/*-----------------------------+
| |
| Shared by www.Aptrafx.com |
| |
+------------------------------*/
//+------------------------------------------------------------------+
//| Firebird v0.55 - MA envelope exhaustion system |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2005, TraderSeven"
#property link "TraderSeven@gmx.net"
//----------------------- USER INPUT
extern int MA_length = 10;
extern int TradeOnFriday =1; // >0 trades on friday
extern int MAtype=0;//0=close, 1=HL
extern int slip = 100;//exits only
extern int Lots = 1;
extern int TakeProfit = 30;
extern int Stoploss = 200;// total loss on all open positions in pips
//extern double TrailingStop = 5;
extern int PipStep = 30;
double Stopper=0;
double KeepStopLoss=0;
double KeepAverage;
double dummy;
double spread=0;
int OrderWatcher=0;
//----------------------- MAIN PROGRAM LOOP
int start()
{
double PriceTarget;
double AveragePrice;
int OpeningDay;
//double Tester;
int Direction=0;//1=long, 11=avoid long, 2=short, 22=avoid short
if (Day()!=5 || TradeOnFriday >0)
{
int cnt=0, total;
total=OrdersTotal();
if(total==0) OpeningDay=DayOfYear();
OrderSelect(total-1, SELECT_BY_POS);
double LastPrice=OrderOpenPrice();
OrderSelect(total, SELECT_BY_POS, MODE_TRADES);
//----------------------- ENTER POSITION BASED ON OPEN
OrderWatcher=0;
if(MAtype==0)
{
if((iMA(NULL,0,MA_length,0,MODE_SMA,PRICE_OPEN,0)*1.02)<Bid && Direction!=22 && (Bid>=(LastPrice+(PipStep*Point))||total==0)) // Go SHORT -> Only sell if >= 30 pips above previous position entry
{
OrderSend(Symbol(),OP_SELL,Lots,Bid,slip,Bid+(Stoploss*Point),Bid-(TakeProfit*Point),0,0,Red);
OrderWatcher=1;
Direction=2;
}
if((iMA(NULL,0,MA_length,0,MODE_SMA,PRICE_OPEN,0)*0.98)>Ask && Direction!=11 && (Ask<=(LastPrice-(PipStep*Point))||total==0)) // Go LONG -> Only buy if >= 30 pips below previous position entry
{
OrderSend(Symbol(),OP_BUY,Lots,Ask,slip,Ask-(Stoploss*Point),Ask+(TakeProfit*Point),0,0,Blue);
OrderWatcher=1;
Direction=1;
}
}
//----------------------- ENTER POSITION BASED ON HIGH/LOW
if(MAtype==1)
{
if((iMA(NULL,0,MA_length,0,MODE_SMA,PRICE_HIGH,0)*1.02)<Bid && Direction!=22 && (Bid>=(LastPrice+(PipStep*Point))||total==0)) // Go SHORT -> Only sell if >= 30 pips above previous position entry
{
OrderSend(Symbol(),OP_SELL,Lots,Bid,slip,Bid+(Stoploss*Point),Bid-(TakeProfit*Point),0,0,Red);
OrderWatcher=1;
Direction=2;
}
if((iMA(NULL,0,MA_length,0,MODE_SMA,PRICE_LOW,0)*0.98)>Ask && Direction!=11 && (Ask<=(LastPrice-(PipStep*Point))||total==0)) // Go LONG -> Only buy if >= 30 pips below previous position entry
{
OrderSend(Symbol(),OP_BUY,Lots,Ask,slip,Ask-(Stoploss*Point),Ask+(TakeProfit*Point),0,0,Blue);
OrderWatcher=1;
Direction=1;
}
}
//----------------------- CALCULATE AVERAGE OPENING PRICE
total=OrdersTotal();
AveragePrice=0;
if(total>1 && OrderWatcher==1)
{
for(cnt=0;cnt<total;cnt++)
{
OrderSelect(cnt, SELECT_BY_POS, MODE_TRADES);
AveragePrice=AveragePrice+OrderOpenPrice();
}
AveragePrice=AveragePrice/total;
}
//----------------------- RECALCULATE STOPLOSS & PROFIT TARGET BASED ON AVERAGE OPENING PRICE
OrderSelect(0, SELECT_BY_POS, MODE_TRADES);
if(OrderType()==OP_BUY && OrderWatcher==1 && total>1)// && OrderSymbol()==Symbol()) // Calculate profit/stop target for long
{
PriceTarget=AveragePrice+(TakeProfit*Point);
Stopper=AveragePrice-(((Stoploss*Point)/OrdersTotal()));
}
if(OrderType()==OP_SELL && OrderWatcher==1 && total>1)// && OrderSymbol()==Symbol()) // Calculate profit/stop target for short
{
PriceTarget=AveragePrice-(TakeProfit*Point);
Stopper=AveragePrice+(((Stoploss*Point)/OrdersTotal()));
}
//----------------------- IF NEEDED CHANGE ALL OPEN ORDERS TO THE NEWLY CALCULATED PROFIT TARGET
if(OrderWatcher==1 && OrdersTotal()>1)// check if average has really changed
{
total=OrdersTotal();
for(cnt=0;cnt<total;cnt++)
{
OrderSelect(cnt, SELECT_BY_POS, MODE_TRADES);
OrderModify(OrderTicket(),0,Stopper,PriceTarget,0,Yellow);// set all positions to averaged levels
}
}
//----------------------- KEEP TRACK OF STOPLOSS TO AVOID RUNAWAY MARKETS
// Sometimes the market keeps trending so strongly the system never reaches it's target.
// This means huge drawdown. After stopping out it falls in the same trap over and over.
// The code below avoids this by only accepting a signal in teh opposite direction after a SL was hit.
// After that all signals are taken again. Luckily this seems to happen rarely.
if (OrdersTotal()>0)
{
OrderSelect(0, SELECT_BY_POS, MODE_TRADES);
KeepStopLoss=OrderStopLoss();
KeepAverage=AveragePrice;
if(OrderType()==OP_BUY)
Direction=1;//long
else Direction=2;//short
}
if(KeepStopLoss!=0)
{
spread=MathAbs(KeepAverage-KeepStopLoss)/2;
dummy=(Bid+Ask)/2;
if (KeepStopLoss<(dummy+spread) && KeepStopLoss>(dummy-spread))
{
// a stoploss was hit
if(Direction==1) Direction=11;// no more longs
if(Direction==2) Direction=22;// no more shorts
}
KeepStopLoss=0;
}
}
}
//----------------------- TO DO LIST
// 1st days profit target is the 30 pip line *not* 30 pips below average as usually. -----> Day()
// Trailing stop -> trailing or S/R or pivot target
// Realistic stop loss
// Avoid overly big positions
// EUR/USD 30 pips / use same value as pipstep
// GBP/CHF 50 pips / use same value as pipstep
// USD/CAD 35 pips / use same value as pipstep
//----------------------- OBSERVATIONS
// GBPUSD not suited for this system due to not reversing exhaustions. Maybe use other types of MA
// EURGBP often sharp reversals-> good for trailing stops?
// EURJPY deep pockets needed.
Sample
Analysis
Market Information Used:
Indicator Curves created:
Indicators Used:
Moving average indicator
Custom Indicators Used:
Order Management characteristics:
Checks for the total of open orders
It automatically opens orders when conditions are reached
It can change open orders parameters, due to possible stepping strategy
Other Features: