Trade Once Only - Coding Help needed

hoosain · #1 (**permalink**) 05-02-2006, 08:44 AM

Hi, I have an EA that is working quite well. The problem is that in a fast moving market (based on 30min EUR/USD chart) it will open and close two or more trades in the 30min period. What happens is that quite often it will lose on the second or third trade. What I want it to do is to only trade ONCE on a 30min bar. Once a trade has been entered it MUST NOT trade again for at least the next 30mins to an hour. Any help appreciated

chinplant · #2 (**permalink**) 05-02-2006, 12:34 PM

You can avoid duplicating orders by using Time[0] which returns value of current bar's open time.

firedave · #3 (**permalink**) 05-02-2006, 12:42 PM

Like chinplant suggest, you could use this trick :

Code:

datetime
         CheckTime;


//+------------------------------------------------------------------+
//| expert initialization function                                   |
//+------------------------------------------------------------------+
int init()
{
   return(0);
}

//+------------------------------------------------------------------+
//| expert deinitialization function                                 |
//+------------------------------------------------------------------+
int deinit()
{
   return(0);
}


//+------------------------------------------------------------------+
//|                                                                  |
//+------------------------------------------------------------------+
int start()
{

//----------------------- CHECK FOR NEW BAR
   if(CheckTime!=iTime(NULL,TimeFrame,0))
   {
      CheckTime = iTime(NULL,TimeFrame,0);

//----------------------- YOUR ENTRY AND EXIT CONDITION

   }

//----------------------- YOUR TRAILING STOP FUNCTION

}

Hope this help

hoosain · #4 (**permalink**) 05-02-2006, 01:41 PM

Many thanks guys. much appreciated

akiruis · #5 (**permalink**) 05-02-2006, 01:46 PM

Or as simply as:

...

if(CheckTime!=Time[0])
CheckTime = Time[0];

...

firedave · #6 (**permalink**) 05-02-2006, 02:01 PM

Quote:

Originally Posted by akiruis

Or as simply as:

...

if(CheckTime!=Time[0])
CheckTime = Time[0];

...

Yes, that's also could do the trick

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Very basic coding help needed	camisa	Questions	1	05-08-2006 05:36 PM
Coding Needed	nnjeim	Metatrader 4	1	03-15-2006 05:18 AM
Help coding a cam indicator needed.	DanielTyrkiel	Suggestions for Trading Systems	5	11-29-2005 12:48 PM

Register in Forex TSD!
Trading Systems Leaders in this forum (automated trading systems) are winning more than 3000 pips in a month (30000$ investing one lot every time). Click here to register and get more information