EA Based on Price Movement
Hi Guys,
Can someone please help me by making a simple EA...which places a BUY order few pips away from the current price.....e.g GBPUSD is 1.8000 what I want EA to do is place BUY order if price goes to 1.8100 and place SELL order if the price drops to 1.7900 with trailing stop.......i dont know what do you call this type of trading.....
Thanks in Advance
BabarBabar,
It's call a "Pending Order"
Please use this function to open a pending order:
{
int ticket=0;
int err=0;
int c = 0;
switch (pType)
{
case OP_BUYLIMIT:
for(c = 0 ; c < NumberOfTries ; c++)
{
ticket=OrderSend(Symbol(),OP_BUYLIMIT,pLots,Ask-pLevel*Point,sp,(Ask-pLevel*Point)-sl*Point,(Ask-pLevel*Point)+tp*Point,pComment,pMagic,pExpiration,pColor);
err=GetLastError();
if(err==0)
{
break;
}
else
{
if(err==4 || err==137 ||err==146 || err==136) //Busy errors
{
Sleep(5000);
continue;
}
else //normal error
{
break;
}
}
}
break;
case OP_BUYSTOP:
for(c = 0 ; c < NumberOfTries ; c++)
{
ticket=OrderSend(Symbol(),OP_BUYSTOP,pLots,Ask+pLevel*Point,sp,(Ask+pLevel*Point)-sl*Point,(Ask+pLevel*Point)+tp*Point,pComment,pMagic,pExpiration,pColor);
err=GetLastError();
if(err==0)
{
break;
}
else
{
if(err==4 || err==137 ||err==146 || err==136) //Busy errors
{
Sleep(5000);
continue;
}
else //normal error
{
break;
}
}
}
break;
case OP_SELLLIMIT:
for(c = 0 ; c < NumberOfTries ; c++)
{
ticket=OrderSend(Symbol(),OP_SELLLIMIT,pLots,Bid+pLevel*Point,sp,(Bid+pLevel*Point)+sl*Point,(Bid+pLevel*Point)-tp*Point,pComment,pMagic,pExpiration,pColor);
err=GetLastError();
if(err==0)
{
break;
}
else
{
if(err==4 || err==137 ||err==146 || err==136) //Busy errors
{
Sleep(5000);
continue;
}
else //normal error
{
break;
}
}
}
break;
case OP_SELLSTOP:
for(c = 0 ; c < NumberOfTries ; c++)
{
ticket=OrderSend(Symbol(),OP_SELLSTOP,pLots,Bid-pLevel*Point,sp,(Bid-pLevel*Point)+sl*Point,(Bid-pLevel*Point)-tp*Point,pComment,pMagic,pExpiration,pColor);
err=GetLastError();
if(err==0)
{
break;
}
else
{
if(err==4 || err==137 ||err==146 || err==136) //Busy errors
{
Sleep(5000);
continue;
}
else //normal error
{
break;
}
}
}
break;
}
return(ticket);
}
Thanks CodersGuru,
now how can I get the coding for trailing stop.....can you please help me making this EA....
Thanks
Babar
Hi Guys,
Can someone please help me by making a simple EA...which places a BUY order few pips away from the current price.....e.g GBPUSD is 1.8000 what I want EA to do is place BUY order if price goes to 1.8100 and place SELL order if the price drops to 1.7900 with trailing stop.......i dont know what do you call this type of trading.....
Thanks in Advance
BabarHi Babar, then what you do with the trade ? If price goes to 1.8100 and fill your BUY order, then move back to 1.8000, what to do ? If price retrace back all the way to fill the SELL order at 1.7900, what to do ? Hope you could give more entry rule / trading plan for this strategy. Just my two cents 
Hi Dave ,
Can you please help me in this EA.......Thanks
Babar
Come on guy ....can you please help me making this EA..........
Thanks in Advance
Babar
You might find this to be interesting:
http://www.metaquotes.ru/forum/6950/
It might be exactly what you're looking for...
