//+------------------------------------------------------------------+
//| Risk / Reward Ratio.mq4 |
//| Bruno Gaiteiro |
//| bgaiteiro@gmail.com |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2009, bgaiteiro"
#property link "bgaiteiro@gmail.com"
#property indicator_chart_window
//---- input parameters
extern bool UseBidValue=False;
extern string SLLevel="SLPrice";
extern string TPLevel="TPPrice";
extern string OpenPositionLevel="OpenPositionLevel";
extern string note2 = "Default Font Color";
extern color FontColor = Black;
extern string note3 = "Font Size";
extern int FontSize=20;
extern string note4 = "Font Type";
extern string FontType="Trebuchet MS";
extern string note5 = "Display the price in what corner?";
extern string note6 = "Upper left=0; Upper right=1";
extern string note7 = "Lower left=2; Lower right=3";
extern int WhatCorner=2;
int nDigits;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
if (ObjectFind(SLLevel)==-1)
{
ObjectCreate(SLLevel,OBJ_HLINE,0,0,Close[0]-100*Point);
ObjectSet(SLLevel,OBJPROP_COLOR,Red);
ObjectSet(SLLevel,OBJPROP_STYLE,STYLE_DASHDOT);
}
if (ObjectFind(TPLevel)==-1)
{
ObjectCreate(TPLevel,OBJ_HLINE,0,0,Close[0]+200*Point);
ObjectSet(TPLevel,OBJPROP_COLOR,Red);
ObjectSet(TPLevel,OBJPROP_STYLE,STYLE_DASHDOT);
}
if(UseBidValue == false)
{
if (ObjectFind(OpenPositionLevel)==-1)
{
ObjectCreate(OpenPositionLevel,OBJ_HLINE,0,0,Close[0]);
ObjectSet(OpenPositionLevel,OBJPROP_COLOR,Green);
ObjectSet(OpenPositionLevel,OBJPROP_STYLE,STYLE_DASHDOT);
}
}
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----
ObjectDelete(SLLevel);
ObjectDelete(TPLevel);
ObjectDelete(OpenPositionLevel);
ObjectDelete("SLLevel");
ObjectDelete("TPLevel");
ObjectDelete("OpenPositionLevel");
ObjectDelete("RiskReward_ratio");
Comment("");
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
//----
double RiskReward_ratio=0, SL_price=0, TP_price=0, Open_Price=0;
string Text="";
int i=0;
if(UseBidValue == true) {Open_Price = Bid;}
if(UseBidValue == false) {if (ObjectFind(OpenPositionLevel)==-1) return(0);
Open_Price = ObjectGet(OpenPositionLevel, OBJPROP_PRICE1);}
if (ObjectFind(SLLevel)==-1) return(0);
SL_price = ObjectGet(SLLevel, OBJPROP_PRICE1);
if (ObjectFind(TPLevel)==-1) return(0);
TP_price = ObjectGet(TPLevel, OBJPROP_PRICE1);
RiskReward_ratio = (TP_price - Open_Price) / (Open_Price - SL_price);
Text = "Risk/Reward Ratio 1 : " + DoubleToStr(RiskReward_ratio,2) + "\n" ;
Comment(Text);
string RiskReward_ratio2 = DoubleToStr(RiskReward_ratio,2);
ObjectCreate("RiskReward_ratio", OBJ_LABEL, 0, 0, 0);
ObjectSetText("RiskReward_ratio", "1 : " + RiskReward_ratio2, FontSize, FontType, FontColor);
ObjectSet("RiskReward_ratio", OBJPROP_CORNER, WhatCorner);
ObjectSet("RiskReward_ratio", OBJPROP_XDISTANCE, 10);
ObjectSet("RiskReward_ratio", OBJPROP_YDISTANCE, 10);
if(ObjectFind("SLLevel") != 0)
{
ObjectCreate("SLLevel", OBJ_TEXT, 0, Time[10], SL_price);
ObjectSetText("SLLevel", " StopLoss ", 8, "Arial", Black);
}
else
{
ObjectMove("SLLevel", 0, Time[10], SL_price);
}
if(ObjectFind("TPLevel") != 0)
{
ObjectCreate("TPLevel", OBJ_TEXT, 0, Time[10], TP_price);
ObjectSetText("TPLevel", " TakeProfit ", 8, "Arial", Black);
}
else
{
ObjectMove("TPLevel", 0, Time[10], TP_price);
}
if(ObjectFind("Open_Price") != 0)
{
ObjectCreate("Open_Price", OBJ_TEXT, 0, Time[10], Open_Price);
ObjectSetText("Open_Price", " Open ", 8, "Arial", Black);
}
else
{
ObjectMove("Open_Price", 0, Time[10], Open_Price);
}
return(0);
}
//+------------------------------------------------------------------+//+------------------------------------------------------------------+
Sample
Analysis
Market Information Used:
Series array that contains close prices for each bar
Series array that contains open time of each bar
Indicator Curves created:
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Other Features: