SupportResistTrader[MODIFIED]

Author: Copyright � 2008, Gryb Alexander
Price Data Components
Series array that contains the lowest prices of each barSeries array that contains the highest prices of each bar
Orders Execution
Checks for the total of open ordersIt automatically opens orders when conditions are reachedIt Closes Orders by itself It can change open orders parameters, due to possible stepping strategy
Indicators Used
Moving average indicator
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Profitability Reports

AUD/USD Oct 2024 - Jan 2025
4.00 %
Total Trades 3
Won Trades 0
Lost trades 0
Win Rate 0.00 %
Expected payoff -1455.00
Gross Profit 172.00
Gross Loss -4537.00
Total Net Profit -4365.00
-100%
-50%
0%
50%
100%
GBP/USD Oct 2024 - Jan 2025
1.00 %
Total Trades 3
Won Trades 2
Lost trades 1
Win Rate 0.67 %
Expected payoff -1867.00
Gross Profit 68.00
Gross Loss -5669.00
Total Net Profit -5601.00
-100%
-50%
0%
50%
100%
SupportResistTrader[MODIFIED]

//+------------------------------------------------------------------+
//|                                           SupportResistTrade.mq4 |
//|                                 Copyright © 2008, Gryb Alexander |
//|                                                                  |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2008, Gryb Alexander"
#property link      ""
 
extern int numBars  = 55;
extern int maPeriod = 500;
extern int Lots     = 1;
extern double   TrailingStop = 50;
 
 
double support;
double resist;
string trendType;
int timeFrame = 1;
//+------------------------------------------------------------------+
//| expert initialization function                                   |
//+------------------------------------------------------------------+
int init()
  {
//----
    ObjectCreate("lineSupport",OBJ_HLINE,0,0,0);
    ObjectSet("lineSupport",OBJPROP_COLOR,Blue);
    
    ObjectCreate("lineResist",OBJ_HLINE,0,0,0);
    ObjectSet("lineResist",OBJPROP_COLOR,Red);
    
    ObjectCreate("lblTrendType",OBJ_LABEL,0,0,0,0,0);
    ObjectSet("lblTrendType",OBJPROP_XDISTANCE,50);
    ObjectSet("lblTrendType",OBJPROP_YDISTANCE,50);
    ObjectSetText("lblTrendType","TrendType",14,"Tahoma",Red);
 
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| expert deinitialization function                                 |
//+------------------------------------------------------------------+
int deinit()
  {
//----
    ObjectsDeleteAll();
    
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| expert start function                                            |
//+------------------------------------------------------------------+
int start()
  {
//----
  MarketAnalize();
  if(OrdersTotal()==0)
   CheckForOpen();
  else
   CheckForClose();
//----
   return(0);
  }
 
void MarketAnalize()
{
  // ---------------------------------------
  support = 10000;
  resist = 0;  
  for(int k = 1;k<=numBars;k++)
  {
   if(support>iLow(Symbol(),timeFrame,k))
     support = iLow(Symbol(),timeFrame,k);
   if(resist<iHigh(Symbol(),timeFrame,k))
     resist = iHigh(Symbol(),timeFrame,k);
  }   
  ObjectSet("lineSupport",OBJPROP_PRICE1,support);
  ObjectSet("lineResist",OBJPROP_PRICE1,resist);
  
  //-----------------------------------------------------------
  double ma = iMA(Symbol(),0,maPeriod,0,MODE_EMA,PRICE_OPEN,0);
  
  if(Open[0]>ma)
  {
    trendType = "bullish";
  }
  if(Open[0]<ma)
  {
    trendType = "bearish";
  }
  ObjectSetText("lblTrendType",trendType);
}
 
void CheckForOpen()
{
 
  if(trendType=="bullish")
  {
    if(Ask>resist) OrderSend(Symbol(),OP_BUY,Lots,Ask,3,support,0,"Support & Resistance trader",0,0,Green);
  }
  if(trendType=="bearish")
  {
    if(Bid<support)  OrderSend(Symbol(),OP_SELL,Lots,Bid,3,resist,0,"Support & Resistance trader",0,0,Red);
  }
}
void CheckForClose()
{
 OrderSelect(0,SELECT_BY_POS);
 if(OrderProfit()>0)
 {
   if(OrderType()==OP_BUY)
   {
     if(Bid<support) OrderClose(OrderTicket(),OrderLots(),Bid,3);
   }
   if(OrderType()==OP_SELL)
   { 
      if(Ask>resist)  OrderClose(OrderTicket(),OrderLots(),Ask,3);
   }
 }
//Trailing
 if(OrderType()==OP_BUY)
 {
    if(TrailingStop>0)  
              {                 
               if(Bid-OrderOpenPrice()>Point*TrailingStop)
                 {
                  if(OrderStopLoss()<Bid-Point*TrailingStop)
                    {
                     OrderModify(OrderTicket(),OrderOpenPrice(),Bid-Point*TrailingStop,OrderTakeProfit(),0,Green);
                     return(0);
                    }
                 }
              }
  }
  // if((Ask>OrderOpenPrice()+Point*20)&&(OrderStopLoss()<(OrderOpenPrice()+Point*10)))
  //  OrderModify(OrderTicket(),OrderOpenPrice(),OrderOpenPrice()+Point*10,OrderTakeProfit(),0,Blue);
  // if((Ask>OrderOpenPrice()+Point*40)&&(OrderStopLoss()<(OrderOpenPrice()+Point*20)))
  //  OrderModify(OrderTicket(),OrderOpenPrice(),OrderOpenPrice()+Point*20,OrderTakeProfit(),0,Blue);    
  // if((Ask>OrderOpenPrice()+Point*60)&&(OrderStopLoss()<(OrderOpenPrice()+Point*30)))
  //  OrderModify(OrderTicket(),OrderOpenPrice(),OrderOpenPrice()+Point*30,OrderTakeProfit(),0,Blue);
 // }
 if(OrderType()==OP_SELL)
 {
    if(TrailingStop>0)  
              {                 
               if((OrderOpenPrice()-Ask)>(Point*TrailingStop))
                 {
                  if((OrderStopLoss()>(Ask+Point*TrailingStop)) || (OrderStopLoss()==0))
                    {
                     OrderModify(OrderTicket(),OrderOpenPrice(),Ask+Point*TrailingStop,OrderTakeProfit(),0,Red);
                     return(0);
                    }
                 }
              }
  // if((Bid<OrderOpenPrice()-Point*20)&&(OrderStopLoss()>(OrderOpenPrice()-Point*10)))
  //  OrderModify(OrderTicket(),OrderOpenPrice(),OrderOpenPrice()-Point*10,OrderTakeProfit(),0,Blue);     
 //  if((Bid<OrderOpenPrice()-Point*40)&&(OrderStopLoss()>(OrderOpenPrice()-Point*20)))
 //   OrderModify(OrderTicket(),OrderOpenPrice(),OrderOpenPrice()-Point*20,OrderTakeProfit(),0,Blue);     
 //  if((Bid<OrderOpenPrice()-Point*60)&&(OrderStopLoss()>(OrderOpenPrice()-Point*30)))
 //   OrderModify(OrderTicket(),OrderOpenPrice(),OrderOpenPrice()-Point*30,OrderTakeProfit(),0,Blue);     
 
 }
 }
 

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