ASCTrend MT4 Expert

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ok, I'm new to writing experts that trade in MT4, but I've written
indicators and things before. I just can't ever get my experts to
trade. Here's the code, have a good laugh, and then help me out. I'm
just looking to really get an expert that trades based solely upon
the ASCTrend movements. I'm interested in how it will trade in MT4
with the new modeling, and options, etc. So if you've already done
this, you wouldn't even need to mess with my code, and could provide
me with the MQ4 file. Anyway, here's what I have. I've converted from
the MT3 expert by Nick Biak. Thanks guys!

//---- input parameters
extern int RISK=2;
extern double TrailingStop = 0;
extern double StopLoss = 50;
extern double TakeProfit = 50;
extern double Lots = 1;


//+------------------------------------------------------------------+
//| ASCTrend1sig |
//+------------------------------------------------------------------+
int start()
{
int i,shift;
int Counter,i1,value10,value11;
double val1,val2;
double value1,x1,x2;
double value2,value3;
double TrueCount,Range,AvgRange,MRO1,MRO2;
int cnt, ticket, total;

value10=3+RISK*2;
x1=67+RISK;
x2=33-RISK;
value11=value10;

shift=0;
Counter=0;
Range=0.0;
AvgRange=0.0;

for (Counter=shift; Counter<=shift+9; Counter++)
AvgRange=AvgRange+MathAbs(High[Counter]-Low[Counter]);

Range=AvgRange/10;
Counter=shift;
TrueCount=0;

while (Counter<1)
{
if (MathAbs(Close[Counter+1])>=Range*2.0)
{
TrueCount=TrueCount+1;
Counter=Counter+1;
}
}

if (TrueCount>=1)
MRO1=Counter;
else
MRO1=-1;

Counter=shift;
TrueCount=0;

while (Counter<1)
{
if (MathAbs(Close[Counter+3])-Close[Counter]>=Range*4.6)
{
TrueCount=TrueCount+1;
Counter=Counter+1;
}
}

if (TrueCount>=1)
MRO2=Counter;
else
MRO2=-1;

if (MRO1>-1) {value11=3;} else {value11=value10;}
if (MRO2>-1) {value11=4;} else {value11=value10;}


value2=MathAbs(iWPR(NULL,0,value11,shift));
val1=0;
val2=0;
value3=0;

if (value2<x2)
{
i1=1;
while (MathAbs(iWPR(NULL,0,value11,shift+i1))
>=x2&&MathAbs(iWPR(NULL,0,value11,shift+i1))<=x1)
{
i1=i1+1;
}
if (MathAbs(iWPR(NULL,0,value11,shift+i1))>x1)
{
value3=Low[shift]-Range*0.5;
val1=value3;
}
}
if (value2>x1)
{
i1=1;
while (MathAbs(iWPR(NULL,0,value11,shift+i1))
>=x2&&MathAbs(iWPR(NULL,0,value11,shift+i1))<=x1)
{
i1=i1+1;
}
if (MathAbs(iWPR(NULL,0,value11,shift+i1))<x2)
{
value3=High[shift]-Range*0.5;
val2=value3;
}
}

if (val1!=0)
val1=-val1;
else
val1=val2;

total=OrdersTotal();
if(total<1)
{
if(AccountFreeMargin()<(1000*Lots))
{
Print("We have no money. Free Margin = ", AccountFreeMargin());
return(0);
}
}

if (val1<0)
{
if(total==0)
{
ticket=OrderSend(Symbol(),OP_BUY,Lots,Ask,3,0,
Ask+TakeProfit*Point,0,0,Green);
return(0);
}
else
{
OrderClose(OrderTicket(),OrderLots(),Ask,3,Violet);
ticket=OrderSend(Symbol(),OP_BUY,Lots,Ask,3,0,
Ask+TakeProfit*Point,0,0,Green);
return(0);
}
}

if (val1>0)
{
if(total==0)
{
ticket=OrderSend(Symbol(),OP_BUY,Lots,Ask,3,0,
Ask+TakeProfit*Point,0,0,Green);
return(0);
}
else
{
OrderClose(OrderTicket(),OrderLots(),Ask,3,Violet);
ticket=OrderSend(Symbol(),OP_BUY,Lots,Ask,3,0,
Ask+TakeProfit*Point,0,0,Green);
return(0);
}
}
return(0);
}
 
but you know, if you will check the trades, many of them will be losing,
what is your stop, or trailing stop, what is the profit you will enter?
 
Guitara,

please visit www.strategybuilderfx.com and check the MT4 section for the thread on the FxOverEasy system. This one is using the AscTrend indicator. You can also go to the file area there, check the XFE package for FxOverEasy, it has an AscTrend in it and also an Expert which trades and uses AscTrend.

Hope this helps.


Markus
 
Btw, as haim pointed out correctly: AscTrend is quite useless in it self.


Markus
 
hi i didnt find it in the strategybuilderfx site.
do you have it, or can point me it directly ?
thanks



Guitara,

please visit www.strategybuilderfx.com and check the MT4 section for the thread on the FxOverEasy system. This one is using the AscTrend indicator. You can also go to the file area there, check the XFE package for FxOverEasy, it has an AscTrend in it and also an Expert which trades and uses AscTrend.

Hope this helps.


Markus
 
Please go to this thread:
http://www.strategybuilderfx.com/forums/showthread.php?t=15112


Around page 60-70 you will find two file packages for the FxOverEasy method there, one named XFE package, one FXOE package. Both include an AscTrend version, the one in XFE is a direct translation of the one you quoted above, the other uses a better implementation (not using tables). The XFE package also includes an Expert (iFxOverEasy12) which loads AscTrend via iCustom call.


Markus
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