the rules I am looking to implement are:
when price moves away from the open price 50% of the distance of the opening price and the SL the SL moves to BE
when price moves away from opening price moves 2 Xranges the original SL distance it moves in profit to 1 Xrange
the stop loss continues to follow price up
the code is MQL5
Code: Select all
void OnTick(){
int bars = iBars(_Symbol,PERIOD_CURRENT);
if(bars > totalBars){
totalBars = bars;
double lots;
int engulfingSignal = getEngulfingSignal();
if(engulfingSignal < 0){
Print(__FUNCTION__,"Bearish Buy Signal");
slDistance = iOpen(_Symbol,PERIOD_CURRENT,1) - iClose(_Symbol,PERIOD_CURRENT,1);
calcLots();
lots = calcLots();
trade.BuyStop(lots,iOpen(_Symbol,PERIOD_CURRENT,1),_Symbol,iClose(_Symbol,PERIOD_CURRENT,1),0,ORDER_TIME_GTC,0,"Engulfing");
}else if(engulfingSignal > 0){
Print(__FUNCTION__,"Bullish Sell Signal");
slDistance = iClose(_Symbol,PERIOD_CURRENT,1) - iOpen(_Symbol,PERIOD_CURRENT,1);
calcLots();
lots = calcLots();
trade.SellStop(lots,iOpen(_Symbol,PERIOD_CURRENT,1),_Symbol,iClose(_Symbol,PERIOD_CURRENT,1),0,ORDER_TIME_GTC,0,"Engulfing");
}
}
for(int i = PositionsTotal()-1; i >= 0; i--){
ulong posTicket = PositionGetTicket(i);
if(PositionSelectByTicket(posTicket)){
if(PositionGetString(POSITION_SYMBOL)==_Symbol){
double beSL;
int n;
double newSL;
double bid = NormalizeDouble(SymbolInfoDouble(_Symbol,SYMBOL_BID),_Digits);
if(PositionGetInteger(POSITION_TYPE) == POSITION_TYPE_BUY){
n =1;
beSL = PositionGetDouble(POSITION_PRICE_OPEN);
newSL = (((PositionGetDouble(POSITION_PRICE_OPEN) - PositionGetDouble(POSITION_SL)) * n));
if(bid > (beSL + newSL)){
if(trade.PositionModify(posTicket,beSL,0)){
Print(__FUNCTION__, "Position was modified");
}
}
}
}
}
}
}
