EA immedietly enter new trade once existing trade closed

To add comments, please log in or register
sujenthiran
8
sujenthiran  

DearFriends,

Please help me on this. I have limited knowledge on scripting.

I created my EA robot based on the internet findings.

Kindly advice me on below:

1.When i test my EA on tester its immedietly enter new trade once existing trade closed (which not make sense for me). By right once existing trade closed EA should wait for next signal before enter the trade. How to fix this?

2. How to configure EA to check latest data/bars before enter new trade once conditions meet.

Advance Thanks.

//---- indicator settings
#property indicator_separate_window
#property indicator_buffers 1
#property indicator_plots   1
#property indicator_type1   DRAW_LINE
#property indicator_color1  Blue
double         LineBuffer[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int OnInit()
  {
//--- indicator buffers mapping
   SetIndexBuffer(0,LineBuffer,INDICATOR_DATA);
//---
   return(INIT_SUCCEEDED);
  }
//+------------------------------------------------------------------+
//| Custom indicator iteration function                              |
//+------------------------------------------------------------------+
int OnCalculate(const int rates_total,
                const int prev_calculated,
                const datetime& time[],
                const double& open[],
                const double& high[],
                const double& low[],
                const double& close[],
                const long& tick_volume[],
                const long& volume[],
                const int& spread[])
  {
//--- Get the number of bars available for the current symbol and chart period
   int bars=Bars(Symbol(),0);
   Print("Bars = ",bars,", rates_total = ",rates_total,",  prev_calculated = ",prev_calculated);
   Print("time[0] = ",time[0]," time[rates_total-1] = ",time[rates_total-1]);
//--- return value of prev_calculated for next call
   return(rates_total);
  }
  
//+------------------------------------------------------------------+
//| Expert deinitialization function                                 |
//+------------------------------------------------------------------+
void OnDeinit(const int reason)
  {
//---
   
  }
//+------------------------------------------------------------------+
//| Expert tick function                                             |
//+------------------------------------------------------------------+




void OnTick()




{
    if (OrdersTotal() > 0) {
        TrailStops();
        return;
    }
   
    int stopLoss = 50;
    int takeProfit =150;
    
    double lots = calculateLotSize(stopLoss);
    double ma5l = iMA(NULL,0,5,0,MODE_LWMA, PRICE_LOW, 0);
      double ma5h = iMA(NULL,0,5,0,MODE_LWMA, PRICE_HIGH, 0);
      double bbl = iBands(_Symbol,_Period,20,2,0,PRICE_CLOSE,MODE_LOWER,0);
      double bbu = iBands(_Symbol,_Period,20,2,0,PRICE_CLOSE,MODE_UPPER,0);
      double bbm = iBands(_Symbol,_Period,20,2,0,PRICE_CLOSE,MODE_MAIN,0);
      
      
      
    
    
    if (Close[0]> ma5h && ma5h > bbm) {
        if (OrderSend(Symbol(), OP_BUY, lots, Ask, 3, Ask - stopLoss * Point, Ask + takeProfit * Point, "my forex wall-e order", 12345, 0, Green)) {
            Print("Buy order succeeded!");
        }
    }

    if (Close[0] > ma5l && ma5l < bbm) {
        if (OrderSend(Symbol(), OP_SELL, lots, Bid, 3, Bid + stopLoss * Point, Bid - takeProfit * Point, "my forex wall-e order", 12345, 0, Red)) {
            Print("Sell order succeeded!");
        }
    }
}
//+------------------------------------------------------------------+

//+------------------------------------------------------------------+
//| Trailing stop function                                           |
//+------------------------------------------------------------------+
void TrailStops()
{
    int trailingStop =30;

    for (int i = 0; i < OrdersTotal(); i++) {
        if (!OrderSelect(i, SELECT_BY_POS, MODE_TRADES)) {
            continue;
        }
        
        if (OrderSymbol() != Symbol()) {
            continue;
        }
        
        if (OrderType() == OP_BUY) {
            if (Bid - OrderOpenPrice() > trailingStop * Point && OrderStopLoss() < Bid - trailingStop * Point) {
                if (!OrderModify(OrderTicket(), OrderOpenPrice(), Bid - trailingStop * Point, OrderTakeProfit(), 0, Green)) {
                    Print("OrderModify error ",GetLastError());
                }
                return;
            }
        } else if (OrderType() == OP_SELL) {
            if (OrderOpenPrice() - Ask > trailingStop * Point && OrderStopLoss() > Ask + trailingStop * Point) {
                if (!OrderModify(OrderTicket(), OrderOpenPrice(), Ask + trailingStop * Point, OrderTakeProfit(), 0, Green)) {
                    Print("OrderModify error ",GetLastError());
                }
                return;
            }
        }
    }
}

/**
* Calculate the amount of lots needed based on stop loss
*
* @return double
*/
double calculateLotSize(int stopLoss)
{
    // 1% risk per trade
    int risk = 1;
     
    // Fetch some symbol properties
    double lotStep = MarketInfo(Symbol(), MODE_LOTSTEP);
    double minLot  = MarketInfo(Symbol(), MODE_MINLOT); 
    double maxLot  = MarketInfo(Symbol(), MODE_MAXLOT);
    double tickVal = MarketInfo(Symbol(), MODE_TICKVALUE);
 
    // Calculate the actual lot size
    double lotSize = AccountBalance() * risk /25/ (stopLoss * tickVal);
 
    return MathMin(
        maxLot,
        MathMax(
            minLot,
            NormalizeDouble(lotSize / lotStep, 0) * lotStep // This rounds the lotSize to the nearest lotstep interval
        )
    ); 
}



Regards,

Sujen

William Roeder
21914
William Roeder  
sujenthiran:

Please help me on this. I have limited knowledge on scripting.

its immedietly enter new trade once existing trade closed
    1. MT4: Learn to code it.
      MT5: Begin learning to code it. If you don't learn MQL4/5, there is no common language for us to communicate. If we tell you what you need, you can't code it. If we give you the code, you don't know how to integrate it into yours.
    2. or pay (Freelance) someone to code it.
                Hiring to write script - General - MQL5 programming forum

  1. if (Close[0]> ma5h && ma5h > bbm) {
    You are looking at a signal. Act on a change of signal.
              MQL4 (in Strategy Tester) - double testing of entry conditions - Strategy Tester - Expert Advisors and Automated Trading - MQL5 programming forum #1

  2.     double lotSize = AccountBalance() * risk /25/ (stopLoss * tickVal);

    If you are worried about margin and leverage, you are not controlling your risk. Never risk more than a small percentage of your account, certainly less than 2% per trade, 6% total to the account.

    Risk depends on your initial stop loss, lot size, and the value of the pair. It does not depend on margin and leverage. No SL means you have infinite risk.

    1. You place the stop where it needs to be — where the reason for the trade is no longer valid. E.g. trading a support bounce the stop goes below the support.
    2. AccountBalance * percent/100 = RISK = OrderLots * (|OrderOpenPrice - OrderStopLoss| * DeltaPerLot + CommissionPerLot) (Note OOP-OSL includes the spread, and DeltaPerLot is usually around $10/pip but it takes account of the exchange rates of the pair vs. your account currency.)
    3. Do NOT use TickValue by itself - DeltaPerLot and verify that MODE_TICKVALUE is returning a value in your deposit currency, as promised by the documentation, or whether it is returning a value in the instrument's base currency.
                MODE_TICKVALUE is not reliable on non-fx instruments with many brokers - MQL4 programming forum 2017.10.10
                Is there an universal solution for Tick value? - Currency Pairs - General - MQL5 programming forum 2018.02.11
                Lot value calculation off by a factor of 100 - MQL5 programming forum 2019.07.19
    4. You must normalize lots properly and check against min and max.
    5. You must also check FreeMargin to avoid stop out
To add comments, please log in or register