//+------------------------------------------------------------------+
//| |
//| RSI-R2.mq4 - Ver 1.0 @ 03/22/2007 by Bluto |
//| |
//+------------------------------------------------------------------+
#property copyright "Bluto"
#property link "None"
extern double LotSize=10;
extern int Slippage=3;
extern double StopLoss=0;
extern double TakeProfit=700;
extern double RiskPercent=2.0;
extern bool UseMoneyMgmt=false;
extern double RSI_Overbought_Value = 75.0;
extern double RSI_Oversold_Value = 25.0;
int MagicNumber=0;
int ticket;
int OpenBuyOrders=0;
int OpenSellOrders=0;
int BuyCount=0,SellCount=0;
int i;
bool Buy_Mode=false, Sell_Mode=false;
double RSI_Day_1=0, RSI_Day_2=0, RSI_Day_3=0, SMA200_Day3=0;
double MM_MinLotSize=0;
double MM_MaxLotSize=0;
double MM_LotStep=0;
double MM_Decimals=0;
double MM_OrderLotSize=0;
int MM_AcctLeverage=0;
int MM_CurrencyLotSize=0;
int init()
{
if (Symbol()=="AUDCADm" || Symbol()=="AUDCAD") {MagicNumber=200001;}
if (Symbol()=="AUDJPYm" || Symbol()=="AUDJPY") {MagicNumber=200002;}
if (Symbol()=="AUDNZDm" || Symbol()=="AUDNZD") {MagicNumber=200003;}
if (Symbol()=="AUDUSDm" || Symbol()=="AUDUSD") {MagicNumber=200004;}
if (Symbol()=="CHFJPYm" || Symbol()=="CHFJPY") {MagicNumber=200005;}
if (Symbol()=="EURAUDm" || Symbol()=="EURAUD") {MagicNumber=200006;}
if (Symbol()=="EURCADm" || Symbol()=="EURCAD") {MagicNumber=200007;}
if (Symbol()=="EURCHFm" || Symbol()=="EURCHF") {MagicNumber=200008;}
if (Symbol()=="EURGBPm" || Symbol()=="EURGBP") {MagicNumber=200009;}
if (Symbol()=="EURJPYm" || Symbol()=="EURJPY") {MagicNumber=200010;}
if (Symbol()=="EURUSDm" || Symbol()=="EURUSD") {MagicNumber=200011;}
if (Symbol()=="GBPCHFm" || Symbol()=="GBPCHF") {MagicNumber=200012;}
if (Symbol()=="GBPJPYm" || Symbol()=="GBPJPY") {MagicNumber=200013;}
if (Symbol()=="GBPUSDm" || Symbol()=="GBPUSD") {MagicNumber=200014;}
if (Symbol()=="NZDJPYm" || Symbol()=="NZDJPY") {MagicNumber=200015;}
if (Symbol()=="NZDUSDm" || Symbol()=="NZDUSD") {MagicNumber=200016;}
if (Symbol()=="USDCHFm" || Symbol()=="USDCHF") {MagicNumber=200017;}
if (Symbol()=="USDJPYm" || Symbol()=="USDJPY") {MagicNumber=200018;}
if (Symbol()=="USDCADm" || Symbol()=="USDCAD") {MagicNumber=200019;}
if (MagicNumber==0) {MagicNumber = 200999;}
return(0);
}
int deinit()
{
return(0);
}
int start()
{
//----- Money Management & Lot Sizing Stuff.
MM_AcctLeverage = AccountLeverage();
MM_MinLotSize = MarketInfo(Symbol(),MODE_MINLOT);
MM_MaxLotSize = MarketInfo(Symbol(),MODE_MAXLOT);
MM_LotStep = MarketInfo(Symbol(),MODE_LOTSTEP);
MM_CurrencyLotSize = MarketInfo(Symbol(),MODE_LOTSIZE);
if(MM_LotStep == 0.01) {MM_Decimals = 2;}
if(MM_LotStep == 0.1) {MM_Decimals = 1;}
if (UseMoneyMgmt == true)
{
MM_OrderLotSize = AccountEquity() * (RiskPercent * 0.01) / (MM_CurrencyLotSize / MM_AcctLeverage);
MM_OrderLotSize = StrToDouble(DoubleToStr(MM_OrderLotSize,MM_Decimals));
}
else
{
MM_OrderLotSize = LotSize;
}
if (MM_OrderLotSize < MM_MinLotSize) {MM_OrderLotSize = MM_MinLotSize;}
if (MM_OrderLotSize > MM_MaxLotSize) {MM_OrderLotSize = MM_MaxLotSize;}
SMA200_Day3 = iMA(NULL,PERIOD_D1,200, 0, MODE_SMA, PRICE_CLOSE, 1);
RSI_Day_1 = iRSI(NULL, PERIOD_D1, 2, PRICE_CLOSE, 3);
RSI_Day_2 = iRSI(NULL, PERIOD_D1, 2, PRICE_CLOSE, 2);
RSI_Day_3 = iRSI(NULL, PERIOD_D1, 2, PRICE_CLOSE, 1);
if (RSI_Day_1 < 65 && RSI_Day_2 < RSI_Day_1 && RSI_Day_3 < RSI_Day_2 && Close[1] > SMA200_Day3)
{
Buy_Mode=true;
} else {
Buy_Mode=false;
}
if (RSI_Day_1 > 35 && RSI_Day_2 > RSI_Day_1 && RSI_Day_3 > RSI_Day_2 && Close[1] < SMA200_Day3)
{
Sell_Mode=true;
} else {
Sell_Mode=false;
}
if (OpenBuyOrders == 1 && iRSI(NULL, PERIOD_D1, 2, PRICE_CLOSE, 1) > RSI_Overbought_Value)
{
CloseLongs(MagicNumber);
OpenBuyOrders = 0;
BuyCount=0;
}
if (OpenSellOrders == 1 && iRSI(NULL, PERIOD_D1, 2, PRICE_CLOSE, 1) < RSI_Oversold_Value)
{
CloseShorts(MagicNumber);
OpenSellOrders = 0;
SellCount=0;
}
//----- Count number of existing open buy & sell orders; update trailing stops.
OpenBuyOrders=0;
OpenSellOrders=0;
// Manage Paraolic SAR
for (i = 0; i <= OrdersTotal(); i++)
{
OrderSelect(i,SELECT_BY_POS,MODE_TRADES);
if ((OrderSymbol() == Symbol()) && (OrderMagicNumber() == MagicNumber))
{
if (OrderType() == OP_BUY)
{
OpenBuyOrders++;
if ((iSAR(NULL,0,0.02,0.2,1) > OrderStopLoss()) && (Bid > iSAR(NULL,0,0.02,0.2,1)) && (OrderOpenPrice() < iSAR(NULL,0,0.02,0.2,1)) && (iSAR(NULL,0,0.02,0.2,1) > iSAR(NULL,0,0.02,0.2,2)))
{
OrderModify(OrderTicket(),OrderOpenPrice(),iSAR(NULL,0,0.02,0.2,1),OrderTakeProfit(),0,Blue);
Print("Order # ",OrderTicket()," updated at ",Hour(),":",Minute(),":",Seconds());
return(0);
}
}
if (OrderType() == OP_SELL)
{
OpenSellOrders++;
if ((iSAR(NULL,0,0.02,0.2,1) < OrderStopLoss()) && (Ask < iSAR(NULL,0,0.02,0.2,1)) && (OrderOpenPrice() > iSAR(NULL,0,0.02,0.2,1)) && (iSAR(NULL,0,0.02,0.2,1) < iSAR(NULL,0,0.02,0.2,2)))
{
OrderModify(OrderTicket(),OrderOpenPrice(),iSAR(NULL,0,0.02,0.2,1),OrderTakeProfit(),0,Blue);
Print("Order # ",OrderTicket()," updated at ",Hour(),":",Minute(),":",Seconds());
return(0);
}
}
}
}
//----- Generic order handler.
//----- If we have a new buy signal, close existing sell orders; if we have a new sell signal, close existing buy orders; reset order counters.
//----- Next, create new buy or sell order.
if (Buy_Mode==true && BuyCount==0)
{
if(OpenSellOrders > 0)
{
CloseShorts(MagicNumber);
OpenSellOrders = 0;
}
SellCount=0;
if(OpenBuyOrders == 0)
{
ticket = OpenPendingOrder(OP_BUY,MM_OrderLotSize,Ask,Slippage,Bid,StopLoss,TakeProfit,"RSI-R2",MagicNumber,0,Lime);
if(ticket<0)
{
Print("OrderSend failed with error #",GetLastError());
return(0);
}
else
{
OpenBuyOrders++;
BuyCount++;
}
}
}
if (Sell_Mode==true && SellCount==0)
{
if(OpenBuyOrders > 0)
{
CloseLongs(MagicNumber);
OpenBuyOrders = 0;
}
BuyCount=0;
if (OpenSellOrders == 0)
{
ticket = OpenPendingOrder(OP_SELL,MM_OrderLotSize,Bid,Slippage,Ask,StopLoss,TakeProfit,"RSI-R2",MagicNumber,0,HotPink);
if(ticket<0)
{
Print("OrderSend failed with error #",GetLastError());
return(0);
}
else
{
OpenSellOrders++;
SellCount++;
}
}
}
return(0);
}
//----- Order Processing Functions
void CloseLongs(int MagicNumber)
{
int trade;
for(trade=OrdersTotal()-1;trade>=0;trade--)
{
if(OrderSelect(trade,SELECT_BY_POS,MODE_TRADES)==false)
continue;
if(OrderSymbol()!=Symbol()||OrderMagicNumber()!=MagicNumber)
continue;
if(OrderSymbol()==Symbol()&&OrderMagicNumber()==MagicNumber)
if(OrderType()==OP_BUY)
OrderClose(OrderTicket(),OrderLots(),Bid,Slippage,Blue);
}//for
}
void CloseShorts(int MagicNumber)
{
int trade;
for(trade=OrdersTotal()-1;trade>=0;trade--)
{
if(OrderSelect(trade,SELECT_BY_POS,MODE_TRADES)==false)
continue;
if(OrderSymbol()!=Symbol()||OrderMagicNumber()!=MagicNumber)
continue;
if(OrderSymbol()==Symbol()&&OrderMagicNumber()==MagicNumber)
if(OrderType()==OP_SELL)
OrderClose(OrderTicket(),OrderLots(),Ask,Slippage,Red);
}//for
}
int OpenPendingOrder(int pType,double pLots,double pLevel,int sp, double pr, int sl, int tp,string pComment,int pMagic,datetime pExpiration,color pColor)
{
int ticket=0;
int err=0;
int c = 0;
int NumberOfTries = 10;
switch (pType)
{
case OP_BUY:
for(c = 0 ; c < NumberOfTries ; c++)
{
RefreshRates();
ticket=OrderSend(Symbol(),OP_BUY,pLots,Ask,sp,StopLong(Bid,sl),TakeLong(Bid,tp),pComment,pMagic,pExpiration,pColor);
if (ticket > 0) break;
err=GetLastError();
if(err==0)
{
break;
}
else
{
if(err==4 || err==137 ||err==146 || err==136) //Busy errors
{
Sleep(5000);
continue;
}
else //normal error
{
Print("Error Code= ", err);
break;
}
}
}
break;
case OP_SELL:
for(c = 0 ; c < NumberOfTries ; c++)
{
RefreshRates();
ticket=OrderSend(Symbol(),OP_SELL,pLots,Bid,sp,StopShort(Ask,sl),TakeShort(Ask,tp),pComment,pMagic,pExpiration,pColor);
if (ticket > 0) break;
err=GetLastError();
if(err==0)
{
break;
}
else
{
if(err==4 || err==137 ||err==146 || err==136) //Busy errors
{
Sleep(5000);
continue;
}
else //normal error
{
Print("Error Code= ", err);
break;
}
}
}
break;
}
return(ticket);
}
double StopLong(double price,int stop)
{
if(stop==0)
return(0);
else
return(price-(stop*Point));
}
double StopShort(double price,int stop)
{
if(stop==0)
return(0);
else
return(price+(stop*Point));
}
double TakeLong(double price,int take)
{
if(take==0)
return(0);
else
return(price+(take*Point));
}
double TakeShort(double price,int take)
{
if(take==0)
return(0);
else
return(price-(take*Point));
}
Sample
Analysis
Market Information Used:
Series array that contains close prices for each bar
Indicator Curves created:
Indicators Used:
Moving average indicator
Relative strength index
Parabolic Stop and Reverse system
Custom Indicators Used:
Order Management characteristics:
Checks for the total of open orders
It can change open orders parameters, due to possible stepping strategy
It Closes Orders by itself
It automatically opens orders when conditions are reached
Other Features:
