//+------------------------------------------------------------------+ //| MTS | //| Goal: Follow SAR with RSI | //| Timeframe: Start with H1 | //| Author: FrankC | //+---------------------------------------------------------------------------+ extern double TakeProfit = 40; extern double Lots = 1; extern double TrailingStop = 20; extern double StopLoss = 40; //+------------------------------------------------------------------+ //| | //+------------------------------------------------------------------+ int start() { int cnt, ticket, total,CurrentTrades=0; int risk=3; double O,C,H,L,O1,C1,H1,L1,O2,C2,H2,L2,sl,sarNow,sarBefore,rsiNow,rsiBefore,lotMM; int maxTrades=6, maxTradesPerPair=1; double marg=2*Point; datetime prevtime=0; // initial data checks if(Bars<100) { Print("bars less than 100"); return(0); } if(TakeProfit<10) { Print("TakeProfit less than 10"); return(0); // check TakeProfit } //Define the beginning of a new bar if(prevtime == Time[0]) return(0); prevtime = Time[0]; sarNow = iSAR(NULL,0,0.05,0.5,0); sarBefore = iSAR(NULL,0,0.05,0.5,1); rsiNow = iRSI(NULL,0,14,PRICE_CLOSE,0); rsiBefore = iRSI(NULL,0,14,PRICE_CLOSE,1); O=iOpen(NULL,0,0); C=iClose(NULL,0,0); H=iHigh(NULL,0,0); L=iLow(NULL,0,0); O1=iOpen(NULL,0,1); C1=iClose(NULL,0,1); H1=iHigh(NULL,0,1); L1=iLow(NULL,0,1); O2=iOpen(NULL,0,2); C2=iClose(NULL,0,2); H2=iHigh(NULL,0,2); L2=iLow(NULL,0,2); // ================================================== =============================== // PYRAMIDING - LINEAR // Money Management risk exposure compounding // ================================================== =============================== lotMM = (MathCeil(AccountBalance() * risk / 10000) / 10); if (lotMM < 0.1) lotMM = Lots; if (lotMM > 1.0) lotMM = MathCeil(lotMM); //============ Check for open orders ===================================== total=OrdersTotal(); if (total < 6) { for(cnt=0;cnt<total||total<1;cnt++) { OrderSelect(cnt, SELECT_BY_POS, MODE_TRADES); if(OrderSymbol() != Symbol()) { if(AccountFreeMargin()<(1000*Lots)) { Print("We have no money. Free Margin = ", AccountFreeMargin()); return(0); } // ===== check for long position (BUY) possibility if((C > sarBefore+marg) && (rsiNow > 50) && (rsiNow > rsiBefore) && (sarNow < O)) { ticket=OrderSend(Symbol(),OP_BUY,lotMM,Ask,3,Bid-StopLoss*Point,Ask+TakeProfit*Point,"MTS",86731,0,Green); if(ticket>0) { if(OrderSelect(ticket,SELECT_BY_TICKET,MODE_TRADES )) Comment("BUY order opened : ",OrderOpenPrice()); } else Print("Error opening BUY order : ",GetLastError()); return(0); } // end of if for BUY position // ===== check for short position (SELL) possibility if((C < sarBefore+marg) && (rsiNow < 50) && (rsiNow < rsiBefore) && (sarNow > O)) { ticket=OrderSend(Symbol(),OP_SELL,lotMM,Bid,3,Ask+ StopLoss*Point,Bid-TakeProfit*Point,"MTS",86731,0,Red); if(ticket>0) { if(OrderSelect(ticket,SELECT_BY_TICKET,MODE_TRADES )) Comment("SELL order opened : ",OrderOpenPrice()); } else Print("Error opening SELL order : ",GetLastError()); return(0); } // end of if for SHORT position return(0); } } } // end of it total < 6 //============ ORDER MANAGEMENT =============================== for(cnt=0;cnt<total||total<1;cnt++) { OrderSelect(cnt, SELECT_BY_POS, MODE_TRADES); if(OrderType()<=OP_SELL && // check for opened position OrderSymbol() == Symbol()) // check for symbol { if(OrderType()==OP_BUY) // long position is opened { // should it be closed? if((C < sarBefore+marg) || (rsiNow < 50)) { OrderClose(OrderTicket(),OrderLots(),Bid,3,Violet) ; // close position return(0); // exit } // 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 { // should it be closed? if((C > sarBefore+marg) || (rsiNow > 50)) { OrderClose(OrderTicket(),OrderLots(),Ask,3,Violet) ; // close position return(0); // exit } // 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); } // end of int start()
Sample
Analysis
Market Information Used:
Series array that contains open time of each bar
Series array that contains open prices of each bar
Series array that contains close prices for each bar
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:
Parabolic Stop and Reverse system
Relative strength index
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: