/*-----------------------------+
| |
| Shared by www.Aptrafx.com |
| |
+------------------------------*/
//+------------------------------------------------------------------+
//| TralingStop.mq4 |
//| Copyright © 2005, Cleon Adonis Santos |
//| www.fw380.com |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2005, Cleon Adonis Santos"
#property link "www.fw380.com/forex"
extern int BarsNum = 5;
extern int PipDistance = 1;
double LTS, STS, Spread;
int start() {
int count = 0;
// ----- Spread calculation -----
Spread = MarketInfo(Symbol(), MODE_SPREAD) * Point;
// ----- Stop Loss Calculation -----
LTS = NormalizeDouble(Low[Lowest(NULL, 0, MODE_LOW, BarsNum, 1)] - (PipDistance * Point), Digits);
STS = NormalizeDouble(High[Highest(NULL, 0, MODE_HIGH, BarsNum, 1)] + Spread + (PipDistance * Point), Digits);
Comment("LTS: ", LTS, " - STS: ", STS);
if (OrdersTotal() != 0) {
while (count < OrdersTotal()) {
OrderSelect(count, SELECT_BY_POS, MODE_TRADES);
if (OrderSymbol() == Symbol()) {
if (OrderType() == OP_BUY && (LTS > OrderStopLoss() || OrderStopLoss() == 0)) {
OrderModify(OrderTicket(), 0, LTS, 0, 0, Blue);
Alert("OP_BUY Error: ", GetLastError(), " - ", LTS, " - ", OrderTicket());
}
if (OrderType() == OP_SELL && (STS < OrderStopLoss() || OrderStopLoss() == 0)) {
OrderModify(OrderTicket(), 0, STS, 0, 0, Red);
Alert("OP_SELL Error: ", GetLastError(), " - ", STS, " - ", OrderTicket());
}
if (OrderType() == OP_BUYSTOP && (LTS > OrderStopLoss() || OrderStopLoss() == 0)) {
OrderModify(OrderTicket(), OrderOpenPrice(), LTS, 0, 0, Blue);
Alert("OP_BUYSTOP Error: ", GetLastError(), " - ", LTS, " - ", OrderTicket());
}
if (OrderType() == OP_SELLSTOP && (STS < OrderStopLoss() || OrderStopLoss() == 0)) {
OrderModify(OrderTicket(), OrderOpenPrice(), STS, 0, 0, Red);
Alert("OP_SELLSTOP Error: ", GetLastError(), " - ", STS, " - ", OrderTicket());
}
}
count++;
}
}
return(0);
}
Sample
Analysis
Market Information Used:
Series array that contains the lowest prices of each bar
Series array that contains the highest prices of each bar
Indicator Curves created:
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Checks for the total of open orders
It can change open orders parameters, due to possible stepping strategy
Other Features:
It issuies visual alerts to the screen