TrueScalperProfitLock





/*-----------------------------+
|			       |
| Shared by www.Aptrafx.com    |
|			       |
+------------------------------*/

//+------------------------------------------------------------------+
//|                                        TrueScalperProfitLock.mq4 |
//|         Copyright © 2005, International Federation of Red Cross. |
//|                                             http://www.ifrc.org/ |
//|                                         Please donate some pips  |
//+------------------------------------------------------------------+
/*
		Modifications                                                         
		-------------                                                       
		DATE       MOD #    DESCRIPTION                		        
		---------- -------- ------------------------------------------------------------
       ??  ?? 2005  1      Jacob Yego and Ron Thompson: Original version                               
        
       19 Oct 2005  2      Reworked by Roger. This MT4 version is now identical to
                           Roger's earlier MT3 version TrueScalperProfitLock.mql.
                           Both these versions now include optional RSI validation, optional
                           Abandon method, MoneyManagement and ProfitLock system.
                           
Original Theory of operation (See TrueScalperProfitLock.mql MT3 version for more UPDATED
and DETAILED descriptions)                        
*/

#property copyright "Copyright © 2005, International Federation of Red Cross."
#property link      "http://www.ifrc.org/"

// generic user input
extern double Lots=1.0;
extern int    TakeProfit=44;
extern int    StopLoss=90;
extern bool   RSIMethodA=false;
extern bool   RSIMethodB=true;
extern int    RSIValue=50;
extern bool   AbandonMethodA=true;
extern bool   AbandonMethodB=false;
extern int    Abandon=101;
extern bool   MoneyManagement=true;
extern int    Risk=2;
extern int    Slippage=3;
extern bool   UseProfitLock=true;
extern int    BreakEvenTrigger=25;
extern int    BreakEven=3;
extern bool   LiveTrading=false;
extern bool   AccountIsMini=false;
extern int    maxTradesPerPair=1;
extern int    MagicNumber=5432;

double lotMM;
bool BuySignal=false;
bool SetBuy=false;
bool SellSignal=false;
bool SetSell=false;


// Bar handling
datetime bartime=0;
int      bartick=0;
int      TradeBars=0;

//+------------------------------------------------------------------+
//| expert initialization function                                   |
//+------------------------------------------------------------------+
int init()
  {
//---- 
   
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| expert deinitialization function                                 |
//+------------------------------------------------------------------+
int deinit()
  {
//---- 
   
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| expert start function                                            |
//+------------------------------------------------------------------+
int start()
  {
//----
   if (UseProfitLock) ProfitLockStop();
   if (AbandonMethodA || AbandonMethodB)
      {
      RunAbandonCheck();
      RunAbandonMethods();
      }
   if (!SetLotsMM()) return(0);   
   RunOrderTriggerCalculations();
   RunPairSpesificSettings();
   RunNewOrderManagement();
//----
   return(0);
  }
  
/////////////////////////////////////////////////
//  SetLotsMM - By Robert Cochran http://autoforex.biz
/////////////////////////////////////////////////
bool SetLotsMM()
{
   double MarginCutoff;

   if(!AccountIsMini) MarginCutoff = 1000;
   if( AccountIsMini) MarginCutoff = 100;

   if(AccountFreeMargin() < MarginCutoff) return(false);

   if(MoneyManagement)
   {
     lotMM = MathCeil(AccountBalance() * Risk / 10000) / 10;

     if(lotMM < 0.1) lotMM = Lots;
     if(lotMM > 1.0) lotMM = MathCeil(lotMM);

     // Enforce lot size boundaries

     if(LiveTrading)
     {
         if( AccountIsMini)               lotMM = lotMM * 10;
         if(!AccountIsMini && lotMM < 1.0) lotMM = 1.0;
     }

     if(lotMM > 100) lotMM = 100;
   }
   else
   {
     lotMM = Lots; // Change MoneyManagement to 0 if you want the Lots parameter to be in effect
   }
   return(true);
}

//+------------------------------------------------------------------+

/////////////////////////////////////////////////
//  RunOrderTriggerCalculations
/////////////////////////////////////////////////
bool RunOrderTriggerCalculations()
{

bool    RSIPOS=false;
bool    RSINEG=false;

// 3-period moving average on Bar[1]
double bullMA3=iMA(Symbol(),0,3,0,MODE_EMA,PRICE_CLOSE,1);
// 7-period moving average on Bar[1]
double bearMA7=iMA(Symbol(),0,7,0,MODE_EMA,PRICE_CLOSE,1);
   
// 2-period moving average on Bar[2]
double RSI=iRSI(Symbol(),0,2,PRICE_CLOSE,2);
double RSI2=iRSI(Symbol(),0,2,PRICE_CLOSE,1);

// Determine what polarity RSI is in
if (RSIMethodA)
   {
   if(RSI>RSIValue && RSI2<RSIValue)
     {
     RSIPOS=true;
     RSINEG=false;
     }
     else RSIPOS=false;
   if(RSI<RSIValue && RSI2>RSIValue)
     {
     RSIPOS=false;
     RSINEG=true;
     }
     else RSINEG=false;
   }
if (RSIMethodB)
   {
    if(RSI>RSIValue)
      {
      RSIPOS=true;
      RSINEG=false;
      }
    if(RSI<RSIValue)
      {
      RSIPOS=false;
      RSINEG=true;
      }
   }  

if ((bullMA3 > (bearMA7+Point)) && RSINEG)
   {
   BuySignal=true;
   }
   else BuySignal=false;
   
if ((bullMA3 < (bearMA7-Point)) && RSIPOS)
   {
   SellSignal=true;
   }
   else SellSignal=false;
  return(true);
}

/////////////////////////////////////////////////
//  OpenOrdersBySymbolAndComment
/////////////////////////////////////////////////
int OpenOrdersForThisEA()
{
   int ofts=0;
   for(int x=0;x<OrdersTotal();x++)
   {
      OrderSelect(x, SELECT_BY_POS, MODE_TRADES);
      if(OrderSymbol()==Symbol() && OrderMagicNumber()==MagicNumber)
      {
        ofts++;
      }
   }
   return(ofts);
}

/////////////////////////////////////////////////
//  PROFIT LOCK - By Robert Cochran - http://autoforex.biz
/////////////////////////////////////////////////

bool ProfitLockStop()
{
   if( OpenOrdersForThisEA() > 0 )
   {
      for ( int i = 0; i < OrdersTotal(); i++){
         OrderSelect(i, SELECT_BY_POS, MODE_TRADES);
         //--- LONG TRADES
         
         if(OrderType() == OP_BUY && OrderSymbol() == Symbol() && OrderMagicNumber()== MagicNumber)
         {
            if (Bid >= OrderOpenPrice() + BreakEvenTrigger*Point &&
                OrderOpenPrice() > OrderStopLoss())
            {
              OrderModify(OrderTicket(), OrderOpenPrice(), OrderOpenPrice() + BreakEven * Point, OrderTakeProfit(), Green);
            }
         }
         
         //--- SHORT TRADES
         if(OrderType() == OP_SELL && OrderSymbol() == Symbol() && OrderMagicNumber()==MagicNumber)
         {
            if (Ask  <= OrderOpenPrice() - BreakEvenTrigger*Point &&
                OrderOpenPrice() < OrderStopLoss())
            {
                  OrderModify(OrderTicket(), OrderOpenPrice(),OrderOpenPrice() - BreakEven * Point, OrderTakeProfit(), Blue);
            }
         }
      }
   }
}


/////////////////////////////////////////////////
//  ABANDON CHECK
/////////////////////////////////////////////////

bool RunAbandonCheck()
{
  if( OpenOrdersForThisEA() > 0 )
     {
      if (TradeBars == 0 && bartick == 0)
      {
        for (int i = 0; i < OrdersTotal(); i++)
        {
            if (OrderSymbol() == Symbol())
            {
               TradeBars = MathFloor(CurTime() - OrderOpenTime())/60/Period();
               bartime = Time[0];
               bartick = TradeBars;
            }
         }
       }
       if(bartime!=Time[0])
       {
       bartime=Time[0];
       bartick++;
       }
    }          
  return(true);
}
 
/////////////////////////////////////////////////
//  RunAbandonMethods
/////////////////////////////////////////////////

bool RunAbandonMethods()
{
   if( OpenOrdersForThisEA() > 0 )
     {
      for (int i = 0; i < OrdersTotal(); i++)
      {
         OrderSelect(i, SELECT_BY_POS, MODE_TRADES);
     
      if (AbandonMethodA && bartick==Abandon)//Force "HEDGE" after abandon
        {
         // LONG TRADES
         if (OrderType() == OP_BUY && OrderSymbol() == Symbol() &&
         OrderMagicNumber()==MagicNumber)
         {
           OrderClose(OrderTicket(),OrderLots(),Bid,Slippage,Blue);
           SetSell=true;
           continue;
         }
         // SHORT TRADES
         if (OrderType() == OP_SELL && OrderSymbol() == Symbol() &&
         OrderMagicNumber()==MagicNumber)
         {
           OrderClose(OrderTicket(),OrderLots(),Ask,Slippage,Blue);
           SetBuy=true;
           continue;
         }
       }

       if (AbandonMethodB && bartick==Abandon)//Indicators decide direction after abandon
        {
         // LONG TRADES
         if (OrderType() == OP_BUY && OrderSymbol() == Symbol() &&
         OrderMagicNumber()==MagicNumber)
         {
           OrderClose(OrderTicket(),OrderLots(),Bid,Slippage,White);
           continue;
         }
         // SHORT TRADES
         if (OrderType() == OP_SELL && OrderSymbol() == Symbol() &&
         OrderMagicNumber()==MagicNumber)
         {
            OrderClose(OrderTicket(),OrderLots(),Ask,Slippage,White);
            continue;
         }
       }
     } 
   }
   return(true);
 }
 
/////////////////////////////////////////////////
//  RunPairSpesificSettings
/////////////////////////////////////////////////
bool RunPairSpesificSettings()
{
   // set up the symbol optimizations
   if (Symbol()=="GBPUSD")
     {
     TakeProfit=55; StopLoss=100; Abandon=69;
     }
   return(true);
}
/////////////////////////////////////////////////
//  RunNewOrderManagement
/////////////////////////////////////////////////

bool RunNewOrderManagement()
{
double  TP,SL;

   if( OpenOrdersForThisEA() < maxTradesPerPair )
   {
      //ENTRY Ask(buy, long) 
      if (BuySignal || SetBuy)
		  {
		   SL = Ask - StopLoss*Point;
		   TP = Ask + TakeProfit*Point;
         OrderSend(Symbol(),OP_BUY,lotMM,Ask,Slippage,SL,TP,"TS-ProfitLock - "+Symbol()+" - Long",MagicNumber,0,White);
         bartick=0;
         if (SetBuy) SetBuy=false;
         return(true);
        }
        
      //ENTRY Bid (sell, short)
      if (SellSignal || SetSell)
        {
		   SL = Bid + StopLoss*Point;
		   TP = Bid - TakeProfit*Point;
         OrderSend(Symbol(),OP_SELL,lotMM,Bid,Slippage,SL,TP,"TS-ProfitLock - "+Symbol()+" - Short",MagicNumber,0,Red);
         bartick=0;
         if (SetSell) SetSell=false; 
         return(true);
        }
     }
  return(true);
}





Sample





Analysis



Market Information Used:

Series array that contains open time of each bar


Indicator Curves created:


Indicators Used:

Moving average indicator
Relative strength index


Custom Indicators Used:

Order Management characteristics:
Checks for the total of open orders
It can change open orders parameters, due to possible stepping strategy
It Closes Orders by itself
It automatically opens orders when conditions are reached

Other Features:


BackTest : USDJPY on H1

From 2009-11-01 to 2009-11-30 Profit Factor:0.63 Total Net Profit:-1508.07

BackTest : USDCHF on H1

From 2009-12-01 to 2010-01-01 Profit Factor:0.32 Total Net Profit:-3012.77

BackTest : EURUSD on H1

From 2009-12-01 to 2010-01-17 Profit Factor:0.66 Total Net Profit:-2669.50

BackTest : USDCAD on H1

From 2009-12-01 to 2010-01-01 Profit Factor:0.48 Total Net Profit:-2463.24

BackTest : EURUSD on H1

From 2009-08-01 to 2009-10-01 Profit Factor:0.73 Total Net Profit:-2400.80

BackTest : GBPUSD on H1

From 2010-01-01 to 2010-02-27 Profit Factor:0.28 Total Net Profit:-9008.78

BackTest : EURUSD on H1

From 2010-04-01 to 2010-04-30 Profit Factor:0.00 Total Net Profit:0.00

BackTest : EURUSD on H1

From 2010-05-01 to 2010-05-31 Profit Factor:0.00 Total Net Profit:0.00

BackTest : EURUSD on H1

From 2010-06-01 to 2010-06-30 Profit Factor:0.00 Total Net Profit:0.00

Request Backtest for TrueScalperProfitLock


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