//+------------------------------------------------------------------+
//| Profit Generator.mq4 |
//| No Copyright, created in 2006, Open Source |
//| http://www.forex-tsd.com |
//| Works best on Daily timeframes. Possibly H4 and Weekly. |
//| Freely receive, Freely give. Please post updated version. |
//+------------------------------------------------------------------+
#property copyright "Created in 2006, Open Source Project"
#property link "http://www.forex-tsd.com"
extern int MaxTrades=1;
extern double lots=1.0;
extern int stoploss=30,takeprofit=40;
extern bool UseHourTrade = False;
extern int FromHourTrade = 8;
extern int ToHourTrade = 18;
int ID=983783;
void deinit() {
Comment("");
}
int orderscnt(){
int cnt=0;
for(int i =0;i<OrdersTotal();i++){
if(OrderSelect(i,SELECT_BY_POS,MODE_TRADES)){
if(OrderSymbol()==Symbol() && ID==OrderMagicNumber()){
cnt++;
}
}
}
return(cnt);
}
int start()
{
if (UseHourTrade){
if(!(Hour()>=FromHourTrade&&Hour()<=ToHourTrade)){
Comment("Non-Trading Hours!");
return(0);
}
}
double sl,tp;
if (Period() < 30) {Comment("change to M30 or higher pls"); return(0); }
if (MathMod(Minute(),Period()) >= 0.5*Period()) return(0);
if ((High[0]-Low[0])>10*Point && Open[0]<(High[0]+Low[0])/2 && Ask < Open[0]){
if(orderscnt()<MaxTrades){
if(stoploss==0){sl=0;}else{sl=Bid-stoploss*Point;}
if(takeprofit==0){tp=0;}else{tp=Bid+takeprofit*Point;}
OrderSend(Symbol(),OP_BUY,lots,Ask,2,sl,tp,"Profit Generator",ID,0,Blue);
}
}
if ((High[0]-Low[0])>10*Point && Open[0]>(High[0]+Low[0])/2 && Bid > Open[0]){
if(orderscnt()<MaxTrades){
if(stoploss==0){sl=0;}else{sl=Ask+stoploss*Point;}
if(takeprofit==0){tp=0;}else{tp=Ask-takeprofit*Point;}
OrderSend(Symbol(),OP_SELL,lots,Bid,2,sl,tp,"Profit Generator",ID,0,Red);
}
}
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
Series array that contains open prices 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
Other Features:
