Specification
//+------------------------------------------------------------------+
//| MyEA.mq5 |
//| Copyright 2024, Your Company Name |
//| http://www.yourwebsite.com|
//+------------------------------------------------------------------+
#property copyright "2024, Your Company Name"
#property link "http://www.yourwebsite.com"
#property version "1.00"
#property strict
//+------------------------------------------------------------------+
//| Expert initialization function |
//+------------------------------------------------------------------+
int OnInit()
{
// Place your initialization code here
return INIT_SUCCEEDED;
}
//+------------------------------------------------------------------+
//| Expert deinitialization function |
//+------------------------------------------------------------------+
void OnDeinit(const int reason)
{
// Place your deinitialization code here
}
//+------------------------------------------------------------------+
//| Expert tick function |
//+------------------------------------------------------------------+
void OnTick()
{
// Place your trading logic here
double stopLossDistance = 30.0; // Stop loss distance in pips
double stopLossPrice = 0.0; // Stop loss price
double entryPrice = Ask(); // Get current ask price (assuming long trade)
// Calculate stop loss price
if (stopLossDistance > 0)
{
stopLossPrice = entryPrice - stopLossDistance * Point;
}
// Place stop loss order
if (stopLossPrice > 0)
{
int ticket = OrderSend(Symbol(), OP_BUY, 0.1, entryPrice, 2, stopLossPrice, 0, "Stop Loss", 0, 0, clrNONE);
if (ticket > 0)
{
Print("Stop loss order placed successfully at price ", stopLossPrice);
}
else
{
Print("Error placing stop loss order: ", GetLastError());
}
}
}
//+------------------------------------------------------------------+
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