Sell Signal With A Simple Trendline ? | Forex Factory

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Attachments: Sell Signal With A Simple Trendline ?
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Sell Signal With A Simple Trendline ?

  • #1
  • First Post: Jun 17, 2008 10:17am Jun 17, 2008 10:17am
Hello,

i am using MetaTrader4 @ 1st time and have some basic simple questions :

IS IT POSSIBLE TO CREATE A SELL (BUY) ORDER WITH A SIMPLE TRENDLINE ???
I created a simple trend line following in the Attach File !!! Is it possible to programm a code which SELL (BUY) the EURUSD if the candlesticks are getting touching with the simple trend line ???

Best trades
JACKIE_CHAN


I apologies for this easy simple questions for metatrader4 users ahead !!!
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  • #2
  • Jun 17, 2008 10:48am Jun 17, 2008 10:48am
Sure. If you know the name of the trendline, you can determine its value at any point on the trendline by using the ObjectGetValueByShift function. You just need an ea to monitor that value and place the order.
  • #3
  • Jun 17, 2008 10:51am Jun 17, 2008 10:51am
When The 5min. EURUSD Are Touching The FREE HAND SIMPLE TREND LINE ...

Is It Possible To Place A BUY or SELL ORDER ???

I can`t imagine that this shouldn`t be possible - i am not a programmer !!!
Thanks ahead for help ...
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  • #4
  • Jun 17, 2008 11:04am Jun 17, 2008 11:04am
Quoting magnumfreak
Sure. If you know the name of the trendline, you can determine its value at any point on the trendline ...
Great stuff magnumfreak !!! Thanks ahead for your help ...
I am giving the trendline the name FREE HAND UP SIDE TREND right here right now !!!


Quoting magnumfreak
... by using the ObjectGetValueByShift function.
I am a really metatrader rookie !!! Until the 1st quarter `08 i used ami broker !!! Can you tell me where i can get the ObjectGetValueByShift function and how to use it ???


Quoting magnumfreak
You just need an ea to monitor that value and place the order.
What you mean with : You just need an ea to monitor that value and place the order, can you take some time and explain me this more detailed ???


Thanks ahead magnumfreak & everybody else :
JACKIE_CHAN
  • #5
  • Jun 18, 2008 4:13am Jun 18, 2008 4:13am
What Is The ObjectGetValueByShift Function ???

I Wann Create A Simple Free Hand Trend Line For A Buy Or Sell Signal - Like The Following One In The Attach File ...


Quoting magnumfreak
Sure. If you know the name of the trendline, you can determine its value at any point on the trendline by using the ObjectGetValueByShift function. You just need an ea to monitor that value and place the order.
The Name Of My Simple Free Hand Trend Line Is FREE HAND UP SIDE TREND !!! But How Can I Determine The Value At Any Point On The Trendline By Using The ObjectGetValueByShift Function ??? I Don`t Understand That Point ...

Thanks Ahead For Help :
JACKIE_CHAN
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  • #6
  • Jun 19, 2008 11:13am Jun 19, 2008 11:13am
TrendMeLeaveMe.mq4 !!! Try This ...

Inserted Code
//+------------------------------------------------------------------+
//|                                               TrendMeLeaveMe.mq4 |
//|                              Copyright © 2006, Eng. Waddah Attar |
//|                                          [email="[email protected]"][email protected][/email] |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2007,Eng Waddah Attar"
#property link      "[email protected]"
//----
extern string BuyStop_Trend_Info = "_______________________";
extern string BuyStop_TrendName = "buystop";
extern int    BuyStop_TakeProfit = 50;
extern int    BuyStop_StopLoss = 30;
extern double BuyStop_Lot = 0.1;
extern int    BuyStop_StepUpper = 10;
extern int    BuyStop_StepLower = 50;
extern string SellStop_Trend_Info = "_______________________";
extern string SellStop_TrendName = "sellstop";
extern int    SellStop_TakeProfit = 50;
extern int    SellStop_StopLoss = 30;
extern double SellStop_Lot = 0.1;
extern int    SellStop_StepUpper = 50;
extern int    SellStop_StepLower = 10;
//------
int MagicBuyStop = 1101;
int MagicSellStop = 1102;
int glbOrderType;
int glbOrderTicket;
//+------------------------------------------------------------------+
//|                                                                  |
//+------------------------------------------------------------------+
int init()
  {
   Comment("TrendMeLeaveMe by Waddah Attar");
   return(0);
  }
//+------------------------------------------------------------------+
//|                                                                  |
//+------------------------------------------------------------------+
int deinit()
  {
   Comment("");
   return(0);
  }
//+------------------------------------------------------------------+
//|                                                                  |
//+------------------------------------------------------------------+
int start()
  {
   double vH, vL, vM, sl, tp;
   if(ObjectFind(BuyStop_TrendName) == 0)
     {
       SetObject("High" + BuyStop_TrendName,
                 ObjectGet(BuyStop_TrendName, OBJPROP_TIME1),
                 ObjectGet(BuyStop_TrendName, OBJPROP_PRICE1) + BuyStop_StepUpper*Point,
                 ObjectGet(BuyStop_TrendName, OBJPROP_TIME2),
                 ObjectGet(BuyStop_TrendName, OBJPROP_PRICE2) + BuyStop_StepUpper*Point,
                 ObjectGet(BuyStop_TrendName, OBJPROP_COLOR));
       SetObject("Low" + BuyStop_TrendName,
                 ObjectGet(BuyStop_TrendName, OBJPROP_TIME1),
                 ObjectGet(BuyStop_TrendName, OBJPROP_PRICE1) - BuyStop_StepLower*Point,
                 ObjectGet(BuyStop_TrendName, OBJPROP_TIME2),
                 ObjectGet(BuyStop_TrendName, OBJPROP_PRICE2) - BuyStop_StepLower*Point,
                 ObjectGet(BuyStop_TrendName, OBJPROP_COLOR));
       vH = NormalizeDouble(ObjectGetValueByShift("High"+BuyStop_TrendName,0),Digits);
       vM = NormalizeDouble(ObjectGetValueByShift(BuyStop_TrendName,0),Digits);
       vL = NormalizeDouble(ObjectGetValueByShift("Low"+BuyStop_TrendName,0),Digits);
       sl = vH - BuyStop_StopLoss*Point;
       tp = vH + BuyStop_TakeProfit*Point;
       if(Ask <= vM && Ask >= vL && OrderFind(MagicBuyStop) == false)
           if(OrderSend(Symbol(), OP_BUYSTOP, BuyStop_Lot, vH, 3, sl, tp,
              "", MagicBuyStop, 0, Green) < 0)
               Print("Err (", GetLastError(), ") Open BuyStop Price= ", vH, " SL= ", 
                     sl," TP= ", tp);
       if(Ask <= vM && Ask >= vL && OrderFind(MagicBuyStop) == true && 
          glbOrderType == OP_BUYSTOP)
         {
           OrderSelect(glbOrderTicket, SELECT_BY_TICKET, MODE_TRADES);
           if(vH != OrderOpenPrice())
               if(OrderModify(glbOrderTicket, vH, sl, tp, 0, Green) == false)
                   Print("Err (", GetLastError(), ") Modify BuyStop Price= ", vH, 
                         " SL= ", sl, " TP= ", tp);
         }
     }
   if(ObjectFind(SellStop_TrendName) == 0)
     {
       SetObject("High" + SellStop_TrendName,
                 ObjectGet(SellStop_TrendName, OBJPROP_TIME1),
                 ObjectGet(SellStop_TrendName, OBJPROP_PRICE1) + SellStop_StepUpper*Point,
                 ObjectGet(SellStop_TrendName, OBJPROP_TIME2),
                 ObjectGet(SellStop_TrendName, OBJPROP_PRICE2) + SellStop_StepUpper*Point,
