Help with Entry Criteria
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Hi all,
I am having some problems entering trades with stochastics crossovers. My aim is to open trade when stochastic crosses at the overbrought (level 80) or oversold (level 20) area. However, I am only able to open trade when it crosses. How do I restrict the trades to be carried out at the over brought and oversold regions? Please help. Thanks. Terrance //--- input parameters extern double TakeProfit=530.0; extern double Lots=0.1; extern double StopLoss=520.0; //+------------------------------------------------------------------+ //| expert initialization function | //+------------------------------------------------------------------+ int init() { //---- //---- return(0); } //+------------------------------------------------------------------+ //| expert deinitialization function | //+------------------------------------------------------------------+ int deinit() { //---- //---- return(0); } //+------------------------------------------------------------------+ //| expert start function | //+------------------------------------------------------------------+ int start() { //---- int ticket, total; double shortStoc, longStoc; if(Bars<100) { Print("bars less than 100"); return(0); } if(TakeProfit<10) { Print("TakeProfit less than 10"); return(0); // check TakeProfit } //+------------------------------------------------------------------+ //| expert start function | Stochastic Trigger //+------------------------------------------------------------------+ shortStoc = iStochastic(NULL,0,5,3,3,MODE_SMA,0,MODE_MAIN,0); //orignial Stoc movement longStoc = iStochastic(NULL,0,5,3,3,MODE_SMA,0,MODE_SIGNAL,0) ; //orignial Stoc movement //+--------------------------------------------------------------------------------------+ //| expert start function | Set trigger trade only when line crossed and candle closed |// //+--------------------------------------------------------------------------------------+ int isCrossed = 0; double shortStoc1 = iStochastic(NULL,0,5,3,3,MODE_SMA,0,MODE_MAIN,1); double longStoc1 = iStochastic(NULL,0,5,3,3,MODE_SMA,0,MODE_SIGNAL,1) ; double shortStoc2 = iStochastic(NULL,0,5,3,3,MODE_SMA,0,MODE_MAIN,2); double longStoc2 = iStochastic(NULL,0,5,3,3,MODE_SMA,0,MODE_SIGNAL,2) ; double diff1 = shortStoc1-longStoc1; double diff2 = shortStoc2-longStoc2; if ((diff1*diff2)<0) { if (shortStoc1>longStoc1) isCrossed = 1; else isCrossed = 2; } //+------------------------------------------------------------------------------------+ //| expert end function | Set trigger trade only when line crossed and candle closed |// //+------------------------------------------------------------------------------------+ //+------------------------------------------------------------------+ //| expert end function | Stochastic Trigger //+------------------------------------------------------------------+ //| expert start function | Trigger order //+------------------------------------------------------------------------------------------------------------+ total = OrdersTotal(); if(total < 1) { if(isCrossed == 1) { ticket=OrderSend(Symbol(),OP_BUY,Lots,Ask,1,Ask-StopLoss*Point,Ask+TakeProfit*Point, "My EA",12345,0,Green); if(ticket>0) { if(OrderSelect(ticket,SELECT_BY_TICKET,MODE_TRADES )) Print("BUY order opened : ",OrderOpenPrice()); } else Print("Error opening BUY order : ",GetLastError()); return(0); } if(isCrossed == 2) { ticket=OrderSend(Symbol(),OP_SELL,Lots,Bid,1,Bid+S topLoss*Point,Bid-TakeProfit*Point, "My EA",12345,0,Red); if(ticket>0) { if(OrderSelect(ticket,SELECT_BY_TICKET,MODE_TRADES )) Print("SELL order opened : ",OrderOpenPrice()); } else Print("Error opening SELL order : ",GetLastError()); return(0); } return(0); } return(0); } |
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All you need to do is just add 2 more checks. Since you already have the stoch. values then all you need to do is add something like "if(isCrossed == 1 && shortStoc<20 && longStoc<20)". There are several ways this could be done though.
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