//+------------------------------------------------------------------+ //| EMA_CROSS.mq4 | //| Coders Guru | //| http://www.forex-tsd.com | //| | //| Modified by Robert Hill as follows | //| 6/4/2006 Fixed bugs and added exit on fresh cross option | //| Added use of TakeProfit of 0 | //| Modified for trade on open of closed candle | //| Added Trades in this symbol and MagicNumber check | //| to allow trades on different currencies at same time | //+------------------------------------------------------------------+ //+------------------------------------------------------------------+ //| TODO: Add Money Management routine | //+------------------------------------------------------------------+ #property copyright "Coders Guru" #property link "http://www.forex-tsd.com" //---- input parameters extern double TakeProfit=130; extern double StopLoss = 60; extern double Lots=1; extern double TrailingStop=30; extern int ShortEma = 10; extern int LongEma = 80; extern bool ExitOnCross = true; extern int SignalCandle = 0; extern int MagicNumber = 12345; //+------------------------------------------------------------------+ //| expert initialization function | //+------------------------------------------------------------------+ int init() { //---- //---- return(0); } //+------------------------------------------------------------------+ //| expert deinitialization function | //+------------------------------------------------------------------+ int deinit() { //---- //---- return(0); } int FreshCross () { double SEma, LEma,SEmaP, LEmaP; SEma = iMA(NULL,30,ShortEma,0,MODE_EMA,PRICE_CLOSE,SignalCandle); LEma = iMA(NULL,30,LongEma,0,MODE_EMA,PRICE_CLOSE,SignalCandle); SEmaP = iMA(NULL,30,ShortEma,0,MODE_EMA,PRICE_CLOSE,SignalCandle+1); LEmaP = iMA(NULL,30,LongEma,0,MODE_EMA,PRICE_CLOSE,SignalCandle+1); //Don't work in the first load, wait for the first cross! if(SEma>LEma && SEmaP < LEmaP) return(1); //up if(SEma<LEma && SEmaP > LEmaP) return(2); //down return (0); //not changed } //+------------------------------------------------------------------+ //| Check Open Position Controls | //+------------------------------------------------------------------+ int CheckOpenTrades() { int cnt; int NumTrades; // Number of buy and sell trades in this symbol NumTrades = 0; for(cnt=OrdersTotal()-1;cnt>=0;cnt--) { OrderSelect (cnt, SELECT_BY_POS, MODE_TRADES); if ( OrderSymbol() != Symbol()) continue; if ( OrderMagicNumber() != MagicNumber) continue; if(OrderType() == OP_BUY ) NumTrades++; if(OrderType() == OP_SELL ) NumTrades++; } return (NumTrades); } //+------------------------------------------------------------------+ //| expert start function | //+------------------------------------------------------------------+ int start() { //---- int cnt, ticket, total; double TP; if(Bars<100) { Print("bars less than 100"); return(0); } /* if(TakeProfit<10) { Print("TakeProfit less than 10"); return(0); // check TakeProfit } */ static int isCrossed = 0; isCrossed = FreshCross (); total = CheckOpenTrades(); if(total < 1) { if(isCrossed == 1) { TP = 0; if (TakeProfit > 0) TP = Ask + TakeProfit * Point; ticket=OrderSend(Symbol(),OP_BUY,Lots,Ask,3,Ask-StopLoss*Point,TP,"EMA_CROSS",MagicNumber,0,Green); if(ticket>0) { if(OrderSelect(ticket,SELECT_BY_TICKET,MODE_TRADES)) Print("BUY order opened : ",OrderOpenPrice()); } else Print("Error opening BUY order : ",GetLastError()); return(0); } if(isCrossed == 2) { TP = 0; if (TakeProfit > 0) TP = Bid - TakeProfit * Point; ticket=OrderSend(Symbol(),OP_SELL,Lots,Bid,3,Bid+StopLoss*Point,TP,"EMA_CROSS",MagicNumber,0,Violet); if(ticket>0) { if(OrderSelect(ticket,SELECT_BY_TICKET,MODE_TRADES)) Print("SELL order opened : ",OrderOpenPrice()); } else Print("Error opening SELL order : ",GetLastError()); return(0); } return(0); } for(cnt=0;cnt<total;cnt++) { OrderSelect(cnt, SELECT_BY_POS, MODE_TRADES); //OrderPrint(); if(OrderType()<=OP_SELL && OrderSymbol()==Symbol() && OrderMagicNumber() == MagicNumber) { if(OrderType()==OP_BUY) // long position is opened { // should it be closed? /* REMOVED - Trailling stop only close */ if(ExitOnCross && isCrossed == 2) { OrderClose(OrderTicket(),OrderLots(),Bid,3,Black); // close position return(0); // exit } /**/ // check for trailing stop if(TrailingStop>0) { if(Bid-OrderOpenPrice()>TrailingStop*Point) { if(OrderStopLoss()<Bid-TrailingStop*Point) { OrderModify(OrderTicket(),OrderOpenPrice(),Bid-TrailingStop*Point,OrderTakeProfit(),0,Green); return(0); } } } } else // go to short position { // should it be closed? /* REMOVED - Trailling stop only close */ if(ExitOnCross && isCrossed == 1) { OrderClose(OrderTicket(),OrderLots(),Ask,3,Black); // close position return(0); // exit } /* */ // check for trailing stop if(TrailingStop>0) { if((OrderOpenPrice()-Ask)>(TrailingStop*Point)) { if((OrderStopLoss()>(Ask+TrailingStop*Point)) || (OrderStopLoss()==0)) { OrderModify(OrderTicket(),OrderOpenPrice(),Ask+TrailingStop*Point,OrderTakeProfit(),0,Red); return(0); } } } } } } return(0); } //+------------------------------------------------------------------+
Sample
Analysis
Market Information Used:
Indicator Curves created:
Indicators Used:
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
It can change open orders parameters, due to possible stepping strategy
Other Features: