//+------------------------------------------------------------------ //| StopReversal.mq4 //| //| //| Conversion only Dr. Gaines //| dr_richard_gaines@yahoo.com //| //+------------------------------------------------------------------ #property copyright " Dominic." #property link " http://www.metaquotes.net/" #property indicator_chart_window #include <stdlib.mqh> #property indicator_buffers 2 #property indicator_color1 Lime #property indicator_width1 2 #property indicator_color2 Red #property indicator_width2 2 //+------------------------------------------------------------------ //| Common External variables //+------------------------------------------------------------------ //+------------------------------------------------------------------ //| External variables //+------------------------------------------------------------------ extern double nPips = 0.001; //+------------------------------------------------------------------ //| Special Convertion Functions //+------------------------------------------------------------------ int LastTradeTime; double ExtHistoBuffer[]; double ExtHistoBuffer2[]; void SetLoopCount(int loops) { } void SetIndexValue(int shift, double value) { ExtHistoBuffer[shift] = value; } void SetIndexValue2(int shift, double value) { ExtHistoBuffer2[shift] = value; } //+------------------------------------------------------------------ //| End //+------------------------------------------------------------------ //+------------------------------------------------------------------ //| Initialization //+------------------------------------------------------------------ int init() { SetIndexStyle(0, DRAW_ARROW, STYLE_SOLID); SetIndexArrow(0, 233); SetIndexBuffer(0, ExtHistoBuffer); SetIndexStyle(1, DRAW_ARROW, STYLE_SOLID); SetIndexArrow(1, 234); SetIndexBuffer(0, ExtHistoBuffer); SetIndexBuffer(1, ExtHistoBuffer2); return(0); } int start() { //+------------------------------------------------------------------ //| Local variables //+------------------------------------------------------------------ int shift = 0; double cnt = 0; double TrStopLevel = 0; double PREV = 0; double pass = 0; SetLoopCount(0); // loop from first bar to current bar (with shift=0) for(shift=Bars-2;shift>=0 ;shift--){ if( (Close[shift] == PREV) ) { TrStopLevel=PREV; } else { if( (Close[shift+1])<PREV && (Close[shift]<PREV) ) { TrStopLevel=MathMin(PREV,Close[shift]*(1+nPips)); } else { if( ((Close[shift+1])>PREV) && (Close[shift]>PREV) ) { TrStopLevel=MathMax(PREV,Close[shift]*(1-nPips)); } else { if( (Close[shift]>PREV) ) { TrStopLevel=Close[shift]*(1-nPips); } else TrStopLevel=Close[shift]* (1+nPips); } } } if( Close[shift] > TrStopLevel && Close[shift+1]<PREV && PREV != 0 ) { //SetOrder(OP_BUY,1,ask,2,0,ask+TakeProfit*Point,blue); //Alert("buy"); SetIndexValue(shift, TrStopLevel); } if( Close[shift] < TrStopLevel && Close[shift+1]>PREV && PREV != 0 ) { //SetOrder(OP_SELL,1,bid,2,0,bid-TakeProfit*Point,Red); SetIndexValue2(shift, TrStopLevel); //Alert("Sell"); } PREV=TrStopLevel; //Alert(TrStopLevel); } return(0); } //+------------------------------------------------------------------+
Sample
Analysis
Market Information Used:
Series array that contains close prices for each bar
Indicator Curves created:
Implements a curve of type DRAW_ARROW
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Other Features: