Current Candle Closed flag

Hi,

I have written a simple ea. If price cross 50 ema then trade. The problem i have is when using every tick method. Right now if I use that method, the current candle meets the criteria, it will open the trade. The target is 5 pips profit. So if price hits the target then it takes profit, but right after it takes the profit, since it is in the same candle, it again opens a trade on the same candle!This is becuase i am using every tick method. Is there a flag or a function that says once the current candle has been traded, do not trade again until the next candle has appeared. Any advice would be greately appreciated.. Thank you

DojiSan

I believe what you are asking for is a function that will only execute if there is a new bar. If so, yes, there is such a function. The page about it, which includes code, is located here

Hope that helps,
andersenws

Hey, the code in the link does define a new bar, but as far as I can tell, it only signals the start of a new bar. I might mis-understand what the O.P. is needing, but either way another simple way to make sure you don't get 2 trades on a bar is to set a globalVariable after the trades you don't want doubled up.

initialize a variable with the rest at the top of the EA:

Double LastBarTraded = GlobalVariableGet("LastBarTraded");


The if statment checks to see if the trade was accepted(it equals 1 or true if it is). So if the trade goes through it sets the globalVariable to the current bar:

if( OrderSend(etc, etc, etc,...) == 1) {GlobalVariableSet("LastBarTraded", Bars); }



Then a simple check in your if statement for your OrderSend paramters will do the trick. I assume your EA is something like this if the price crosses up from the bottom

if( (Low[0] < EMA50)&&(Bid > EMA50)&&(LastBarTraded < Bars) )
{
if( OrderSend(etc, etc, etc,...) == 1) {GlobalVariableSet("LastBarTraded", Bars); }
}

I'm not sure which one will suit your purpose better but I figured another option wouldn't hurt! GL

I guess it should be said that this isn't an "ideal" use of GlobalVariables. If you get into more complex ea's or multiple EA's you can't really use them this way. But for a simple case such as yours I don't see any problems with it.

thank you everyone for your help. I finally resolved the issue. I used on of Maji's solution.