/*-----------------------------+
| |
| Shared by www.Aptrafx.com |
| |
+------------------------------*/
//+-----------------------------------------------------------------------------+
//| EURUSD session breakout v0.25 |
//+-----------------------------------------------------------------------------+
#property copyright "Copyright © 2005, TraderSeven/Matt Kennel"
#property link "TraderSeven@gmx.net"
// \\|// +-+-+-+-+-+-+-+-+-+-+-+ \\|//
// ( o o ) |T|r|a|d|e|r|S|e|v|e|n| ( o o )
// ~~~~oOOo~(_)~oOOo~~~~ +-+-+-+-+-+-+-+-+-+-+-+ ~~~~oOOo~(_)~oOOo~~~~
// Run on EUR/USD M15
// If there was a small range during the EU session then there is a trading opportunity during the US session.
//
//----------------------- HISTORY
// v0.10 Initial release.
// v0.20 Debugging and additional code by Matt Kennel ("Doctor Chaos").
// v0.25 Made EA more optimizeble and (hopefully) improved readabilty. Avoid NFP days. Added on screen comments.
extern int US_session_start_hour = 13;
extern int Range_lookback_hours = 6;
extern int Close_position_after_hours = 3;
extern int Max_Range = 35;
extern bool Trade_on_Monday = false;
extern int TakeProfit=55;
extern int Stoploss=20;
extern int Slippage=3;
extern double Lots=1;
//----------------------- MAIN PROGRAM LOOP
int start()
{
static double TopRange,LowRange;
static bool bought,sold,smallsession,sessionfound;
// static variables will be retained over calls.
if (Hour() ==0) {
//reset for a new day at midnight.
TopRange = 0;
LowRange = 0;
bought = false; // we allow only one buy and one sell per day.
sold = false;
sessionfound = false;
}
bool TradeDayOK = (DayOfWeek() >= 1) && (DayOfWeek() <= 5); // M-F, not sat or sun.
if ((DayOfWeek() == 1) && (Trade_on_Monday==false)) TradeDayOK = false;
if(DayOfWeek()==4 && Day()<8)TradeDayOK = false; //Avoid NFP days, first thursday in any month.
if(TradeDayOK == false) Comment("No trading today. (Weekend, Monday, NFP day)");
if(TradeDayOK) {
if ((sessionfound == false) && (Hour() == US_session_start_hour)) {
// first time through, compute EU session highs and lows.
TopRange=High[Highest(NULL,0,MODE_HIGH,Range_lookback_hours*4,1)]; // Range_lookback_hours*4 M15 bars during EU session
LowRange=Low[Lowest(NULL,0,MODE_LOW,Range_lookback_hours*4,1)]; // Range_lookback_hours*4 M15 bars during EU session
if ((TopRange-LowRange) <= Max_Range*Point)
smallsession = true;
else
{
smallsession = false;
Comment("No trading today because EU session range was to big.");
}
sessionfound = true;
Print("Identified new EU session + ["+LowRange+","+TopRange+"]"+" DayOfYear()="+DayOfYear()+" small? "+smallsession);
}
if(sessionfound && smallsession && (Hour()>=US_session_start_hour) && (Hour()<US_session_start_hour+Close_position_after_hours)) // Within US session hours?
{
Comment("Now trading in US session until ",US_session_start_hour+Close_position_after_hours,":00 chart time. EU session range was ",(TopRange-LowRange)/Point);
// Print("Am in US session... smallsession, bought, sold = " + smallsession+bought+sold);
// Print("TopRange = "+ TopRange + "LowRange = " + LowRange);
int h=TimeHour(CurTime());
int m=TimeMinute(CurTime());
if(((h==US_session_start_hour && m>14)|| h>US_session_start_hour) && h<(US_session_start_hour+Close_position_after_hours)) {//at least one US session bar should be completed
// Print("Could be buying/selling..."+h+":"+m);
if ((bought == false) && (Low[1]> (TopRange+Point*3) )) {
OrderSend(Symbol(),OP_BUY,Lots,Ask,Slippage,Ask-(Stoploss*Point),Ask+(TakeProfit*Point),0,0,Blue);
bought = true;
}
if ((sold == false) && (High[1]< (LowRange-Point*3) )) {
OrderSend(Symbol(),OP_SELL,Lots,Bid,Slippage,Bid+(Stoploss*Point),Bid-(TakeProfit*Point),0,0,Red);
sold = true;
}
} // end if in 2nd US time.
}// end if small session
}
}
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
Indicator Curves created:
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
It automatically opens orders when conditions are reached
Other Features: