/*-----------------------------+
| |
| Shared by www.Aptrafx.com |
| |
+------------------------------*/
//+-----------------------------------------------------------------------------+
//| RSI trader v0.15 |
//+-----------------------------------------------------------------------------+
#property copyright "Copyright © 2005, TraderSeven"
#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 H1
// At a certain time a small breakout often occurs.
//
//----------------------- HISTORY
// v0.10 Initial release.
//----------------------- TODO
// Test other pairs and timeframes.
// Trailing stop
extern int RSIPeriod=14;
extern int Short_price_MA_periods = 9;
extern int Long_price_MA_periods = 45;
extern int Short_RSI_MA_periods = 9;
extern int Long_RSI_MA_periods = 45;
extern double Lots = 1;
extern int Slippage=3;
//----------------------- MAIN PROGRAM LOOP
//+------------------------------------------------------------------+
//| Relative Strength Index |
//+------------------------------------------------------------------+
int start()
{
int arraysize=200;
double RSI[];
double RSI_SMA[];
ArrayResize(RSI,arraysize);
ArrayResize(RSI_SMA,arraysize);
ArraySetAsSeries(RSI,true);
for(int i3=arraysize-1;i3>=0;i3--)
RSI[i3]=iRSI(NULL,0,RSIPeriod,PRICE_CLOSE,i3);
for(i3=arraysize-1;i3>=0;i3--)
RSI_SMA[i3]=iMAOnArray(RSI,0,Short_RSI_MA_periods,0,MODE_SMA,i3);
double RSI9 =RSI_SMA[1];
for(i3=arraysize-1;i3>=0;i3--)
RSI[i3]=iRSI(NULL,0,RSIPeriod,PRICE_CLOSE,i3);
for(i3=arraysize-1;i3>=0;i3--)
RSI_SMA[i3]=iMAOnArray(RSI,0,Long_RSI_MA_periods,0,MODE_SMA,i3);
double RSI45 =RSI_SMA[1];
double Price45=iMA(NULL,0, Long_price_MA_periods ,0,MODE_LWMA,PRICE_CLOSE,1);
double Price9 =iMA(NULL,0, Short_price_MA_periods,0,MODE_SMA,PRICE_CLOSE,1);
bool Long=false;
bool Short=false;
bool Sideways=false;
if(Price9>Price45 && RSI9>RSI45) Long=true;
if(Price9<Price45 && RSI9<RSI45) Short=true;
if(Price9>Price45 && RSI9<RSI45) Sideways=true;
if(Price9<Price45 && RSI9>RSI45) Sideways=true;
if(Long==true && OrdersTotal()==0)
{
OrderSend(Symbol(),OP_BUY ,Lots,Ask,Slippage,Ask/3,Ask*3,0,0,Blue);
}
if(Short==true && OrdersTotal()==0)
{
OrderSend(Symbol(),OP_SELL,Lots,Bid,Slippage,Bid*3,Bid/3,0,0,Red);
}
if(Sideways==true && OrdersTotal()!=0)
{
OrderSelect(0, SELECT_BY_POS, MODE_TRADES);
Comment("Sideways detected");
if(OrderType()==OP_BUY) OrderClose(OrderTicket(),1,Ask,3,Red);
if(OrderType()==OP_SELL) OrderClose(OrderTicket(),1,Bid,3,Red);
}
}
Sample
Analysis
Market Information Used:
Indicator Curves created:
Indicators Used:
Relative strength index
Moving average indicator
Custom Indicators Used:
Order Management characteristics:
Checks for the total of open orders
It automatically opens orders when conditions are reached
It Closes Orders by itself
Other Features: