//+--------------------------------------------------------------------------+ //| 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: