OpenTiks MM (Profit Target)





//+------------------------------------------------------------------+
//|                                                     OpenTiks.mq4 |
//|                                        Copyright © 2008, ZerkMax |
//|                                                      zma@mail.ru |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2008, ZerkMax"
#property link      "zma@mail.ru"

extern int    Shift1          = 0;
extern int    Shift2          = 1;
extern int    Shift3          = 2;
extern int    Shift4          = 3;
extern int    TrailingStop   = 30;
extern int    StopLoss       = 0;
extern double ProfitTarget=100000;
extern double Lots           = 0.1;
extern bool RiskManagement=false; //money management
extern double RiskPercent=10; //risk in percentage
extern int    magicnumber    = 777;
extern bool   PolLots        = true;
extern int    MaxOrders      =  1;

int prevtime;
//+------------------------------------------------------------------+
//| expert initialization function                                   |
//+------------------------------------------------------------------+
int init()
  {
//----
   
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| expert deinitialization function                                 |
//+------------------------------------------------------------------+
int deinit()
  {
//----
   
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| expert start function                                            |
//+------------------------------------------------------------------+
int start()
  {
//----

   //profit target
   
   if(AccountEquity()>(AccountBalance()+ProfitTarget))
   {
      CloseOrders(magicnumber);
      return(0);
   }
   
   //risk management
   
   bool MM=RiskManagement;
   if(MM){if(RiskPercent<0.1||RiskPercent>100){Comment("Invalid Risk Value.");return(0);}
   else{Lots=MathFloor((AccountFreeMargin()*AccountLeverage()*RiskPercent*Point*100)/(Ask*MarketInfo(Symbol(),MODE_LOTSIZE)*
   MarketInfo(Symbol(),MODE_MINLOT)))*MarketInfo(Symbol(),MODE_MINLOT);}}
   if(MM==false){Lots=Lots;}

   int i=0;  
   int total = OrdersTotal();   
   for(i = 0; i <= total; i++) 
     {
      if(TrailingStop>0)  
       {                 
       OrderSelect(i, SELECT_BY_POS, MODE_TRADES);
       if(OrderMagicNumber() == magicnumber) 
         {
         TrailingStairs(OrderTicket(),TrailingStop);
         }
       }
      }

bool BuyOp=false;
bool SellOp=false;


if (High[Shift1]>High[Shift2]&&High[Shift2]>High[Shift3]&&High[Shift3]>High[Shift4]&&Open[Shift1]>Open[Shift2]&&Open[Shift2]>Open[Shift3]&&Open[Shift3]>Open[Shift4]) BuyOp=true;
if (High[Shift1]<High[Shift2]&&High[Shift2]<High[Shift3]&&High[Shift3]<High[Shift4]&&Open[Shift1]<Open[Shift2]&&Open[Shift2]<Open[Shift3]&&Open[Shift3]<Open[Shift4]) SellOp=true;

   if(Time[0] == prevtime) 
       return(0);
   prevtime = Time[0];
   if(!IsTradeAllowed()) 
     {
       prevtime = Time[1];
       return(0);
     }


   if (total < MaxOrders || MaxOrders == 0)
     {   
       if(BuyOp)
        { 
         if (StopLoss!=0)
          {
           OrderSend(Symbol(),OP_BUY,Lots,Ask,3,Bid-(StopLoss*Point),0,"OpenTiks_Buy",magicnumber,0,Green);
          }
         else
          {
           OrderSend(Symbol(),OP_BUY,Lots,Ask,3,0,0,"OpenTiks_Buy",magicnumber,0,Green);
          }
        }
       if(SellOp)
        { 
         if (StopLoss!=0)
          {
           OrderSend(Symbol(),OP_SELL,Lots,Bid,3,Ask+(StopLoss*Point),0,"OpenTiks_Sell",magicnumber,0,Red);
          } 
         else 
          {
           OrderSend(Symbol(),OP_SELL,Lots,Bid,3,0,0,"OpenTiks_Sell",magicnumber,0,Red);
          }
        }
      }
   
//----
   return(0);
  } 
//+------------------------------------------------------------------+
void TrailingStairs(int ticket,int trldistance)
   {
    int Spred=Ask - Bid;
    if (OrderType()==OP_BUY)
      {
       if((Bid-OrderOpenPrice())>(Point*trldistance))
         {
          if(OrderStopLoss()<Bid-Point*trldistance || (OrderStopLoss()==0))
            {
             OrderModify(ticket,OrderOpenPrice(),Bid-Point*trldistance,OrderTakeProfit(),0,Green);
             if (PolLots)
             if (NormalizeDouble(OrderLots()/2,2)>MarketInfo(Symbol(), MODE_MINLOT))
               {
               OrderClose(ticket,NormalizeDouble(OrderLots()/2,2),Ask,3,Green);
               }
             else
               {
               OrderClose(ticket,OrderLots(),Ask,3,Green);
               }
            }
         }
       }
     else
       {
        if((OrderOpenPrice()-Ask)>(Point*trldistance))
          {
           if((OrderStopLoss()>(Ask+Point*trldistance)) || (OrderStopLoss()==0))
             {
              OrderModify(OrderTicket(),OrderOpenPrice(),Ask+Point*trldistance,OrderTakeProfit(),0,Red);
             if (PolLots)
             if (NormalizeDouble(OrderLots()/2,2)>MarketInfo(Symbol(), MODE_MINLOT))
               {
               OrderClose(ticket,NormalizeDouble(OrderLots()/2,2),Bid,3,Green);
               }
             else
               {
               OrderClose(ticket,OrderLots(),Bid,3,Green);
               }
             }
          }
        }
    }

//|---------close buy orders

int CloseOrders(int Magic)
{
  int result,total=OrdersTotal();

  for (int cnt=total-1;cnt>=0;cnt--)
  {
    OrderSelect(cnt,SELECT_BY_POS,MODE_TRADES);
    if(OrderMagicNumber()==Magic&&OrderSymbol()==Symbol())
    {
      if(OrderType()==OP_BUY)
      {
        OrderClose(OrderTicket(),OrderLots(),Bid,3);
        switch(OrderType())
        {
          case OP_BUYLIMIT:
          case OP_BUYSTOP:
          result=OrderDelete(OrderTicket());
        }
      }
      if(OrderType()==OP_SELL)
      {
        OrderClose(OrderTicket(),OrderLots(),Ask,3);
        switch(OrderType())
        {
          case OP_SELLLIMIT:
          case OP_SELLSTOP:
          result=OrderDelete(OrderTicket());
        }
      }
    }
  }
  return(0);
}



Sample





Analysis



Market Information Used:

Series array that contains the highest prices of each bar
Series array that contains open prices of each bar
Series array that contains open time of each bar


Indicator Curves created:


Indicators Used:



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
It Closes Orders by itself

Other Features:


BackTest : EURUSD on H1

From 2009-12-01 to 2010-01-17 Profit Factor:0.00 Total Net Profit:343.91

BackTest : USDCAD on H1

From 2009-12-01 to 2010-01-01 Profit Factor:0.00 Total Net Profit:0.81

BackTest : EURUSD on H1

From 2009-08-01 to 2009-10-01 Profit Factor:0.00 Total Net Profit:377.51

BackTest : GBPUSD on H1

From 2010-01-01 to 2010-02-27 Profit Factor:0.00 Total Net Profit:491.65

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 OpenTiks MM (Profit Target)


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