Some questions about Pending orders

[[Deleted]]

Hi Guys,

I need some help with pending orders. For open a pending order I´am using Predefined variables open, close, low and high. When conditions are complete OrderSend start opening pending orders. One for every price change until new bar. But I want only one order for one bar, not for every price.

Can you advice me some function or solution?

small example:

enter=Low[1]-(40*Point)-(Close[1]-Low[1]);

OrderSend(Symbol(), OP_SELLLIMIT, 0.01, enter, roz*Point, SL, TP, NULL, 0, 0, CLR_NONE);

Sorry for my english and thank you for your help.

[Ubzen]

But I want only one order for one bar, not for every price.

Use a TimeStamp.

static int TimeStamp;
if(TimeStamp != Time[0]){
  OrderSend(...);
  TimeStamp=Time[0];
}

Something like that.

[William Roeder]

1. "40*point" is 4 pips on a 5 digit broker. You Must adjust TP, SL, AND slippage

   //++++ These are adjusted for 5 digit brokers.
   int     pips2points;    // slippage  3 pips    3=points    30=points
   double  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 * pips2dbl
   

   ---

2. On ECN brokers, you must open the order and THEN set the TP, SL
3. Always check error codes so you know WHY

   if (OrderSend(Symbol(), OP_SELLLIMIT, 0.01, enter, roz*Point, SL, TP, NULL, 0, 0, CLR_NONE) < 0)
      Alert("OrderSend failed: ", GetLastError());

   ---

4. What is MarketInfo(Symbol(), MODE_MINLOT)? on a micro account 0.01 may be too small.
5. enter=Low[1]-(40*Point)-(Close[1]-Low[1]); What is MarketInfo(Symbol(), MODE_STOPLEVEL)*Point? On IBFX it's 30 points 3 pips. You can't set a pending order any close to market than that.
   

[[Deleted]]

ubzen:

But I want only one order for one bar, not for every price.

Use a TimeStamp.

Something like that.

Thank you for respond, I´ll definetely try it.

[[Deleted]]

WHRoeder:

1. "40*point" is 4 pips on a 5 digit broker. You Must adjust TP, SL, AND slippage

   ---

2. On ECN brokers, you must open the order and THEN set the TP, SL
3. Always check error codes so you know WHY

   ---

4. What is MarketInfo(Symbol(), MODE_MINLOT)? on a micro account 0.01 may be too small.
5. enter=Low[1]-(40*Point)-(Close[1]-Low[1]); What is MarketInfo(Symbol(), MODE_STOPLEVEL)*Point? On IBFX it's 30 points 3 pips. You can't set a pending order any close to market than that.
   

If I good understand to your answer You think that I have problem with opening position but opposite is the true.

Only error I get is:

148

The amount of open and pending orders has reached the limit set by the broker.

Anyway thank you for answer.