Watch how to download trading robots for free
Find us on Facebook!
Join our fan page
Interesting script?
So post a link to it -
let others appraise it
You liked the script? Try it in the MetaTrader 5 terminal
Views:
37343
Rating:
(14)
Published:
2006.01.24 21:56
Updated:
2014.04.21 14:52
12.gif (39.98 KB)
Need a robot or indicator based on this code? Order it on Freelance Go to Freelance


    It is realized by the Trading System on a release from intraday time levels, which pay off on indicator Pivot.

    Trading:

  • it is traded on hour timeframe;
  • after 0 hours of current day, we count levels Pivot, Resist1, Resist2, Resist3, Support1, Support2, Support3;
  • we make purchase after testing level Support (n) by hour candle (T-2) and closing of candle (T-1) above this level, and place stoploss on level Support(n1), takeprofit - on level Resist(n). Т - time of current hour;
  • is used trailing for carry of a stoploss to a point of break-even;
  • we make sale, on the contrary, when an hour candle (T-2) tests Resist(n) and the candle (T-1) is closed below the same level, and place stoploss on level Resist(n1), takeprofit - onSupport(n).

    I explain value of some entrance parameters:

  • variable TgtProfit sets levels of stoplosses/takeprofits and can have values from 1 up to 5;
  • if TgtProfit = 1, that a tested level (buy/sell) = Resist1/Support1, stoploss (byu/sell) = Resist2/Support2, takeprofit (buy/sell) = Suppor1/Resist1;
  • if TgtProfit = 2, that a tested level (buy/sell) = Resist1/Support1, stoploss (buy/sell) = Resist2/Support2, takeprofit (buy/sell) = Support2/Resist2;
  • if TgtProfit = 3, that a tested level (buy/sell) = Resist2/Support2, stoploss (buy/sell) = Resist3/Support3, takeprofit (buy/sell) = Support1/Resist1;
  • if TgtProfit = 4, that a tested level (buy/sell) = Resist2/Support2, stoploss (buy/sell) = Resist3/Support3, takeprofit (buy/sell) = Support2/Resist2;
  • if TgtProfi t= 5, that a tested level (buy/sell) = Resist2/Support2, stoploss (buy/sell) = Resist3/Support3, takeprofit (buy/sell) = Support3/Resist3;
  • the variable isTradeDay defines, that as the open positions will be closed. If isTradeDay = true, the open warrants will be compulsorily closed on the termination of day, else warrants will be in the market yet will be closed on stoploss or takeprofit;
  • at installation value of a variable isTrace = True in a broad gully the file is carried out record of the every possible debugging information for debugging the Trade Systems.
.

    Results of testing: not all pairs at use of this approach on a release send on a positive level of profitableness. Basically positive profitableness has been reached at use trailing.


Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/8068

Trade Orders History Charts Trade Orders History Charts

This script takes orders from trade history and places arrows on chart for trades.

gpfTCPivotStop gpfTCPivotStop

It is realized by the Trade Sistem on breakdown of day time levels which pay off on indicator Pivot

Coffie v1 Coffie v1

Indicator that can be used for entry and exit.

ShadeNY v5 ShadeNY v5

Shades New York or other exchange while in session. SetImmediacyON parameter allows shading after fi