I hope it helps! 
CG - You Rule! Thanks for the Error Handling gem!
{
case OP_BUYLIMIT:
for(c = 0 ; c < NumberOfTries ; c++)
{
ticket=OrderSend(Symbol(),OP_BUYLIMIT,pLots,Ask-pLevel*Point,sp,(Ask-pLevel*Point)-sl*Point,(Ask-pLevel*Point)+tp*Point,pComment,pMagic,pExpiration,pColor);
err=GetLastError();
if(err==0)
{
break;
}
else
{
if(err==4 || err==137 ||err==146 || err==136) //Busy errors
{
Sleep(5000);
continue;
}
else //normal error
{
break;
}
}
}
break;
case OP_BUYSTOP:
for(c = 0 ; c < NumberOfTries ; c++)
{
ticket=OrderSend(Symbol(),OP_BUYSTOP,pLots,Ask+pLevel*Point,sp,(Ask+pLevel*Point)-sl*Point,(Ask+pLevel*Point)+tp*Point,pComment,pMagic,pExpiration,pColor);
err=GetLastError();
if(err==0)
{
break;
}
else
{
if(err==4 || err==137 ||err==146 || err==136) //Busy errors
{
Sleep(5000);
continue;
}
else //normal error
{
break;
}
}
}
break;SUPER! THANK YOU!
You might find this to be interesting:
http://www.metaquotes.ru/forum/6950/
It might be exactly what you're looking for...
I hope it helps! Cool Stuff
Thanks
Babar
help with LIMIT ORDERS embedded
,,dear friends i have this ea but as i tested it i observed
that the price retraces too much so i decided to put embedded
a LIMIT ORDER in "Order == SIGNAL_BUY" according what is in
this thread but so far it is not buying could someone correct
the code as i am just a beggineer,, i got the code for this ea from
EABuilder,,
i will appreciate someone can correct the code for the BUYLIMIT
i will procced accordingly with the SELLLIMIT,, i guess ther
problem is within the iteration,,
//| This MQL is generated by Expert Advisor Builder |
//| http://sufx.core.t3-ism.net/ExpertAdvisorBuilder/ |
//| |
//| In no event will author be liable for any damages whatsoever. |
//| Use at your own risk. |
//| |
//| Please do not remove this header. |
//+------------------------------------------------------------------+
#property copyright "Expert Advisor Builder"
#property link "http://sufx.core.t3-ism.net/ExpertAdvisorBuilder/"
extern int MagicNumber = 0;
extern bool SignalMail = False;
extern bool EachTickMode = True;
extern double Lots = 0.1;
extern double pLevel = 5;
extern int Slippage = 1;
extern bool StopLossMode = True;
extern int StopLoss = 8;
extern bool TakeProfitMode = True;
extern int TakeProfit = 18;
extern bool TrailingStopMode = False;
extern int TrailingStop = 30;
extern string pComment="";
extern int pMagic=123;
extern datetime pExpiration=0;
extern color pColor=Yellow;
#define SIGNAL_NONE 0
#define SIGNAL_BUY 1
#define SIGNAL_SELL 2
#define SIGNAL_CLOSEBUY 3
#define SIGNAL_CLOSESELL 4
int BarCount;
int Current;
int err=0;
int c = 0;
extern int NumberofTries = 100;
bool TickCheck = False;
//+------------------------------------------------------------------+
//| expert initialization function |
//+------------------------------------------------------------------+
int init() {
BarCount = Bars;
if (EachTickMode) Current = 0; else Current = 1;
return(0);
}
//+------------------------------------------------------------------+
//| expert deinitialization function |
//+------------------------------------------------------------------+
