Use the debugger or print out your variables, including _LastError
and prices and . Do you really expect us to debug your code for you?
William Roeder:
Use the debugger or print out your variables, including _LastError and prices and . Do you really expect us to debug your code for you?
Use the debugger or print out your variables, including _LastError and prices and . Do you really expect us to debug your code for you?
If you actually read my message you would know I am not asking for anyone to debug my code.
May I ask, if someone were to ask for some help on here based on my question, how should they construct their question to avoid a response like yours?
I was not trying to make anyone do any work for me. I was asking for advice.
- Kyle Paarman: Pretty sure not all the code is working as intended. Thanks in advance for anyone willing to point me in the right direction.
The right direction is debugging your code.
-
double BreakEvenLongPos = OrderOpenPrice() + (BreakEvenGap*Point); double BreakEvenShortPos = OrderOpenPrice() - (BreakEvenGap*Point);
You can not use any Trade Functions unless you select an order first. -
ticket=OrderSend(Symbol(),OP_BUY,CalcLotSz,Ask,3,Ask-(StopLoss*Point),Ask+(TakeProfit*Point),Order_Comment,MagicNumber,0,Red); ticket=OrderSend(Symbol(),OP_SELL,CalcLotSz,Bid,3,Bid+(StopLoss*Point),Bid-(TakeProfit*Point),Order_Comment,MagicNumber,0,Red); if (Ask + (BreakEvenGap*Point) > OrderOpenPrice() + (BreakEvenTrigger*Point)) { if (Bid - (BreakEvenGap*Point) < OrderOpenPrice() - (BreakEvenTrigger*Point)) {
You buy at the Ask and sell at the Bid. So for buy orders you pay the spread on open. For sell orders you pay the spread on close.- Your buy order's TP/SL (or Sell Stop's/Sell Limit's entry) are triggered when the Bid reaches it. Not the Ask. Your SL is shorter by the spread and your TP would be longer. Don't you want the same/specified amount for either direction?
- Your sell order's TP/SL (or Buy Stop's/Buy Limit's entry) will be triggered when the Ask reaches it. To
trigger at a specific Bid price, add the average spread.
MODE_SPREAD (Paul) - MQL4 programming forum - Page 3 #25 - The charts show Bid prices only. Turn on the Ask line to see how big the spread is (Tools → Options (Control-O) → charts → Show ask line.)
-
LotSize=(TotalAmount*MaxRiskPerTrade/100)/(SL*nTickValue);
Never risk more than a small percentage of your account, certainly less than 2% per trade, 6% total to the account. Risk depends on your initial stop loss, lot size, and the value of the pair. It does not depend on margin and leverage.- You place the stop where it needs to be — where the reason for the trade is no longer valid. E.g. trading a support bounce the stop goes below the support.
- AccountBalance * percent/100 = RISK = OrderLots * (|OrderOpenPrice - OrderStopLoss| * DeltaPerLot + CommissionPerLot) (Note OOP-OSL includes the spread, and DeltaPerLot is usually around $10/pip but it takes account of the exchange rates of the pair vs. your account currency.)
- Do NOT use TickValue by itself - DeltaPerLot
and verify that MODE_TICKVALUE is returning a value in your deposit currency, as promised by the documentation, or
whether it is returning a value in the instrument's base currency.
MODE_TICKVALUE is not reliable on non-fx instruments with many brokers - MQL4 programming forum 2017.10.10
Is there an universal solution for Tick value? - Currency Pairs - General - MQL5 programming forum 2018.02.11
Lot value calculation off by a factor of 100 - MQL5 programming forum 2019.07.19 - You must normalize lots properly and check against min and max.
- You must also check FreeMargin to avoid stop out
Most pairs are worth about $10 per PIP. A $5 risk with a (very small) 5 PIP SL is $5/$10/5 or 0.1 Lots maximum.
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Hello World!
Could anyone give me some advice or a clue on how to get my breakeven function to work?
Not asking for anyone to fix my code as I respect you all and there are no slaves here. :)
Here is my attempt.
Just trying to create a function that will move the stop-loss to break-even.
Pretty sure not all the code is working as intended. Just trying to fix this part first haha.
I will post all the code so you can see the whole picture.
Thanks in advance for anyone willing to point me in the right direction. And yes I have read the manual. It just doesnt always stay in my brain ^^