FractalTakeOut_v1a





//+--------------------------------------------------------------------------+
//|                                                   FractalTakeOut_v1a.mq4 |
//|                                  Copyright © Mar/30/2007, C.O.P.Y.C.A.T. |
//| http://finance.groups.yahoo.com/group/MetaTrader_Experts_and_Indicators/ |
//+--------------------------------------------------------------------------+

//Built for Peter Henry , as described in the thread titled "Simple Fractal trading system" @ http://finance.groups.yahoo.com/group/MetaTrader_Experts_and_Indicators/

#property copyright "Copyright © Mar/30/2007, C.O.P.Y.C.A.T."
#property link "http://finance.groups.yahoo.com/group/MetaTrader_Experts_and_Indicators/"

extern int OpenTradeBuffer = 1;
extern int CloseTradeBuffer = 1;
extern double StopLoss$ = 10.00; // == $0.00 , Not Pips
extern int MagicNumber = 1913;

double HighPrice = 0;
bool HighBreaker = false;

double LowPrice = 0;
bool LowBreaker = false;

int i;
int ticket = 0;
double BuyTradeTime=0;
double SellTradeTime=0;

//+------------------------------------------------------------------+
//| expert initialization function                                   |
//+------------------------------------------------------------------+
int init()
  {
//----
   
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| expert deinitialization function                                 |
//+------------------------------------------------------------------+
int deinit()
  {
//----
   
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| expert start function                                            |
//+------------------------------------------------------------------+
int start()
  {
//----
   
   if ( !IsDemo() ) return(0);
   
   double Ma3High = iMA(Symbol(),0,3,0,MODE_SMA,PRICE_HIGH,0);
   double Ma3Low  = iMA(Symbol(),0,3,0,MODE_SMA,PRICE_LOW ,0);
   
   double LastVisableHighFractal = 0, LastVisableLowFractal = 0;
   
   for ( int b = Bars-10; b >= 0; b-- )
    {
     if ( iFractals(Symbol(),0,MODE_UPPER, b+1) > 0 ) LastVisableHighFractal = iFractals(Symbol(),0,MODE_UPPER, b+1);
     if ( iFractals(Symbol(),0,MODE_LOWER, b+1) > 0 ) LastVisableLowFractal  = iFractals(Symbol(),0,MODE_LOWER, b+1);
    }
   
   ticket = 0;
   BuyTradeTime=0;
   SellTradeTime=0;
   
   for ( i = 0; i < OrdersHistoryTotal() ; i++ )
    {
      OrderSelect(i,SELECT_BY_POS,MODE_HISTORY);
     if ( OrderSymbol() == Symbol() && OrderType() == OP_BUY && OrderMagicNumber() == MagicNumber )
      {
        BuyTradeTime = OrderOpenTime();
      }
     if ( OrderSymbol() == Symbol() && OrderType() == OP_SELL && OrderMagicNumber() == MagicNumber )
      {
        SellTradeTime = OrderOpenTime();
      }
    }
   
   for ( i = 0; i < OrdersTotal(); i++ )
    {
      OrderSelect(i,SELECT_BY_POS,MODE_TRADES);
     if ( OrderSymbol() == Symbol() && OrderType() == OP_BUY && OrderMagicNumber() == MagicNumber )
      {
       if ( OrderOpenTime() >= BuyTradeTime ) { BuyTradeTime = OrderOpenTime(); } else { BuyTradeTime = BuyTradeTime; }
       if ( Close[0] >= Ma3High+(CloseTradeBuffer*Point) || OrderProfit() <= (-StopLoss$) )
        {
          OrderClose(OrderTicket(),OrderLots(),OrderClosePrice(),0,White);
        }
      }
     if ( OrderSymbol() == Symbol() && OrderType() == OP_SELL && OrderMagicNumber() == MagicNumber )
      {
       if ( OrderOpenTime() >= SellTradeTime ) { SellTradeTime = OrderOpenTime(); } else { SellTradeTime = SellTradeTime; }
       if ( Close[0] <= Ma3Low-(CloseTradeBuffer*Point) || OrderProfit() <= (-StopLoss$) )
        {
          OrderClose(OrderTicket(),OrderLots(),OrderClosePrice(),0,White);
        }
      }
    }
   
