Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2006.01.18 22:10

gpfTCPivotStop - expert for MetaTrader 4

| English Русский 中文 Español Deutsch 日本語 Português

votes: 9
11.gif (38.98 KB)

    It is realized by the TS on breakdown of day time levels, which pay off on indicator Pivot.


  • it is traded on hour timeframe;
  • after 0 hours of current day, we count levels Pivot, Resist1, Resist2, Resist3, Support1, Support2, Support3;
  • after closing an hour candle above Pivot we make purchase and stoploss at level Support(n), takeprofit on Resist (n);
  • it is used trailing for carry of a stoploss to a point of breakeven;
  • sell - an hour candle is closed below Pivot, stoploss - Resist (n), takeprofit - Support (n).

    I explain value of some entrance parameters:

  • variable TgtProfit is levels of stops and profits and should have values 1, 2 or 3;
  • if TgtProfit = 1, that stoploss (byu/sell) = Resist1/Support1 and takeprofit (byu/sell) = Support1/Resist1;
  • if TgtProfit = 2, that stoploss (byu/sell) = Resist1/Support1 and takeprofit (byu/sell) = Support2/Resist2;
  • if TgtProfit = 3, that stoploss (byu/sell) = Resist2/Support2 and takeprofit (byu/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 stop or of profit;
  • 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 TS.

    Results of testing: not all pairs at use of this approach on breakdown send on a level of profitableness.

    In the following adviser it will be realized by the TS on a release from the same levels.

Translated from Russian by MetaQuotes Software Corp.
Original code:

Price Channel Price Channel

The Price Channel indicator calculates the highest high and lowest low of the trailing number of bars specified by the input Length.

Sell-Buy Alert Sell-Buy Alert

The indicator displays Buy/Sell arrows as the MACD or RVI indicators are changing.

Trade Orders History Charts Trade Orders History Charts

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

gpfTCPivotLimit gpfTCPivotLimit

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