/*-----------------------------+
| |
| Shared by www.Aptrafx.com |
| |
+------------------------------*/
//+------------------------------------------------------------------+
//| WaitToTrade.mq4 |
//| Copyright © 2006, Robert Hill |
//| |
//| Written by Robert Hill for Metaquites Yahoo Group |
//| |
//| Includes 2 functions |
//| |
//| HandleOpenPositions |
//| Useful for closing trade at desired profit amount. |
//| Profit can even be less that the minimum amount allowed |
//| by the broker. Set the TakeProfit that is sent to broker |
//| for a higher value in case of disconnect from server |
//| |
//| LastTradeClosedForProfit |
//| Checks if last trade closed for the desired profit or more |
//| Then stops EA from placing new orders until the number of |
//| minutes desired has elapsed |
//| |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2006, Robert Hill"
#include <stdlib.mqh>
#define MAGIC 9271533 // Unique identifier for this expert
extern int NoTradeMinutes = 30; // Minutes to stop trading after last trade stopped out
extern int TakeProfit = 60; // Profit amount hoping to achieve, can be 1 pip
extern int ServerTakeProfit = 60; // Actual amount to sent with the order to the server
datetime WaitTime=0; // Time to wait after a trade is stopped out
//+------------------------------------------------------------------+
//| expert initialization function |
//+------------------------------------------------------------------+
int init()
{
//----
}
//+------------------------------------------------------------------+
//| expert deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
}
//+------------------------------------------------------------------+
//| expert start function |
//+------------------------------------------------------------------+
int start()
{
//----
// You code here for modifying or closing positions
HandleOpenPositions();
// Check if last trade closed for TakeProfit amount
if ( WaitTime == 0) WaitTime = LastTradeClosedForProfit(TakeProfit, NoTradeMinutes);
if (CurTime() < WaitTime) return(0);
WaitTime = 0;
// Your code here for opening new positions
}
//+------------------------------------------------------------------+
//+------------------------------------------------------------------+
//| Handle Open Positions |
//| Check if any open positions need to be closed or modified |
//+------------------------------------------------------------------+
void HandleOpenPositions()
{
int cnt;
for(cnt=OrdersTotal()-1;cnt>=0;cnt--)
{
OrderSelect (cnt, SELECT_BY_POS, MODE_TRADES);
if ( OrderSymbol() != Symbol()) continue;
if ( OrderMagicNumber() != MAGIC) continue;
if(OrderType() == OP_BUY )
{
if (Bid - OrderOpenPrice() >= TakeProfit*Point)
{
CloseOrder(OrderTicket(),OrderLots(),Bid);
}
}
if(OrderType() == OP_SELL )
{
if (OrderOpenPrice() - 2* Bid - Ask >= TakeProfit*Point)
{
CloseOrder(OrderTicket(),OrderLots(),Ask);
}
}
}
}
//+------------------------------------------------------------------+
//| LastTradeClosedForProfit |
//| Check History to see if last trade closed >= ProfitAmount |
//| Return Time for next trade |
//| Time returned will be MinutesToWait after order close time |
//| if the last trade closed for TakeProfit amount |
//| return 0 otherwise |
//+------------------------------------------------------------------+
datetime LastTradeClosedForProfit(int ProfitAmount, int MinutesToWait)
{
int cnt;
datetime NextTime;
bool ClosedForProfit;
NextTime = 0;
for (cnt = HistoryTotal()-1; cnt >=0; cnt--)
{
OrderSelect (cnt, SELECT_BY_POS, MODE_HISTORY);
if(OrderSymbol()==Symbol() && OrderMagicNumber() == MAGIC)
{
if (OrderType() == OP_BUY)
{
if (OrderClosePrice() - OrderOpenPrice() >= ProfitAmount*Point)
{
ClosedForProfit = true;
NextTime = OrderCloseTime();
}
else
{
ClosedForProfit = false;
}
}
if (OrderType() == OP_SELL)
{
if (OrderOpenPrice() - OrderClosePrice() >= ProfitAmount*Point)
{
ClosedForProfit = true;
NextTime = OrderCloseTime();
}
else
{
ClosedForProfit = false;
}
}
}
// Last trade was found so exit the loop
break;
}
if (ClosedForProfit)
{
NextTime = NextTime + MinutesToWait*60;
}
return (NextTime);
}
void CloseOrder(int ticket,double numLots,double close_price)
{
int CloseCnt, err;
// try to close 3 Times
CloseCnt = 0;
while (CloseCnt < 3)
{
if (!OrderClose(ticket,numLots,close_price,3,Violet))
{
err=GetLastError();
Print(CloseCnt," Error closing order : (", err , ") " + ErrorDescription(err));
if (err > 0) CloseCnt++;
}
else
{
CloseCnt = 3;
}
}
}
Sample
Analysis
Market Information Used:
Indicator Curves created:
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Checks for the total of open orders
It Closes Orders by itself
Other Features: