There has been an EA that opened trades based on a given price band. trader inputs the band's high/low value, and the ea buys on high, stops and reverses on low (and vice versa). If any of you have anything similar or can help with coding, it would be most appreciated. the logic should be very simple. All the ea should do is place market orders and increase the tp by the value of lost pips after reversal occurs. Also the magic number is important to be able to have multiple eas on at the same time.
The idea is to buy on previous day's high, or sell on its low, and reverse if the sl gets hit. initial tp is 20 pips and sl is the other order's level. The ea should allow for direction change as many times as it is necessary for the price to finally take off away from the set band.

Edit: had to update the pic.

Attached Images

high low buy sell 20 pip target.gif (60.1 KB, 78 views)

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I've found this thread on a high/low break out : Daily high-low break system EA
do you think it could be a good starting point?

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I've found another ea on mt yahoo forum: http://www.lightpatch.com/forex/_MT4...uy_Lo_Sell.mq4


//+------------------------------------------------------------------+
//| Hi_Buy_Lo_Sell |
//|This EA will take the previous bar hi and low, set a stop buy on |
//|the high price, set a stop sell at the low price, and close |
//|pending trades at EOD. |
//+------------------------------------------------------------------+

//---- input parameters
extern int EOD=24;
extern int BreakEven=10;
extern int StopLoss=50;
extern int TrailingStopStep=20;
extern int TakeProfit=15;
extern double Lots=0.1;
extern int Pips=5;
extern double StartingBalance=5000;
extern int timeframe=0;

//+------------------------------------------------------------------+
//| expert start function |
//+------------------------------------------------------------------+
int start()
{
//----
int i,Ticket,LastOrderTime,StartTime,StartTime1,EODTim e,MN;

//Settings for each currency pair. Copy "else if" to create more.
if (!IsTesting()){
if (Symbol()=="EURUSD"){
StopLoss=20;
BreakEven=0;
TakeProfit=0;
}
else if (Symbol()=="GBPUSD"){
StopLoss=20;
BreakEven=0;
TakeProfit=0;
}
else { //default
StopLoss=20;
BreakEven=0;
TakeProfit=0;
}
}

// Ron's mod for lot increasement based on StartingBalance
// this will trade 1.0, then 1.1, then 1.2 etc as balance grows
// or 0.9 then 0.8 then 0.7 as balance shrinks
Lots=NormalizeDouble(AccountBalance()/StartingBalance,1);
Lots=Lots/10; //allow for mini account.
if (Lots>50) Lots=50;


//Count time
if(CurTime()==StrToTime("00:00")) {
StartTime1=StrToTime("00:00");
if(DayOfWeek()==5) EODTime=MathMin(StrToTime("22:55"),StrToTime(EOD+" :00"));
else if (EOD==24) EODTime=StrToTime("23:59");
else EODTime=StrToTime(EOD+":00")-60;
}

//Set orders
if(CurTime()>=StartTime1 && CurTime()<StartTime1+300){
MN=1;
StartTime=StartTime1;
SetOrders(MN,StartTime);
}
/*
//Manage of open orders
for (i=0;i<OrdersTotal();i++){
OrderSelect(i,SELECT_BY_POS,MODE_TRADES);
if(CurTime()<=GlobalVariableGet("LastOrderTime")+1 0) Sleep(10000);
if(CurTime()>=EODTime){
//if(OrderSymbol()==Symbol() && OrderType()==OP_BUY) OrderClose(OrderTicket(),OrderLots(),Bid,3,Red);
//if(OrderSymbol()==Symbol() && OrderType()==OP_SELL) OrderClose(OrderTicket(),OrderLots(),Ask,3,Red);
if(OrderSymbol()==Symbol() && OrderType()==OP_BUYSTOP) OrderDelete(OrderTicket());
if(OrderSymbol()==Symbol() && OrderType()==OP_SELLSTOP) OrderDelete(OrderTicket());
GlobalVariableSet("LastOrderTime",CurTime());
}
else {
if(TrailingStopStep==0){ //move at break even ("BE") if profit>BE
if(OrderSymbol()==Symbol() && OrderType()==OP_BUY){
if(High[0]-OrderOpenPrice()>=BreakEven*Point && OrderStopLoss()!=OrderOpenPrice()){
OrderModify(OrderTicket(),OrderOpenPrice(),OrderOp enPrice(),OrderTakeProfit(),0,Green);
GlobalVariableSet("LastOrderTime",CurTime());
}
}
if(OrderSymbol()==Symbol() && OrderType()==OP_SELL){
if(OrderOpenPrice()-Low[0]>=BreakEven*Point && OrderStopLoss()!=OrderOpenPrice()){
OrderModify(OrderTicket(),OrderOpenPrice(),OrderOp enPrice(),OrderTakeProfit(),0,Green);
GlobalVariableSet("LastOrderTime",CurTime());
}
}
}
else { //use trailing stop
if(OrderSymbol()==Symbol() && OrderType()==OP_BUY){
if(High[0]-OrderStopLoss()>=(StopLoss+TrailingStopStep)*Point ){
OrderModify(OrderTicket(),OrderOpenPrice(),OrderSt opLoss()+TrailingStopStep*Point,OrderTakeProfit(), 0,Green);
GlobalVariableSet("LastOrderTime",CurTime());
}
}
if(OrderSymbol()==Symbol() && OrderType()==OP_SELL){
if(OrderStopLoss()-Low[0]>=(StopLoss+TrailingStopStep)*Point){
OrderModify(OrderTicket(),OrderOpenPrice(),OrderSt opLoss()-TrailingStopStep*Point,OrderTakeProfit(),0,Green);
GlobalVariableSet("LastOrderTime",CurTime());
}
}
}
}
}
*/
//Reset global variables at EOD
if(CurTime()>=EODTime) GlobalVariablesDeleteAll();

return(0);
}
//+------------------------------------------------------------------+

int SetOrders(int MN,int StartTime){
int i,Ticket,LastOrderTime,Bought=0,Sold=0,ShiftToStar t,ShiftToBeginOfRange,timeframe;
double EntryLong,EntryShort,SLLong,SLShort,TPLong=0,TPSho rt=0;

if(timeframe==0) {timeframe=Period();}
//Determine entry and stop.
EntryLong =High[1];
EntryShort =Low[1];
SLLong =MathMax(EntryLong-StopLoss*Point,EntryShort);
SLShort =MathMin(EntryShort+StopLoss*Point,EntryLong);

if (TakeProfit>0)
{
TPLong =EntryLong+TakeProfit*Point;
TPShort =EntryShort-TakeProfit*Point;
}

//Check Orders
for (i=0;i<OrdersTotal();i++)
{
OrderSelect(i,SELECT_BY_POS,MODE_TRADES);
if(OrderSymbol()==Symbol() && (OrderType()==OP_BUYSTOP) && OrderMagicNumber()==MN) OrderDelete(OrderTicket());
if(OrderSymbol()==Symbol() && (OrderType()==OP_SELLSTOP) && OrderMagicNumber()==MN) OrderDelete(OrderTicket());
}
// if(Bought==0)
// { //no buy order
Ticket=OrderSend(Symbol(),OP_BUYSTOP,Lots,EntryLon g,3,SLLong,TPLong,"Hi_Buy_Lo_Sell",MN,0,Green);
if(Ticket<0 && GetLastError()==130)
Ticket=OrderSend(Symbol(),OP_BUY,Lots,Ask,3,SLLong ,TPLong,"Hi_Buy_Lo_Sell",MN,0,Green);
GlobalVariableSet("LastOrderTime",OrderOpenTime()) ;
// }
// if(Sold==0)
// { //no sell order
Ticket=OrderSend(Symbol(),OP_SELLSTOP,Lots,EntrySh ort,3,SLShort,TPShort,"Hi_Buy_Lo_Sell",MN,0,Green) ;
if(Ticket<0 && GetLastError()==130)
Ticket=OrderSend(Symbol(),OP_SELL,Lots,Bid,3,SLSho rt,TPShort,"Hi_Buy_Lo_Sell",MN,0,Green);
GlobalVariableSet("LastOrderTime",OrderOpenTime()) ;
// }
}

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