About Lot size, Hedging and OrderType() | Forex Factory

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About Lot size, Hedging and OrderType()

  • #1
  • First Post: May 30, 2010 1:06am May 30, 2010 1:06am

  1. I open an order long with 0.1 lot size with a take profit 40 pips
  2. If it goes down let's say 10 pips I want to open another order against it (sell order-opposite direction, hedging, instead of using stoploss) with 0.2 lot size,
  3. if loses again 10 pips open another order(long)against it with 0.3 lot size,
  4. I want to keep going like that till the the take profit is hit (all transactions will close) or till the order lot grows to 1 lot (in this case we will have 5 orders hedging order against each other) HOw can I code that?

I did some changes to an ea, I succeded removing the stoploss when the price hits Hedge opens transaction in opposite direction, but how can I change lots? Suppose to use OrderTotal(), anybody knows? HOw can I see what lot used last transaction and next one to be change? Remember they are all open, none are close till the price hits take profit or progression is exhausted (after 5 orders).



extern string basic="==== TP and SL Settings ========";
extern int TakeProfit=40;
extern int Stoploss=20;
extern int Hedge=10;

extern bool iWantHedging=true;

extern double MLot1=0.1;
extern double MLot2=0.2;
extern double MLot3=0.3;
extern double MLot4=0.4;
extern double MLot5=0.5;

//+----------------------------------------------------------

void iWantHedgingManager()
{
int cnt, total = OrdersTotal();
for(cnt=0;cnt<total;cnt++)
{
OrderSelect(cnt, SELECT_BY_POS, MODE_TRADES);
if ((iWantHedging) && orderBelongsToMe())
{
if (OrderType()==OP_BUY)
{
if (Bid-OrderOpenPrice()<=Point*(-Hedge) && (OrderStopLoss()!= 0))
{
OrderModify(OrderTicket(),OrderOpenPrice(),0,OrderTakeProfit(),0,Green);
sendShortOrder();
}
}

else if (OrderType()==OP_SELL)
{
if ((OrderOpenPrice()-Ask<Point*(-Hedge)) && (OrderStopLoss()!= 0))
{

OrderModify(OrderTicket(),OrderOpenPrice(),0,OrderTakeProfit(),0,Green);
sendLongOrder();
}
}
}
}
}

  • #2
  • May 30, 2010 11:20am May 30, 2010 11:20am
I think you need to use OrderLots(). Don't try to keep track inside the program. OrderLots() will give the accurate up to date count. Documentation is in the online help section.
  • #3
  • May 30, 2010 12:06pm May 30, 2010 12:06pm
hey iulli...... cycle thru and count the number of orders with any particular size.....h

Inserted Code
 
int Count()
 {
 int i;
 int count;
 double size=0.0;
 
 for(i=OrdersTotal()-1;i>=0;i--)
  {
  OrderSelect(i,SELECT_BY_POS,MODE_TRADES);
 
  if(OrderSymbol() != Symbol())  continue;      // || OrderMagicNumber() != MagicNumber || OrderType() != type || OrderComment() != comment)
   size = OrderLots();
   if(size == 1) count++;                       // you can also assign a variable, --->>>>>   if(size == lotsizetocount) count++; 
  }
  return(count);
  }
to trade and code, keep both simple... no call to impress....h
  • #4
  • Last Post: May 30, 2010 7:11pm May 30, 2010 7:11pm
Thanks CodeMeister, Hayseed. I apreciate it.
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