//+-----------------------------------------------------------------------------+
//| EURUSD breakout v0.30 |
//+-----------------------------------------------------------------------------+
#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.
//
//----------------------- USER INPUT
//
// --- Numerous programming problems fixed by Matt Kennel ("Doctor Chaos"), now executes trades
// Not yet profitable.
extern int Local_start_hour_EU_session=6;
extern int Local_end_hour_EU_session=12;
extern int Local_start_hour_US_session=12;
extern int Local_end_hour_US_session=16;
extern int SmallEUSessionPips=30;
extern bool Trade_on_Monday=false;
extern int TakeProfit=15;
extern int Lots=1;
//----------------------- MAIN PROGRAM LOOP
//+------------------------------------------------------------------+
//| |
//+------------------------------------------------------------------+
int start()
{
int slip=3;
int Stoploss=12; // in pips
//----
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;
// it may be a good idea to also avoid NFP days, first thursday in any month.
if(TradeDayOK)
{
if ((sessionfound==false) && (Hour()==Local_start_hour_US_session))
{
// first time through, compute EU session highs and lows.
TopRange=High[Highest(NULL,0,MODE_HIGH,24,1)]; // 24 M15 bars during EU session
LowRange=Low[Lowest(NULL,0,MODE_LOW,24,1)]; // 24 M15 bars during EU session
if ((TopRange-LowRange)<=SmallEUSessionPips*Point)
smallsession=true;
else
smallsession=false;
sessionfound=true;
Print("Identified new EU session + ["+LowRange+","+TopRange+"]"+" DayOfYear()="+DayOfYear()+" small? "+smallsession);
}
if(sessionfound && smallsession && (Hour()>=Local_start_hour_US_session) && (Hour()<Local_end_hour_US_session)) // Within US session hours?
{
// Calculate EU session range
// 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>Local_start_hour_EU_session+5 && h<Local_start_hour_EU_session+10) {//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,slip,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,slip,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: