimes by the program to indicate a change of status.

"order.signal([volume]);" will open a position in the symbol for the given time frame in which it was placed when the red signal line crosses either "above" or "below" the main line. Do not alter the variables appended to the entered command.

If velvet is disabled for the chart sub window the object will not be detected. Velvet indicators are required for orders to be executed. Trendline orders currently only work with indicators that have one output line. (RSI) Signal orders placed as labels are only supported by indicators with two output lines.(MACD, RVI)