int deinit() {
return(0);
}
//+------------------------------------------------------------------+
//| expert start function |
//+------------------------------------------------------------------+
int start() {
int Order = SIGNAL_NONE;
int Total, Ticket;
double StopLossLevel, TakeProfitLevel;
if (EachTickMode && Bars != BarCount) TickCheck = False;
Total = OrdersTotal();
Order = SIGNAL_NONE;
//+------------------------------------------------------------------+
//| Variable Begin |
//+------------------------------------------------------------------+
double Buy1_1 = iClose(NULL, 0, Current + 0);
double Buy1_2 = iCustom(NULL, 0, "StopReversalv2", 0, Current + 0);
double Buy2_1 = iClose(NULL, 0, Current + 1);
double Buy2_2 = iCustom(NULL, 0, "StopReversalv2", 0, Current + 1);
double Buy3_1 = iCustom(NULL, 0, "StopReversalv2", 0, Current + 1);
double Buy3_2 = 0;
double Buy4_1 = iStochastic(NULL, 0, 5, 3, 3, MODE_SMA, 0, MODE_MAIN, Current + 0);
double Buy4_2 = iStochastic(NULL, 0, 5, 3, 3, MODE_SMA, 0, MODE_SIGNAL, Current + 0);
double Buy5_1 = iRSI(NULL, PERIOD_M15, 14, PRICE_CLOSE, Current + 0);
double Buy5_2 = iRSI(NULL, 0, 14, PRICE_CLOSE, Current + 1);
double Buy6_1 = iStochastic(NULL, PERIOD_H4, 5, 3, 3, MODE_SMA, 0, MODE_MAIN, Current + 0);
double Buy6_2 = iStochastic(NULL, PERIOD_H4, 5, 3, 3, MODE_SMA, 0, MODE_SIGNAL, Current + 0);
double Sell1_1 = iClose(NULL, 0, Current + 0);
double Sell1_2 = iCustom(NULL, 0, "StopReversalv2", 0, Current + 0);
double Sell2_1 = iClose(NULL, 0, Current + 1);
double Sell2_2 = iCustom(NULL, 0, "StopReversalv2", 0, Current + 1);
double Sell3_1 = iCustom(NULL, 0, "StopReversalv2", 0, Current + 1);
double Sell3_2 = 0;
double Sell4_1 = iStochastic(NULL, 0, 5, 3, 3, MODE_SMA, 0, MODE_MAIN, Current + 0);
double Sell4_2 = iStochastic(NULL, 0, 5, 3, 3, MODE_SMA, 0, MODE_SIGNAL, Current + 0);
double Sell5_1 = iStochastic(NULL, 0, 5, 3, 3, MODE_SMA, 0, MODE_SIGNAL, Current + 0);
double Sell5_2 = 0.25;
double Sell6_1 = iRSI(NULL, PERIOD_M15, 14, PRICE_CLOSE, Current + 0);
double Sell6_2 = iRSI(NULL, 0, 14, PRICE_CLOSE, Current + 1);
double Sell7_1 = iStochastic(NULL, PERIOD_H4, 5, 3, 3, MODE_SMA, 0, MODE_MAIN, Current + 0);
double Sell7_2 = iStochastic(NULL, PERIOD_H4, 5, 3, 3, MODE_SMA, 0, MODE_SIGNAL, Current + 0);
//+------------------------------------------------------------------+
//| Variable End |
//+------------------------------------------------------------------+
//Check position
bool IsTrade = False;
for (int i = 0; i < Total; i ++) {
OrderSelect(i, SELECT_BY_POS, MODE_TRADES);
if(OrderType() <= OP_SELL && OrderSymbol() == Symbol()) {
IsTrade = True;
if(OrderType() == OP_BUY) {
//Close
//+------------------------------------------------------------------+
//| Signal Begin(Exit Buy) |
//+------------------------------------------------------------------+
//+------------------------------------------------------------------+
//| Signal Begin(Entry) |
//+------------------------------------------------------------------+
if (Buy1_1 > Buy1_2 && Buy2_1 Buy4_2 && Buy5_1 > Buy5_2 && Buy6_1 > Buy6_2) Order = SIGNAL_BUY;
