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BRiCK TradeByArrow MT4 Free

FREE

Published: 16 January 2019

Current version: 1.0

BRiCK TradeByArrow MT4 Free

Utilities
Yutaka Yokouchi
Version: 1.0

* The product for MT5 converted using "BRiCK TradeByArrow MT4" is here.

BRiCK is a simple and versatile utility.
By combining Experts, Indicators and utilities like the Lego block, various trading styles can be realized.

"TradeByArrow" is Utility that executes order processing when an arrow object is created on the chart.
Combined with Indicator which outputs arrow object, it can be used like Expert.

Parameter

[ArrowName]

EntryBuy: Arrow object name for buy order (partial match)
EntrySell: Arrow object name for sell order (partial match)
Exit: Arrow object name for close order (partial match)

[Trade]

Lot: Volume to trade
Sllipage: Sllipage to trade
StopLoss: Loss margin based on acquisition price
TakeProfit: Profit margin based on acquisition price
MagicNumber: Magic number (Order identification number)

Procedure

1. Open the chart to be traded.

2. Insert the utility "TradeByArrow" on the open chart.

3. Insert the indicator that outputs the arrow object into the same chart.

4. When the graphical object specified by ArrowName is created on the chart, the following processing is executed.

When position does not exist
- EntryBuy: Execute buy order
- EntrySell: Execute sell order
- Exit: Do nothing

When buy position exist
- EntryBuy: Do nothing
- EntrySell: Close the buying position, execute the selling order
- Exit: Close purchase position

When sell position exist
- EntryBuy: After closing selling position, execute buy order
- EntrySell: Do nothing
- Exit: Close the selling position

Confirmation

- The free version can not be used in a real account.

- All arrow names must be different names.

- The method of judging the arrow name is partial match.

- All orders will be executed in a market order.

- Arrow object to be an execution trigger.

ID	Description
OBJ_ARROW_THUMB_UP	Thumbs Up
OBJ_ARROW_THUMB_DOWN	Thumbs Down
OBJ_ARROW_UP	Arrow Up
OBJ_ARROW_DOWN	Arrow Down
OBJ_ARROW_STOP	Stop Sign
OBJ_ARROW_CHECK	Check Sign
OBJ_ARROW_LEFT_PRICE	Left Price Label
OBJ_ARROW_RIGHT_PRICE	Right Price Label
OBJ_ARROW_BUY	Buy Sign
OBJ_ARROW_SELL	Sell Sign
OBJ_ARROW	Arrow

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