//+------------------------------------------------------------------+ //| MA_Channel.mq4 | //| Coders Guru | //| http://www.forex-tsd.com | //+------------------------------------------------------------------+ #property copyright "Coders Guru" #property link "http://www.forex-tsd.com" //---- input parameters extern double TakeProfit=80; extern double Lots=1; extern double TrailingStop=21; extern int USMA = 10; extern int LSMA = 8; //+------------------------------------------------------------------+ //| expert initialization function | //+------------------------------------------------------------------+ int init() { //---- //---- return(0); } //+------------------------------------------------------------------+ //| expert deinitialization function | //+------------------------------------------------------------------+ int deinit() { //---- //---- return(0); } //+------------------------------------------------------------------+ //| expert start function | //+------------------------------------------------------------------+ int start() { //---- int cnt, ticket, total; if(Bars<100) { Print("bars less than 100"); return(0); } if(TakeProfit<10) { Print("TakeProfit less than 10"); return(0); // check TakeProfit } total = OrdersTotal(); if(total < 1) { if( High[1] < iMA(NULL,0,LSMA,0,MODE_SMA,PRICE_LOW,1) && High[2] < iMA(NULL,0,LSMA,0,MODE_SMA,PRICE_LOW,2)) { ticket=OrderSend(Symbol(),OP_BUY,Lots,Ask,3,0,Ask+TakeProfit*Point,"My EA",12345,0,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(Low[1] > iMA(NULL,0,USMA,0,MODE_SMA,PRICE_HIGH,1) && Low[2] > iMA(NULL,0,USMA,0,MODE_SMA,PRICE_HIGH,2) ) { ticket=OrderSend(Symbol(),OP_SELL,Lots,Bid,3,0,Bid-TakeProfit*Point,"My EA",12345,0,Red); 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); if(OrderType()<=OP_SELL && OrderSymbol()==Symbol()) { if(OrderType()==OP_BUY) // long position is opened { // check for trailing stop if(TrailingStop>0) { if(Bid-OrderOpenPrice()>Point*TrailingStop) { if(OrderStopLoss()<Bid-Point*TrailingStop) { OrderModify(OrderTicket(),OrderOpenPrice(),Bid-Point*TrailingStop,OrderTakeProfit(),0,Green); return(0); } } } } else // go to short position { // check for trailing stop if(TrailingStop>0) { if((OrderOpenPrice()-Ask)>(Point*TrailingStop)) { if((OrderStopLoss()>(Ask+Point*TrailingStop)) || (OrderStopLoss()==0)) { OrderModify(OrderTicket(),OrderOpenPrice(),Ask+Point*TrailingStop,OrderTakeProfit(),0,Red); return(0); } } } } } } return(0); } //+------------------------------------------------------------------+
Sample
Analysis
Market Information Used:
Series array that contains the highest prices of each bar
Series array that contains the lowest prices of each bar
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 can change open orders parameters, due to possible stepping strategy
Other Features: