H & L Expert rev3 Metatrader MQL Experts Forex Trading Systems - XEATrade - Metatrader, Metastock, Tradestation, Amibroker

Description: H & L Expert rev3. This expert takes yesterdays HIGH & LOW and calculates it Mid Range Price. Buystop and Sellstop orders are placed based on the difference of yesterdays range. No SL and TP are yesterdays H & L. All trades are closed at end of day.

/*[[
        Name := H & L
        Author := Copyright c 2005, FAB4X
        Link := ENTRY PRICES ARE CALCULATED ONLY FROM START OF 00GMT TILL CLOSE OF 23GMT.
        Notes := 
        Lots := 1
        Stop Loss := 999
        Take Profit := 0
        Trailing Stop := 0
]]*/
defines: Slippage(5),startHourOfDay(0),endofDAY(23),StopYear(2005),StopMonth(1);
var: i(0),lotsi(0),p1(0),p2(0),orders(0),openedBuy(0),openedSell(0);
VAR: pips(0);
var: yesterday_open(0);
var: yesterday_high(0);
var: yesterday_low(0);
var: yesterday_close(0),b(0),d(0);
VAR: vtime(0);
VAR: BS(0),SS(0),MR(0);
VAR: TARGETHIGH(0),TARGETLOW(0);

if year < StopYear then exit;
if month < StopMonth and year <> 2005 then exit;

//Sorry, only works with H1 timeframe. 
If Period <> 60 then Alert("System only works on H1 timeframe.") Exit;
//If (DayOfWeek <3 or DayOfWeek >5 ) then exit;

orders=0;
lotsi=Lots;
For i=1 to TotalTrades {
	If Ord(i,Val_Symbol)=Symbol then {
		orders++;
		If Ord(i,VAL_TYPE)=OP_BUY then
			openedBuy=1;
		If Ord(i,VAL_TYPE)=OP_SELL then
			openedSell=1;
	};
};



if openedBuy=1 then
	for i=1 to TotalTrades {
		If Ord(i,Val_Symbol)=Symbol and Ord(i,VAL_TYPE)=OP_SELLLIMIT or Ord(i,VAL_TYPE)=OP_SELLSTOP then {
			DeleteOrder(ord(i,VAL_TICKET),red);
			exit;
		};
	};
if openedSell=1 then
	for i=1 to TotalTrades {
		If Ord(i,Val_Symbol)=Symbol and Ord(i,VAL_TYPE)=OP_BUYLIMIT OR Ord(i,VAL_TYPE)=OP_BUYSTOP then {
			DeleteOrder(ord(i,VAL_TICKET),red);
			exit;
		};
	};

if Hour=endofDAY then {
	openedBuy=0;
	openedSell=0;

	for i=1 to TotalTrades {  //close trades at the end of day
		If Ord(i,Val_Symbol)=Symbol and (Ord(i,VAL_TYPE)=OP_BUYSTOP or Ord(i,VAL_TYPE)=OP_SELLSTOP) OR (Ord(i,VAL_TYPE)=OP_BUYLIMIT or Ord(i,VAL_TYPE)=OP_SELLLIMIT) then {
			DeleteOrder(ord(i,VAL_TICKET),red);
			exit;
		};
		If Ord(i,Val_Symbol)=Symbol and (Ord(i,VAL_TYPE)=OP_BUY or Ord(i,VAL_TYPE)=OP_SELL) then {
			CloseOrder(ord(i,VAL_TICKET),lots,ord(i,VAL_CLOSEPRICE),slippage,red);
			exit;
		};
	};
};




d=0;
If b-startHourOfDay>=0 then d=open[b-startHourOfDay];
//if TimeHour(time[0])=startHourOfDay and TimeHour(time[1])<>startHourOfDay then  //new day



b=TimeHour(Time[0]);
TargetHigh=Max(High[1+b],(Max(High[2+b],(Max(High[3+b],(Max(High[4+b],(Max(High[5+b],(Max(High[6+b],(Max(High[7+b],(Max(High[8+b],
(Max(High[9+b],(Max(High[10+b],(Max(High[11+b],(Max(High[12+b],(Max(High[13+b],(Max(High[14+b],(Max(High[15+b],(Max(High[16+b],(Max(High[17+b],(Max(High[18+b],(Max(High[19+b],(Max(High[20+b],(Max(High[21+b],(Max(High[22+b],(Max(High[23+b],High[24+b])))))))))))))))))))))))))))))))))))))))))))))))));
TargetLow=Min(Low[1+b],(Min(Low[2+b],(Min(Low[3+b],(Min(Low[4+b],(Min(Low[5+b],(Min(Low[6+b],(Min(Low[7+b],(Min(Low[8+b],(Min(Low[9+b],
(Min(Low[10+b],(Min(Low[11+b],(Min(Low[12+b],(Min(Low[13+b],(Min(Low[14+b],(Min(Low[15+b],(Min(Low[16+b],(Min(Low[17+b],(Min(Low[18+b],
(Min(Low[19+b],(Min(Low[20+b],(Min(Low[21+b],(Min(Low[22+b],(Min(Low[23+b],Low[24+b])))))))))))))))))))))))))))))))))))))))))))))))));
  

mr=(TargetHigh+TargetLow)/2;
//bs=(mr+TargetHigh)/2;
//ss=(mr+TargetLow)/2;
pips=((TargetHigh-TargetLow)/4)*10000;

MoveObject("YESTERDAYS HIGH",OBJ_HLINE,time,TargetHigh,time,TargetHigh,RED,1,STYLE_SOLID);
MoveObject("MIDDLE RANGE",OBJ_HLINE,time,MR,time,MR,Yellow,1,STYLE_DASHDOTDOT);
MoveObject("YESTERDAYS LOW",OBJ_HLINE,time,TargetLow,time,TargetLow,GREEN,1,STYLE_SOLID);

BS=MR+pips*POINT;
SS=MR-pips*POINT;



comment(" PLACE A BUYSTOP ORDER AT ", BS ,"  PLACE A SELLSTOP ORDER AT " , SS,);

IF  open < BS THEN {
if vTime != Time[0] then
{

	If hour  > 0 and orders<1 and openedBuy=0  then {
		openedBuy=2;
        SetOrder(OP_BUYSTOP,lotsi,BS,Slippage,BS-StopLoss*Point,TargetHigh,blue);
          vTime = Time[0];
        exit;
	};
};
};
IF  open > BS THEN {
if vTime != Time[0] then
{

	If hour  > 0 and orders<1 and openedBuy=0  then {
		openedBuy=2;
        SetOrder(OP_BUYlimit,lotsi,BS,Slippage,BS-StopLoss*Point,TargetHigh,blue);
          vTime = Time[0];
        exit;
	};

};
};

IF  open > SS THEN {
 if vTime != Time[0] then
{
    If hour  >0 and orders=1 and openedSell=0 and openedBuy>0 then {
//	If hour  >0 and orders<1 and openedSell=0  then {
	openedSell=2;
    SetOrder(OP_SELLSTOP,lotsi,SS,Slippage,SS+StopLoss*Point,TargetLow,RED);
      vTime = Time[0];
    exit;
	};
};
};//};
IF  OPEN <  SS THEN {
 if vTime != Time[0] then
{
    If hour  >0 and orders=1 and openedSell=0 and openedBuy>0 then { 
  //	If hour  > 0 and orders<1 and openedSell=0 then {
	openedSell=2;
    SetOrder(OP_SELLLIMIT,lotsi,SS,Slippage,SS+StopLoss*Point,TargetLow,RED);
      vTime = Time[0];
    exit;
	};
};

};

Author/Source: FAB4X

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