Session_breakout_v01_mbk_www.forex-instruments.info

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//|                                                       EURUSD breakout v0.30 |
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#property copyright "Copyright © 2005, TraderSeven/Matt Kennel"
#property link      "TraderSeven@gmx.net"
//            \\|//             +-+-+-+-+-+-+-+-+-+-+-+             \\|// 
//           ( o o )            |T|r|a|d|e|r|S|e|v|e|n|            ( o o )
//    ~~~~oOOo~(_)~oOOo~~~~     +-+-+-+-+-+-+-+-+-+-+-+     ~~~~oOOo~(_)~oOOo~~~~
// Run on EUR/USD M15 
// If there was a small range during the EU session then there is a trading opportunity during the US session.
//
//----------------------- USER INPUT
//
// --- Numerous programming problems fixed by Matt Kennel ("Doctor Chaos"), now executes trades
//     Not yet profitable.  
extern int Local_start_hour_EU_session=6;
extern int Local_end_hour_EU_session=12;
extern int Local_start_hour_US_session=12;
extern int Local_end_hour_US_session=16;
extern int SmallEUSessionPips=30;
extern bool Trade_on_Monday=false;
extern int TakeProfit=15;
extern int Lots=1;
//----------------------- MAIN PROGRAM LOOP
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//|                                                                  |
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int start()
  {
   int slip=3;
   int Stoploss=12; // in pips
//----
   static double TopRange,LowRange;
   static bool bought,sold,smallsession,sessionfound;
   // static variables will be retained over calls. 
     if (Hour() ==0) 
     {
      //reset for a new day at midnight. 
      TopRange=0;
      LowRange=0;
      bought=false; // we allow only one buy and one sell per day. 
      sold=false;
      sessionfound=false;
     }
   bool TradeDayOK=(DayOfWeek()>=1) && (DayOfWeek()<=5); // M-F, not sat or sun.
   if ((DayOfWeek()==1) && (Trade_on_Monday==false)) TradeDayOK=false;
   // it may be a good idea to also avoid NFP days, first thursday in any month. 
     if(TradeDayOK) 
     {
        if ((sessionfound==false) && (Hour()==Local_start_hour_US_session)) 
        {
         // first time through, compute EU session highs and lows.
         TopRange=High[Highest(NULL,0,MODE_HIGH,24,1)]; // 24 M15 bars during EU session
         LowRange=Low[Lowest(NULL,0,MODE_LOW,24,1)];  // 24 M15 bars during EU session
         if ((TopRange-LowRange)<=SmallEUSessionPips*Point)
            smallsession=true;
         else
            smallsession=false;
         sessionfound=true;
         Print("Identified new EU session + ["+LowRange+","+TopRange+"]"+" DayOfYear()="+DayOfYear()+" small? "+smallsession);
        }
      if(sessionfound && smallsession && (Hour()>=Local_start_hour_US_session) && (Hour()<Local_end_hour_US_session)) // Within US session hours?
        {
         // Calculate EU session range
         //  Print("Am in US session... smallsession, bought, sold = " + smallsession+bought+sold); 
         //  Print("TopRange = "+ TopRange + "LowRange = " + LowRange); 
         int h=TimeHour(CurTime());
         int m=TimeMinute(CurTime());
           if(h>Local_start_hour_EU_session+5 && h<Local_start_hour_EU_session+10) {//at least one US session bar should be completed
            //     Print("Could be buying/selling..."+h+":"+m); 
              if ((bought==false) && (Low[1]> (TopRange+Point*3) )) 
              {
               OrderSend(Symbol(),OP_BUY,Lots,Ask,slip,Ask-(Stoploss*Point),Ask+(TakeProfit*Point),0,0,Blue);
               bought=true;
              }
              if ((sold==false) && (High[1]< (LowRange-Point*3) )) 
              {
               OrderSend(Symbol(),OP_SELL,Lots,Bid,slip,Bid+(Stoploss*Point),Bid-(TakeProfit*Point),0,0,Red);
               sold=true;
              }
           } // end if in 2nd US time. 
        }// end if small session
     }
  }
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