iLow function in MQL4 not working | Forex Factory

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iLow function in MQL4 not working

  • #1
  • First Post: Jan 12, 2014 1:35am Jan 12, 2014 1:35am
Guys,

In MQL4, case 2) below is not working both on forward/backward tests also. However iLow(Symbol(), PERIOD_D1, 1) works.

Any expert comments


1) if (Ask > iHigh(Symbol(), PERIOD_D1, 0)) { ordersend...} is working
2) if ( Bid < iLow(Symbol(), PERIOD_D1, 0) ) { ordersend...} not working <===


Any idea wat's wrong, Please shed your thoughts (or) alternatives..

Regards,
Scoobi
Scoobi doobi doo
  • #2
  • Jan 12, 2014 1:59am Jan 12, 2014 1:59am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
That's normal.

The Bid can't be lower than the current candle low.
MT4/MT5 EAs/Indicators/Alerts coder
  • #3
  • Jan 12, 2014 2:31am Jan 12, 2014 2:31am
right Ferrufx
Scoobi doobi doo
  • #4
  • Jan 17, 2014 11:40pm Jan 17, 2014 11:40pm
Ferrufx,

What's the best way out to find today's daily high and low dynamically for a currency pair , to my understanding the below one will do the job .

for current days high and low :

TodaysHigh= iHigh(Symbol(), PERIOD_D1, 0);
TodaysLow= iLow(Symbol(), PERIOD_D1, 0);

for previous high and low :

PrevDaysHigh= iHigh(Symbol(), PERIOD_D1, 1);

PrevDaysLow= iLow(Symbol(), PERIOD_D1, 1);

How about other alternative to find todays daily high and low , if you can shed some light w.r.t the same.

Regards
Scoobidoobi
Scoobi doobi doo
  • #5
  • Jan 17, 2014 11:41pm Jan 17, 2014 11:41pm
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Scoobidoobi
Ferrufx, What's the best way out to find today's daily high and low dynamically for a currency pair , to my understanding the below one will do the job . for current days high and low : TodaysHigh= iHigh(Symbol(), PERIOD_D1, 0); TodaysLow= iLow(Symbol(), PERIOD_D1, 0); for previous high and low : PrevDaysHigh= iHigh(Symbol(), PERIOD_D1, 1); PrevDaysLow= iLow(Symbol(), PERIOD_D1, 1); How about other alternative to find todays daily high and low , if you can shed some light w.r.t the same. Regards Scoobidoobi
You got it ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #6
  • Jan 17, 2014 11:58pm Jan 17, 2014 11:58pm
Ferrufx,

If my entry condition is per say enter a trade at the break of todays daily high or low (not based on previous day daily high/low), how to go about it?

For instance :

if (Ask > iHigh(Symbol(), PERIOD_D1, 0)) { ordersend...} ==> enter a trade if todays daily high broken
if ( Bid < iLow(Symbol(), PERIOD_D1, 0) ) { ordersend...} ==> this one wont work as you told "The Bid can't be lower than the current candle low."


what to do as alternative?, can you please provide some suggestions. Thanks
Scoobi doobi doo
  • #7
  • Jan 18, 2014 12:07am Jan 18, 2014 12:07am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Scoobidoobi
Ferrufx, If my entry condition is per say enter a trade at the break of todays daily high or low (not based on previous day daily high/low), how to go about it? For instance : if (Ask > iHigh(Symbol(), PERIOD_D1, 0)) { ordersend...} ==> enter a trade if todays daily high broken if ( Bid < iLow(Symbol(), PERIOD_D1, 0) ) { ordersend...} ==> this one wont work as you told "The Bid can't be lower than the current candle low." what to do as alternative?, can you please provide some suggestions. Thanks
That makes absolutely no sense to trade the break of the current day high/low. Price is making new high and low when it goes higher or lower.

The price shown on chart never breaks the current day high/low.
MT4/MT5 EAs/Indicators/Alerts coder
  • #8
  • Jan 18, 2014 12:16am Jan 18, 2014 12:16am
It doesn't make sense agreed , but the point am trying to deduce for a new project thesis is reversing the logics where it doesn't make sense .

Forget if its gonna win or lose, for option 2) below is there any way to do it to make sure "Ordersend" inside in the IF loop triggers an sell ( if todays daily low broken ) thats all I require



1) if (Ask > iHigh(Symbol(), PERIOD_D1, 0)) { ordersend...} ==> enter a trade if todays daily high broken
2) if ( Bid < iLow(Symbol(), PERIOD_D1, 0) ) { ordersend...} ==> this one wont work as you told "The Bid can't be lower than the current candle low."

Cheers
Scoobi doobi doo
  • #9
  • Jan 18, 2014 12:20am Jan 18, 2014 12:20am
In simple words, need a code which takes SELL order if a new daily low of the pair is made for the day...
Scoobi doobi doo
  • #10
  • Jan 18, 2014 12:29am Jan 18, 2014 12:29am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Scoobidoobi
In simple words, need a code which takes SELL order if a new daily low of the pair is made for the day...
If you are taking the low of the current day, the EA will enter an order each time price continue to go down through the previous low tick by tick.

You must define clearly your reference point instead of the basic current day low (ie. wait for the current candle to close ... assuming that you are trading on a TF lower than daily).
MT4/MT5 EAs/Indicators/Alerts coder
  • #11
  • Jan 18, 2014 12:34am Jan 18, 2014 12:34am
Right ferrufx, but i will have sl , tp and trailstop etc. for the opened order that will stop from taking new order for every tick & also
i will not open new order if an existing order is open
Scoobi doobi doo
  • #12
  • Last Post: Jan 18, 2014 12:45am Jan 18, 2014 12:45am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Scoobidoobi
Right ferrufx, but i will have sl , tp and trailstop etc. for the opened order that will stop from taking new order for every tick & also i will not open new order if an existing order is open
Trading the current day high/low will give you a trade the 2nd tick of the day.

The very first tick of the day will be the current high and the current low ... the next tick (the 2nd of the day) will be in any case above/below the high/low.

For your very 1st trade of the day, you would have to define a time to start to look at the high/low instead of starting right away at 00:00.
MT4/MT5 EAs/Indicators/Alerts coder
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