unrealised drawdown script for mt4 | Forex Factory

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unrealised drawdown script for mt4

  • #1
  • First Post: Feb 6, 2009 9:44am Feb 6, 2009 9:44am
does anyone know if there's a script to record maximum unrealised drawdown in pips fot mt4

I place my trades with a tp and leave my computer when i get back I find some profitable trades hit the tp but I'd like to find out how much they went against me before turning back and heading in the right direction.

So i have to manually go into the chart to find out how much the trade went against me (unrealised drawdown)

Is there any script available which would automatically tell me this?

thanks guys
  • #2
  • Feb 6, 2009 10:13am Feb 6, 2009 10:13am
PHP Code
double orderLowestPipsDrawdown(int orderTicket)
{
   OrderSelect(orderTicket, SELECT_BY_TICKET);

   int orderOpenBar = iBarShift(OrderSymbol(), PERIOD_M1, OrderOpenTime(), true);
   int orderCloseBar = iBarShift(OrderSymbol(), PERIOD_M1, OrderCloseTime(), true);
   int barRangeCount = orderOpenBar - orderCloseBar;

   int peakBar;
   double peakPrice;

   if(OrderType() == OP_BUY){
      peakBar = iLowest(OrderSymbol(), PERIOD_M1, MODE_LOW, barRangeCount, orderCloseBar);
      peakPrice = iLow(OrderSymbol(), PERIOD_M1, peakBar);
      return( (OrderOpenPrice() - peakPrice) / MarketInfo(OrderSymbol(), MODE_POINT) );
   }else if (OrderType() == OP_SELL){
      peakBar = iHighest(OrderSymbol(), PERIOD_M1, MODE_HIGH, barRangeCount, orderCloseBar);
      peakPrice = iHigh(OrderSymbol(), PERIOD_M1, peakBar);
      return( (peakPrice - OrderOpenPrice()) / MarketInfo(OrderSymbol(), MODE_POINT) );
   }

   return(0);
}
PHP Code
double symbolHistoryLowestPipsDrawdown(string pair, int magicNumber)
{
   double greatestPips = 0;      
   
   for(int c = 0; c < OrdersHistoryTotal(); c++){
      OrderSelect(c, SELECT_BY_POS, MODE_HISTORY);

      int period = PERIOD_M1;
      int peakBar;
      double peakPrice;
      double drawdownPips;
      
      if(OrderSymbol() == pair && OrderMagicNumber() == magicNumber){
         int orderOpenBar = iBarShift(pair, period, OrderOpenTime());
         int orderCloseBar = iBarShift(pair, period, OrderCloseTime());
         int barRangeCount = orderOpenBar - orderCloseBar;

         if(OrderType() == OP_BUY){
            peakBar = iLowest(OrderSymbol(), period, MODE_LOW, barRangeCount, orderCloseBar);
            peakPrice = iLow(OrderSymbol(), period, peakBar);
            drawdownPips = (OrderOpenPrice() - peakPrice) / MarketInfo(OrderSymbol(), MODE_POINT);
         }else if (OrderType() == OP_SELL){
            peakBar = iHighest(OrderSymbol(), period, MODE_HIGH, barRangeCount, orderCloseBar);
            peakPrice = iHigh(OrderSymbol(), period, peakBar);
            drawdownPips = (peakPrice - OrderOpenPrice()) / MarketInfo(OrderSymbol(), MODE_POINT);
         }
         
         if(drawdownPips > greatestPips) greatestPips = drawdownPips;
      }
   }

   return(greatestPips);
}
Who Farted?
  • #3
  • Feb 6, 2009 12:26pm Feb 6, 2009 12:26pm
thanks a bunch I'll try it out
  • #4
  • Last Post: Feb 6, 2009 12:45pm Feb 6, 2009 12:45pm
jm after compiling this how do i run it i dragged and dropped it onto the chart but nothing happened.
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