if (Sell1_1 Sell2_2 && Sell3_1 != Sell3_2 && Sell4_1 Sell5_2 && Sell6_1 < Sell6_2 && Sell7_1 < Sell7_2) Order = SIGNAL_SELL;
//+------------------------------------------------------------------+
//| Signal End |
//+------------------------------------------------------------------+
//Buy
if (Order == SIGNAL_BUY && ((EachTickMode && !TickCheck) || (!EachTickMode && (Bars != BarCount)))) {
if(!IsTrade) {
//Check free margin
if (AccountFreeMargin() < (1000 * Lots)) {
Print("We have no money. Free Margin = ", AccountFreeMargin());
return(0);
}
for(c = 0 ; c < NumberofTries ; c++)
{
if (StopLossMode) StopLossLevel = Ask - StopLoss * Point; else StopLossLevel = 0.0;
if (TakeProfitMode) TakeProfitLevel = Ask + TakeProfit * Point; else TakeProfitLevel = 0.0;
Ticket = OrderSend(Symbol(), OP_BUYLIMIT, Lots, Ask-pLevel*Point, Slippage, StopLossLevel, TakeProfitLevel, "Buy(#" + MagicNumber + ")", MagicNumber, 0, DodgerBlue);
if(Ticket > 0) {
if (OrderSelect(Ticket, SELECT_BY_TICKET, MODE_TRADES)) {
Print("BUY order opened : ", OrderOpenPrice());
if (SignalMail) SendMail("[Signal Alert]", "[" + Symbol() + "] " + DoubleToStr(Ask, Digits) + " Open Buy");
} else {
Print("Error opening BUY order : ", GetLastError());
}
}
err=GetLastError();
if(err==0)
{
break;
}
else
{
if(err==4 || err==137 ||err==146 || err==136) //Busy errors
{
Sleep(5000);
continue;
}
else //normal error
{
break;
}
}
}
if (EachTickMode) TickCheck = True;
if (!EachTickMode) BarCount = Bars;
return(0);
}
}
//Sell
if (Order == SIGNAL_SELL && ((EachTickMode && !TickCheck) || (!EachTickMode && (Bars != BarCount)))) {
if(!IsTrade) {
//Check free margin
if (AccountFreeMargin() < (1000 * Lots)) {
Print("We have no money. Free Margin = ", AccountFreeMargin());
return(0);
}
if (StopLossMode) StopLossLevel = Bid + StopLoss * Point; else StopLossLevel = 0.0;
if (TakeProfitMode) TakeProfitLevel = Bid - TakeProfit * Point; else TakeProfitLevel = 0.0;
Ticket = OrderSend(Symbol(), OP_SELL, Lots, Bid, Slippage, StopLossLevel, TakeProfitLevel, "Sell(#" + MagicNumber + ")", MagicNumber, 0, DeepPink);
if(Ticket > 0) {
if (OrderSelect(Ticket, SELECT_BY_TICKET, MODE_TRADES)) {
Print("SELL order opened : ", OrderOpenPrice());
if (SignalMail) SendMail("[Signal Alert]", "[" + Symbol() + "] " + DoubleToStr(Bid, Digits) + " Open Sell");
} else {
Print("Error opening SELL order : ", GetLastError());
}
}
if (EachTickMode) TickCheck = True;
if (!EachTickMode) BarCount = Bars;
return(0);
}
}
if (!EachTickMode) BarCount = Bars;
return(0);
}
//+------------------------------------------------------------------+Thank You very much in advance,,
Mille
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
You agree to website policy and terms of use
Hi Guys,
Can someone please help me by making a simple EA...which places a BUY order few pips away from the current price.....e.g GBPUSD is 1.8000 what I want EA to do is place BUY order if price goes to 1.8100 and place SELL order if the price drops to 1.7900 with trailing stop.......i dont know what do you call this type of trading.....
Thanks in Advance
Babar