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Cltkfkb would be a thick dotted line, if you don't mind. Thank you.
About the order system and heaven for scalpers and others
Dear developers,
It seems to me that the order system in MT5 is complicated on one hand and limited on the other. I was not very excited about the order management in MT4, but I was not confused by limitations and other problems.
I will not be surprised if this system causes or has caused criticism from amateurs (and not only them) of hedging on one pair.
Here is an example, in my opinion I will give you an example of a simpler and more flexible system implemented in a platform, which is used also by the largest forex broker in the world (about 20% of the market) and yours truly - the smallest trader.) Of course MT4 is also offered, but under the table ;-)
Simple order system
1) A Buy/Sell market order (during the creation process, a Limit/Stop order may be assigned immediately, if the FIFO rule does not apply in the broker's country).
A market order can be created in one click with preset Limit/Stop indents and volume (paradise for scalpers and not only). Upon execution of a Limit/Stop order, the order can be moved with the mouse.
2) A Buy/Sell pending order (Enter order), which can also be supplied with Limit/Stop orders. This is executed when the price is reached.
If desired, pending orders can be combined into an OCO (One-Cancels-the-Other) group. I.e. one order from the group, when executed, automatically cancels the other members of the group.
ALL!!! A primitive and very flexible system - two types of Buy/Sell orders + OCO (Limit/Stop, in its way, also OCO orders).
I forgot to mention that when we move the cursor over the order, the linked orders are highlighted, which is a very useful feature.
The platform in which this is used supports at least three variants of this system, including to satisfy the laws of different countries. For example, in the US hedging is prohibited and there is a FIFO rule for closing orders.
I like most of all the variant where when an order is executed, the "smart" program either creates a new order or modifies the old one for the corresponding pair, depending on Limit/Stop indices. Automatic MT4/MT5 execution in one package!
Unfortunately there is nothing like this in MT4 and only partially implemented in MT5 (drag and drop with the mouse).
It is disappointing that charts cannot be simply moved within the window in any direction and zoom any axis by moving the mouse.
I am preparing to open a PAM account with Alpari but my mood is disturbed by the idea of dealing with MT5 system without OCO orders.
Perhaps I'm panicking in vain...
I wonder if I am the only one or if everybody is satisfied with the order system and the order execution rules.
Best wishes to all!
I wonder if I am the only one or if everyone is happy with the order system and the rules of order execution.
Now for some constructive criticism...
Then... The new pitchfork should inherit something from the already existing pitchfork, something from the Fibonacci channel, something from the Equidistant channel. If in the existing Andrews pitchfork only the right, left and bottom points are magnetized, then in the new ones the cross point must also be controlled. In general, the user must select the maximum and minimum on the chart, draw a line (axis), to the left of which there will appear n levels parallel to it and manually magnetized at the desired extrema (one line - one magnetic point - one extremum), and to the right of the axis should be mirrored the same levels, but not having their own ability to be pulled up (all right parallel lines are adjusted only by adjusting the left lines based on touching the historically formed extremums to the left of the axis). This is the point.
Fibonacci levels are used in various graphical objects and, of course, I have my great ardent respect for him, however, personally, I don’t like it when rigidly predefined levels are imposed on me, without providing an alternative or providing an alternative in such an unusable form that my hands fall down to kill time for drawing. By and large, computer software, by its very first purpose and definition, is designed to provide both
as many automated or fully automatic means as possible, and thereby relieve the user and speed up the achievement of results, otherwise the user will feel like a long and tedious pencil draftsman on paper at the end of the century before last. All the desire to make money by trading will simply disappear from a person as soon as he appears. The strategy tester, indicators, and so on - all this is great and wonderful, but what did the graphic objects do wrong, that they were left without attention?
Yes, and by the way, another planimetric error is given by the asynchronous opening of the market in different DCs on Monday, as well as closing on Saturday. The value is usually at 1 hour, but sometimes two. Missed bars are not restored by reloading, but a gap is displayed, already in fact, and this very sickly hour falls out of the timeline, which gives an error - the farther, the more.
A wish for MT5 and MQL:
It would be nice (if it is not too late) to be able to plot (in a separate window) any graph in any coordinates, not only price/time (it may be useful to plot dependence of forecasting error on some parameter; probability distribution of some value; price chart with non-linear time - ticks, renki, kagi, crosses/zeros, etc.). Previously you had to write the data to a file and construct the graphs using other applications.
I fully support this. You really need a "coordinate plane" type graphical object with the property "height N, width M" of pixels. With this "coordinate plane" should be associated array Px[M][N][C] - where M is x coordinate, N is y coordinate, C is the colour of the pixel in the plane.
Renat писал(а) # :
Trading several experts on one symbol is nonsense...
ps: to understand our decisions, you have to take into account that quite a few external requests are poison pills that lead to the death of the project. but not everyone thinks about it, because they live in a one-way evaluation mode.
Renat, apparently you think that independent trading by an experienced team of traders on one currency pair using different TS and timeframes is also nonsense. I do not think so. And what about the EA's wish to "see" what's going on with oil or S&P 500, or what's going on with other currency pairs in order to make a decision? Very often "poison pills" are laid down by the developers themselves, which leads to the death of the project. MT is not going to die in the foreseeable future ;-)
You just had to separate flies from cutlets at the stage of MT prequalification, and the business logic of your custom programs is nailed to the presentation level (visuals). Everything is turned upside down. The program code must be able to access any data for any tool of any time interval, regardless of whether the tool data is displayed or not. In addition, the user program in one module/file should be able to trade on all instruments. I want to sweeten the "pill" and tell you about another "poison pill". There's a thing called Trading Station (FXCM, DBFX). Its developers have not provided a local cache and at a timeframe or symbol change the quotes are downloaded from the server repeatedly. As a result, we have a slow interface, high requirements for the channel and a high load on the server. At the same time, COM and FIX API are free from any restrictions and visualization is out of the question - you can do whatever you want and however you want. I want to work with a tool that was created for traders, not for brokerage companies. You get used to a good thing very quickly... I hope that someday your team will change its orientation under the influence of changes in the forex industry. What about "one-way evaluation", MT has a lot of advantages, but if we talk about key functionality, then (IMHO) MT should quietly smoke on the sidelines when Trading Station is around. For example, MT has good reports and Trading Station totally sucks, but that is not the key functionality, since it has little, if any, impact on trader's efficiency. By the way, when trading with Trading Station, I use MT4 to review the market for six currency pairs. For the ability to quickly switch from one time frame to another and from six windows to one and back again thank you very much! Well done here! MDI with bookmarks is one of the best solutions for such cases.
And now, a great deal of constructive criticism...
Renat, you seem to think that independent trading by an experienced team of traders on the same currency pair using different TS and time frames is also nonsense. I don't think so.
I think this is absolute nonsense.
But what about, for example, if an EA wants to "see" what is going on with oil, or S&P 500, or what is going on with other currency pairs in order to make a decision?
In MT5 there is no problem with looking into other instruments. In fact, we have actually removed almost all restrictions on access to historical data and allowed to pump out huge amounts of data.
This is something traders have been asking us to do for a long time.
What prevents you from making such an object yourself? In my opinion, it is possible in mql5. Only no Px[M][N][C], you just need methods that convert a point from coordinates on the plane to coordinates on the MT chart and vice versa.