//+-----------------------------------------------------------------------------+ //| EURUSD session breakout v0.25 | //+-----------------------------------------------------------------------------+ #property copyright "Copyright 2005, TraderSeven/Matt Kennel" #property link "TraderSeven@gmx.net" // \\|// +-+-+-+-+-+-+-+-+-+-+-+ \\|// // ( o o ) |T|r|a|d|e|r|S|e|v|e|n| ( o o ) // ~~~~oOOo~(_)~oOOo~~~~ +-+-+-+-+-+-+-+-+-+-+-+ ~~~~oOOo~(_)~oOOo~~~~ // Run on EUR/USD M15 // If there was a small range during the EU session then there is a trading opportunity during the US session. // //----------------------- HISTORY // v0.10 Initial release. // v0.20 Debugging and additional code by Matt Kennel ("Doctor Chaos"). // v0.25 Made EA more optimizeble and (hopefully) improved readabilty. Avoid NFP days. Added on screen comments. extern int US_session_start_hour = 13; extern int Range_lookback_hours = 6; extern int Close_position_after_hours = 3; extern int Max_Range = 35; extern bool Trade_on_Monday = false; extern int TakeProfit=55; extern int Stoploss=20; extern int Slippage=3; extern double Lots=1; //----------------------- MAIN PROGRAM LOOP int start() { static double TopRange,LowRange; static bool bought,sold,smallsession,sessionfound; // static variables will be retained over calls. if (Hour() ==0) { //reset for a new day at midnight. TopRange = 0; LowRange = 0; bought = false; // we allow only one buy and one sell per day. sold = false; sessionfound = false; } bool TradeDayOK = (DayOfWeek() >= 1) && (DayOfWeek() <= 5); // M-F, not sat or sun. if ((DayOfWeek() == 1) && (Trade_on_Monday==false)) TradeDayOK = false; if(DayOfWeek()==4 && Day()<8)TradeDayOK = false; //Avoid NFP days, first thursday in any month. if(TradeDayOK == false) Comment("No trading today. (Weekend, Monday, NFP day)"); if(TradeDayOK) { if ((sessionfound == false) && (Hour() == US_session_start_hour)) { // first time through, compute EU session highs and lows. TopRange=High[Highest(NULL,0,MODE_HIGH,Range_lookback_hours*4,1)]; // Range_lookback_hours*4 M15 bars during EU session LowRange=Low[Lowest(NULL,0,MODE_LOW,Range_lookback_hours*4,1)]; // Range_lookback_hours*4 M15 bars during EU session if ((TopRange-LowRange) <= Max_Range*Point) smallsession = true; else { smallsession = false; Comment("No trading today because EU session range was to big."); } sessionfound = true; Print("Identified new EU session + ["+LowRange+","+TopRange+"]"+" DayOfYear()="+DayOfYear()+" small? "+smallsession); } if(sessionfound && smallsession && (Hour()>=US_session_start_hour) && (Hour() (TopRange+Point*3) )) { OrderSend(Symbol(),OP_BUY,Lots,Ask,Slippage,Ask-(Stoploss*Point),Ask+(TakeProfit*Point),0,0,Blue); bought = true; } if ((sold == false) && (High[1]< (LowRange-Point*3) )) { OrderSend(Symbol(),OP_SELL,Lots,Bid,Slippage,Bid+(Stoploss*Point),Bid-(TakeProfit*Point),0,0,Red); sold = true; } } // end if in 2nd US time. }// end if small session } }