EA Based on Price Movement

babarmughal · #1 (**permalink**) 05-03-2006, 10:44 PM

Hi Guys,

Can someone please help me by making a simple EA...which places a BUY order few pips away from the current price.....e.g GBPUSD is 1.8000 what I want EA to do is place BUY order if price goes to 1.8100 and place SELL order if the price drops to 1.7900 with trailing stop.......i dont know what do you call this type of trading.....

Thanks in Advance
Babar

codersguru · #2 (**permalink**) 05-03-2006, 11:12 PM

Quote:

Originally Posted by babarmughal

Hi Guys,

Can someone please help me by making a simple EA...which places a BUY order few pips away from the current price.....e.g GBPUSD is 1.8000 what I want EA to do is place BUY order if price goes to 1.8100 and place SELL order if the price drops to 1.7900 with trailing stop.......i dont know what do you call this type of trading.....

Thanks in Advance
Babar

Babar,

It's call a "Pending Order"

Please use this function to open a pending order:

PHP Code:


			
int OpenPendingOrder(int pType=OP_BUYLIMIT,double pLots=1,double pLevel=5,int sp=0, double sl=0,double tp=0,string pComment="",int pMagic=123,datetime pExpiration=0,color pColor=Yellow)
{
  int ticket=0;
  int err=0;
  int c = 0;
  
  switch (pType)
  {
      case OP_BUYLIMIT:
         for(c = 0 ; c < NumberOfTries ; c++)
         {
            ticket=OrderSend(Symbol(),OP_BUYLIMIT,pLots,Ask-pLevel*Point,sp,(Ask-pLevel*Point)-sl*Point,(Ask-pLevel*Point)+tp*Point,pComment,pMagic,pExpiration,pColor);
            err=GetLastError();
            if(err==0)
            { 
               break;
            }
            else
            {
               if(err==4 || err==137 ||err==146 || err==136) //Busy errors
               {
                  Sleep(5000);
                  continue;
               }
               else //normal error
               {
                  break;
               }  
            }
         }
         break;
      case OP_BUYSTOP:
         for(c = 0 ; c < NumberOfTries ; c++)
         {
            ticket=OrderSend(Symbol(),OP_BUYSTOP,pLots,Ask+pLevel*Point,sp,(Ask+pLevel*Point)-sl*Point,(Ask+pLevel*Point)+tp*Point,pComment,pMagic,pExpiration,pColor);
            err=GetLastError();
            if(err==0)
            { 
               break;
            }
            else
            {
               if(err==4 || err==137 ||err==146 || err==136) //Busy errors
               {
                  Sleep(5000);
                  continue;
               }
               else //normal error
               {
                  break;
               }  
            }
         }
         break;
      case OP_SELLLIMIT:
         for(c = 0 ; c < NumberOfTries ; c++)
         {
            ticket=OrderSend(Symbol(),OP_SELLLIMIT,pLots,Bid+pLevel*Point,sp,(Bid+pLevel*Point)+sl*Point,(Bid+pLevel*Point)-tp*Point,pComment,pMagic,pExpiration,pColor);
            err=GetLastError();
            if(err==0)
            { 
               break;
            }
            else
            {
               if(err==4 || err==137 ||err==146 || err==136) //Busy errors
               {
                  Sleep(5000);
                  continue;
               }
               else //normal error
               {
                  break;
               }  
            }
         } 
         break;
      case OP_SELLSTOP:
         for(c = 0 ; c < NumberOfTries ; c++)
         {
            ticket=OrderSend(Symbol(),OP_SELLSTOP,pLots,Bid-pLevel*Point,sp,(Bid-pLevel*Point)+sl*Point,(Bid-pLevel*Point)-tp*Point,pComment,pMagic,pExpiration,pColor);
            err=GetLastError();
            if(err==0)
            { 
               break;
            }
            else
            {
               if(err==4 || err==137 ||err==146 || err==136) //Busy errors
               {
                  Sleep(5000);
                  continue;
               }
               else //normal error
               {
                  break;
               }  
            }
         } 
         break;
  } 
  
  return(ticket);
}

babarmughal · #3 (**permalink**) 05-03-2006, 11:16 PM

Thanks CodersGuru,

now how can I get the coding for trailing stop.....can you please help me making this EA....

Thanks
Babar

firedave · #4 (**permalink**) 05-04-2006, 03:17 AM

Quote:

Originally Posted by babarmughal

Hi Guys,

Can someone please help me by making a simple EA...which places a BUY order few pips away from the current price.....e.g GBPUSD is 1.8000 what I want EA to do is place BUY order if price goes to 1.8100 and place SELL order if the price drops to 1.7900 with trailing stop.......i dont know what do you call this type of trading.....

Thanks in Advance
Babar

Hi Babar, then what you do with the trade ? If price goes to 1.8100 and fill your BUY order, then move back to 1.8000, what to do ? If price retrace back all the way to fill the SELL order at 1.7900, what to do ? Hope you could give more entry rule / trading plan for this strategy. Just my two cents

babarmughal · #5 (**permalink**) 05-04-2006, 09:38 AM

Hi Dave,

Thanks for your reply.....well if the price hits 1.8100 then ofcourse there will be stop loss and trailing stop. and ake Profit will be say 50 pip......price reverses...and will be closed b stop loss...and vice versa for Sell...

Thanks
Babar

babarmughal · #6 (**permalink**) 05-04-2006, 04:12 PM

Hi Dave ,

Can you please help me in this EA.......Thanks

Babar

babarmughal · #7 (**permalink**) 05-04-2006, 05:51 PM

Come on guy ....can you please help me making this EA..........

Thanks in Advance
Babar

Pecunia non olet · #8 (**permalink**) 05-07-2006, 09:45 PM

You might find this to be interesting:

http://www.metaquotes.ru/forum/6950/

It might be exactly what you're looking for...

I hope it helps!

Techguy · #9 (**permalink**) 05-08-2006, 06:56 AM

Quote:

switch (pType)
{
case OP_BUYLIMIT:
for(c = 0 ; c < NumberOfTries ; c++)
{
ticket=OrderSend(Symbol(),OP_BUYLIMIT,pLots,Ask-pLevel*Point,sp,(Ask-pLevel*Point)-sl*Point,(Ask-pLevel*Point)+tp*Point,pComment,pMagic,pExpiration ,pColor);
err=GetLastError();
if(err==0)
{
break;
}
else
{
if(err==4 || err==137 ||err==146 || err==136) //Busy errors
{
Sleep(5000);
continue;
}
else //normal error
{
break;
}
}
}
break;
case OP_BUYSTOP:
for(c = 0 ; c < NumberOfTries ; c++)
{
ticket=OrderSend(Symbol(),OP_BUYSTOP,pLots,Ask+pLe vel*Point,sp,(Ask+pLevel*Point)-sl*Point,(Ask+pLevel*Point)+tp*Point,pComment,pMag ic,pExpiration,pColor);
err=GetLastError();
if(err==0)
{
break;
}
else
{
if(err==4 || err==137 ||err==146 || err==136) //Busy errors
{
Sleep(5000);
continue;
}
else //normal error
{
break;
}
}
}
break;

SUPER! THANK YOU!