EA help - to NOT trade in current period

Looking for a single (or more) line of code to do the following: ... "To NOT trade in a period where the EA has already closed a trade".

The Open & Close criteria are to close together in this EA making it possible for a weak re-entry to follow a proper close. By not allowing an entry in the same bar that the previous trade exited, or postponing the entry until the next "BAR" there should be enough time for conditions to safely change.

Appreciate your input on how to do this... Thanks.

Hi Pip Parade,

I think you can do this by the following method. "Bars" is used by the MT4 to keep track of bars on the current chart. So, it will change only when a new bar comes.

1. Define a "int LastBars" variable before the "init" function.
2. when closing a trade, assign the Bars value to it ("LastBars=Bars").
3. Dont open a new trade "if (LastBars==Bars) ".

chandra

Hi chandra,

Thank you for your input ... I remember your help on my previous thread "EA Won't Execute ... any suggestions?" and appreciate it. Due largely to input by charlies, I've made a lot of progress since then. This EA is running and the pips are adding up but am still trying to work out a couple of final "tweaks" for it. Will be happy to forward a final (or near final) copy to you.

I'll take a run at applying your suggestion in hopes I've learned enough about the ME4 programming to make it work. There is one other line I'm looking for to apply here.

How would you script a "one time" s/l move? That is, when the trade has moved say 30 pips profitable to adjust the s/l to a 2 pip profit. Gives a 28 pip cushion and the comfort of earning something in case of a reversal.

Pip Parade

Hi Pip Parade,

An example of using the technique mentioned in chandra's post:

http://www.forexfactory.com/showpost...5&postcount=14

This may help?

Regards,
lucidlamp

Hi lucidlamp,

Nice to hear from you. The graph doesn't seem to apply. Do you mean the MX4 file instead? I do see a reference to iBars(NULL,PERIOD_H1) in it but haven't sifted thru it.

Here's the issue I'm wrestling with.

a) The current version is set to trigger ONLY at the beginning of a bar. Problem occurs when a pair turns against me DURING a bar. So, I want to allow the trade to close out in the middle of a bar.

b) This EA is based on the ADX and the ENTRY command is at the same point as the EXIT command. 1 going "up" and the other going "down" ... so it is possible that a new trade could re-enter 2 minutes after an exit.

c) So, I figure if I can allow only 1 action (either in OR out) during a 4-hour period the action can move far enough to be "safe".

Are you able to take a stab at a line of code for this???

Thanks,

Pip Parade

Hi Pip Parade,

To script a one-time SL move, you just add a control saying,
if (Bid-OrderOpenPrice() > 1*Point) 'dont mess with SL'! (for a Long)
if (OrderOpenPrice()-Ask > 1*Point) 'dont mess with SL'! (for a Short)
This will block the TrailStop from working after reaching the desired breakeven point.

Surely it can be done. But it needs two things.
1. You have to monitor the current position all the time and note the time (say LastTime=CurrentTime(), similar to LastBar=Bars).
2. block trades until CurrentTime() > LastTime+120. When a open position is closed, the LastTime will stay at the time it was closed and will not be updated and so, after 120 seconds, new positions will be allowed. When there is a open position, the LastTime will keep changing and new position will be blocked continuously (but that we don't care).

These two things I can do. So, if you have difficulty implementing these two, I can do it for you during the holidays. Should not be big deal I think.

Regards,
chandra