//+-----------------------------------------------------------------------------+ //| Firebird v0.63 - MA envelope exhaustion system | //+-----------------------------------------------------------------------------+ #property copyright "Copyright 2005, TraderSeven" #property link "TraderSeven@gmx.net" // \\|// +-+-+-+-+-+-+-+-+-+-+-+ \\|// // ( o o ) |T|r|a|d|e|r|S|e|v|e|n| ( o o ) // ~~~~oOOo~(_)~oOOo~~~~ +-+-+-+-+-+-+-+-+-+-+-+ ~~~~oOOo~(_)~oOOo~~~~ // Firebird calculates a 10 day SMA and then shifts it up and down 2% to for a channel. // For the calculation of this SMA either close (more trades) or H+L (safer trades) is used. // When the price breaks a band a postion in the opposite of the current trend is taken. // If the position goes against us we simply open an extra position to average. // 50% of the trades last a day. 45% 2-6 days 5% longer or just fail. // //01010100 01110010 01100001 01100100 01100101 01110010 01010011 01100101 01110110 01100101 01101110 // Credits fly to: // Vooch for the backtesting fix. // Hugues Du Bois for the multi currency code. // Jackie Griffin for some debugging. // Many people in the MT forum for testing and feedback //----------------------- USER INPUT extern int MA_length = 10; extern int MA_timeframe = 30; // hdb did I add this ? lol extern int MAtype=0;//0=close, 1=HL extern double Percent = 0.1; extern int TradeOnFriday =1; // >0 trades on friday extern int slip = 100;//exits only extern double Lots = 0.3; extern int TakeProfit = 30; extern int Stoploss = 500;// total loss on all open positions in pips //extern double TrailingStop = 5; extern int PipStep = 30;//if position goes this amount of pips against you add another. extern double IncreasementType =0;//0=just add every PipStep, >0 =OrdersToal()^x *Pipstep int MagicNumber; // modified by Renato MagicNumber = MagicfromSymbol(); // included by Renato double Stopper=0; double KeepStopLoss=0; double KeepAverage; double dummy; double spread=0; double CurrentPipStep; int OrderWatcher=0; string Name_Expert = "Firebird v63"; // included by Renato //----------------------- MAIN PROGRAM LOOP int start() { double PriceTarget; double AveragePrice; int OpeningDay; //----------------------- CALCULATE THE NEW PIPSTEP CurrentPipStep=PipStep; if(IncreasementType>0) { CurrentPipStep=MathSqrt(MyOrdersTotal())*PipStep; // modified by Renato CurrentPipStep=MathPow(MyOrdersTotal(),IncreasementType)*PipStep; // modified by Renato } //----------------------- int Direction=0;//1=long, 11=avoid long, 2=short, 22=avoid short if (Day()!=5 || TradeOnFriday >0) { int cnt=0, total; int myTotal =0; // hdb total=OrdersTotal(); // modified by Renato if(total==0) OpeningDay=DayOfYear(); for(cnt=0;cntdifference) { // At least 2 periods away! flag=1; // Throw a flag break; } } } } ///////////////////////////////////////////////////////////////////////////////////////// if(flag!=1) { //----------------------- PREVIOUS OPEN PRICE OrderWatcher=0; total=OrdersTotal(); // modified by Renato for(cnt=(total-1);cnt>=0;cnt--){ OrderSelect(cnt, SELECT_BY_POS, MODE_TRADES); // Print("ordersymbol = ", OrderSymbol(), " OrderOpenPrice= ", DoubleToStr(OrderOpenPrice(), 10)); if ( (OrderSymbol()==Symbol()) && (OrderMagicNumber()==MagicNumber) && (OrderComment()==Name_Expert) ) // hdb - only symbol and magic // modified by Renato { LastPrice=OrderOpenPrice(); Comment("LastPrice= ",DoubleToStr(LastPrice, 10)); // Print("cnt= ", cnt, " ordersymbol = ", OrderSymbol(), " OrderOpenPrice= ", DoubleToStr(OrderOpenPrice(), 10), " lastprice= ",DoubleToStr(LastPrice, 10 )); break; } } //Print("ordersymbol = ", OrderSymbol(), " OrderOpenPrice= ", DoubleToStr(OrderOpenPrice(), 10), " lastprice= ",DoubleToStr(LastPrice, 