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Thread: Open opposite / reverse trade: The "holy grai'l of forex trading

  1. #1
    Junior Member
    Join Date
    Jan 2016
    Posts
    2

    Default Open opposite / reverse trade: The "holy grai'l of forex trading

    I have spent a number of years forex trading, with some success. My trading strategies yield more successful trades than losses. But unless, you can open an opposite trade (not just a stop loss), then performance of any strategy is seriously limited.


    funyoo, please please assist.



    I have pasted detailed tread of the type of assistance that you can provide.


    Max trade per bar


    If you can provide this type of detailed instruction, I will be a happy-camper.


    My strategy is

    - If losses on an open trade exceed 75 pips, then open an opposite trade of the same pair.
    - New opposite trade must have an higher lot
    - Close this pair if losses on both trades exceed XXXX amount (I am prepared for losses, but at least they must be manageable)
    - Close this pair if profit exceeds XXXXX amount


    Funyoo, this is the holy grail of trading, whatever trading strategy anyone can think of.


    Thank oyu in advance

  2. #2
    Junior Member
    Join Date
    Jan 2016
    Posts
    2

    Default

    Maybe this may help;


    //+----------------------------------------------------------------------------------------------------------------------------------+
    //|The intention of this strategy is: If losses on an open trade exceed 75 pips, then open an opposite trade of the same pair. |
    //|- New opposite trade must have a higher lot |
    //|- Close this pair if losses on both trades exceed $20 amount (I am prepared for losses, but at least they must be manageable) |
    //|- Close this pair if profit exceeds $30 amount |
    //| |
    //| |
    //+------------------- DO NOT REMOVE THIS HEADER ------------------------------------------------------------------------------------+

    #define SIGNAL_NONE 0
    #define SIGNAL_BUY 1
    #define SIGNAL_SELL 2
    #define SIGNAL_CLOSEBUY 3
    #define SIGNAL_CLOSESELL 4

    extern int MagicNumber = 4513194;
    extern bool EachTickMode = True;
    extern double Lots = 0.61;
    extern double LotsRO = 1.26;
    extern int Slippage = 5;
    extern bool UseStopLoss = True;
    extern int StopLoss = 150;
    extern bool UseReverseStopLoss = True;
    extern int ReverseStopLoss = 75;
    extern bool UseTakeProfit = True;
    extern int TakeProfit = 20;
    extern bool UseReverseTakeProfit = True;
    extern int ReverseTakeProfit = 80;
    extern bool UseTrailingStop = True;
    extern int WhenToTrail = 70;
    extern int TrailingStop = 20;
    extern bool UseReverseTrailingStopLoss = True;
    extern int ReverseWhenToTrailLoss = 90;
    extern int ReverseTrailingStopLoss = 30;

    extern int MaxTradePerBar = 2;
    int ThisBarTrade = 0;
    datetime Time0;
    int TradePerBar=0;
    int BarCount=-1;
    int Current;
    bool TickCheck = False;

    //+------------------------------------------------------------------+
    //| expert initialization function |
    //+------------------------------------------------------------------+
    int init() {
    Time0 = Time[0];
    BarCount = Bars;
    if (EachTickMode) Current = 0; else Current = 1;
    Comment (Symbol(), TakeProfit , StopLoss );
    return(0);
    }


    //+------------------------------------------------------------------+
    //| expert deinitialization function |
    //+------------------------------------------------------------------+
    int deinit() {
    return(0);
    }
    //+------------------------------------------------------------------+
    //| expert start function |
    //+------------------------------------------------------------------+
    int start() {
    int Order = SIGNAL_NONE;
    int Total, Ticket;
    double StopLossLevel, TakeProfitLevel;


    double BuyLots, SellLots, BuyProfit, SellProfit;
    double
    ReverseStopLossLevel,
    ReverseTakeProfitLevel,
    ReverseWhenToTrail;

    if (EachTickMode && Bars != BarCount) TickCheck = False;
    Total = OrdersTotal();
    Order = SIGNAL_NONE;

    //+------------------------------------------------------------------+
    //| Variable Begin |
    //+------------------------------------------------------------------+

    double Buy5_2 = iMACD(NULL,0,12,26,9,PRICE_CLOSE,MODE_SIGNAL, Current + 0);
    double Buy7_2 = iCCI(Symbol(),0,12,PRICE_OPEN,0);

    double Sell5_2 = iMACD(NULL,0,12,26,9,PRICE_CLOSE,MODE_SIGNAL, Current + 0);
    double Sell7_2 = iCCI(Symbol(),0,12,PRICE_OPEN,0);

    double CloseBuy3_1 = iMA(NULL, 0, 25, 0, MODE_SMMA, PRICE_OPEN, Current + 1);
    double CloseBuy3_2 = iMA(NULL, 0, 100, 0, MODE_SMA, PRICE_OPEN, Current + 1);
    double CloseBuy4_1 = iMA(NULL, 0, 25, 0, MODE_SMMA, PRICE_OPEN, Current + 0);
    double CloseBuy4_2 = iMA(NULL, 0, 100, 0, MODE_SMA, PRICE_OPEN, Current + 0);
    double CloseBuy5_1 = iMACD(NULL,0,12,26,9,PRICE_CLOSE,MODE_SIGNAL, Current + 1);
    double CloseBuy5_2 = iMACD(NULL,0,12,26,9,PRICE_CLOSE,MODE_SIGNAL, Current + 0);
    double CloseBuy6_1 = iMACD(NULL,0,12,26,9,PRICE_CLOSE,MODE_MAIN, Current + 0);
    double CloseBuy6_2 = iMACD(NULL,0,12,26,9,PRICE_CLOSE,MODE_SIGNAL, Current + 0);

    double CloseSell3_1 = iMA(NULL, 0, 25, 0, MODE_SMMA, PRICE_OPEN, Current + 1);
    double CloseSell3_2 = iMA(NULL, 0, 100, 0, MODE_SMA, PRICE_OPEN, Current + 1);
    double CloseSell4_1 = iMA(NULL, 0, 25, 0, MODE_SMMA, PRICE_OPEN, Current + 0);
    double CloseSell4_2 = iMA(NULL, 0, 100, 0, MODE_SMA, PRICE_OPEN, Current + 0);
    double CloseSell5_1 = iMACD(NULL,0,12,26,9,PRICE_CLOSE,MODE_SIGNAL, Current + 1);
    double CloseSell5_2 = iMACD(NULL,0,12,26,9,PRICE_CLOSE,MODE_SIGNAL, Current + 0);
    double CloseSell6_1 = iMACD(NULL,0,12,26,9,PRICE_CLOSE,MODE_MAIN, Current + 0);
    double CloseSell6_2 = iMACD(NULL,0,12,26,9,PRICE_CLOSE,MODE_SIGNAL, Current + 0);

    //+------------------------------------------------------------------+
    //| Variable End |
    //+------------------------------------------------------------------+

    //Check position
    bool IsTrade = False;

    for (int i = 0; i < Total; i ++)
    {
    OrderSelect(i, SELECT_BY_POS, MODE_TRADES);
    {

    }

    if(OrderType() <= OP_SELL && OrderSymbol() == Symbol()) {
    IsTrade = True;
    if(OrderType() == OP_BUY) {


    //+------------------------------------------------------------------+
    //| Signal Begin(Exit Buy) |
    //+------------------------------------------------------------------+

    if (
    CloseBuy3_1 < CloseBuy3_2
    && CloseBuy4_1 > CloseBuy4_2
    && CloseBuy5_1 > 0.001
    && CloseBuy5_2 < 0.001
    && CloseBuy6_1 > CloseBuy6_2
    ) Order = SIGNAL_CLOSEBUY;


    //+------------------------------------------------------------------+
    //| Signal End(Exit Buy) |
    //+------------------------------------------------------------------+

    if (Order == SIGNAL_CLOSEBUY && ((EachTickMode && !TickCheck) || (!EachTickMode && (Bars != BarCount)))) {
    OrderClose(OrderTicket(), OrderLots(), Bid, Slippage, MediumSeaGreen);
    if (!EachTickMode) BarCount = Bars;
    IsTrade = False;
    continue;
    }
    //Trailing stop
    if(UseTrailingStop && TrailingStop > 0) {
    if(Bid - OrderOpenPrice() > (Point*1) * TrailingStop) {
    if(OrderStopLoss() < Bid - (Point*1) * TrailingStop) {
    OrderModify(OrderTicket(), OrderOpenPrice(), Bid - (Point*1) * TrailingStop, OrderTakeProfit(), 0, MediumSeaGreen);
    if (!EachTickMode) BarCount = Bars;
    continue;

    }
    }
    }
    } else {

    //+------------------------------------------------------------------+
    //| Signal Begin(Exit Sell) |
    //+------------------------------------------------------------------+
    if (
    CloseSell3_1 > CloseSell3_2
    && CloseSell4_1 < CloseSell4_2
    && CloseSell5_1 < -0.001
    && CloseSell5_2 > -0.001
    && CloseSell6_1 < CloseSell6_2
    ) Order = SIGNAL_CLOSESELL;
    //+------------------------------------------------------------------+
    //| Signal End(Exit Sell) |
    //+------------------------------------------------------------------+

    if (Order == SIGNAL_CLOSESELL && ((EachTickMode && !TickCheck) || (!EachTickMode && (Bars != BarCount)))) {
    OrderClose(OrderTicket(), OrderLots(), Ask, Slippage, DarkOrange);
    if (!EachTickMode) BarCount = Bars;
    IsTrade = False;
    continue;
    }
    //Trailing stop
    if(UseTrailingStop && TrailingStop > 0) {
    if((OrderOpenPrice() - Ask) > ((Point*1) * TrailingStop)) {
    if((OrderStopLoss() > (Ask + (Point*1) * TrailingStop)) || (OrderStopLoss() == 0)) {
    OrderModify(OrderTicket(), OrderOpenPrice(), Ask + (Point*1) * TrailingStop, OrderTakeProfit(), 0, DarkOrange);
    if (!EachTickMode) BarCount = Bars;
    continue;

    }
    }
    }
    }
    }
    }

    //+------------------------------------------------------------------+
    //| Signal Begin(Entry) |
    //+------------------------------------------------------------------+

    if (
    Buy5_2 < -0.00150
    && Buy7_2 < -180
    ) Order = SIGNAL_BUY;

    if (
    Sell5_2 > 0.00150
    && Sell7_2 > 180
    ) Order = SIGNAL_SELL;

    //+------------------------------------------------------------------+
    //| Signal End |
    //+------------------------------------------------------------------+

    //Buy
    if (Order == SIGNAL_BUY && ((EachTickMode && !TickCheck) || (!EachTickMode && (Bars != BarCount) && (TradePerBar<=MaxTradePerBar)))) {

    if(BarCount!=Bars){TradePerBar=0;BarCount=Bars;}

    if(!IsTrade) {
    //Check free margin
    if (AccountFreeMargin() < (1000 * Lots)) {
    Print("We have no money. Free Margin = ", AccountFreeMargin());
    return(0);
    }

    if (UseStopLoss) StopLossLevel = Ask - StopLoss * (Point*1); else StopLossLevel = 0.0;
    if (UseTakeProfit) TakeProfitLevel = Ask + TakeProfit * (Point*1); else TakeProfitLevel = 0.0;
    if(OrderMagicNumber () == MagicNumber)
    if(OrderSymbol () == Symbol())
    if(Bid-OrderOpenPrice () > WhenToTrail*(Point*1))
    if(OrderStopLoss () < Bid-(Point*1)*TrailingStop)
    OrderModify(
    OrderTicket(),
    OrderOpenPrice(),
    Bid - ((Point*1)*TrailingStop),
    OrderTakeProfit (),
    0,
    Yellow);

    if(Time0!=Time[0]){

    Ticket = OrderSend(Symbol(), OP_BUY, Lots, Ask, Slippage, StopLossLevel, TakeProfitLevel,"", MagicNumber, 0, DodgerBlue);

    if (OP_SELLLIMIT > Ask + ReverseWhenToTrailLoss);
    if (Order == OP_SELLLIMIT && ((EachTickMode && !TickCheck) || (!EachTickMode && (Bars != BarCount) && (TradePerBar<=MaxTradePerBar)))) {
    if (UseReverseStopLoss) ReverseStopLossLevel = Bid + ReverseStopLoss * (Point*1); else ReverseStopLossLevel = 0.0;
    if (UseReverseTakeProfit) ReverseTakeProfitLevel = Bid - ReverseTakeProfit * (Point*1); else ReverseTakeProfitLevel = 0.0;
    if(OrderMagicNumber () == MagicNumber)
    if(OrderSymbol () == Symbol())
    if(OrderLots () == LotsRO )
    if(OrderOpenPrice () - Ask > ReverseWhenToTrail*(Point*1))
    if(OrderStopLoss () > Ask + ReverseTrailingStopLoss * (Point*1) || OrderStopLoss () == 0)
    OrderModify(
    OrderTicket(),
    OrderOpenPrice(),
    Ask + (ReverseTrailingStopLoss * (Point*1)),
    OrderTakeProfit (),
    0,
    Yellow);
    Ticket = OrderSend(Symbol(), OP_SELLLIMIT, LotsRO, Ask, Slippage, ReverseStopLossLevel, ReverseTakeProfitLevel,"", MagicNumber, 0, Green);

    Time0=Time[0];

    if(Ticket>0)TradePerBar++;
    }
    if(Ticket > 0) {
    if (OrderSelect(Ticket, SELECT_BY_TICKET, MODE_TRADES)) {
    Print("BUY order opened : ", OrderOpenPrice());
    } else {
    Print("Error opening BUY order : ", GetLastError());
    }
    }
    if (EachTickMode) TickCheck = True;
    if (!EachTickMode) BarCount = Bars;
    return(0);
    }
    }

    //Sell
    if (Order == SIGNAL_SELL && ((EachTickMode && !TickCheck) || (!EachTickMode && (Bars != BarCount) && (TradePerBar<=MaxTradePerBar)))) {

    if(BarCount!=Bars){TradePerBar=0;BarCount=Bars;}

    if(!IsTrade) {
    //Check free margin
    if (AccountFreeMargin() < (1000 * Lots)) {
    Print("We have no money. Free Margin = ", AccountFreeMargin());
    return(0);
    }

    if (UseStopLoss) StopLossLevel = Bid + StopLoss * (Point*1); else StopLossLevel = 0.0;
    if (UseTakeProfit) TakeProfitLevel = Bid - TakeProfit * (Point*1); else TakeProfitLevel = 0.0;
    if(OrderMagicNumber () == MagicNumber)
    if(OrderSymbol () == Symbol())
    if(OrderOpenPrice () - Ask > WhenToTrail*(Point*1))
    if(OrderStopLoss () > Ask + TrailingStop * (Point*1) || OrderStopLoss () == 0)
    OrderModify(
    OrderTicket(),
    OrderOpenPrice(),
    Ask + (TrailingStop * (Point*1)),
    OrderTakeProfit (),
    0,
    Yellow);

    if(Time0!=Time[0]){

    Ticket = OrderSend(Symbol(), OP_SELL, Lots, Bid, Slippage, StopLossLevel, TakeProfitLevel,"", MagicNumber, 0, DeepPink);
    }

    if (OP_BUYLIMIT > Ask + ReverseWhenToTrailLoss);
    if (Order == OP_BUYLIMIT && ((EachTickMode && !TickCheck) || (!EachTickMode && (Bars != BarCount) && (TradePerBar<=MaxTradePerBar)))) {
    if (UseReverseStopLoss) ReverseStopLossLevel = Ask - ReverseStopLoss * (Point*1); else ReverseStopLoss = 0.0;
    if (UseReverseTakeProfit) ReverseTakeProfitLevel = Ask + ReverseTakeProfit * (Point*1); else ReverseTakeProfitLevel = 0.0;
    if(OrderMagicNumber () == MagicNumber)
    if(OrderSymbol () == Symbol())
    if(OrderLots () == LotsRO )
    if(Bid-OrderOpenPrice () > ReverseWhenToTrail*(Point*1))
    if(OrderStopLoss () < Bid-(Point*1)*ReverseTrailingStopLoss)
    OrderModify(
    OrderTicket(),
    OrderOpenPrice(),
    Bid - ((Point*1)*ReverseTrailingStopLoss),
    OrderTakeProfit (),
    0,
    White);

    Ticket = OrderSend(Symbol(), OP_BUYLIMIT, LotsRO, Bid, Slippage, ReverseStopLossLevel, ReverseTakeProfitLevel,"", MagicNumber, 0, Green);

    Time0=Time[0];

    if(Ticket>0)TradePerBar++;

    if(Ticket > 0) {
    if (OrderSelect(Ticket, SELECT_BY_TICKET, MODE_TRADES)) {
    Print("", OrderOpenPrice());
    } else {
    Print("Error opening SELL order : ", GetLastError());
    }
    }
    if (EachTickMode) TickCheck = True;
    if (!EachTickMode) BarCount = Bars;
    return(0);
    }
    }

    if (!EachTickMode) BarCount = Bars;

    return(0);
    }
    }
    }

    //+------------------------------------------------------------------+

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