/*-----------------------------+
| |
| Shared by www.Aptrafx.com |
| |
+------------------------------*/
//+------------------------------------------------------------------+
//| PIPQuest.mq4 |
//| emsjoflo |
//| automaticforex.invisionzone.com |
//+------------------------------------------------------------------+
#property copyright "emsjoflo"
#property link "automaticforex.invisionzone.com"
//---- input parameters
extern int nPips=65;
extern int UseTrStopLevelAsTrailingStop=1;
extern double lots=0.01;
extern int StopLoss=0;
extern int Slippage=4;
extern double ATRmultiplier= 0.45;
double atr,stop,atrstop,TrStopLevel,SL;
datetime LastOrderTime;
int i, buys, sells;
int BarsBackToGetTrStopLevel=1; //don't change this, gives unreliable results
int ExitOnBarAfterArrow=1; // don't change this either.
//+------------------------------------------------------------------+
//| expert initialization function |
//+------------------------------------------------------------------+
int init()
{
//----
//----
return(0);
}
//+------------------------------------------------------------------+
//| expert deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----
//----
return(0);
}
//+------------------------------------------------------------------+
//| expert start function |
//+------------------------------------------------------------------+
int start()
{
//----
TrStopLevel=iCustom(NULL,0,"PIPQind",nPips,4,BarsBackToGetTrStopLevel);
//check for open orders first
if (OrdersTotal()>0)
{
buys=0;
sells=0;
for (i=0;i<OrdersTotal();i++)
{
OrderSelect(i,SELECT_BY_POS);
if (OrderSymbol()==Symbol())
{
if (OrderType()== OP_BUY)
{
if (iCustom(NULL,0,"PIPQind",nPips,1,ExitOnBarAfterArrow)>0) OrderClose(OrderTicket(),OrderLots(),Bid,Slippage,Orange);
else
{
buys++;
if (UseTrStopLevelAsTrailingStop==1 && TrStopLevel > OrderStopLoss())OrderModify(OrderTicket(),OrderOpenPrice(),TrStopLevel,OrderTakeProfit(),0,Khaki);
}
}
if (OrderType()== OP_SELL)
{
if (iCustom(NULL,0,"PIPQind",nPips,0,ExitOnBarAfterArrow)>0) OrderClose(OrderTicket(),OrderLots(),Ask,Slippage,Yellow);
else sells++;
{
if (UseTrStopLevelAsTrailingStop==1 && TrStopLevel < OrderStopLoss())OrderModify(OrderTicket(),OrderOpenPrice(),TrStopLevel,OrderTakeProfit(),0,Khaki);
}
}
}
}
}
if (iCustom(NULL,0,"PIPQind",nPips,0,1)>0 && buys ==0 && (CurTime()-LastOrderTime)/60 > Period())
{
//Print("Buy condition");
atr=iATR(NULL,0,14,1);
stop=Low[Lowest(NULL,0,MODE_LOW,3,1)];
atrstop =NormalizeDouble(TrStopLevel-atr*ATRmultiplier,MarketInfo(Symbol(),MODE_DIGITS));
if (atrstop > stop) stop = atrstop;
if (StopLoss >1) SL=Ask-StopLoss*Point;
else SL = stop;
OrderSend(Symbol(),OP_BUY,lots,Ask,Slippage,SL,0,"sr",123,0,Green);
LastOrderTime=CurTime();
}
if (iCustom(NULL,0,"PIPQind",nPips,1,1)>0 && sells ==0 && (CurTime()-LastOrderTime)/60 > Period())
{
//Print ("Sell condition");
atr=iATR(NULL,0,14,1);
stop=High[Highest(NULL,0,MODE_HIGH,3,1)];
atrstop = NormalizeDouble(TrStopLevel+atr*ATRmultiplier,MarketInfo(Symbol(),MODE_DIGITS));
if (atrstop < stop) stop =atrstop;
if (StopLoss>1) SL=Bid+StopLoss*Point;
else SL = stop;
OrderSend(Symbol(),OP_SELL,lots,Bid,Slippage,SL,0,"sr",123,0,Red);
LastOrderTime=CurTime();
}
//----
return(0);
}
//+------------------------------------------------------------------+
Sample
Analysis
Market Information Used:
Series array that contains the lowest prices of each bar
Series array that contains the highest prices of each bar
Indicator Curves created:
Indicators Used:
Indicator of the average true range
Custom Indicators Used:
PIPQind
Order Management characteristics:
Checks for the total of open orders
It Closes Orders by itself
It can change open orders parameters, due to possible stepping strategy
It automatically opens orders when conditions are reached
Other Features:
