7 Bar Extension Fade.01

//+------------------------------------------------------------------+
//| 7 Bar Extension Fade.mq4
//| Copyright © 2007, fxid10t@yahoo.com
//| http://www.fxstreet.com/education/
//+------------------------------------------------------------------+

/*Trading Strategy...
Seven Bar Extension Fade – Statistical Significance

Trading Rules

• Look for 7 consecutive bars of weakness (where each bar’s
  close is below the prior)
• Buy at the open of the next bar
• Place stop at the low of the seventh bar minus 10 pips
• First target is amount risked, move stop on remaining half to
  breakeven
• Second target is three times the amount risked

**Reverse for Short  */

#property copyright "Copyright © 2007, fxid10t@yahoo.com"
#property link      "http://www.fxstreet.com/education/"
#include <stdlib.mqh>

extern double Lots=0.1;
extern int    TradingPeriod=60;

string pairs[] = { "EURUSDm","USDJPYm","GBPUSDm","USDCHFm","EURCHFm","AUDUSDm","USDCADm",
                   "NZDUSDm","EURGBPm","EURJPYm","GBPJPYm","CHFJPYm","GBPCHFm","EURAUDm",
                   "EURCADm","AUDCADm","AUDJPYm","NZDJPYm","AUDNZDm" };
int periods[] = { 1,5,15,30,60,240,1440,10080,43200 };

string TradeSymbol, CommentHeader, CommentsPairs[];
int      TradePeriod;
int      Pair = -1;
int      PPeriod = -1;
int      b1,b2,s1,s2;
double   bid,ask,point,bSL1,bSL2,sSL1,sSL2,btp1,btp2,stp1,stp2;

int init(){
   if ( IsTesting() ) { if ( ArrayResize(pairs,1) != 0 )  pairs[0] = Symbol();   } 
   if ( IsTesting() ) { if ( ArrayResize(periods,1) != 0 )  periods[0] = Period(); }

return(0);  }

int deinit(){return(0);}

int start(){
//Select Pair from Array
Pair = (Pair+1) % ArraySize(pairs);
TradeSymbol = pairs[Pair];

//Assign Symbol Bid/Ask & point values
bid=MarketInfo(TradeSymbol,MODE_BID);
ask=MarketInfo(TradeSymbol,MODE_ASK);   
point=MarketInfo(TradeSymbol,MODE_POINT);

//Pair Chart Period Setup check loop
for(int p=0;p<9;p++) {
      PPeriod = (PPeriod+1) % ArraySize(periods);
      TradePeriod = periods[PPeriod];


   int cnt, ticket,total=OrdersTotal();
   if(TotalTradesThisSymbol(TradeSymbol)==0) {  b1=0;b2=0;s1=0;s2=0;   }
   if(TotalTradesThisSymbol(TradeSymbol)>0)  {
      for(cnt=0;cnt<total;cnt++) {
         OrderSelect(cnt,SELECT_BY_POS,MODE_TRADES);
         if(OrderSymbol()==TradeSymbol) {
         if(OrderMagicNumber()==21)  {b1=OrderTicket(); }
         if(OrderMagicNumber()==41)  {b2=OrderTicket(); }
         if(OrderMagicNumber()==11)  {s1=OrderTicket(); }
         if(OrderMagicNumber()==31)  {s2=OrderTicket(); }   }  }  }


//buy setup   
   if(   iClose(TradeSymbol,TradePeriod,1)<iClose(TradeSymbol,TradePeriod,2) &&
         iClose(TradeSymbol,TradePeriod,2)<iClose(TradeSymbol,TradePeriod,3) &&
         iClose(TradeSymbol,TradePeriod,3)<iClose(TradeSymbol,TradePeriod,4) &&
         iClose(TradeSymbol,TradePeriod,4)<iClose(TradeSymbol,TradePeriod,5) &&
         iClose(TradeSymbol,TradePeriod,5)<iClose(TradeSymbol,TradePeriod,6) &&
         iClose(TradeSymbol,TradePeriod,6)<iClose(TradeSymbol,TradePeriod,7) )  {
//buy execution        
      if(b1==0)   {
         bSL1=iLow(TradeSymbol,TradePeriod,1)-(ask-bid)-(10*point);  
         btp1=ask+(ask-(iLow(TradeSymbol,TradePeriod,1)-(ask-bid)-(10*point)));
         ticket=OrderSend(TradeSymbol,
                          OP_BUY,
                          Lots,
                          ask,
                          0,//slippage
                          bSL1,
                          btp1,
                          TradeSymbol+" "+TradePeriod+" 7 BEF 1st Long",
                          21,
                          0,//timedelete(),
                          Aqua);
                          if(ticket>0)   {
                              if(OrderSelect(ticket,SELECT_BY_TICKET,MODE_TRADES))
                                    {  b1=ticket;  Print(ticket); }
                                 else Print("Error Opening BuyStop Order: ",GetLastError());
                                 return(0);  }  }
      if(b2==0)   {
         bSL2=iLow(TradeSymbol,TradePeriod,1)-(ask-bid)-(10*point);
         btp2=ask + NormalizeDouble( ((ask-(iLow(TradeSymbol,TradePeriod,1)-(ask-bid)-(10*point))*3)) , Digits);
         ticket=OrderSend(TradeSymbol,
                          OP_BUY,
                          Lots,
                          ask,
                          0,//slippage
                          bSL2,
                          btp2,
                          TradeSymbol+" "+TradePeriod+" 7 BEF 2nd Long",
                          41,
                          0,//timedelete(),
                          Aqua);
                          if(ticket>0)   {
                              if(OrderSelect(ticket,SELECT_BY_TICKET,MODE_TRADES))
                                    {   b2=ticket; Print(ticket); }
                                 else Print("Error Opening BuyStop Order: ",GetLastError());
                                 return(0);  }  }  }
//Sell Setup
   if(   iClose(TradeSymbol,TradePeriod,1)>iClose(TradeSymbol,TradePeriod,2) &&
         iClose(TradeSymbol,TradePeriod,2)>iClose(TradeSymbol,TradePeriod,3) &&
         iClose(TradeSymbol,TradePeriod,3)>iClose(TradeSymbol,TradePeriod,4) &&
         iClose(TradeSymbol,TradePeriod,4)>iClose(TradeSymbol,TradePeriod,5) &&
         iClose(TradeSymbol,TradePeriod,5)>iClose(TradeSymbol,TradePeriod,6) &&
         iClose(TradeSymbol,TradePeriod,6)>iClose(TradeSymbol,TradePeriod,7) )  {
//Sell Execution
      if(s1==0)   {
         sSL1=iHigh(TradeSymbol,TradePeriod,1)+(ask-bid)+(10*point);
         stp1=bid-(iHigh(TradeSymbol,TradePeriod,1)+(ask-bid)+(10*point)-bid);
         ticket=OrderSend(TradeSymbol,
                          OP_SELL,
                          Lots,
                          bid,
                          0,
                          sSL1,
                          stp1,
                          TradeSymbol+" "+TradePeriod+" 7 BEF 1st Short",
                          11,
                          0,//timedelete(),
                          HotPink);
                          if(ticket>0)   {
                             if(OrderSelect(ticket,SELECT_BY_TICKET,MODE_TRADES))
                                {  s1=ticket;  Print(ticket); }
                                   else Print("Error Opening SellStop Order: ",GetLastError());
                                   return(0);  }  }
      if(s2==0)   {
         sSL2=iHigh(TradeSymbol,TradePeriod,1)+(ask-bid)+(10*point);
         stp2=bid-NormalizeDouble( (iHigh(TradeSymbol,TradePeriod,1)+(ask-bid)+(10*point)-bid)*3,Digits);
         ticket=OrderSend(TradeSymbol,
                          OP_SELL,
                          Lots,
                          bid,
                          0,
                          sSL2,
                          stp2,
                          TradeSymbol+" "+TradePeriod+" 7 BEF 2nd Short",
                          31,
                          0,//timedelete(),
                          HotPink);
                          if(ticket>0)   {
                              if(OrderSelect(ticket,SELECT_BY_TICKET,MODE_TRADES))
                                    {  s2=ticket;  Print(ticket); }
                                 else Print("Error Opening SellStop Order: ",GetLastError());
                                 return(0);  }  }  }

//Order Modify
   if(OrderSelect(b1,SELECT_BY_TICKET)==false)   {   
      if(OrderSelect(b2,SELECT_BY_TICKET)==true)   {
         double SL=OrderOpenPrice()+(1*point);
         OrderModify(b2,OrderOpenPrice(),OrderOpenPrice()+(1*point),OrderTakeProfit(),0,Blue); }   }
   
   if(OrderSelect(s1,SELECT_BY_TICKET)==false)   {   
      if(OrderSelect(s2,SELECT_BY_TICKET)==true)   {
      SL=OrderOpenPrice()-(1*point);
      OrderModify(s2,OrderOpenPrice(),OrderOpenPrice()-(1*point),OrderTakeProfit(),0,Red); } }
//end
//Print(TradeSymbol+", "+"Period "+TradePeriod);
Print(TradeSymbol," ",MarketInfo(TradeSymbol,13)," Last Tick: ",TimeToStr(CurTime(),TIME_DATE|TIME_SECONDS));
  }
return(0);}
//+------------------------------------------------------------------+
int TotalTradesThisSymbol(string TradeSymbol) {
   int i, TradesThisSymbol=0;
   for(i=0;i<OrdersTotal();i++)  {
      OrderSelect(i,SELECT_BY_POS);
      if(OrderSymbol()==TradeSymbol &&
        (OrderComment()==TradeSymbol+" "+TradePeriod+" 7 BEF 1st Long" ||
         OrderComment()==TradeSymbol+" "+TradePeriod+" 7 BEF 2nd Long" || 
         OrderComment()==TradeSymbol+" "+TradePeriod+" 7 BEF 1st Short" || 
         OrderComment()==TradeSymbol+" "+TradePeriod+" 7 BEF 2nd Short"))   {  TradesThisSymbol++;  }   }
return(TradesThisSymbol);  }//end TotalTradesThisSymbol