Thread: Close Position(s) when Price hits MA
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Old 01-16-2007, 12:29 PM
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Quote:
Originally Posted by zhu28ming
Hello, Sirs
Does any expert know how to close the current position when the price hits a moving average?

Thank you!
I am not an expert on this subject but I know the following.

In the settings of EA write:

Code:
extern int Current=1;
extern string PARAMETERS_INDICATOR_ONE  = "Moving Average for close";
extern int CloseEMA_Period = 21;
extern int MAcloseMode =  1; //0=sma, 1=ema, 2=smma, 3=lwma
then:

Code:
double Buy1_2 = iMA(NULL, 0, CloseEMA_Period, 0, MAcloseMode, PRICE_CLOSE, Current);
     
double Sell1_2 = iMA(NULL, 0, CloseEMA_Period, 0, MAcloseMode, PRICE_CLOSE, Current);
the condition for close buy and sell:

Code:
if (iClose(NULL,0,Current) <= Buy1_2) Order = SIGNAL_CLOSEBUY;
if (iClose(NULL,0,Current) >= Sell1_2) Order = SIGNAL_CLOSESELL;
and finally:

Code:
if (Order == SIGNAL_CLOSESELL) 
               {
               OrderClose(OrderTicket(), OrderLots(), Ask, Slippage, DarkOrange);
                              return(0);
               }
and so on.
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