10 )); //----------------------- ENTER POSITION BASED ON OPEN if(MAtype==0) { double myMA =iMA(NULL,MA_timeframe,MA_length,0,MODE_SMA,PRICE_OPEN,0); // Print(" Top, Bid ",myMA*(1+Percent/100)," ",Bid); // if((myMA*(1+Percent/100))=(LastPrice+(CurrentPipStep*Point))||total==0)) // Go SHORT -> Only sell if >= 30 pips above previous position entry { OrderSend(Symbol(),OP_SELL,Lots,Bid,slip,Bid+(Stoploss*Point),Bid-(TakeProfit*Point),Name_Expert,MagicNumber,0,Red); // modified by Renato OrderWatcher=1; Direction=2; } if((myMA*(1-Percent/100))>Ask && Direction!=11 && (Ask<=(LastPrice-(CurrentPipStep*Point))||total==0)) // Go LONG -> Only buy if >= 30 pips below previous position entry { OrderSend(Symbol(),OP_BUY,Lots,Ask,slip,Ask-(Stoploss*Point),Ask+(TakeProfit*Point),Name_Expert,MagicNumber,0,Blue); // modified by Renato OrderWatcher=1; Direction=1; } } //----------------------- ENTER POSITION BASED ON HIGH/LOW if(MAtype==1) { if((iMA(NULL,MA_timeframe,MA_length,0,MODE_SMA,PRICE_HIGH,0)*(1+Percent/100))=(LastPrice+(CurrentPipStep*Point))||total==0)) // Go SHORT -> Only sell if >= 30 pips above previous position entry { OrderSend(Symbol(),OP_SELL,Lots,Bid,slip,Bid+(Stoploss*Point),Bid-(TakeProfit*Point),Name_Expert,MagicNumber,0,Red); // modified by Renato OrderWatcher=1; Direction=2; } if((iMA(NULL,MA_timeframe,MA_length,0,MODE_SMA,PRICE_LOW,0)*(1-Percent/100))>Ask && Direction!=11 && (Ask<=(LastPrice-(CurrentPipStep*Point))||total==0)) // Go LONG -> Only buy if >= 30 pips below previous position entry { OrderSend(Symbol(),OP_BUY,Lots,Ask,slip,Ask-(Stoploss*Point),Ask+(TakeProfit*Point),Name_Expert,MagicNumber,0,Blue); // modified by Renato OrderWatcher=1; Direction=1; } } } // end of flag test //----------------------- CALCULATE AVERAGE OPENING PRICE total=OrdersTotal(); // modified by Renato AveragePrice=0; int myOrderType = -1; // hdb myTotal = 0; // hdb - count of relevant trades if(total>1 && OrderWatcher==1) { for(cnt=0;cnt1) // Calculate profit/stop target for long { PriceTarget=AveragePrice+(TakeProfit*Point); Stopper=AveragePrice-(((Stoploss*Point)/myTotal)); } if(myOrderType==OP_SELL && OrderWatcher==1 && myTotal>1) // Calculate profit/stop target for short { PriceTarget=AveragePrice-(TakeProfit*Point); Stopper=AveragePrice+(((Stoploss*Point)/myTotal)); } Comment("AveragePrice= ", AveragePrice); //----------------------- IF NEEDED CHANGE ALL OPEN ORDERS TO THE NEWLY CALCULATED PROFIT TARGET //if(OrderWatcher==1 && myTotal>1)// check if average has really changed //if(OrderWatcher==1 && myTotal>1)// check if average has really changed // { total=OrdersTotal(); // modified by Renato for(cnt=0;cnt0) // modified by Renato { myOrderType = -1; // hdb myTotal = 0; // hdb - count of relevant trades total=OrdersTotal(); // modified by Renato for(cnt=0;cnt(dummy-spread)) { // a stoploss was hit if(Direction==1) Direction=11;// no more longs if(Direction==2) Direction=22;// no more shorts } KeepStopLoss=0; } } } int MagicfromSymbol() { // included by Renato int magic=0; for (int i=0; i<5; i++) { magic=magic*3+StringGetChar(Symbol(),i); } magic=magic*3+Period(); return(magic); } int MyOrdersTotal() { // included by Renato int total=0; for (int i=0; i Day() // Trailing stop -> trailing or S/R or pivot target // Realistic stop loss // Avoid overly big positions // EUR/USD 30 pips / use same value as CurrentPipStep // GBP/CHF 50 pips / use same value as CurrentPipStep // USD/CAD 35 pips / use same value as CurrentPipStep //----------------------- OBSERVATIONS // GBPUSD not suited for this system due to not reversing exhaustions. Maybe use other types of MA // EURGBP often sharp reversals-> good for trailing stops? // EURJPY deep pockets needed.