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Stop_reversal.mq4

Time: 2015-07-09 | Download file:Stop_reversal.mq4

//+------------------------------------------------------------------

//|                                            Stopreversal Mt4.mq4 
//|                                                                  
//|                                                                  

//|                                 Conversion only Dr. Gaines       

//|                                 [email protected]      

//|                                                                  

//+------------------------------------------------------------------


#property copyright " Dominic."
#property link      " http://www.metaquotes.net/"

#property indicator_chart_window
#include 
#property indicator_buffers 2
#property indicator_color1 Lime
#property indicator_width1 2 
#property indicator_color2 Red
#property indicator_width2 2


//+------------------------------------------------------------------

//| Common External variables                                        

//+------------------------------------------------------------------


//+------------------------------------------------------------------

//| External variables                                               

//+------------------------------------------------------------------

extern double nPips = 0.004;

//+------------------------------------------------------------------

//| Special Convertion Functions                                     

//+------------------------------------------------------------------


int LastTradeTime;
double ExtHistoBuffer[];
double ExtHistoBuffer2[];

void SetLoopCount(int loops)
{
}

void SetIndexValue(int shift, double value)
{
  ExtHistoBuffer[shift] = value;
}

void SetIndexValue2(int shift, double value)
{
  ExtHistoBuffer2[shift] = value;
}

//+------------------------------------------------------------------

//| End                                                              

//+------------------------------------------------------------------


//+------------------------------------------------------------------

//| Initialization                                                   

//+------------------------------------------------------------------


int init()
{
   SetIndexStyle(0, DRAW_ARROW, STYLE_SOLID);
   SetIndexArrow(0, 233);
   SetIndexBuffer(0, ExtHistoBuffer);
   SetIndexStyle(1, DRAW_ARROW, STYLE_SOLID);
   SetIndexArrow(1, 234);
   SetIndexBuffer(0, ExtHistoBuffer);
   SetIndexBuffer(1, ExtHistoBuffer2);
   return(0);
}
int start()
{
//+------------------------------------------------------------------

//| Local variables                                                  

//+------------------------------------------------------------------

int shift = 0;
double cnt = 0;
double TrStopLevel = 0;
double PREV = 0;
double pass = 0;

SetLoopCount(0);
// loop from first bar to current bar (with shift=0)
for(shift=Bars-2;shift>=0 ;shift--){ 


if( (Close[shift] == PREV) ) 
{
TrStopLevel=PREV;

}
else 
{
if( (Close[shift+1])PREV) && (Close[shift]>PREV) ) 
            {
            TrStopLevel=MathMax(PREV,Close[shift]*(1-nPips));
            }


            else 
                  {
                  if( (Close[shift]>PREV) ) 
                  {                   
                  TrStopLevel=Close[shift]*(1-nPips);
                  }

                        else TrStopLevel=Close[shift]*
(1+nPips);
                  }
      }
}


if( Close[shift] > TrStopLevel &&  Close[shift+1]PREV  && PREV != 
0  ) 
{
//SetOrder(OP_SELL,1,bid,2,0,bid-TakeProfit*Point,Red);
SetIndexValue2(shift, TrStopLevel);
//Alert("Sell");
}


PREV=TrStopLevel;
//Alert(TrStopLevel);
} 

  return(0);
}

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