                 ObjectGet(SellStop_TrendName, OBJPROP_COLOR));
       SetObject("Low" + SellStop_TrendName, ObjectGet(SellStop_TrendName, OBJPROP_TIME1),
                 ObjectGet(SellStop_TrendName, OBJPROP_PRICE1) - SellStop_StepLower*Point,
                 ObjectGet(SellStop_TrendName, OBJPROP_TIME2),
                 ObjectGet(SellStop_TrendName, OBJPROP_PRICE2) - SellStop_StepLower*Point,
                 ObjectGet(SellStop_TrendName, OBJPROP_COLOR));
       vH = NormalizeDouble(ObjectGetValueByShift("High" + SellStop_TrendName, 0), Digits);
       vM = NormalizeDouble(ObjectGetValueByShift(SellStop_TrendName, 0), Digits);
       vL = NormalizeDouble(ObjectGetValueByShift("Low" +SellStop_TrendName, 0), Digits);
       sl = vL + SellStop_StopLoss*Point;
       tp = vL - SellStop_TakeProfit*Point;
       if(Bid >= vM && Bid <= vH && OrderFind(MagicSellStop) == false)
           if(OrderSend(Symbol(), OP_SELLSTOP, SellStop_Lot, vL, 3, sl, tp, "", 
              MagicSellStop, 0, Red) < 0)
               Print("Err (", GetLastError(), ") Open SellStop Price= ", vL, " SL= ", sl, 
                     " TP= ", tp);
       if(Bid >= vM && Bid <= vH && OrderFind(MagicSellStop) == true && 
          glbOrderType == OP_SELLSTOP)
         {
           OrderSelect(glbOrderTicket, SELECT_BY_TICKET, MODE_TRADES);
           if(vL != OrderOpenPrice())
               if(OrderModify(glbOrderTicket, vL, sl, tp, 0, Red) == false)
                   Print("Err (", GetLastError(), ") Modify Sell Price= ", vL, " SL= ", sl, 
                         " TP= ", tp);
         }
     }
   return(0);
  }
//+------------------------------------------------------------------+
//|                                                                  |
//+------------------------------------------------------------------+
bool OrderFind(int Magic)
  {
   glbOrderType = -1;
   glbOrderTicket = -1;
   int total = OrdersTotal();
   bool res = false;
   for(int cnt = 0 ; cnt < total ; cnt++)
     {
       OrderSelect(cnt, SELECT_BY_POS, MODE_TRADES);
       if(OrderMagicNumber() == Magic && OrderSymbol() == Symbol())
         {
           glbOrderType = OrderType();
           glbOrderTicket = OrderTicket();
           res = true;
         }
     }
   return(res);
  }
//+------------------------------------------------------------------+
//|                                                                  |
//+------------------------------------------------------------------+
void SetObject(string name,datetime T1,double P1,datetime T2,double P2,color clr)
  {
   if(ObjectFind(name) == -1)
     {
       ObjectCreate(name, OBJ_TREND, 0, T1, P1, T2, P2);
       ObjectSet(name, OBJPROP_COLOR, clr);
       ObjectSet(name, OBJPROP_STYLE, STYLE_DOT);
     }
   else
     {
       ObjectSet(name, OBJPROP_TIME1, T1);
       ObjectSet(name, OBJPROP_PRICE1, P1);
       ObjectSet(name, OBJPROP_TIME2, T2);
       ObjectSet(name, OBJPROP_PRICE2, P2);
       ObjectSet(name, OBJPROP_COLOR, clr);
       ObjectSet(name, OBJPROP_STYLE, STYLE_DOT);
     } 
  }
//+------------------------------------------------------------------+
  • #7
  • Jun 19, 2008 11:58am Jun 19, 2008 11:58am
Quoting Keyser Söze
TrendMeLeaveMe.mq4 !!! Try This ...
Cool - thats what i need ...

But i am a real metatrader rookie !

Can you tell me where i should copy this code in metatrader ?

Do this working with my demo account also ?

Thanks ahead :
Jackie_Chan
  • #8
  • Feb 1, 2016 6:45pm Feb 1, 2016 6:45pm
Hello I am also having same issue. I can't write a program but I use an indicator that shows only buy and sell points and I want a simple ea that uses this indicator to place orders. when the sell point appear, ea sell and when buy point appear ea buy and close sell and if possible there can be a trailing stop. Please can i get help?
  • #9
  • Last Post: Feb 2, 2016 6:29am Feb 2, 2016 6:29am
Quoting Jackie_Chan
{quote} Cool - thats what i need ... But i am a real metatrader rookie ! Can you tell me where i should copy this code in metatrader ? Do this working with my demo account also ? Thanks ahead : Jackie_Chan
This is an Expert Advisor (EA) so place into experts folder of your MT4 ( via Open Data Folder) by copying & pasting file from this link:

https://www.mql5.com/en/code/7066
It never gets easier, you just get better
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