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Modification of Existing EA | Adding OR/ELSE IF Functions to Existing EA.

MQL4 Indicators Experts

Job finished

Execution time 9 days
Feedback from customer
A pleasure to work with, very patient and understanding & would have no problem working with Maxwell again.
Feedback from employee
I appreciate and am honored working with you. I look forward to more endeavors. Thank you.

Specification

I have an algorithm which is based on candlestick formations - specifically the hammer candle formation. 

Previously, the algorithm only executed short positions on bearish hammers & long positions on bullish hammers.

Now, however, I'm wanting to introduce inverse hammers, but keeping the wicks in the same positions (i.e., extended lower wicks for short positions and extended upper wicks for long positions)

It's not so much the interpretations of the global & local declarations themselves that are the issue, but it's the placement of the brackets that needs to be altered, as well as maybe introducing the "OR" or "ELSE IF" logic but I'll leave that up to you.

The instructions I'm needing it to follow - in layman’s terms - is the following:

"If '(BarTime != Time[0])' is true,
then assess if '(hammerHeadClose < hammerHeadOpen)' is True.
If (hammerHeadClose < hammerHeadOpen) is True, then assess if all of it's child statements are true. 
If all of its child statements are also True, then execute a position.

Alternatively (OR/ELSE IF) if '(hammerHeadClose > hammerHeadOpen)' is true, 
then assess if all of it's child statements are true.
If all of its child statements are true, then execute a position”.  

Therefore, if(BarTime != Time[0]) must always be TRUE, but dependant on weather  '(hammerHeadClose < hammerHeadOpen)' or '(hammerHeadClose > hammerHeadOpen)' will determine which set of child statements will be assessed to determine if a poition should be open.

Obviously (hammerHeadClose > hammerHeadOpen) & (hammerHeadClose < hammerHeadOpen) are mutually exclusive criteria (the closing price can either be above the opening or below the opening - doji's aren't allowed), there is no point in the EA assessing the child statements under (hammerHeadClose > hammerHeadOpen) when (hammerHeadClose < hammerHeadOpen) and visa-versa.

To put it another way "if(BarTime != Time[0]), assess "if(hammerHeadClose > hammerHeadOpen)". 
If "if(hammerHeadClose > hammerHeadOpen)" is FALSE (for example), go straight to if(hammerHeadClose < hammerHeadOpen) and assess all child statements here".

I hope this helps, if you need any clarification, let me know. 

The code in question is on line 315 (short position criteria) and line 795 (long position criteria).

I have enclosed documentation for the EA which includes the explanations to the Global Declarations which you will come across.


if(BarTime != Time[0])
     
     {
     
       if((hammerHeadClose < hammerHeadOpen)

         && (bearHammerHead >= Transform(candleBodyLength,2))
         && (bearHammerHandle!=0 && (bearHammerHead / bearHammerHandle) <= hammerHandlePct)
         && (bullRetracementCandle!=0 && (bearHammerHead / bullRetracementCandle) <= hammerHeadPct)
         && (bullRetracementCandle!=0 && (initialTrendBearCandle / bullRetracementCandle) <= retracePercentage)
         && (bullRetracementCandle >= Transform(candleBodyLength,2))
         && (trendFast < trendSlow)
         && (momentumFast < momentumSlow)
         && (NewBar)
         && (spread <= MaxSpread)
         && (hourOfDay >= startingHour && hourOfDay < endingHour)
         && (OrdersTotal()== 0))
         
       if((hammerHeadClose > hammerHeadOpen)

         && (bullHammerHead >= Transform(candleBodyLength,2))
         && (bearHammerHandleInv!=0 && (bullHammerHead / bearHammerHandleInv) <= hammerHandlePct)
         && (bullRetracementCandle!=0 && (bullHammerHead / bullRetracementCandle) <= hammerHeadPct)
         && (bullRetracementCandle!=0 && (initialTrendBearCandle / bullRetracementCandle) <= retracePercentage)
         && (bullRetracementCandle >= Transform(candleBodyLength,2))
         && (trendFast < trendSlow)
         && (momentumFast < momentumSlow)
         && (NewBar)
         && (spread <= MaxSpread)
         && (hourOfDay >= startingHour && hourOfDay < endingHour)
         && (OrdersTotal()== 0))
 
         {

         bool OpenShort = OrderSend(.....);

         /*----------code----------*/   
        /*----------code----------*/    
        /*----------code----------*/    

         }

}

Files:

MQ4
stop_hammertime_canat_touch_this.mq4
197.1 Kb
PNG
Slide1.PNG
15.5 Kb
PNG
Slide2.PNG
15.7 Kb

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