Pivot Point ( for 15 minutes timeframe ) ea for mt4
BUY ENTRY : last low < pivot point and ask > pivot point and ask above last high price then open BUY position.
BUY EXIT : Hit target or last low > ask
SELL ENTRY : last high > pivot point and bid < pivot point and bid below last low price then open SELL position.
SELL EXIT : Hit target or last high > bid
Default Setting:
MagicNumber=10001
Lots = 0.1
StopLoss=50
TakeProfit=50
TrailingStop=50
You can change setting as per your need.
Code start here :
//+------------------------------------------------------------------+
// USE THIS EA AT YOUR OWN RISK.
//
// Before adding this expert advisor to a chart, make sure there are NO
// open positions.
// DO NOT DELETE THIS HEADER
// DELETING THIS HEADER IS COPYRIGHT STRATEGYON.CO.IN
//+------------------------------------------------------------------+
extern int MagicNumber=10001;
extern double Lots =0.1;
extern double StopLoss=50;
extern double TakeProfit=50;
extern int TrailingStop=50;
extern int Slippage=3;
//+------------------------------------------------------------------+
// expert start function
//+------------------------------------------------------------------+
int start()
{
double MyPoint=Point;
if(Digits==3 || Digits==5) MyPoint=Point*10;
double close = iClose(Symbol(),PERIOD_D1,1);
double low = iLow(Symbol(),PERIOD_D1,1);
double high = iHigh(Symbol(),PERIOD_D1,1);
double pivot = (close+low+high)/3;
double TheStopLoss=0;
double TheTakeProfit=0;
if( TotalOrdersCount()==0 )
{
int result=0;
// if((iMA(NULL,0,9,0,MODE_EMA,PRICE_CLOSE,0)<Close[1])&&(High[1]<Ask)) // Here is your open buy rule
if((Low[1] <= pivot) &&(High[1]<Ask) &&(pivot<Ask)) // Here is your open buy rule
{
result=OrderSend(Symbol(),OP_BUY,Lots,Ask,Slippage,0,0,"EA provided by www.strategyon.co.in",MagicNumber,0,Blue);
if(result>0)
{
TheStopLoss=0;
TheTakeProfit=0;
if(TakeProfit>0) TheTakeProfit=Ask+TakeProfit*MyPoint;
if(StopLoss>0) TheStopLoss=Ask-StopLoss*MyPoint;
OrderSelect(result,SELECT_BY_TICKET);
OrderModify(OrderTicket(),OrderOpenPrice(),NormalizeDouble(TheStopLoss,Digits),NormalizeDouble(TheTakeProfit,Digits),0,Green);
}
return(0);
}
//if((iMA(NULL,0,9,0,MODE_EMA,PRICE_CLOSE,0)>Close[1])&&(Low[1]>Bid)) // Here is your open Sell rule
if((High[1] >= pivot) &&(Low[1]>Bid) &&(pivot>Bid))
{
result=OrderSend(Symbol(),OP_SELL,Lots,Bid,Slippage,0,0,"EA provided by www.strategyon.co.in",MagicNumber,0,Red);
if(result>0)
{
TheStopLoss=0;
TheTakeProfit=0;
if(TakeProfit>0) TheTakeProfit=Bid-TakeProfit*MyPoint;
if(StopLoss>0) TheStopLoss=Bid+StopLoss*MyPoint;
OrderSelect(result,SELECT_BY_TICKET);
OrderModify(OrderTicket(),OrderOpenPrice(),NormalizeDouble(TheStopLoss,Digits),NormalizeDouble(TheTakeProfit,Digits),0,Green);
}
return(0);
}
}
Comment ("The last day close is :", close , " low " , low , " high " , high , " pivot ",pivot );
for(int cnt=0;cnt<OrdersTotal();cnt++)
{
OrderSelect(cnt, SELECT_BY_POS, MODE_TRADES);
if(OrderType()<=OP_SELL &&
OrderSymbol()==Symbol() &&
OrderMagicNumber()==MagicNumber
)
{
if(OrderType()==OP_BUY)
{
//if((iMA(NULL,0,9,0,MODE_EMA,PRICE_CLOSE,0)>Bid)) //here is your close buy rule
if(Low[1]>Bid) //here is your close buy rule
{
OrderClose(OrderTicket(),OrderLots(),OrderClosePrice(),Slippage,Red);
}
if(TrailingStop>0)
{
if(Bid-OrderOpenPrice()>MyPoint*TrailingStop)
{
if(OrderStopLoss()<Bid-MyPoint*TrailingStop)
{
OrderModify(OrderTicket(),OrderOpenPrice(),Bid-TrailingStop*MyPoint,OrderTakeProfit(),0,Green);
return(0);
}
}
}
}
else
{
//if((iMA(NULL,0,9,0,MODE_EMA,PRICE_CLOSE,0)<Ask)) // here is your close sell rule
if(High[1]<Bid) // here is your close sell rule
{
OrderClose(OrderTicket(),OrderLots(),OrderClosePrice(),Slippage,Red);
}
if(TrailingStop>0)
{
if((OrderOpenPrice()-Ask)>(MyPoint*TrailingStop))
{
if((OrderStopLoss()>(Ask+MyPoint*TrailingStop)) || (OrderStopLoss()==0))
{
OrderModify(OrderTicket(),OrderOpenPrice(),Ask+MyPoint*TrailingStop,OrderTakeProfit(),0,Red);
return(0);
}
}
}
}
}
}
return(0);
}
int TotalOrdersCount()
{
int result=0;
for(int i=0;i<OrdersTotal();i++)
{
OrderSelect(i,SELECT_BY_POS ,MODE_TRADES);
if (OrderMagicNumber()==MagicNumber) result++;
}
return (result);
}
