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Code For FL

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Stellamaris Mutuku
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23 views5 pages

Code For FL

Uploaded by

Stellamaris Mutuku
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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//+------------------------------------------------------------------+

//| Expert initialization function |

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

input double VolatilityThreshold = 0.25; // Threshold to initiate trades based on volatility

input double LotSize = 1.0; // Lot size for trades

input double RiskPerTrade = 1.0; // Risk per trade in percentage of account

input ENUM_TIMEFRAMES TimeFrame = PERIOD_H1;// Timeframe for market prices

input bool EnablePatternRecognition = true; // Enable pattern recognition feature

double Point = SymbolInfoDouble(_Symbol, SYMBOL_POINT); // Ensure Point is defined

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

//| OnTick function for market condition analysis |

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

void OnTick()

// Get current price of the underlying asset

double Bid = SymbolInfoDouble(_Symbol, SYMBOL_BID);

double Ask = SymbolInfoDouble(_Symbol, SYMBOL_ASK);

// Calculate current market volatility using Black-Scholes logic

double marketVolatility = CalculateVolatility();

// Check for order flow changes and pattern recognition if enabled

bool patternDetected = false;

if (EnablePatternRecognition)

patternDetected = DetectPatterns();

}
// If volatility and patterns suggest a move, execute trades

if (marketVolatility > VolatilityThreshold || patternDetected)

// Decide on Buy or Sell based on order flow and price action

if (Bid > Ask && patternDetected) // Buy signal

double sl = Bid - 100 * Point; // Set Stop Loss below current price

double tp = Bid + 100 * Point; // Set Take Profit above current price

OpenBuyOrder(LotSize, sl, tp);

else if (Ask > Bid && patternDetected) // Sell signal

double sl = Ask + 100 * Point; // Set Stop Loss above current price

double tp = Ask - 100 * Point; // Set Take Profit below current price

OpenSellOrder(LotSize, sl, tp);

// Display volatility, patterns, and decisions on chart

Comment("Bid: ", DoubleToString(Bid, 5), "\nAsk: ", DoubleToString(Ask, 5),

"\nVolatility: ", DoubleToString(marketVolatility, 2),

"\nPattern Detected: ", patternDetected ? "Yes" : "No");

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

//| Function to calculate volatility using Black-Scholes model |


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

double CalculateVolatility()

// Placeholder method for volatility calculation (you can replace this with more sophisticated models)

return 0.3; // Replace with actual volatility computation

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

//| Function to detect common patterns in market price |

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

bool DetectPatterns()

// Here you would implement logic to detect key patterns like Head & Shoulders, Triangles, etc.

// This is a simplified placeholder; you can use historical data to detect price patterns.

return true; // Assume a pattern is detected for now

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

//| Function to Open Buy Orders |

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

void OpenBuyOrder(double lot_size, double sl, double tp)

MqlTradeRequest request;

MqlTradeResult result;

ZeroMemory(request);

request.action = TRADE_ACTION_DEAL;

request.symbol = _Symbol;

request.volume = lot_size;
request.type = ORDER_TYPE_BUY;

request.price = SymbolInfoDouble(_Symbol, SYMBOL_ASK); // Use Ask price

request.sl = sl;

request.tp = tp;

request.deviation = 2; // Slippage tolerance

request.magic = 123456;

request.comment = "Buy Order";

if (!OrderSend(request, result))

Print("Error opening Buy order: ", GetLastError());

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

//| Function to Open Sell Orders |

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

void OpenSellOrder(double lot_size, double sl, double tp)

MqlTradeRequest request;

MqlTradeResult result;

ZeroMemory(request);

request.action = TRADE_ACTION_DEAL;

request.symbol = _Symbol;

request.volume = lot_size;

request.type = ORDER_TYPE_SELL;

request.price = SymbolInfoDouble(_Symbol, SYMBOL_BID); // Use Bid price

request.sl = sl;
request.tp = tp;

request.deviation = 2;

request.magic = 123456;

request.comment = "Sell Order";

if (!OrderSend(request, result))

Print("Error opening Sell order: ", GetLastError());

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