After stop is hit, EA reopens trade

Quoting mrebersv

Disliked

I'm having a bit of trouble with my EA. It uses three indicators. I also implement a stoploss, but after the stoploss is hit, often times the conditions to open a new order the same direction as the recently-stopped order are still active. Does anyone have a way to make it wait a bar or two before it opens a trade in the same direction again?

-mrebersv-

Ignored

Quoting charlinks

Disliked

I have the same problem. I think my solution would be to use the global variables and to wait certain number of ticks before reopening new position.


Global variables are a great way to keep the persistence of your strategy.

Ignored

Quoting tesla

Disliked

You guys are sort of working at this backwards. You're looking for a solution to fit a vaguely defined problem.

Do you want the EA to only open one trade and then have to be reloaded?
Do you want the EA to only open one trade per bar?
Do you want the EA to only open one trade every x minutes?

The solution could be different for each. Since you guys putting forth an honest effort I'll be happy to help you out. Define exactly the behavior you're looking for and I'll help you get there.

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if(Close[0]>dPriceHigh+(PipBox*Point) && WeHaveTraded=False)
        {
         int ticket=OrderSend(Symbol(),OP_BUY,LotSize,Ask,5,dPriceHigh-SLDef*Point,dPriceHigh+TakeProfit*Point,"Opening-Range Trade BUY",16384,0,Yellow);
         if(ticket>0)
            {
             if(OrderSelect(ticket,SELECT_BY_TICKET,MODE_TRADES)) 
               {
               Print("BUY order opened : ",OrderOpenPrice());
               GlobalVariableSet("WeAreInATrade",TRUE);     //...To prevent multiple entries per day.
               GlobalVariableSet("TicketNumber" ,ticket);   //...Remember ticket number for manageing trade later on.
                                                            //   This will help with Break even, trailing stop coed etc
               }
            }
            else Print("Error opening BUY order : ",GetLastError()); 
            return(0); 
        }

Quoting mrebersv

Disliked

I'm having a bit of trouble with my EA. It uses three indicators. I also implement a stoploss, but after the stoploss is hit, often times the conditions to open a new order the same direction as the recently-stopped order are still active. Does anyone have a way to make it wait a bar or two before it opens a trade in the same direction again?

-mrebersv-

Ignored

Quoting The Jedi

Disliked

I can't get the EA to recognize the global variable of "WeHaveTraded", so I'm currently stumped. I would like it to be able to set a variable that more or less looks to see if it's opened an order between time A and time B and then to leave it alone if it has and then reset for the next day? Any help is greatly appreciated. PM me if you need more in depth details or the whole MQL file.

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#define  GLOBVAR_TRIGGERED1    "TriggeredTradeOne"

int start() {

    int iTradeOne = GlobalVariableGet(GLOBVAR_TRIGGERED1);
    Print("Trade #1 State = ", iTradeOne);
    
    GlobalVariableSet(GLOBVAR_TRIGGERED1,true);
    
    iTradeOne = GlobalVariableGet(GLOBVAR_TRIGGERED1);
    Print("Trade #1 State = ", iTradeOne);
    
    if (iTradeOne)
        Print("Trade #1 has been triggered.");
    
}

Quoting tomhliles

Disliked

the expert opens according to the signal
when the signal is reversed it changes directions
but i would like to be able to use tp, or trail stop
but if i close the trade, another replaces it, so i cant us tp or ts
so i need to open 1 order only per signal even if the trade gets close
it would be great if u could edit this

Attachment

i built this with expert builder
i searched all threw the forums and did find the fix
he showed what to paste in the code
i tried n tried but keep getting compile errors
enexpected commas or something
it seemed simple but i couldnt get it

Ignored

double Buy1_1 = iCustom(NULL, 0, "TFT colour", 0, Current + 0);
double Buy1_2 = iClose(NULL, 0, Current + 0);
double Buy2_1 = iCustom(NULL, 0, "TFT colour", 0, Current + 1);
double Buy2_2 = iClose(NULL, 0, Current + 1);

if (Buy1_1 < Buy1_2 && Buy2_1 >= Buy2_2) Order = SIGNAL_BUY;

datetime tLastLongEntry = Time[0];

if (Buy1_1 < Buy1_2 && Buy2_1 >= Buy2_2 && tLastLongEntry < Time[0]) Order = SIGNAL_BUY;

Quoting r_trader

Disliked

for waiting after close an order you can use from Sleep() function.
It is very simple.
good luck

Ignored

Quoting tesla

Disliked

The only thing that jumps out at me about your code snippet is that you're talking about a global var named "WeHaveTraded" but you're actually setting a global var named "WeAreInATrade". Check the syntax of your GlobalVarGet(...) and GlobalVarSet(...) and just make sure you're calling/setting the same variable.

What you're doing should work. I've got a super-simple code snippet as an example just for reference.

Inserted Code

#define  GLOBVAR_TRIGGERED1    "TriggeredTradeOne"

int start() {

    int iTradeOne = GlobalVariableGet(GLOBVAR_TRIGGERED1);
    Print("Trade #1 State = ", iTradeOne);
    
    GlobalVariableSet(GLOBVAR_TRIGGERED1,true);
    
    iTradeOne = GlobalVariableGet(GLOBVAR_TRIGGERED1);
    Print("Trade #1 State = ", iTradeOne);
    
    if (iTradeOne)
        Print("Trade #1 has been triggered.");
    
}

Ignored

Quoting The Jedi

Disliked

...how do I code it in to recognize a certain trade so that when that trade closes it modifies the stoploss of a second trade? I can't seem to figure out how to get that part working.

IE: Trade one closes for profit; I need the EA to recognize this and then issue an OrderModify to trade two to move the stop loss.

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bool IsLastTrade(string closedBy)
{
     int totalOrders = HistoryTotal();
     if(totalOrders>=1)
     {
          if(OrderSelect(totalOrders-1,SELECT_BY_POS,MODE_HISTORY))
          {
               string orderComment = OrderComment()                              
               return (StringFind(orderComment,closedBy, 0)!=-1);
          }
     }     
     return(0);
}

Quoting mrebersv

Disliked

Immediately after being stopped out, my EA will open a new buy order since there is no longer an open position and the buy conditions have been met. Essentially, this means there is no stop loss since when the stop is hit, I'm back in the market.

Ignored

Quoting tomhliles

Disliked

you see i changed 0 to 1, id like to understand what this is doing, but 0 didnt work

datetime tLastLongEntry = Time[1];
datetime tLastShortEntry = Time[1];
if (Buy1_1 < Buy1_2 && Buy2_1 >= Buy2_2 && tLastLongEntry < Time[0]) Order = SIGNAL_BUY;

if (Sell1_1 > Sell1_2 && Sell2_1 <= Sell2_2 && tLastShortEntry < Time[0]) Order = SIGNAL_SELL;

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