Jump to next bar if SL is hit

[Lord Odin]

Hello Community,

Sorry if this question is an idiotic one, but I am rather new to this whole MQL thing. I am coding a small expert advisor, and would like the following to be achieved: 

If any of my buy orders, hits its stop loss, I would like to stop all operations  and jump to next bar, ( I am using it on a daily chart). In other words, if SL is hit, skip the whole bar and wait for a new day.

Is there an easy way to do this?  Kindly find a piece of my code below.

if(prevClose > prevOpen && curAsk < condValue) { 
      if ( nbOrders == 0 ) {
         ticket1 = OrderSend(Symbol(),OP_BUY,0.1,curAsk,5,stop1BLoss,NormalizeDouble((curAsk + 0.07*curAsk),Digits));
            if( OrderSelect(ticket1,SELECT_BY_TICKET)){
               takeProfit = OrderTakeProfit();
               initAsk = OrderOpenPrice();
   }
   }
       
         if ( nbOrders == 1) {
           RefreshRates();
            if( curAsk >= initAsk + 300*Point){
               ticket2 = OrderSend(Symbol(),OP_BUY,0.1,curAsk,5,initAsk,takeProfit);
               OrderSelect(ticket2,SELECT_BY_TICKET);
               Entry2 = OrderOpenPrice();
               OrderModify(OrderTicket(),OrderOpenPrice(),initAsk,takeProfit,0);
     }   
     }

Best Regards,

Lord Odin

[Anthony Garot]

In other words, if SL is hit, skip the whole bar and wait for a new day.

I think you are asking how to detect when a new bar forms.

This article describes a time-based method to do so.

https://www.mql5.com/en/articles/159

[Lord Odin]

Anthony Garot:

I think you are asking how to detect when a new bar forms.

This article describes a time-based method to do so.

https://www.mql5.com/en/articles/159

Thank you for your fast reply mate.

The article is an interesting read, but it has a lot of explanation and MQL5 coding methods, which I find rather confusing.  ( I'm using MQL4). The time thing used to detect a new bar is great, but how will I know at the start of my condition that my orders' Stop Loss is hit? 

Best Regards,

Lord Odin

[Anthony Garot]

Lord Odin:

but how will I know at the start of my condition that my orders' Stop Loss is hit?

I don't use MQL4, but a quick search suggests this might help:

https://www.mql5.com/en/forum/113425

[Fernando Carreiro]

Lord Odin: Sorry if this question is an idiotic one, but I am rather new to this whole MQL thing. I am coding a small expert advisor, and would like the following to be achieved:

If any of my buy orders, hits its stop loss, I would like to stop all operations  and jump to next bar, ( I am using it on a daily chart). In other words, if SL is hit, skip the whole bar and wait for a new day.

Is there an easy way to do this?  Kindly find a piece of my code below.

Best Regards,

Lord Odin

Detecting a new Bar and/or New Day if on a Daily Chart ...

// Attention: Untested and uncompiled code to serve only as an example
// Compatible with both MQL4 and MQL5

void OnTick()
{
   // Check for New Current Bar
   static datetime dtBarCurrent = WRONG_VALUE;
   datetime dtBarPrevious = dtBarCurrent;
   dtBarCurrent = (datetime) SeriesInfoInteger( _Symbol, _Period, SERIES_LASTBAR_DATE );
   boolNewBarFlag = ( dtBarCurrent != dtBarPrevious );

   if( boolNewBarFlag ) // Check for New Bar
   {
      // Do something ...
   }
   else
   {
      // Do something else ...
   }

   // Do things ...
}

[Lord Odin]

Thank you both for your replies.

I understand now how it should be done. Cheers

Best Regards,

Lord Odin