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MT4 EA request

  • #1
  • First Post: Edited 6:46pm Oct 15, 2011 5:52pm | Edited 6:46pm
Is it possible to add additional conditions of entry to a pending order in MT4? Using a long trade by way of example, what I am trying to achieve is for a pending order to placed only if the price reaches a certain level below my desired entry price first. So for instance say there appears to be significant support at around 1.0000 on a currency pair.

I would then like to be able to set MT4 to automatically place a pending order for me at 1.0200 only if the price reaches 1.0000 first. Then if support breaks (happens) instead of the price rebounding off it the chances of me standing in front of a moving freight train are reduced. This would save me staying up all night for the New York session as well.
Pity the fool who thinks they'll make it overnight...
  • #2
  • Oct 15, 2011 7:32pm Oct 15, 2011 7:32pm
Quoting deanbo
Is it possible to add additional conditions of entry to a pending order in MT4? Using a long trade by way of example, what I am trying to achieve is for a pending order to placed only if the price reaches a certain level below my desired entry price first. So for instance say there appears to be significant support at around 1.0000 on a currency pair.

I would then like to be able to set MT4 to automatically place a pending order for me at 1.0200 only if the price reaches 1.0000 first. Then if support breaks (happens)...
yes.
  • #3
  • Last Post: Oct 16, 2011 9:55am Oct 16, 2011 9:55am
Quoting deanbo
Is it possible to add additional conditions of entry to a pending order in MT4? Using a long trade by way of example, what I am trying to achieve is for a pending order to placed only if the price reaches a certain level below my desired entry price first. So for instance say there appears to be significant support at around 1.0000 on a currency pair.

I would then like to be able to set MT4 to automatically place a pending order for me at 1.0200 only if the price reaches 1.0000 first. Then if support breaks (happens)...
You would need to do this via an EA. Within the EA you would have adjustable set points that you could change via the console, that way you could reuse the same EA over and over, just make the set point changes.


Inserted Code
 
//very primitive code example
 
extern double EntryPriceBuy = 0.0001;
extern double EntryPriceSell = 0.0001;
 
extern double TouchPriceLong = 0.0001;
extern double TouchPriceShort = 0.0001;
 
 
 
bool OrderEntry;
 
start()
{
 
if (EntryPriceBuy > 0.0001 || EntryPriceSell > 0.0001)
    {
      if (EntryPriceBuy > 0.0001 && TouchPriceLong > 0.0001 && 
          TouchPriceLong < EntryPriceBuy)
            {
              if (Bid <= TouchPriceLong)
                  {
                     OrderEntry = True;
                   }
            }
 
      //enter sell arguments here
 
 
 
 
       }
 
 
if (OrderEntry)
    {
     CheckOrderStatus();  //GOTO Functions
     }
 
 
return(0);
}
 
 
//+---------------------------------------------------+
//|                        FUNCTIONS                                 |
//+---------------------------------------------------+
 
//+----------------+
//|     Check Order
//+----------------------->
 
CheckOrderStatus()
{
 
if (EntryBuyPrice > 0.0001)
       {
          if (Ask >= EntryBuyPrice)
            {
          // order entry code for buy goes here.
             }
       }
 
if (EntrySellPrice > 0.0001)
      {
          //sell conditions go here
 
 
       }
 
 
return(0);
}
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