/*-----------------------------+
| |
| Shared by www.Aptrafx.com |
| |
+------------------------------*/
//+------------------------------------------------------------------+
//| RangeLeaderBar.mq4 |
//| Copyright © 2006, Quadrant Pacific Capital Corp. |
//| |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2006, Quadrant Pacific Capital Corp."
#property link ""
//+------------------------------------------------------------------+
//| External Variables |
//+------------------------------------------------------------------+
extern double Lots=1.0;
extern double StopLoss=1000.0;
extern double TakeProfit=1000.0;
extern double TrailingStop=0.0;
extern double OpenSlippage=3.0;
extern double CloseSlippage=30.0;
extern double ModifiedStopLoss=30.0;
//+------------------------------------------------------------------+
//| Global Variables |
//+------------------------------------------------------------------+
double State = 0;
double BarTime = 0;
double PBH = 0;
double PBL = 0;
double PBR = 0;
double PBM = 0;
double PBC = 0;
double CBH = 0;
double CBL = 0;
double CBR = 0;
double CBM = 0;
double CBC = 0;
//+------------------------------------------------------------------+
//| Initialization |
//+------------------------------------------------------------------+
int init()
{
return(0);
}
int start()
{
//+------------------------------------------------------------------+
//| Local variables |
//+------------------------------------------------------------------+
//set variables previous bar info and current bar info from the previous 2 bars
PBH=High[2];
PBL=Low[2];
PBR=PBH-PBL;
PBM=(PBH+PBL)/2;
PBC=Close[2];
CBH=High[1];
CBL=Low[1];
CBR=CBH-CBL;
CBM=(CBH+CBL)/2;
CBC=Close[1];
//Check if Buy state reached
if(CBR>PBR && CBM>PBH) { //if there's already a trade open, check it
if(OrdersTotal()>0) { //if it's a sell close it
OrderSelect(0,SELECT_BY_POS,MODE_TRADES);
if(OrderType() == OP_SELL) OrderClose(OrderTicket(),OrderLots(),Bid,CloseSlippage,Red);
else
return(0);
if(OrdersTotal()==0) { //if theres no trades open one up
Alert("Buying");
OrderSend(Symbol(),OP_BUY,Lots,Ask,CloseSlippage,Ask-StopLoss*Point,Ask+TakeProfit*Point,"",0,0,Green);
}
return(0);
}
if (CBR>PBR && CBM<PBL) { //Check if Sell state reached
if(OrdersTotal()>0) { //see if there are any open contracts
OrderSelect(0,SELECT_BY_POS,MODE_TRADES); //if it's a Buy close it
if(OrderType() == OP_BUY) OrderClose(OrderTicket(),OrderLots(),Ask,CloseSlippage,Red);
else
return(0);
if(OrdersTotal()==0) { //if theres no trades open one up
Alert("Selling");
OrderSend(Symbol(),OP_SELL,Lots,Bid,OpenSlippage,Bid-StopLoss*Point,Bid+TakeProfit*Point,"",0,0,Green);
}
return(0);
}
}
}
}
Sample
Analysis
Market Information Used:
Series array that contains the highest prices of each bar
Series array that contains the lowest prices of each bar
Series array that contains close prices for each bar
Indicator Curves created:
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Checks for the total of open orders
It Closes Orders by itself
It automatically opens orders when conditions are reached
Other Features:
It issuies visual alerts to the screen
