//+------------------------------------------------------------------+
//| SAR_RSI MTS |
//| Goal: Follow SAR with RSI |
//| Timeframe: Start with H1 |
//| Author: FrankC |
//+------------------------------------------------------------------+
extern double TakeProfit = 40;
extern double Lots = 1;
extern double TrailingStop = 65;
extern double StopLoss = 10;
//+------------------------------------------------------------------+
//| |
//+------------------------------------------------------------------+
int start()
{
int cnt, ticket, total, CurrentTrades = 0;
int risk = 3;
double O, C, H, L, O1, C1, H1, L1, O2, C2, H2, L2, sl, sarNow,
sarBefore, rsiNow, rsiBefore, lotMM;
int maxTrades = 6, maxTradesPerPair = 1;
double marg = 2*Point;
datetime prevtime = 0;
// initial data check
if(Bars < 100)
{
Print("bars less than 100");
return(0);
}
//----
if(TakeProfit < 10)
{
Print("TakeProfit less than 10");
return(0); // check TakeProfit
}
//Define the beginning of a new bar
if(prevtime == Time[0])
return(0);
prevtime = Time[0];
//----
sarNow = iSAR(NULL, 0, 0.05, 0.5, 0);
sarBefore = iSAR(NULL, 0, 0.05, 0.5, 1);
rsiNow = iRSI(NULL, 0, 14, PRICE_CLOSE, 0);
rsiBefore = iRSI(NULL, 0, 14, PRICE_CLOSE, 1);
//----
O = Open[0];
C = Close[0];
H = High[0];
L = Low[0];
//----
O1 = Open[1];
C1 = Close[1];
H1 = High[1];
L1 = Low[1];
//----
O2 = Open[2];
C2 = Close[2];
H2 = High[2];
L2 = Low[2];
// PYRAMIDING - LINEAR
// Money Management risk exposure compounding
lotMM = (MathCeil(AccountBalance() * risk / 10000) / 10);
//----
if(lotMM < 0.1)
lotMM = Lots;
//----
if(lotMM > 1.0)
lotMM = MathCeil(lotMM);
// Check for open orders
total = OrdersTotal();
//----
if(total < 6)
{
for(cnt=0;cnt<total||total<1;cnt++)
{
OrderSelect(cnt, SELECT_BY_POS, MODE_TRADES);
//----
if(OrderSymbol() != Symbol())
{
if(AccountFreeMargin() < (1000*Lots))
{
Print("We have no money. Free Margin = ", AccountFreeMargin());
return(0);
}
// check for long position (BUY) possibility
if((C > sarBefore + marg) && (rsiNow > 50) && (rsiNow > rsiBefore) &&
(sarNow < O))
{
ticket = OrderSend(Symbol(), OP_BUY, lotMM, Ask, 3, Bid - StopLoss*Point,
Ask + TakeProfit*Point, "MTS", 86731, 0, Green);
//----
if(ticket > 0)
{
if(OrderSelect(ticket, SELECT_BY_TICKET, MODE_TRADES))
Comment("BUY order opened : ", OrderOpenPrice());
}
else
Print("Error opening BUY order : ", GetLastError());
return(0);
} // end of if for BUY position
// check for short position (SELL) possibility
if((C < sarBefore + marg) && (rsiNow < 50) && (rsiNow < rsiBefore) &&
(sarNow > O))
{
ticket = OrderSend(Symbol(), OP_SELL, lotMM, Bid, 3, Ask + StopLoss*Point,
Bid - TakeProfit*Point, "MTS", 86731, 0, Red);
//----
if(ticket > 0)
{
if(OrderSelect(ticket, SELECT_BY_TICKET, MODE_TRADES))
Comment("SELL order opened : ", OrderOpenPrice());
}
else
Print("Error opening SELL order : ", GetLastError());
return(0);
} // end of if for SHORT position
return(0);
}
}
} // end of it total < 6
// ORDER MANAGEMENT
for(cnt = 0; cnt < total||total < 1; cnt++)
{
OrderSelect(cnt, SELECT_BY_POS, MODE_TRADES);
//----
if(OrderType() <= OP_SELL && // check for opened position
OrderSymbol() == Symbol()) // check for symbol
{
if(OrderType() == OP_BUY) // long position is opened
{
// should it be closed?
if((C < sarBefore+marg) || (rsiNow < 50))
{
OrderClose(OrderTicket(),OrderLots(),Bid,3,Violet) ; // close position
return(0); // exit
}
// check for trailing stop
if(TrailingStop > 0)
{
if(Bid - OrderOpenPrice() > Point*TrailingStop)
{
if(OrderStopLoss() < Bid - Point*TrailingStop)
{
OrderModify(OrderTicket(), OrderOpenPrice(),
Bid -Point*TrailingStop, OrderTakeProfit(), 0, Green);
return(0);
}
}
}
}
else // go to short position
{
// should it be closed?
if((C > sarBefore+marg) || (rsiNow > 50))
{
OrderClose(OrderTicket(),OrderLots(),Ask,3,Violet) ; // close position
return(0); // exit
}
// check for trailing stop
if(TrailingStop > 0)
{
if((OrderOpenPrice() - Ask) > (Point*TrailingStop))
{
if((OrderStopLoss() > (Ask + Point*TrailingStop)) ||
(OrderStopLoss() == 0))
{
OrderModify(OrderTicket(), OrderOpenPrice(),
Ask+Point*TrailingStop, OrderTakeProfit(), 0, Red);
return(0);
}
}
}
}
}
}
return(0);
} // end of int start()
//+------------------------------------------------------------------+
Sample
Analysis
Market Information Used:
Series array that contains open time of each bar
Series array that contains open prices of each bar
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
Indicator Curves created:
Indicators Used:
Parabolic Stop and Reverse system
Relative strength index
Custom Indicators Used:
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
Other Features: