Experts: Simple FX - page 2

[Deleted]  

i tried using it on my chart but quickly make losses and i dont know what going on. ur response is needed urgently.

thanks

Glenn Bacon
126
Glenn Bacon  
8267:

i tried using it on my chart but quickly make losses and i dont know what going on. ur response is needed urgently.

thanks


As I said above "Simple FX trades best attached to the daily D1 chart time frame. ".
[Deleted]  
CAn u put a stop loss in here please. im not a good coder and i think the stop loss would b best for me. thanks
[Deleted]  
CAn u put a stop loss in here please. im not a good coder and i think the stop loss would b best for me. thanks
[Deleted]  
CAn someone put a stop loss function in please im not good at codeing and i like this ea
Glenn Bacon
126
Glenn Bacon  
forexguy:
CAn u put a stop loss in here please. im not a good coder and i think the stop loss would b best for me. thanks

The changes below add a stop-loss and a take profit variable.


//+------------------------------------------------------------------+
//|                                                     simplefx.mq4 |
//|                             Copyright © 2007, GLENNBACON.COM LLC |
//|                                  http://www.GetForexSoftware.com |
//+------------------------------------------------------------------+
/*
   Simple FX source code, expert advisor and user manual are property of 
   GLENNBACON.COM LLC and may not be altered, used or sold in commercial
   products. The Simple FX source code itself may be altered and used in personal
   projects as long as the name GLENNBACON.COM LLC and 
   http://www.GetForexSoftware.com URL are left entacted and visible.
 
   Programmer: Glenn Bacon
   Note: Every programmer has their own style and format of writing code. I try
   to make the code as readable as possible by using indenting and tab nested code.
   There are comments throughout the source explaining what each block/line of code does.
   
   I always use brackets {} to contain my if else and for conditional statements. Some
   programmers use shortcuts I do not. I think more programmers should always use 
   brackets because it makes the code more readable. (bored reading this yet?)
   
   I also only create and use a couple of my own functions because if you create dozens of functions it
   makes the code more difficult to read.
 
   If you're not a programmer and have questions about the code do not email me about
   the code or what it does. If you are a programmer and have questions about this
   code I can be contacted by going to http://www.GetForexSoftware.com and navigate to our
   Customer Service page, it has a contact form.  
*/
 
#property copyright "Copyright © 2007, GLENNBACON.COM LLC"
#property link      "http://www.GetForexSoftware.com"
 
// Shift of moving average
#define Shift 1
 
// Trend Detection function
#define BULL 111111
#define BEAR 222222
 
// Input variables
extern string  comment2          = "*** Order Options ***";
extern double  Lots              = 0.10;
extern int     Stop_Loss         = 0;
extern int     Take_Profit       = 0;
extern int     Slippage          = 5;
extern string  Order_Comment     = "Simple FX";
extern int     Magic             = 112607;
extern color   Order_Arrow_Color = Green;
 
 
extern string  comment3          = "*** Moving Average Options ***";
extern int     Long_MA_Period    = 200;
extern int     Long_MA_Method    = 0;
extern int     Long_MA_Applied_Price = 4;
 
extern int     Short_MA_Period   = 50;
extern int     Short_MA_Method    = 0;
extern int     Short_MA_Applied_Price = 4;
 
// Global variables
int Total_Open_Orders = 1; // we only want to open one order at a time and only manage the one order
int cnt = 0;               // counter variable, used in for() loops
bool init_variables;       // init variable when program starts
datetime PreviousBar;      // record the candle/bar time
 
 
int init()
  {
   init_variables = true;  // Allows us to init variables in the start function because 
                           // we cannot do this in the init function because the variables 
                           // use values from the chart 
   return(0);
  }
int deinit()
  {
   // clear chart when EA is removed
   ObjectsDeleteAll();
   return(0);
  }
 
int start()
  {
      
   // moving average only run expert advisor if there is enough candle/bars in history
   if(Bars < Long_MA_Period+1)
   {
      if(IsTesting()==false)
      {
         Comment("Long moving average does not have enough Bars in history to open a trade!\n", 
               "Must be at least ",Long_MA_Period, " bars to perform technical analysis.");
      }
      else
      {
         Comment("Back testing currently Long moving average does not have enough Bars to open a trade.\n", 
               "Must be at least ",Long_MA_Period, " bars to perform technical analysis.\n",
               "Please be patient and wait...\n",
               "Bars in history ",Bars);
      }
      return(0);
   }
            
   // make sure trader has set Lots to at least the minimum lot size of the broker and 
   // we will normalize the Lots variable so we can properly open an order
   if(MarketInfo(Symbol(),MODE_MINLOT) == 0.01)
   {
      Lots = NormalizeDouble(Lots,2);
      if(Lots < 0.01)
      {
         Comment("The variable Lots must be 0.01 or greater to open an order. ");
         return(0);
      }
   }
   if(MarketInfo(Symbol(),MODE_MINLOT) == 0.1)
   {
      Lots = NormalizeDouble(Lots,1);
      if(Lots < 0.1)
      {
         Comment("The variable Lots must be 0.1 or greater to open an order. ");
         return(0);
      }
   }
   if(MarketInfo(Symbol(),MODE_MINLOT) == 1)
   {
      Lots = NormalizeDouble(Lots,0);
      if(Lots < 1)
      {
         Comment("The variable Lots must be 1 or greater to open an order. ");
         return(0);
      }
   }
         
   // init variables when the expert advisor first starts running
   if(init_variables == true)
   {
      PreviousBar = Time[0];     // record the current canle/bar open time
      
      // place code here that you only wnat to run one time
       
      init_variables = false;    // change to false so we only init variable once
   }
   
   // perform analysis and open orders on new candle/bar 
   if(NewBar() == true)
   {
      // only perform analysis and close order if we only have one order open
      if(TotalOpenOrders() == Total_Open_Orders && SelectTheOrder() == true)
      {
         if(OrderType() == OP_BUY && TrendDetection() == BEAR)
         {
            OrderClose(OrderTicket(),OrderLots(),Bid,Slippage,Order_Arrow_Color);
         }
         if(OrderType() == OP_SELL && TrendDetection() == BULL)
         {
            OrderClose(OrderTicket(),OrderLots(),Ask,Slippage,Order_Arrow_Color);
         }
      }
      
      // only perform analysis and open new order if we have not reached our Total_Open_Orders max
      if(TotalOpenOrders() < Total_Open_Orders)
      {
         // open buy
         if(TrendDetection() == BULL)
         {
            // open order
            OrderSend(Symbol(),OP_BUY,Lots,Ask,Slippage,Stop_Loss*Point,Take_Profit*Point,Order_Comment,Magic,0,Order_Arrow_Color);
         }
         
         // open sell
         if(TrendDetection() == BEAR)
         {
            // open order 
            OrderSend(Symbol(),OP_SELL,Lots,Bid,Slippage,Stop_Loss*Point,Take_Profit*Point,Order_Comment,Magic,0,Order_Arrow_Color);
         }
      }
      
      // when back testing only display chart info every candle/bar so we do not slow down back tests
      if(IsTesting() == true)
      {
         Display_Info();
      }
   }
      
   // when not back testing display chart info every tick
   if(IsTesting() == false)
   {
      Display_Info();
   }
   
   return(0);
  }
 
/////////////////////////////////////////////////////////////////////////
// Common functions                                                   //
///////////////////////////////////////////////////////////////////////
 
// This function returns the total amount of orders the expert advisor has open  
int TotalOpenOrders()
{
   cnt=OrdersTotal();
   int TotalOpenOrders = 0;
   
   if(cnt==0)
   {
      return(0);
   }
   else
   {
      for(;cnt>=0;cnt--)
      {
         RefreshRates();
         OrderSelect(cnt,SELECT_BY_POS);
         if(OrderMagicNumber()==Magic)
         {
            TotalOpenOrders++;
         }
      }
   }
   return(TotalOpenOrders);
}
 
// This function finds the open order and selects it 
int SelectTheOrder()
{
   cnt=OrdersTotal();
      
   if(cnt==0)
   {
      return(false);
   }
   else
   {
      for(;cnt>=0;cnt--)
      {
         RefreshRates();
         OrderSelect(cnt,SELECT_BY_POS);
         if(OrderMagicNumber()==Magic)
         {
            return(true);
         }
      }
   }
   return(false);
}
 
// This function return the value true if the current bar/candle was just formed
bool NewBar()
{
   if(PreviousBar<Time[0])
   {
      PreviousBar = Time[0];
      return(true);
   }
   else
   {
      return(false);
   }
   return(false);    // in case if - else statement is not executed
}
 
// is trend up/bullish or is it down/bearish
int TrendDetection()
{
   // BULL trend
   if(iMA(NULL,0,Short_MA_Period,0,Short_MA_Method,Short_MA_Applied_Price,0) > iMA(NULL,0,Long_MA_Period,0,Long_MA_Method,Long_MA_Applied_Price,0) && iMA(NULL,0,Short_MA_Period,0,Short_MA_Method,Short_MA_Applied_Price,1) > iMA(NULL,0,Long_MA_Period,0,Long_MA_Method,Long_MA_Applied_Price,1))
   {
      return(BULL);
   }
   
   // BEAR trend
   if(iMA(NULL,0,Short_MA_Period,0,Short_MA_Method,Short_MA_Applied_Price,0) < iMA(NULL,0,Long_MA_Period,0,Long_MA_Method,Long_MA_Applied_Price,0) && iMA(NULL,0,Short_MA_Period,0,Short_MA_Method,Short_MA_Applied_Price,1) < iMA(NULL,0,Long_MA_Period,0,Long_MA_Method,Long_MA_Applied_Price,1))
   {
      return(BEAR);
   }
      
   // flat no trend return 0
   return(0);
}
 
void Display_Info()
{
   Comment("Simple FX ver 1.0\n",
            "Copyright © 2007, GlennBacon.com, LLC\n",
            "Visit: www.GetForexSoftware.com\n",
            "Forex Account Server:",AccountServer(),"\n",
            "Account Balance:  $",AccountBalance(),"\n",
            "Lots:  ",Lots,"\n",
            "Symbol: ", Symbol(),"\n",
            "Price:  ",NormalizeDouble(Bid,4),"\n",
            "Pip Spread:  ",MarketInfo("EURUSD",MODE_SPREAD),"\n",
            "Date: ",Month(),"-",Day(),"-",Year()," Server Time: ",Hour(),":",Minute(),":",Seconds(),"\n",
            "Minimum Lot Size: ",MarketInfo(Symbol(),MODE_MINLOT));
   return(0);
}
[Deleted]  
i applied the ea on a hourly chart using 5/12 moving average ,though it opened orders well ,but when there was a new crossover ,it refused to close the opened order and open a new one ,pls what was responsible for this.thanks.
Glenn Bacon
126
Glenn Bacon  
11011980:
i applied the ea on a hourly chart using 5/12 moving average ,though it opened orders well ,but when there was a new crossover ,it refused to close the opened order and open a new one ,pls what was responsible for this.thanks.

The expert advisor will only have one order open at a time. Simple FX checks for a MA cross at the open of every new candle (not every tick), if there has been a cross it will close the open order and open a new order in the trend direction.
[Deleted]  
what is the best variables to use for this ea 12 and 5?
Glenn Bacon
126
Glenn Bacon  
afoson:
what is the best variables to use for this ea 12 and 5?
The default settings are good 200 and 50 MAs. Attach the EA to a daily chart let it run continuously it will open an order within the next 24 hours. The expert advisor will hold the order open and ride the trend until the MAs cross signaling a change in the trends' direction. It will close the order on the next candle and open a new order in the new direction of the trend. Over a period of weeks and months it's possible for the EA to capture 100s or 1000s of pips.