/*-----------------------------+
| |
| Shared by www.Aptrafx.com |
| |
+------------------------------*/
//+------------------------------------------------------------------+
//| MA envelope exhausting system |
//+------------------------------------------------------------------+
#property copyright "TraderSeven"
//----------------------- USER INPUT
extern double MA_length = 10;
extern double slip = 0;
extern double Lots = 1;
extern double TakeProfit = 30;
extern double Stoploss = 2000;
//extern double TrailingStop = 5;
extern double PipStep = 30;
//----------------------- SETUP VARS
double PriceTarget;
double AveragePrice;
double LastPrice;
int flag;
//----------------------- MAIN PROGRAM LOOP
int start()
{
int cnt=0, total;
double Stopper=0;
total=OrdersTotal();
OrderSelect(total, SELECT_BY_POS, MODE_TRADES);
LastPrice=OrderOpenPrice();
OrderSelect(total, SELECT_BY_POS, MODE_TRADES);
flag=0;
if(iMA(NULL,0,MA_length,0,MODE_SMA,PRICE_OPEN,0)*1.02<Bid && (Bid>=(LastPrice+(PipStep*Point)))||(total<1)) // 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,HotPink);
if(total>0)flag=1;
}
if(iMA(NULL,0,MA_length,0,MODE_SMA,PRICE_OPEN,0)*0.98>Ask && (Ask<=(LastPrice-(PipStep*Point)))||total<1) // 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,Lime);
if(total>0)flag=1;
}
//----------------------- CALCULATE AVERAGE OPENING PRICE
total=OrdersTotal();
AveragePrice=0;
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(cnt, SELECT_BY_POS, MODE_TRADES);
if(OrderType()<=OP_SELL && OrderSymbol()==Symbol())
{
flag=1;
if(OrderType()==OP_BUY) // Calculate profit/stop target for long
{
PriceTarget=AveragePrice+(TakeProfit*Point);
Stopper=AveragePrice-(Stoploss*Point);
}
else // Calculate profit/stop target for short
{
PriceTarget=AveragePrice-(TakeProfit*Point);
Stopper=AveragePrice+(Stoploss*Point);
}
}
//----------------------- IF NEEDED CHANGE ALL OPEN ORDERS TO NEWLY CALCULATED PROFIT TARGET
if(flag==1)// check if average has really changed
{
for(cnt=0;cnt<total;cnt++)
{
PriceTarget=total;
OrderSelect(cnt, SELECT_BY_POS, MODE_TRADES);
OrderModify(OrderTicket(),0,Stopper,PriceTarget,0,Yellow);// set all positions to averaged levels
}
}
}
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:
