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

Published by:: Vladimir Karputov
Views:: 8489
Rating:: (25)
Published:: 2017.03.02 09:53
Updated:: 2018.06.25 15:20

Autotrade.mq5 (20.44 KB) view

Download as ZIP, How to download code from MetaEditor

: Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

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

Author of the idea — John Smith, author 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(total>1)
     {
      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)
                 {
                  m_trade.PositionClose(m_position.Ticket());
                  DeleteOrders(ORDER_TYPE_SELL_STOP);
                  return;
                 }

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)
                 {
                  m_trade.PositionClose(m_position.Ticket());
                  DeleteOrders(ORDER_TYPE_SELL_STOP);
                 }

Results on EURUSD, H1 from 2016.06.01 to 2016.12.21:

Autotrade test

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/17246

2MA_4Level

The Expert Advisor uses the values of two iMA (Moving Average, MA) indicators.

Altarius RSI Stohastic

Uses two iStochastic (Stochastic Oscillator) indicators and one iRSI (RSI, Relative Strength Index). Calculates the lot size based on the analysis of closed trades.

BIG DOG

The EA places pending stop orders BUY_STOP and SELL_STOP.

Reconstruction of positions

An example of working with the trading history on Hedge accounts — reconstruction of positions.

Autotrade - expert for MetaTrader 5