custom indicator

New comment
 
I am using a moving average plus 4 pips as part of a signal. But I would like to see it plotted on a chart.

How do I create this as a custom formula

TC = iMA(NULL,0,3,1,MODE_SMA,PRICE_HIGH,0)+4*Point;


PS Is there any one that is interested in providing programing for a system.
  
#property  indicator_chart_window
#property  indicator_buffers 1
#property  indicator_color1  Red

extern int MAPeriod = 3;
extern int MAShift = 1;
extern double PointsShift=4.0;
double     buffer[];

int init()
{
 SetIndexBuffer(0, buffer);
 return(0);
}
int start()
{
 int limit;
 int counted_bars=IndicatorCounted();
 if(counted_bars<0) return(-1);
 if(counted_bars>0) counted_bars--;
 limit=Bars-counted_bars;
 for(int i=0; i<limit; i++)
    buffer[i] = iMA(NULL,0,MAPeriod,MAShift,MODE_SMA,PRICE_HIGH,i)+PointsShift*Point;
 return(0);
}



I'm interested in system programming :)

 
Wow Thanks RoBik, That worked great I really appreciate it.

Doc
 
Wow Thanks RoBik, That worked great I really appreciate it.
Doc


glad i could help :)
what about that programming for a system? what exactly do you need?

RoBiK
 
Robik I have some one working on the system I would hate to waste your time if I get it working soon.

I appreciate your imput.

Doc
 
Robik,

Still interested in helping, we are having a hard time getting the system to work?

Regards
Doc
 
sure :) what do you need?
 
It is fairly simple. It may need some fine tuning and additional stops or exits.

What I would like is a system that Sells when the price crosses above the moving average listed earlier
I run this on a 1 minute chart and look for the close of the previous bar to be below the mov and then the price to move above
Take profit at 2 to 3 pips profit.

Then the oppiste for a buy
buy when the price crosses below the moving average listed earlier
The moving average is of the low shifted down 3 to 4 pips.
Take profit at 2 to 3 pips profit.

Stoploss at 15 pips on both sides.
Dont do more that one buy per bar.

If you have any questions let me know

Doc
 
It is fairly simple. It may need some fine tuning and additional stops or exits.

What I would like is a system that Sells when the price crosses above the moving average listed earlier
I run this on a 1 minute chart and look for the close of the previous bar to be below the mov and then the price to move above
Take profit at 2 to 3 pips profit.

Then the oppiste for a buy
buy when the price crosses below the moving average listed earlier
The moving average is of the low shifted down 3 to 4 pips.
Take profit at 2 to 3 pips profit.

Stoploss at 15 pips on both sides.
Dont do more that one buy per bar.

If you have any questions let me know

Doc

Here it is:

extern double Lots = 1;
extern int MAPeriod = 3;
extern int MAShift = 1;
extern double PointsShift=4.0;
extern int MAMethod = 1;
extern int SL = 15;
extern int TP = 5;

datetime lastTime;
datetime lastTrade;
double highMA;
double lowMA;
double previousHighMA;
double previousLowMA;

int init()
{
   lastTime = Time[1];
   lastTrade = Time[1];
   highMA = ma(PRICE_HIGH);
   lowMA = ma(PRICE_LOW);
}

int start()
{
   int cnt, ticket, total;
   if (Time[0] > lastTime)
   {
      previousHighMA = highMA;
      previousLowMA = lowMA;
      highMA = ma(PRICE_HIGH);
      lowMA = ma(PRICE_LOW);
      lastTime = Time[0];
   }
   total=OrdersTotal();
   if(total<1 && lastTrade < Time[0])
   {
      if (Close[1] > previousLowMA && Close[0] < lowMA)
      {
         lastTrade = Time[0];
         ticket = OrderSend(Symbol(), OP_BUY, Lots, Ask, 0, Bid - SL * Point, Bid + TP * Point, NULL, 0, 0, Green);
         if(ticket>0)
         {
           if(OrderSelect(ticket,SELECT_BY_TICKET,MODE_TRADES)) Print("BUY order opened : ",OrderOpenPrice());
         }
         else Print("Error opening BUY order : ",GetLastError());
      }
      if (Close[1] < previousHighMA && Close[0] > highMA)
      {
         lastTrade = Time[0];
         ticket = OrderSend(Symbol(), OP_SELL, Lots, Bid, 0, Ask + SL * Point, Ask - TP * Point, NULL, 0, 0, Red);
         if(ticket>0)
         {
            if(OrderSelect(ticket,SELECT_BY_TICKET,MODE_TRADES)) Print("SELL order opened : ",OrderOpenPrice());
         }
         else Print("Error opening SELL order : ",GetLastError());
      }
  }
  return(0);
}

double ma(int appliedPrice)
{
   int ps;
   if (appliedPrice == PRICE_HIGH)
   {
      ps = PointsShift;
   }
   else
   {
      ps = -PointsShift;
   }
   return (iMA(NULL, 0, MAPeriod, MAShift, MAMethod, appliedPrice, 0) + ps * Point);
}



Basicly it is a mean reversion strategy. I'm afraid it won't work as you expect... at least not in such a short time frame. The shorter the timeframe the higher must be the profit/loss ratio to cover the bid/ask spread expences.
Also instead of using fixed distance from average high/low i would probably choose some flexible method, such as bollinger bands or standard deviation channel. Also a moving average filter or directional movement filter could help in trending conditions.

Anyway... try it, maybe you come with some new ideas :)

Try theese parameters:

EURUSD 5 Minutes resolution
SL = 30
TP = 25
MAPeriod = 10
PointShift = 4

RoBiK

 
This is GREAT RoBiK I really appreciate this.

I have tested this Idea in MetaStock I just could not write the code in MetaQuote. The downside is the large moves gets caught with losing trades.

Let me check it out and get back to you.

Thanks Again.

Doc
 
Robik Don't seem to get and buy or sells. I adjust the range of the channel from a 4 to a 2 so I could test for buys and sells but I do nto get any

extern double PointsShift=2.0;

Can we exchange email addresses?

Where you located RobiK

HEre is was I have for the buy sell signals, seems to work but I can't get the exits to work
CrossUp = Close > (iMA(NULL,0,3,1,MODE_SMA,PRICE_HIGH,0)+2*Point)
&& Close[1] < (iMA(NULL,0,3,2,MODE_SMA,PRICE_HIGH,0)+2*Point);
CrossDown = Close < (iMA(NULL,0,3,1,MODE_SMA,PRICE_LOW,0)-2*Point)
&& Close[1] > (iMA(NULL,0,3,2,MODE_SMA,PRICE_LOW,0)-2*Point);

total = OrdersTotal();
if(total<1)
{
if(CrossUp)
{ OrderSend(Symbol(),OP_SELL,MyLots,Bid,2,MySellStop,MySellProfit,"3-20",007,0,Red);
SetIndexArrow(0,234);
PlaySound("alert.wav");
return(0);
}
if(CrossDown)
{ OrderSend(Symbol(),OP_BUY,MyLots,Ask,2,MyBuyStop,MyBuyProfit,"3-20",007,0,Yellow);
SetIndexArrow(0,233);
PlaySound("alert.wav");
return(0);
}
return(0);




Doc
12
New comment
Reason: