MQL4 - automated forex trading   /  

Forum

Login | Register | Language: ru cn en
The Largest Collection of Forex Robots is on Display in MQL 5 Code Base

Open/Close Trade For Candle

Back to topics list To post a new topic, please log in or register
avatar
9
zelda56789 2009.10.08 01:12
 
If I wanted to open/close a short/long trade using the below criteria, what methodes and/or stratagies would you recommend to me to accomplish following candles:

Tail is n % of total Hammer height - input=Minimum percentage of total Candle height represented by the Tail.

Long Trade, Open Candle:

Open – Low

------------- = n%
High – Low

Long Trade, Closed Candle:
Close – Low
-------------- = n%
High – Low

Short Trade, Open Candle:
High – Close
-------------- = n%
High – Low

Short Trade, Closed Candle:
High – Open
-------------- = n%
High – Low

Hammer is n pips in height (H to L) - input=Minimum height of candle in pips.

There is 'no cover' for preceding n bars - input=Number of pips that S/L will trail 2nd half of trade after each new high/low is made. ***If this is set to 0, both positions exit at Take Profit input.
Long trades: Tail low must be the lowest price for the preceding n bars. If a lower price was marked at any time during the prior n bars, the Long Hammer is disqualified and no trade is initiated.
Short trades: Tail high must be the highest price for the preceding n bars. If a higher price was marked at any time during the prior n bars, the Short Hammer is disqualified and no trade is initiated.

There must be an x pips move over n bars prior to Hammer (x pips move down for Long Hammer, x pips move up for Short Hammer) - input=Beginning time – sets the GMT hour that EA becomes active. Ending time – sets the GMT hour that EA becomes inactive (goes inactive at scheduled time if no trades are open; if trade is open, goes inactive as soon as trade is closed out by EA rules).
 
Effective Averaging Algorithms with Minimal Lag: Use in Indicators
The article describes custom averaging functions of higher quality developed by the author: JJMASeries(), JurXSeries(), JLiteSeries(), ParMASeries(), LRMASeries(), T3Series(). The article also deals with application of the above functions in indicators. The author introduces a rich indicators library based on the use of these functions.
avatar
9
zelda56789 2009.10.08 18:22 #
 

My current code is attached and I know that some of it is not working right, but it is trading.

I could use some help getting the above criteria working properly.

Attached files:
  candles.mq4  (34.36 KB)
 
avatar
9
zelda56789 2009.10.08 21:28 #
 
Here is the document I am trying to make happen.
Back to topics list  

To add comments, please log in or register