/*-----------------------------+
| |
| Shared by www.Aptrafx.com |
| |
+------------------------------*/
//+------------------------------------------------------------------+
//| MFI + AO |
//+------------------------------------------------------------------+
#property copyright "Ron T"
#property link "http://www.lightpatch.com/forex"
// user input
extern double Lots=1.0;
extern int MFIPeriod=14;
extern int TakeProfit=60;
extern int StopLoss=15;
// These are externs just so they're easy to adjust
extern int AOBuyLevel=0;
extern int AOSellLevel=0;
extern int MFIBuyLevel=50;
extern int MFISellLevel=50;
//Bar movement
double newbar=0;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//|------------------------------------------------------------------|
int init()
{
return(0);
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
double p=Point();
int cnt=0;
bool found=false;
bool rising=false;
bool falling=false;
bool cross=false;
double barmove0, barmove1;
double i0, i1, i2, i3;
// Error checking
if(AccountFreeMargin()<(1000*Lots)) {Print("-----NO MONEY"); return(0);}
if(Bars<100) {Print("-----NO BARS "); return(0);}
// do nothing unless the bar moved
if (newbar == Time[0]) { return(0);}
// bar moved, update time
newbar=Time[0];
// One order per Symbol
for(cnt=OrdersTotal();cnt>=0;cnt--)
{
OrderSelect(cnt, SELECT_BY_POS, MODE_TRADES);
if( OrderSymbol()==Symbol() )
{
return(0);
}
}
// finally we can compute a few things
i2=iAO(Symbol(),0,0);
i3=iMFI(Symbol(),0,MFIPeriod,0);
//Long AO above 0 and MFI above 60
if (i2>AOBuyLevel && i3>=MFIBuyLevel)
{
OrderSend(Symbol(),OP_BUY,Lots,Ask,3,Ask-(StopLoss*p),Ask+(TakeProfit*p),"ZMRLQVYX",11123,0,White);
}
//Short AO below 0 and MFI below 40
if (i2<AOSellLevel && i3<=MFISellLevel)
{
OrderSend(Symbol(),OP_SELL,Lots,Bid,3,Ask+(StopLoss*p),Ask-(TakeProfit*p),"ZMRLQVYX",11321,0,Red);
}
return(0);
}
//+------------------------------------------------------------------+
Sample
Analysis
Market Information Used:
Series array that contains open time of each bar
Indicator Curves created:
Indicators Used:
Bill Williams Awesome oscillator
Money flow index
Custom Indicators Used:
Order Management characteristics:
Checks for the total of open orders
It automatically opens orders when conditions are reached
Other Features: