Author: emsjoflo
Profit factor:
0.37
Orders Execution
Checks for the total of open ordersIt Closes Orders by itself It can change open orders parameters, due to possible stepping strategyIt automatically opens orders when conditions are reached
Indicators Used
Indicator of the average true range
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PIPQuest
/*-----------------------------+
|			       |
| Shared by www.Aptrafx.com    |
|			       |
+------------------------------*/

//+------------------------------------------------------------------+
//|                                                     PIPQuest.mq4 |
//|                                                         emsjoflo |
//|                                  automaticforex.invisionzone.com |
//+------------------------------------------------------------------+
#property copyright "emsjoflo"
#property link      "automaticforex.invisionzone.com"

//---- input parameters
extern int       nPips=65;
extern int       UseTrStopLevelAsTrailingStop=1;
extern double    lots=0.01;
extern int       StopLoss=0;
extern int       Slippage=4;
extern double ATRmultiplier= 0.45;

double   atr,stop,atrstop,TrStopLevel,SL;
datetime LastOrderTime;
int      i, buys, sells;
int       BarsBackToGetTrStopLevel=1;  //don't change this, gives unreliable results
int       ExitOnBarAfterArrow=1; // don't change this either.  
//+------------------------------------------------------------------+
//| expert initialization function                                   |
//+------------------------------------------------------------------+
int init()
  {
//----
   
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| expert deinitialization function                                 |
//+------------------------------------------------------------------+
int deinit()
  {
//----
   
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| expert start function                                            |
//+------------------------------------------------------------------+
int start()
  {
//----
TrStopLevel=iCustom(NULL,0,"PIPQind",nPips,4,BarsBackToGetTrStopLevel); 
//check for open orders first 
if (OrdersTotal()>0)
   {
   buys=0;
   sells=0;
   for (i=0;i<OrdersTotal();i++)
      {
      OrderSelect(i,SELECT_BY_POS);
      if (OrderSymbol()==Symbol())
         {
         if (OrderType()== OP_BUY)
            {
            if (iCustom(NULL,0,"PIPQind",nPips,1,ExitOnBarAfterArrow)>0) OrderClose(OrderTicket(),OrderLots(),Bid,Slippage,Orange);
            else 
               {
               buys++;
               if (UseTrStopLevelAsTrailingStop==1 && TrStopLevel > OrderStopLoss())OrderModify(OrderTicket(),OrderOpenPrice(),TrStopLevel,OrderTakeProfit(),0,Khaki);
               }
            }
         if (OrderType()== OP_SELL) 
            {
            if (iCustom(NULL,0,"PIPQind",nPips,0,ExitOnBarAfterArrow)>0) OrderClose(OrderTicket(),OrderLots(),Ask,Slippage,Yellow);
            else sells++;
               {
               if (UseTrStopLevelAsTrailingStop==1 && TrStopLevel < OrderStopLoss())OrderModify(OrderTicket(),OrderOpenPrice(),TrStopLevel,OrderTakeProfit(),0,Khaki);
               }
            }
         }
      }
   }
 
if (iCustom(NULL,0,"PIPQind",nPips,0,1)>0 && buys ==0 && (CurTime()-LastOrderTime)/60 > Period())
   {
   //Print("Buy condition");
   atr=iATR(NULL,0,14,1);
   stop=Low[Lowest(NULL,0,MODE_LOW,3,1)];
   atrstop =NormalizeDouble(TrStopLevel-atr*ATRmultiplier,MarketInfo(Symbol(),MODE_DIGITS));
   if (atrstop > stop) stop = atrstop;
   if (StopLoss >1) SL=Ask-StopLoss*Point;
   else SL = stop;
   OrderSend(Symbol(),OP_BUY,lots,Ask,Slippage,SL,0,"sr",123,0,Green);
   LastOrderTime=CurTime();
   }
 if (iCustom(NULL,0,"PIPQind",nPips,1,1)>0 && sells ==0 && (CurTime()-LastOrderTime)/60 > Period())
   {
   //Print ("Sell condition");
   atr=iATR(NULL,0,14,1);
   stop=High[Highest(NULL,0,MODE_HIGH,3,1)];
   atrstop = NormalizeDouble(TrStopLevel+atr*ATRmultiplier,MarketInfo(Symbol(),MODE_DIGITS));
   if (atrstop < stop) stop =atrstop;
   if (StopLoss>1) SL=Bid+StopLoss*Point;
   else SL = stop;
   OrderSend(Symbol(),OP_SELL,lots,Bid,Slippage,SL,0,"sr",123,0,Red);
   LastOrderTime=CurTime();
   }   
   
   
   
//----
   return(0);
  }
//+------------------------------------------------------------------+

Profitability Reports

NZD/USD Oct 2024 - Jan 2025
0.20
Total Trades 598
Won Trades 98
Lost trades 500
Win Rate 16.39 %
Expected payoff -0.37
Gross Profit 53.52
Gross Loss -274.41
Total Net Profit -220.89
-100%
-50%
0%
50%
100%
AUD/USD Oct 2024 - Jan 2025
0.54
Total Trades 671
Won Trades 0
Lost trades 0
Win Rate 0.00 %
Expected payoff -0.14
Gross Profit 108.65
Gross Loss -199.73
Total Net Profit -91.08
-100%
-50%
0%
50%
100%

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