PIP Entry Filter For MT-4

[Forex Trader]

Does anybody have the code, or how to add a PIP filter to MT-4. For example when sma crosses wma wait 5 pips before opening trade.

Thanks
Mike

[Forex Trader]

Simple method for this is to calculate difference between two MA - result is in PIPS. Perhaps it is not exactly what you want but it's easy to code.

regards

Rafael

[Forex Trader]

Simple method for this is to calculate difference between two MA - result is in PIPS. Perhaps it is not exactly what you want but it's easy to code.

regards

Rafael

Do you mean bars back???

Thank you
Mike

[Forex Trader]

Does anybody have the code, or how to add a PIP filter to MT-4. For example when sma crosses wma wait 5 pips before opening trade.

Thanks
Mike

I understand that you want to wait for price move 5 pips from the moment of cross of indicators. This is complex to calculate, but calculation of MA1(i)-MA2(i)>5pips is simple. Similar technique is provided with MACD expert example .

[Forex Trader]

1) get the price ant the moment of the cross and save it in avarable X

2) put an IF condition that open the trade when price (bid or ask depend if the order short or long) price==X+5;

i hope i helped you

[Forex Trader]

1) get the price ant the moment of the cross and save it in avarable X

2) put an IF condition that open the trade when price (bid or ask depend if the order short or long) price==X+5;

i hope i helped you

Thank You Much

Mike