This script is designed to automatically place and manage trades in a financial market, likely forex or stocks, based on a specific technical indicator called "Bulls Power." Here's a breakdown of how it works:
1. Setting the Stage:
- The script starts by defining several adjustable parameters:
TakeProfit: This determines how much profit the script aims to make on each trade, measured in points (a unit of price movement).Lots: This defines the size of the trades the script will make.TrailingStop: This is a safety net that automatically adjusts the stop-loss level as the price moves in a favorable direction, locking in profits.StopLoss: This sets the maximum amount of money the script is willing to lose on a trade.
2. Reading the Market:
- The script constantly monitors the market using the "Bulls Power" indicator. This indicator is a tool that attempts to gauge the strength of buyers in the market.
- It looks at the "Bulls Power" value at two different points in time: the previous bar and the current bar.
3. Managing Existing Trades:
- Closing Losing Positions: If the "Bulls Power" indicates a weakening buying trend (previous Bulls Power is higher than the current) the script first tries to close existing buy orders (hoping to close winning positions using a trailing stop).
- Closing Winning Positions: Similarly, if the "Bulls Power" suggests a bearish market, the script attempts to close existing sell orders (using trailing stops).
4. Opening New Trades:
- The script opens new trades only if it doesn't already have an open trade.
- Selling: If the "Bulls Power" reading suggests weakening buying pressure (previous higher than current) and the current value is above zero, the script will place a sell order.
- Buying: If the "Bulls Power" indicator shows a negative value, suggesting strong potential for a price increase, the script will place a buy order.
5. Order Execution:
- When the script decides to open a trade, it sends an order to the trading platform.
- The order includes:
- The direction of the trade (buy or sell).
- The size of the trade (
Lots). - The stop-loss level (
StopLoss). - The take-profit level (
TakeProfit).
In essence, this script automatically analyzes the market using the "Bulls Power" indicator and places trades based on its readings, aiming to profit from short-term price movements while attempting to limit potential losses.
Orders Execution
Indicators Used
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UpDn-Alexander Piechotta-30
//+------------------------------------------------------------------+
extern double TakeProfit = 7;
extern double Lots = 0.1;
extern double TrailingStop = 5;
extern double StopLoss = 30;
int start()
{
double pos1pre=0;
double pos2cur=0;
int cnt=0;
int mode=0;
double openpozprice=0;
pos1pre = iBullsPower(NULL,0,1,PRICE_WEIGHTED,1);
pos2cur = iBullsPower(NULL,0,1,PRICE_WEIGHTED,0);
//Comment("??????? ??????? ",pos2cur,"Previous pos", pos1pre );
if (pos1pre >pos2cur) {
//????????? ??????? ???????
for (cnt=1; cnt<OrdersTotal(); cnt++)
{
OrderSelect(cnt, SELECT_BY_POS, MODE_TRADES);
if( OrderSymbol()==Symbol() && OrderType()==OP_BUY )
{
if (Bid>(OrderOpenPrice()+TrailingStop*Point))
{
OrderClose(OrderTicket(),OrderLots(),Bid,5,Violet);
return(0);
}
}
}
}
if (pos2cur<0)
//????????? ???????? ???????
{
for (cnt=1; cnt<OrdersTotal(); cnt++)
{
OrderSelect(cnt, SELECT_BY_POS, MODE_TRADES);
if( OrderSymbol()==Symbol() && OrderType()==OP_SELL )
{
if (Ask< (OrderOpenPrice()-TrailingStop*Point))
{
OrderClose(OrderTicket(),OrderLots(),Ask,5,Violet);
return(0);
} }
}
}
if (OrdersTotal() < 1 )
{
Print("pos1pre = "+pos1pre+" pos2cur ="+pos2cur);
if (pos1pre>pos2cur && pos2cur>0) {
int ticket=OrderSend(Symbol(),OP_SELL,Lots,Bid,3,0,Bid-TakeProfit*Point,"",0,0,Gold);
return(0);
}
// ????????? ?? ??????????? ?????? ? ??????? ??????? (BUY)
if (pos2cur<0) {
// print("K = "+K+" S ="+S);
ticket=OrderSend(Symbol(),OP_BUY,Lots,Ask,3,0,Ask+TakeProfit*Point,"",0,0,Gold);
return(0);
}
}
}
Profitability Reports
NZD/USD
Oct 2024 - Jan 2025
3.76
Total Trades
258
Won Trades
257
Lost trades
1
Win Rate
99.61 %
Expected payoff
0.51
Gross Profit
179.90
Gross Loss
-47.80
Total Net Profit
132.10
-100%
-50%
0%
50%
100%
GBP/USD
Oct 2024 - Jan 2025
2.22
Total Trades
398
Won Trades
397
Lost trades
1
Win Rate
99.75 %
Expected payoff
0.38
Gross Profit
277.90
Gross Loss
-125.40
Total Net Profit
152.50
-100%
-50%
0%
50%
100%
GBP/CAD
Oct 2024 - Jan 2025
0.03
Total Trades
17
Won Trades
0
Lost trades
0
Win Rate
0.00 %
Expected payoff
-18.44
Gross Profit
8.09
Gross Loss
-321.54
Total Net Profit
-313.45
-100%
-50%
0%
50%
100%
AUD/USD
Oct 2024 - Jan 2025
4.15
Total Trades
308
Won Trades
0
Lost trades
0
Win Rate
0.00 %
Expected payoff
0.53
Gross Profit
214.90
Gross Loss
-51.80
Total Net Profit
163.10
-100%
-50%
0%
50%
100%
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