   if ( !HighBreaker && High[0] > LastVisableHighFractal ) { HighPrice = LastVisableHighFractal; HighBreaker = true; LowBreaker = false; }
   
   if ( !LowBreaker && Low[0] < LastVisableLowFractal ) { LowPrice = LastVisableLowFractal; HighBreaker = false; LowBreaker = true; }
   
   if ( HighPrice == 0 ) HighBreaker = false;
   if ( LowPrice  == 0 ) LowBreaker  = false;
   
   if ( HighBreaker && Close[0] <= Ma3Low+(OpenTradeBuffer*Point) && BuyTradeTime < Time[0] )
    {
      ticket = OrderSend(Symbol(),OP_BUY,0.10,Ask,0,0,0,"FractalTakeOut_v1"+MagicNumber,MagicNumber,0,Aqua);
      BuyTradeTime = TimeCurrent();
     if( ticket < 1 )
      {
        Print("OrderSend failed with error #",GetLastError());
        BuyTradeTime = 0;
      }
    }
   
   if ( LowBreaker && Close[0] >= Ma3High-(OpenTradeBuffer*Point) && SellTradeTime < Time[0] )
    {
      ticket = OrderSend(Symbol(),OP_SELL,0.10,Bid,0,0,0,"FractalTakeOut_v1"+MagicNumber,MagicNumber,0,DeepPink);
      SellTradeTime = TimeCurrent();
     if( ticket < 1 )
      {
        Print("OrderSend failed with error #",GetLastError());
        SellTradeTime = 0;
      }
    }
   
   Comment("\n","  Last High Fractal TakeOut Price : ",HighPrice,
           "\n","  Buy Mode : ",HighBreaker,
           "\n",
           "\n","  Last Low Fractal TakeOut Price : ",LowPrice,
           "\n","  Sell Mode : ",LowBreaker);
   
//----
   return(0);
  }
//+------------------------------------------------------------------+



Sample





Analysis



Market Information Used:

Series array that contains close prices for each bar
Series array that contains the highest prices of each bar
Series array that contains the lowest prices of each bar
Series array that contains open time of each bar


Indicator Curves created:


Indicators Used:

Moving average indicator
Fractals


Custom Indicators Used:

Order Management characteristics:
Checks for the total of closed orders

Checks for the total of open orders
It Closes Orders by itself
It automatically opens orders when conditions are reached

Other Features:

BackTest : EURUSD on H1

From 2009-08-01 to 2009-10-01 Profit Factor:0.90 Total Net Profit:-385.36

BackTest : EURUSD on H1

From 2009-12-01 to 2010-01-17 Profit Factor:0.96 Total Net Profit:-130.66

BackTest : EURUSD on H1

From 2010-03-01 to 2010-03-27 Profit Factor:0.89 Total Net Profit:-183.06

BackTest : EURUSD on H1

From 2010-04-01 to 2010-04-30 Profit Factor:0.00 Total Net Profit:0.00

BackTest : EURUSD on H1

From 2010-05-01 to 2010-05-31 Profit Factor:0.00 Total Net Profit:0.00

BackTest : EURUSD on H1

From 2010-06-01 to 2010-06-30 Profit Factor:0.00 Total Net Profit:0.00

BackTest : GBPUSD on H1

From 2010-01-01 to 2010-02-27 Profit Factor:0.00 Total Net Profit:0.00

BackTest : GBPUSD on H1

From 2010-01-01 to 2010-04-16 Profit Factor:0.00 Total Net Profit:0.00

BackTest : USDCAD on H1

From 2009-01-01 to 2010-01-01 Profit Factor:0.39 Total Net Profit:-9982.45

BackTest : USDCAD on H1

From 2009-12-01 to 2010-01-01 Profit Factor:0.77 Total Net Profit:-451.98

BackTest : USDCHF on H1

From 2009-12-01 to 2010-01-01 Profit Factor:1.08 Total Net Profit:132.07

BackTest : USDJPY on H1

From 2009-11-01 to 2009-11-30 Profit Factor:0.65 Total Net Profit:-488.12

Request Backtest for FractalTakeOut_v1a


From : (yyyy/mm/dd) To: (yyyy/mm/dd)

Pair: Period: