sujenthiran:
Please help me on this. I have limited knowledge on scripting.
its immedietly enter new trade once existing trade closed- MT4: Learn to code it.
MT5: Begin learning to code it. If you don't learn MQL4/5, there is no common language for us to communicate. If we tell you what you need, you can't code it. If we give you the code, you don't know how to integrate it into yours. - or pay (Freelance) someone to code it.
Hiring to write script - General - MQL5 programming forum
- MT4: Learn to code it.
-
if (Close[0]> ma5h && ma5h > bbm) {
You are looking at a signal. Act on a change of signal.
MQL4 (in Strategy Tester) - double testing of entry conditions - Strategy Tester - Expert Advisors and Automated Trading - MQL5 programming forum #1 -
double lotSize = AccountBalance() * risk /25/ (stopLoss * tickVal);
If you are worried about margin and leverage, you are not controlling your risk. 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. No SL means you have infinite risk.
- You place the stop where it needs to be — where the reason for the trade is no longer valid.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
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DearFriends,
Please help me on this. I have limited knowledge on scripting.
I created my EA robot based on the internet findings.
Kindly advice me on below:
1.When i test my EA on tester its immedietly enter new trade once existing trade closed (which not make sense for me). By right once existing trade closed EA should wait for next signal before enter the trade. How to fix this?
2. How to configure EA to check latest data/bars before enter new trade once conditions meet.
Advance Thanks.
Regards,
Sujen