//+------------------------------------------------------------------+
//| RiskAdvisor.mq4 |
//| Copyright © 2006, Arunas Pranckevicius (T-1000), Lithuania |
//| irc://irc.omnitel.net |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2006, Arunas Pranckevicius (T-1000), Lithuania"
#property link "irc://irc.omnitel.net/forex"
#property show_inputs
#include <stderror.mqh>
extern int BalanceRiskPercent = 5;
extern int OrdersStopLossPips = 100;
extern int ProfitLossFactor = 3;
extern int OrdersLots = 1;
//+------------------------------------------------------------------------------+
//| script "Advise Lots Size and Stop Loss for orders on given Risk Percent" |
//+------------------------------------------------------------------------------+
int start()
{
double TakeProfit = OrdersStopLossPips * ProfitLossFactor;
double MaxLots;
int FreeMoney;
int StopLoss = OrdersStopLossPips;
double Lots = OrdersLots;
double LotSize=MarketInfo(Symbol(),MODE_LOTSIZE) / AccountLeverage();
double MinLots=MarketInfo(Symbol(),MODE_MINLOT);
double MaxLot=MarketInfo(Symbol(),MODE_MAXLOT);
double LotStep=MarketInfo(Symbol(),MODE_LOTSTEP);
double PipSize=MarketInfo(Symbol(),MODE_TICKVALUE);
int TradeAllowed=MarketInfo(Symbol(),MODE_TRADEALLOWED);
double Slippage=MarketInfo(Symbol(),MODE_SPREAD);
double RequiredMargin=MarketInfo(Symbol(),MODE_MARGINREQUIRED);
double Margin,ReservedMargin=0;
int MinTakeProfit=TakeProfit / 2;
int MinStopLoss=OrdersStopLossPips / 2;
int cmd,total;
//----
total=OrdersTotal();
//----
for(int i=0; i<total; i++)
{
if(OrderSelect(i,SELECT_BY_POS,MODE_TRADES))
{
cmd=OrderType();
//---- open working orders only are considered
if(cmd==OP_BUY || cmd==OP_SELL)
{
//---- print selected order
OrderPrint();
PipSize=MarketInfo(OrderSymbol(),MODE_TICKVALUE);
if(cmd==OP_BUY)
{
if ((OrderOpenPrice() - OrderStopLoss()) / Point * PipSize * OrderLots() + OrderSwap() - OrderCommission() > AccountBalance() * 0.18 && OrderStopLoss() > Point)
ReservedMargin += ((OrderOpenPrice() - OrderStopLoss()) / Point * PipSize * OrderLots() - OrderSwap() - OrderCommission());
else Print ("Skipping out of Money Management order.");
}
if(cmd==OP_SELL)
{
if ((OrderStopLoss() - OrderOpenPrice()) / Point * PipSize * OrderLots() + OrderSwap() - OrderCommission() > AccountBalance() * 0.18 && OrderStopLoss() > Point)
ReservedMargin += ((OrderStopLoss() - OrderOpenPrice()) / Point * PipSize * OrderLots() - OrderSwap() - OrderCommission());
else Print ("Skipping out of Money Management order.");
}
}
}
else { Print( "Error when order select ", GetLastError()); break; }
}
//Print("Reserved Margin:",ReservedMargin);
PipSize=MarketInfo(Symbol(),MODE_TICKVALUE);
if (ReservedMargin <= AccountFreeMargin()) FreeMoney=AccountBalance() - AccountMargin() - ReservedMargin;
else FreeMoney=AccountBalance() - AccountMargin();
MaxLots=FreeMoney / 100 * BalanceRiskPercent / LotSize * PipSize ; //Max Lots for 1 pip market change
if (GetLastError() == ERR_ZERO_DIVIDE) {Print("Err: division by zero: FreeMoney:",FreeMoney," BalanceRiskPercent:",BalanceRiskPercent," LotSize:",LotSize);return(-1);}
Lots = MaxLots / StopLoss * PipSize;
if (GetLastError() == ERR_ZERO_DIVIDE) {Print("Err: division by zero: MaxLots:",MaxLots," StopLoss:",StopLoss," Lots:",Lots," PipSize:",PipSize);return(-1);}
//Print("DEBUG: MaxLots=",MaxLots," PipSize=",PipSize," Lots=",Lots);
// Normalize Lots
if (MinLots == 1) Lots=MathAbs(Lots);
if (MinLots == 0.1) Lots=MathAbs(Lots * 10) / 10;
if (MinLots == 0.01) Lots=MathAbs(Lots * 100) / 100;
if (Lots == 0)
{
Alert(Symbol(),": There is not enough money for new trade!");
return(1);
}
if (Lots < MinLots)
//We have not much money left?! try to arrange new deposit stop loss/take profit
{
StopLoss=MathAbs(StopLoss / (MinLots/Lots));
if (GetLastError() == ERR_ZERO_DIVIDE) {Print("Err: division by zero: StopLoss:",StopLoss," Minlots:",MinLots," Lots:",Lots);return(-1);}
if (StopLoss < Slippage * 2) StopLoss = Slippage * 2;
TakeProfit= StopLoss * ProfitLossFactor;
Lots=MinLots;
}
if (AccountFreeMargin() < Lots * StopLoss * PipSize + Lots * RequiredMargin)
//We have starving FREE MARGIN!
{
Margin=AccountFreeMargin() / (Lots * StopLoss * PipSize + Lots * RequiredMargin);
if (GetLastError() == ERR_ZERO_DIVIDE) {Print("Err: division by zero: StopLoss:",StopLoss," Margin:",Margin," Lots:",Lots);return(-1);}
Lots = Lots * Margin; // Recalculate lots size to fit margin requirements
}
if (Lots > MaxLots) Lots = MaxLot; //We reached maximum size of order
if (Lots > 1) Lots = NormalizeDouble(Lots,1);
if (Lots > 0.1 && Lots < 1) Lots = NormalizeDouble(Lots,1);
if (Lots < 0.1) Lots = NormalizeDouble(Lots,2);
//----
if (ReservedMargin > AccountFreeMargin()) Comment("\n\n\nRecommended Orders Risk Info:\nRisk:",BalanceRiskPercent,"%\n","Lots:",Lots,"\nTake Profit in Pips:",TakeProfit,"\nStop Loss in Pips:",StopLoss,"\nReserved Margin: n/a due incorrect S/L in orders");
else Comment("\n\n\nRecommended Orders Risk Info:\nRisk:",BalanceRiskPercent,"%\n","Lots:",Lots,"\nTake Profit in Pips:",TakeProfit,"\nStop Loss in Pips:",StopLoss,"\nReserved Margin:",ReservedMargin+AccountMargin()," ",AccountCurrency());
return(0);
}
//+------------------------------------------------------------------+
Sample
Analysis
Market Information Used:
Indicator Curves created:
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Checks for the total of open orders
Other Features:
It issuies visual alerts to the screen