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Jump Stop

  • #1
  • First Post: Jul 17, 2010 3:41am Jul 17, 2010 3:41am
Hello,

My MQL4 coding knowledge is not really great. that's why i was looking for some help from some of you more experienced. What I wanted to do is this: I'll manually open an order and will put the stops at 20 pips away. As soon as I reach a profit of 10 pips, the EA will move the stop to Breakeven and once i have 50 pips of profit, stop will move again to lock 30 pips. that's just it. My broker is 5 digit MT4. And i always open just one trade only.

Thank You and any help is much appreciated.
  • #2
  • Jul 17, 2010 5:18am Jul 17, 2010 5:18am
It's just two 'jumps'?

Just use two Move-To-Breakeven scripts.

This function takes various parameters and returns the stoploss price.

Inserted Code
double BreakEvenValue (bool Decision, int OrderTicketNum, int MoveStopTo, int MoveStopwhenPrice)
   {
   //Select the appropriate order ticket
   OrderSelect(OrderTicketNum, SELECT_BY_TICKET, MODE_TRADES);
   
   //If the Order is a BUY order...
   if(OrderType() == OP_BUY)
      {
      //Check if the user wants to use the MoveStopOnce function and did it correctly
      if(Decision && MoveStopWhenPrice > 0) 
         {
         //Check if the trade is above the required profit threshold
         if(Bid - OrderOpenPrice() >= Point * MoveStopWhenPrice) 
            {
            //Return the value of the stoploss
            return(OrderOpenPrice() + Point * MoveStopTo);
            }
         }
      }
   
   //If the Order is a SELL order...   
   if(OrderType() == OP_SELL)
      {
      //Check if the user wants to use the MoveStopOnce function and did it correctly
      if(Decision && MoveStopWhenPrice > 0) 
         {
         //Check if the trade is above the required profit threshold
         if(OrderOpenPrice() - Ask >= Point * MoveStopWhenPrice) 
            {
            //Return the value of the stoploss
            return(OrderOpenPrice() - Point * MoveStopTo);
            }
         }
      }   
      
   if(OrderType() != OP_BUY || OrderType() != OP_SELL) return(0);
   }
  • #3
  • Last Post: Jul 17, 2010 3:14pm Jul 17, 2010 3:14pm
Quoting Ronald Raygun
It's just two 'jumps'?

Just use two Move-To-Breakeven scripts.

This function takes various parameters and returns the stoploss price.

[code]

double BreakEvenValue (bool Decision, int OrderTicketNum, int MoveStopTo, int MoveStopwhenPrice)...

Dear Ronald tnx for ur code. But can u pls show me an example of how to call this function with parameters as per the original condition in my first post ?
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