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Help to convert NinjaScript to MT4 - just one code line

  • #1
  • First Post: Edited 12:51am Jul 23, 2014 12:39am | Edited 12:51am
Dear traders and programmers,

Please help to convert this NinjaScript line into MT4:


if (
( Position.MarketPosition == MarketPosition.Long ) &&
( RSI( Close, RSIPeriod, RSISmooth )[0] < AddOverSold ) &&
( Close[0] < ( Low[0] + ( ( High[0] - Low[0] ) * ( (double) RangePercent / 100 ) ) ) )
)
EnterLong( "AddBuy" ) ;

What it does is it checks if there is an open trade, if so it will add to existing position when RSI is oversold and the bar closes in lower 30% of its entire range.
Please help. What is the MT4 code line should look ?

Kind Regards,
Adilius
  • #2
  • Last Post: Jul 23, 2014 2:40am Jul 23, 2014 2:40am
Inserted Code
if(OrderSelect(0,SELECT_BY_POS) &&
  (OrderType()==OP_BUY) &&
  (iRSI(NULL,0,RSIPeriod,PRICE_CLOSE,0)<AddOverSold) &&
  (Close[0]<(Low[0]+((High[0]-Low[0])*((double)RangePercent/100))))
  )
  EnterLong("AddBuy");

Note that there is no smoothing function in the inbuilt RSI indicator.

Also it is presumed that there is only one (or none) order (position) in the system; and also, that EnterLong() is a custom function that will handle the order.

HOWEVER, keep in mind that MT4 works on the basis of orders, not positions. So, any amendment will create a new order instead of scaling the position.



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