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Autotrade - expert for MetaTrader 5

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Published by:
Vladimir Karputov
votes: 18
2017.03.02 09:53
Autotrade.mq5 (22.18 KB)view

Two pending orders (BuyStop and SellStop) are placed with the specified expiration.

Author of the idea — John Smithauthor of the MQL5 code — barabashkakvn.  

Operation Start 

Placing two pending orders:

Autotrade start

Then we expect operation with only one position — if two positions are opened for any reason, both of them should be deleted:

//--- Control: the EA must work simultaneously with only one position
      if(count_buy>1 || count_sell>1 || count_buy+count_sell>1)
         CloseAllPositions(); // Close all positions if anything goes wrong
         return;              // Exit

Managing the open position.

First we check if minimum profit is reached. At the same time, the size of bar 1 must be less than "stabilization of points". If the condition is met, close the position and exit.

               if(m_position.Profit()>MinProfit && MathAbs(iClose(1)-iOpen(1))<=ExtStabilization)

Second check — checking simultaneously if absolute profit or loss is reached. If condition is met, close the position.

               if(m_position.Profit()>=AbsoluteFixation || m_position.Profit()<=-AbsoluteFixation)

Results on  EURUSD, H1 from 2016.06.01 to 2016.12.21:

Autotrade test 

Translated from Russian by MetaQuotes Software Corp.
Original code:

2MA_4Level 2MA_4Level

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The EA places pending stop orders BUY_STOP and SELL_STOP.

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