Cumulative Position Code in Mt4???

Hey, everyone. I've never posted in this section and am BRAND new to MT4, so forgive me if this has been addressed. But I have a money management strategy to implement and I can not for the life of me figure out how to get MT4 to do it. Here's what I want it to do:

Let's say I'm trading single lots and building a position. Each time I get a BUY signal, I buy 1 lot. I can keep getting buy signals and adding lots. So let's say I've gotten three BUY signals in a row and have a 3 lot long position. Well, now I get a SELL signal. I don't want to close my whole long position. I just want to close the FIRST of those existing long positions. So for each new sell signal I get, I just reduce my long position by ONE lot until I have one long lot left. Then, on my next SELL signal, I stop and reverse to short and the process continues. So in effect, I am always in the market, and my position size is either accumulating or reducing based on the individual signals I receive.

I'm using EABuilder to try and work this out, since I'd like to leapfrog months of intricate code learning if I can, but I'm game to do the hard work if I must as well.

Any thoughts are greatly appreciated!

-Liz

I dont think there is a single existing EA that will do it all as you describe. I have seen ones on this forum that do simple stop and reverse and others that add to the current position. Or perhaps I should say they claim to do these functions. There is usually a gap between what code is supposed to do and what it can actually does when downloaded from a site like this.

Doing it with EA builder (or similar tool) is a dead end. Those tools are meant for doing simple tasks that can be easily described.

Even for an experienced coder, this would be a challenge and take time to test and refine. Reallistically, a beginner could not accomplish this within a year unless he found code that is close to the specs and well written. You are,probably left with hiring a competent coder. I am not offering myself or anyone else, I am simply stating my opinion.

... in the folllowing code snippet there is a variable called FirstOrderDate, which is the oldest open trade.
If you get a new signal, you have to check whether the signal type is equal FirstOrderType (OP_Buy, OP_Sell etc.)
If it is not equal then you can close the trade ticket -> FirstOrderTicket.


FirstOrderDate = 0; // initialize all variables

for( i = OrdersTotal() - 1; i >= 0 ; i-- )
{
if( !OrderSelect( i, SELECT_BY_POS, MODE_TRADES )) continue;

if( OrderSymbol() == Symbol()
&&( OrderType() == OP_SELL || OrderType() == OP_BUY )
&&( OrderMagicNumber() == MagicNummer || !UseMagicNummer ))
{
if (FirstOrderDate == 0 || FirstOrderDate > OrderOpenTime() )
{
FirstOrderDate = OrderOpenTime();
FirstOrderPrice = OrderOpenPrice();
FirstOrderStopLoss = OrderStopLoss();
FirstOrderType = OrderType();
FirstOrderTicket = OrderTicket();
FirstOrderProfit = OrderProfit() + OrderCommission() + OrderSwap();
FirstOrderLot = OrderLots();
}

if (LastOrderDate == 0 || LastOrderDate < OrderOpenTime() )
{
LastOrderDate = OrderOpenTime();
LastOrderPrice = OrderOpenPrice();
LastOrderStopLoss = OrderStopLoss();
LastOrderType = OrderType();
LastOrderTicket = OrderTicket();
LastOrderProfit = OrderProfit() + OrderCommission() + OrderSwap();
}
}
}

Thanks for the replies. I was hoping it might be a more common issue, but after delving in, I can see that is not the case. Eek.