adding simple grid to market orders
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- How can you place a buystop below market?
I allways get confused with this buystop or buylimit
I don't want to open a pending buy below market i want to open a pending buy (buystop or buy limit the one it fits) above my current market order opened with ea and open a pending sell (sellstop or sell limit) below this same market order opened with ea
ahh ok, i mistaken there, but still not working i update post
I allways get confused with this buystop or buylimit
I don't want to open a pending buy below market i want to open a pending buy (buystop or buy limit the one it fits) above my current market order opened with ea and open a pending sell (sellstop or sell limit) below this same market order opened with ea
ahh ok, i mistaken there, but still not working i update post
Do you understand where to place a Stop Loss for a Buy Order? Above or below price?
It used to be (and possibly still is with some brokers) that you didn't have stop losses as such, but closed a Buy position with a Sell order.
To protect your Buy position, you would open a ticket to sell at (or below) a certain price.
That is effectively a Sell Stop.
So if you can't remember whether a stop goes above or below price, just think where would you put a stoploss for an opposite position .
So if you want to open a pending Buy, think where would I place a stoploss for a Sell, above or below current price. Obviously, it's above price. So if you are opening a pending Buy above current price, it will be a BuyStop.
I've probably confused you more now ;)
Actually you cleared it all out, thank you, i will use it while my manual trading,
i don't know how to write the "Shift" into the line of the code, i think it is not written well, i have look at 3 different grid EA but it's a little bit confusing because not all of them use the same code, and this way trying to understand every code structure for opening different pending orders at different times, this has make me confuse more than enough..
This is why i'm finally here ... asking you guys
i found for example an EA code that just opens market orders, but the structure is different, as in this EA, there are no conditions for triggering market orders following certain rules like the one i created (i'm not a coder, just trying to learn a little bit more of how my EA is doing what i need to be done, modifiying my EA's). In my structure i have conditions, then some "if" for closing positions trailing stop, etc, and i think here can i create some "if" for the pending orders conditions as they are only related to "if Buy then ..." or "if Sell then...", so...
How do i write the code for including a "shift" or number of pips above current market order:
- Buy (Buy Stop - Xpips - BUY- Xpips - Sell Limit)
- Sell (Buy Limit - Xpips - SELL - Xpips - Sell Stop)
And how could i write this to setup a number of pending buy and pending sell for this current market order...
Thanks
- Buy (Buy Stop - Xpips - BUY- Xpips - Sell Buy Limit)
- Sell (Buy Sell Limit - Xpips - SELL - Xpips - Sell Stop)
i tell you in picture what i'm looking for:
I found this code for an EA that makes the same but it is used for opening the pending orders at a certain price, what should i change to adapt this to open the pending orders at current market order opened by my EA?? wich one are the important parameters i will need?
//+------------------------------------------------------------------+ //| PendingOrderEA.mq4 | //| Copyright © 2006, firedave | //| Partial Function Copyright © 2006, codersguru | //| Partial Function Copyright © 2006, pengie | //| http://www.fx-review.com/ | //| https://www.forex-tsd.com/ | //+------------------------------------------------------------------+ #property copyright "Copyright © 2006, firedave" #property link "http://www.fx-review.com" //----------------------- INCLUDES #include <stdlib.mqh> //----------------------- EA PARAMETER extern string Expert_Name = "---------- Pending Order EA v1", Expert_Name2 = "---------- For current price set EntryLevel = 0"; extern double EntryLevel = 1.8600, Distance = 100, StopLoss = 50, TakeProfit = 50, TrailingStop = 50; extern string Order_Setting = "---------- Order Setting"; extern int NumberOfTries = 5, Slippage = 5, MagicNumber = 1234; extern string MM_Parameters = "---------- Money Management"; extern double Lots = 1; extern bool MM = false, //Use Money Management or not AccountIsMicro = false; //Use Micro-Account or not extern int Risk = 10; //10% extern string Testing_Parameters= "---------- Back Test Parameter"; extern bool Show_Settings = true; //----------------------- GLOBAL VARIABLE static int TimeFrame = 0; string TicketComment = "PendingOrderEA v2", LastTrade; bool TradeAllow = true, EntryAllow = true; //+------------------------------------------------------------------+ //| expert initialization function | //+------------------------------------------------------------------+ int init() { //----------------------- GENERATE MAGIC NUMBER AND TICKET COMMENT //----------------------- SOURCE : PENGIE MagicNumber = subGenerateMagicNumber(MagicNumber, Symbol(), Period()); TicketComment = StringConcatenate(TicketComment, "-", Symbol(), "-", Period()); //----------------------- SHOW EA SETTING ON THE CHART //----------------------- SOURCE : CODERSGURU if(Show_Settings) subPrintDetails(); else Comment(""); return(0); } //+------------------------------------------------------------------+ //| expert deinitialization function | //+------------------------------------------------------------------+ int deinit() { //----------------------- PREVENT RE-COUNTING WHILE USER CHANGING TIME FRAME //----------------------- SOURCE : CODERSGURU TimeFrame=Period(); return(0); } //+------------------------------------------------------------------+ //| | //+------------------------------------------------------------------+ int start() { double BuyLevel, SellLevel; int cnt, ticket, total; //----------------------- SET BUY and SELL PRICE if(EntryLevel==0) EntryLevel = Bid; BuyLevel = EntryLevel + Distance*Point; SellLevel = EntryLevel - Distance*Point; if((BuyLevel-Ask)<10*Point || (Bid-SellLevel)<10*Point) { Comment("Invalid Entry Price or Distance"); return(0); } //----------------------- ADJUST LOTS IF USING MONEY MANAGEMENT if(MM) Lots = subLotSize(); //----------------------- ENTRY //----------------------- TOTAL ORDER BASE ON MAGICNUMBER AND SYMBOL total = subTotalTrade(); //----------------------- SET THE ORDER ONLY 1 TIME if(TradeAllow) { //----------------------- IF NO TRADE if(total<1 && EntryAllow) { ticket = OrderSend(Symbol(),OP_SELLSTOP,Lots,SellLevel,Slippage,SellLevel+StopLoss*Point,SellLevel-TakeProfit*Point,TicketComment,MagicNumber,0,Red); ticket = OrderSend(Symbol(),OP_BUYSTOP,Lots,BuyLevel,Slippage,BuyLevel-StopLoss*Point,BuyLevel+TakeProfit*Point,TicketComment,MagicNumber,0,Green); EntryAllow = false; return(0); } if(total==1) { subDeleteOrder(); TradeAllow = false; } } //----------------------- TRAILING STOP SECTION if(TrailingStop>0 && subTotalTrade()>0) { total = OrdersTotal(); for(cnt=0;cnt<total;cnt++) { OrderSelect(cnt, SELECT_BY_POS, MODE_TRADES); if(OrderType()<=OP_SELL && OrderSymbol()==Symbol() && OrderMagicNumber()==MagicNumber) { subTrailingStop(OrderType()); return(0); } } } return(0); } //----------------------- END PROGRAM //+------------------------------------------------------------------+ //| FUNCTION DEFINITIONS //+------------------------------------------------------------------+ //----------------------- MONEY MANAGEMENT FUNCTION //----------------------- SOURCE : CODERSGURU double subLotSize() { double lotMM = MathCeil(AccountFreeMargin() * Risk / 1000) / 100; if(AccountIsMicro==false) //normal account { if(lotMM < 0.1) lotMM = Lots; if((lotMM > 0.5) && (lotMM < 1)) lotMM = 0.5; if(lotMM > 1.0) lotMM = MathCeil(lotMM); if(lotMM > 100) lotMM = 100; } else //micro account { if(lotMM < 0.01) lotMM = Lots; if(lotMM > 1.0) lotMM = MathCeil(lotMM); if(lotMM > 100) lotMM = 100; } return (lotMM); } //----------------------- NUMBER OF ORDER BASE ON SYMBOL AND MAGICNUMBER FUNCTION int subTotalTrade() { int cnt, total = 0; for(cnt=0;cnt<OrdersTotal();cnt++) { OrderSelect(cnt,SELECT_BY_POS,MODE_TRADES); if(OrderType()<=OP_SELL && OrderSymbol()==Symbol() && OrderMagicNumber()==MagicNumber) total++; } return(total); } //----------------------- DELETE ORDER FUNCTION void subDeleteOrder() { int cnt, total = 0; total = OrdersTotal(); for(cnt=total-1;cnt>=0;cnt--) { OrderSelect(cnt, SELECT_BY_POS, MODE_TRADES); if(OrderSymbol()==Symbol() && OrderMagicNumber()==MagicNumber) { switch(OrderType()) { case OP_BUYLIMIT : case OP_BUYSTOP : case OP_SELLLIMIT: case OP_SELLSTOP : OrderDelete(OrderTicket()); } } } } //----------------------- TRAILING STOP FUNCTION //----------------------- SOURCE : CODERSGURU //----------------------- MODIFIED : FIREDAVE void subTrailingStop(int Type) { if(Type==OP_BUY) // buy position is opened { if(Bid-OrderOpenPrice()>Point*TrailingStop && OrderStopLoss()<Bid-Point*TrailingStop) { OrderModify(OrderTicket(),OrderOpenPrice(),Bid-Point*TrailingStop,OrderTakeProfit(),0,Green); return(0); } } if(Type==OP_SELL) // sell position is opened { if(OrderOpenPrice()-Ask>Point*TrailingStop) { if(OrderStopLoss()>Ask+Point*TrailingStop || OrderStopLoss()==0) { OrderModify(OrderTicket(),OrderOpenPrice(),Ask+Point*TrailingStop,OrderTakeProfit(),0,Red); return(0); } } } } //----------------------- GENERATE MAGIC NUMBER BASE ON SYMBOL AND TIME FRAME FUNCTION //----------------------- SOURCE : PENGIE //----------------------- MODIFIED : FIREDAVE int subGenerateMagicNumber(int MagicNumber, string symbol, int timeFrame) { int isymbol = 0; if (symbol == "EURUSD") isymbol = 1; else if (symbol == "GBPUSD") isymbol = 2; else if (symbol == "USDJPY") isymbol = 3; else if (symbol == "USDCHF") isymbol = 4; else if (symbol == "AUDUSD") isymbol = 5; else if (symbol == "USDCAD") isymbol = 6; else if (symbol == "EURGBP") isymbol = 7; else if (symbol == "EURJPY") isymbol = 8; else if (symbol == "EURCHF") isymbol = 9; else if (symbol == "EURAUD") isymbol = 10; else if (symbol == "EURCAD") isymbol = 11; else if (symbol == "GBPUSD") isymbol = 12; else if (symbol == "GBPJPY") isymbol = 13; else if (symbol == "GBPCHF") isymbol = 14; else if (symbol == "GBPAUD") isymbol = 15; else if (symbol == "GBPCAD") isymbol = 16; else isymbol = 17; if(isymbol<10) MagicNumber = MagicNumber * 10; return (StrToInteger(StringConcatenate(MagicNumber, isymbol, timeFrame))); } //----------------------- PRINT COMMENT FUNCTION //----------------------- SOURCE : CODERSGURU void subPrintDetails() { string sComment = ""; string sp = "----------------------------------------\n"; string NL = "\n"; sComment = sp; sComment = sComment + "TakeProfit=" + DoubleToStr(TakeProfit,0) + " | "; sComment = sComment + "TrailingStop=" + DoubleToStr(TrailingStop,0) + " | "; sComment = sComment + "StopLoss=" + DoubleToStr(StopLoss,0) + NL; sComment = sComment + sp; sComment = sComment + "Lots=" + DoubleToStr(Lots,2) + " | "; sComment = sComment + "MM=" + subBoolToStr(MM) + " | "; sComment = sComment + "Risk=" + DoubleToStr(Risk,0) + "%" + NL; sComment = sComment + sp; Comment(sComment); } //----------------------- BOOLEN VARIABLE TO STRING FUNCTION //----------------------- SOURCE : CODERSGURU string subBoolToStr ( bool value) { if(value) return ("True"); else return ("False"); } //----------------------- END FUNCTION
No body can help¿¿??
Does anybody understand what i need?
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Hi there,
I am looking now to add a simple grid to my market orders, but they i am writing it is not working at all ...
What i want is that every time an order is opened it opens a grid of 2 buystop and 2 sellstop "gridshift" pips from market order and tht i can setup a maximum of pending orders to open
Help please, thanks