All orders
Rules
Specification
Hello,
I came across a favorable EA on tradingview.com and would like it translated to an mt5 EA.
https://www.tradingview.com/script/o5InDPbl-Open-Close-Cross-Strategy/
EA should mimic trading of the pinescript ea as seen in screen shots
settings should be as those seen on included screen shots as well as tp and sl.
this is the pinescripted ea
best of luck
//@version=2
strategy(title = "Open Close Cross Strategy", shorttitle = "OCC Strategy", overlay = true, pyramiding = 0, default_qty_type = strategy.percent_of_equity, default_qty_value = 10)
// Revision: 1
// Author: @JayRogers
//
// Description:
// - Strategy based around Open-Close Crossovers.
// Setup:
// - I have generally found that setting the strategy resolution to 3-4x that of the chart you are viewing
// tends to yield the best results, regardless of which MA option you may choose (if any)
// - Don't aim for perfection. Just aim to get a reasonably snug fit with the O-C band, with good runs of
// green and red.
// - Option to either use basic open and close series data, or pick your poison with a wide array of MA types.
// - Optional trailing stop for damage mitigation if desired (can be toggled on/off)
// - Positions get taken automagically following a crossover - which is why it's better to set the resolution
// of the script greater than that of your chart, so that the trades get taken sooner rather than later.
// - If you make use of the trailing stops, be sure to take your time tweaking the values. Cutting it too fine
// will cost you profits but keep you safer, while letting them loose could lead to more drawdown than you
// can handle.
// === INPUTS ===
useRes = input(defval = true, title = "Use Alternate Resolution? ( recommended )")
stratRes = input(defval = "120", title = "Set Resolution ( should not be lower than chart )", type = resolution)
useMA = input(defval = true, title = "Use MA? ( otherwise use simple Open/Close data )")
basisType = input(defval = "DEMA", title = "MA Type: SMA, EMA, DEMA, TEMA, WMA, VWMA, SMMA, HullMA, LSMA, ALMA ( case sensitive )", type = string)
basisLen = input(defval = 14, title = "MA Period", minval = 1)
offsetSigma = input(defval = 6, title = "Offset for LSMA / Sigma for ALMA", minval = 0)
offsetALMA = input(defval = 0.85, title = "Offset for ALMA", minval = 0, step = 0.01)
useStop = input(defval = true, title = "Use Trailing Stop?")
slPoints = input(defval = 200, title = "Stop Loss Trail Points", minval = 1)
slOffset = input(defval = 400, title = "Stop Loss Trail Offset", minval = 1)
// === /INPUTS ===
// === BASE FUNCTIONS ===
// Returns MA input selection variant, default to SMA if blank or typo.
variant(type, src, len, offSig, offALMA) =>
v1 = sma(src, len) // Simple
v2 = ema(src, len) // Exponential
v3 = 2 * v2 - ema(v2, len) // Double Exponential
v4 = 3 * (v2 - ema(v2, len)) + ema(ema(v2, len), len) // Triple Exponential
v5 = wma(src, len) // Weighted
v6 = vwma(src, len) // Volume Weighted
v7 = na(v5[1]) ? sma(src, len) : (v5[1] * (len - 1) + src) / len // Smoothed
v8 = wma(2 * wma(src, len / 2) - wma(src, len), round(sqrt(len))) // Hull
v9 = linreg(src, len, offSig) // Least Squares
v10 = alma(src, len, offALMA, offSig) // Arnaud Legoux
type=="EMA"?v2 : type=="DEMA"?v3 : type=="TEMA"?v4 : type=="WMA"?v5 : type=="VWMA"?v6 : type=="SMMA"?v7 : type=="HullMA"?v8 : type=="LSMA"?v9 : type=="ALMA"?v10 : v1
// security wrapper for repeat calls
reso(exp, use, res) => use ? security(tickerid, res, exp) : exp
// === /BASE FUNCTIONS ===
// === SERIES SETUP ===
// open/close
closeSeries = useMA ? reso(variant(basisType, close, basisLen, offsetSigma, offsetALMA), useRes, stratRes) : reso(close, useRes, stratRes)
openSeries = useMA ? reso(variant(basisType, open, basisLen, offsetSigma, offsetALMA), useRes, stratRes) : reso(open, useRes, stratRes)
trendState = closeSeries > openSeries ? true : closeSeries < openSeries ? false : trendState[1]
// === /SERIES ===
// === PLOTTING ===
barcolor(color = closeSeries > openSeries ? #006600 : #990000, title = "Bar Colours")
// channel outline
closePlot = plot(closeSeries, title = "Close Line", color = #009900, linewidth = 2, style = line, transp = 90)
openPlot = plot(openSeries, title = "Open Line", color = #CC0000, linewidth = 2, style = line, transp = 90)
// channel fill
closePlotU = plot(trendState ? closeSeries : na, transp = 100, editable = false)
openPlotU = plot(trendState ? openSeries : na, transp = 100, editable = false)
closePlotD = plot(trendState ? na : closeSeries, transp = 100, editable = false)
openPlotD = plot(trendState ? na : openSeries, transp = 100, editable = false)
fill(openPlotU, closePlotU, title = "Up Trend Fill", color = #009900, transp = 40)
fill(openPlotD, closePlotD, title = "Down Trend Fill", color = #CC0000, transp = 40)
// === /PLOTTING ===
// === STRATEGY ===
// conditions
longCond = crossover(closeSeries, openSeries)
shortCond = crossunder(closeSeries, openSeries)
// entries and base exit
strategy.entry("long", strategy.long, when = longCond)
strategy.entry("short", strategy.short, when = shortCond)
// if we're using the trailing stop
if (useStop)
strategy.exit("XL", from_entry = "long", trail_points = slPoints, trail_offset = slOffset)
strategy.exit("XS", from_entry = "short", trail_points = slPoints, trail_offset = slOffset)
// not sure needed, but just incase..
strategy.exit("XL", from_entry = "long", when = shortCond)
strategy.exit("XS", from_entry = "short", when = longCond)
// === /STRATEGY ===
