Zamanib,
I understand what you wrote, but I don't see how you close at a profit.
This looks to me like a Hedge type EA.
There are several of those in forex-tsd,
and you don't have to Martingale.

Big Be

longs ar closed at "bid" price, while shorts are closed at "ask" price.

I see the market move in waves up and down some week you get 2 cycles up/down i have a different stratey when it trend. i trade manualy
please direct me to the hedge ea . I see lot of it . but not what excatly what i want.

Thanks for replying.
For some reason my code doesnt work:

if (OrderSelect(orderNo, SELECT_BY_TICKET)==true) {
if (OrderType() == OP_BUY && Close[0] >= OrderTakeProfit()) CloseOrder(orderNo);
if (OrderType() == OP_SELL && Close[0] <= OrderTakeProfit()) CloseOrder(orderNo); }


I would be grateful for advice.

euro

Right; "Close[0]" is the "bid" price, which is not the price an OP_SELL is closed against. An OP_SELL is closed against the "ask" price, which is some few pips (aka spread) above the "bid" price.

When your EA runs, the "bid" price is also available as the variable named "Bid" and the "ask" price as the variable named "Ask". So the code snippet would be better looking like:

Hi,

I have new in writing EA, I was trying the following but got an error of "Invalid ticket for OrderModify function", Can someone please kindly have a look and help? Thanking in advance.


void ModifyHedgeSL(int SL) {
if (SL<1) return;
bool bres;
double sl,openadj;

if (lastopenbuy==1 && lastopensell==0) {openadj=Ask-Bid;} else {openadj=0;}

for (int i = 0; i < OrdersTotal(); i++) {
OrderSelect (i, SELECT_BY_POS,MODE_TRADES);
if ( OrderSymbol() == Symbol() || OrderMagicNumber() == expertId && OrderType() == OP_BUY )
{
sl = GetLastLongOpenPrice()-openadj-SL*Point;
bres = OrderModify (OrderTicket(), OrderOpenPrice(), sl, OrderTakeProfit(), 0, White);
if (bres) Print("Modifing Hedge BUY completed");
if (!bres) Print("Error Modifying Hedge BUY order : ",ErrorDescription(GetLastError()));
}

if ( OrderSymbol() == Symbol() || OrderMagicNumber() == expertId && OrderType() == OP_SELL )
{
sl = GetLastShortOpenPrice()-openadj+SL*Point;
bres = OrderModify (OrderTicket(), OrderOpenPrice(), sl, OrderTakeProfit(), 0, Gold);
if (bres) Print("Modifing Hedge SELL completed");
if (!bres) Print("Error Modifying Hedge SELL order : ",ErrorDescription(GetLastError()));
}
}
return;
}

double GetLastLongOpenPrice() {
int ord;
double LastLongOpenPrice=0;
//----
for (int i = 0; i <= OrdersTotal(); i++)
{
OrderSelect(i,SELECT_BY_POS,MODE_TRADES);
if (OrderSymbol() == Symbol() && OrderMagicNumber()==expertId && OrderType() == OP_BUY)
{
LastLongOpenPrice=OrderOpenPrice();
}
}
if (LastLongOpenPrice>0) {return(LastLongOpenPrice);}
else {return(-1);}
}

For example, if I buy 1 lot of EUR/JPY at 164.30 and Sl at 164.00.
if SL is hit, then I'll place another buy order at the same price, 164.30, with the same SL at 164, and with more lots, say 1.5. Then if SL is hit again, another buy order will be placed to buy 2 lots at the same price with the same SL.
Is there any code for this?? Thanks!

__________________
Enjoy trading. Have a goal, make it happen.
http://boostrade.spaces.live.com

Look at this thread about Frank EA Buy/sell EA
I think it is what you need or you can use it as an example.

tks a lot newdigital, any questions i'll place here. tks again.

__________________
Enjoy trading. Have a goal, make it happen.
http://boostrade.spaces.live.com

Ralph,

as you can see I call a separate function CloseOrder() where i had used 'Ask' and 'Bid' as you recommend but the problem still exist.

// Function CloseOrder ************************************************** ********
bool CloseOrder(int orderT) {
double sA;
if (OrderSelect(orderT, SELECT_BY_TICKET)==true) {
if (OrderType() == OP_BUY) sA = Bid;
else sA = Ask;
bool bClosed = OrderClose(orderT,OrderLots(),sA,0,CLR_NONE);
if (bClosed == 1) {
pTrades = 0; return(1); }
else return(0); }}
************************************************** ********

I was hoping it will quarantee that the trade will be closed once TP is hit, but that is not the case, see chart attached, where the short order was opened at 104.03 with TP at 103.79. Althouth the price hit it (TP) the order wasn't closed.

Attached Images

TP failed.JPG (31.8 KB, 61 views)