Open Position Distance calculation

#1
First Post: Jan 11, 2014 2:16am Jan 11, 2014 2:16am

MikeFT
| Joined Dec 2009 | Status: Trader | 108 Posts

Hello Folks,

I'd like to have a code which looks if there already is an OpenOrder within let's say 10 pips distance from current price. If so: DistanceOK=false

I know I need to look, if there is something above and if so how close.
Then if there is something below and if so how close.

I'm stuck right now and don't really know where to start. My current code is a mess and not working, so I'll spare you the upload and myself the embarassment, unless somebody really wants to see it in this current state!

Best regards.
MikeFT

#2
Jan 11, 2014 4:04am Jan 11, 2014 4:04am

futurespec
Joined May 2011 | Status: If you think I'm mad, I must be mad | 1,058 Posts

Try something like...

Inserted Code

bool DistanceOK(int mMagic, string mSym)
 {
   int m, mOrdTot;
   bool mNear = false;
   mOrdTot = OrdersTotal();
   
   for(m = mOrdTot - 1; m >= 0; m--)
    {
      OrderSelect(m, SELECT_BY_POS, MODE_TRADES);
      if(OrderSymbol() == mSym && OrderMagicNumber() == mMagic && (OrderType() == OP_BUY || 
            OrderType() == OP_SELL)) 
        {
          if(MathAbs(Bid - OrderOpenPrice()) < mDist &&
             MathAbs(OrderOpenPrice() - Bid < mDist))
            mNear = true;
        }
    } 

    
   return(mNear);
 }

where you set mDist as an external var to the figure that you want.

HTH

M.

Edit: DistanceOK(...) would be better if it was titled DistanceNotOK(...) or change around the true & false above.

If you think I'm mad, I must be mad

#3
Last Post: Jan 11, 2014 4:49am Jan 11, 2014 4:49am

MikeFT
| Joined Dec 2009 | Status: Trader | 108 Posts

Thank you! This should get me going.

Yes, I'll be using DistanceOK and change the true&false.

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Open Position Distance calculation
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