Two pending orders (BuyStop and SellStop) are placed with the specified expiration.
Author of the idea — John Smith, author of the MQL5 code — barabashkakvn.
Operation Start
Placing two pending orders:
Then we expect operation with only one position — if two positions are opened for any reason, both of them should be deleted:
//--- Control: the EA must work simultaneously with only one position
if(total>1)
{
if(count_buy>1 || count_sell>1 || count_buy+count_sell>1)
{
CloseAllPositions(); // Close all positions if anything goes wrong
return; // Exit
}
}
if(total>1)
{
if(count_buy>1 || count_sell>1 || count_buy+count_sell>1)
{
CloseAllPositions(); // Close all positions if anything goes wrong
return; // Exit
}
}
Managing the open position.
First we check if minimum profit is reached. At the same time, the size of bar 1 must be less than "stabilization of points". If the condition is met, close the position and exit.
if(m_position.Profit()>MinProfit && MathAbs(iClose(1)-iOpen(1))<=ExtStabilization)
{
m_trade.PositionClose(m_position.Ticket());
DeleteOrders(ORDER_TYPE_SELL_STOP);
return;
}
{
m_trade.PositionClose(m_position.Ticket());
DeleteOrders(ORDER_TYPE_SELL_STOP);
return;
}
Second check — checking simultaneously if absolute profit or loss is reached. If condition is met, close the position.
if(m_position.Profit()>=AbsoluteFixation || m_position.Profit()<=-AbsoluteFixation)
{
m_trade.PositionClose(m_position.Ticket());
DeleteOrders(ORDER_TYPE_SELL_STOP);
}
{
m_trade.PositionClose(m_position.Ticket());
DeleteOrders(ORDER_TYPE_SELL_STOP);
}
Results on EURUSD, H1 from 2016.06.01 to 2016.12.21:
