NewsTrading EA - I cannot get signals. Any help possibly?

EddieRoyals 2010.10.05 21:13

int cnt, ticket =0, ticket2=0, total;
extern int lot = 1;
extern int sl = 10;
extern int tp = 10;
extern int bias = 1; //we place our order x pips from current price

double orderAsk;
double orderBid;
string OrderCloseDate;

int init()
{
Print(MarketInfo(Symbol(), MODE_STOPLEVEL));
return(0);
}
int deinit()
{
return(0);
}
int start()
{

//we have to know the time and date of news publication
//I don't want to write what sombody else has written here https://www.mql5.com/en/articles/1502
//we can use this indicator to get the date and time of news publications
//I have put here some example date and
int newsDateYear = 2010;
int newsDateMonth = 10;
int newsDateDay = 5;
int newsDateHour = 23;
int newsDateMinute = 23;

//we need to open order before news publication
newsDateMinute -= 10; //10 minutes before publication
string orderOpenDate = newsDateDay + "-" + newsDateMonth + "-" + newsDateYear
+ " " + newsDateHour + ":" + newsDateMinute + ":00";
int currentYear = Year();
int currentMonth = Month();
int currentDay = Day();
int currentHour = Hour();
int currentMinute = Minute();

//we get current time
string currentDate = currentDay + "-" + currentMonth + "-" + currentYear
+ " " + currentHour + ":" + currentMinute + ":00";

if(orderOpenDate == currentDate)
{
//we place 2 orders: buy stop and sell stop
if(ticket < 1)
{
orderAsk = Ask - bias * Point;
orderBid = Bid - bias * Point;
ticket=OrderSend(Symbol(),OP_SELLSTOP,lot,orderBid,1,orderAsk+Point*sl,orderBid-tp*Point,"NewsTrader",2,0,Red);
}
if(ticket2 < 1)
{
orderAsk = Ask + bias * Point;
orderBid = Bid + bias * Point;
ticket2=OrderSend(Symbol(),OP_BUYSTOP,lot,orderAsk,1,orderBid-Point*sl,orderAsk+tp*Point,"NewsTrader",2,0,Green);
}
}

return(0);
}

William Roeder 2010.10.06 19:24 #1

```
orderAsk = Ask - bias * Point;
orderBid = Bid - bias * Point;
ticket=OrderSend(Symbol(),OP_SELLSTOP,lot,orderBid,1,orderAsk+Point*sl,orderBid-tp*Point,"NewsTrader",2,0,Red); 
```
You can't open pending orders closer than MarketInfo(Symbol(), MODE_STOPLEVEL)*Point from the market or MarketInfo( Symbol(), MODE_FREEZELEVEL )*Point. Usually 3pips/0 during news events likely much more.

On a 5 digit broker you must adjust your TP, SL, and slippage (2=0.2 pips)

//++++ These are adjusted for 5 digit brokers.
double  pips2points,    // slippage  3 pips    3=points    30=points
        pips2dbl;       // Stoploss 15 pips    0.0015      0.00150
int     Digits.pips;    // DoubleToStr(dbl/pips2dbl, Digits.pips)
int init(){
    if (Digits == 5 || Digits == 3){    // Adjust for five (5) digit brokers.
                pips2dbl    = Point*10; pips2points = 10;   Digits.pips = 1;
    } else {    pips2dbl    = Point;    pips2points =  1;   Digits.pips = 0; }
    // OrderSend(... Slippage.Pips * pips2points, Bid - StopLossPips * pips2db

You must refreshRates between server calls.
if ticket <0 Print GetLastError() so you know why.

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