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build an mlq4 EA that buys EURUSD and sells USDCHF at the same time when there is sudden high volume/movement in either pair. Each trade should last 3 pips and wait for a sudden high volume/movement to trade once more. Build it in the most efficient way p

Kevin Kinuthia answered on November 1, 2023 Popularity 1/10 Helpfulness 1/10

answer build an mlq4 EA that buys EURUSD and sells USDCHF at the same time when there is sudden high volume/movement in either pair. Each trade should last 3 pips and wait for a sudden high volume/movement to trade once more. Build it in the most efficient way p

build an mlq4 EA that buys EURUSD and sells USDCHF at the same time when there is sudden high volume/movement in either pair. Each trade should last 3 pips and wait for a sudden high volume/movement to trade once more. Build it in the most efficient way p

Comment

// Define EA properties
input double lotSize = 0.1;  // Lot size for each trade
input int slippage = 3;      // Maximum allowed slippage
input int maxTradeDuration = 14400;  // Maximum trade duration in seconds (4 hours)
input int volumeThreshold = 100;    // Minimum volume to trigger a trade
input double pipSize = 0.0001;      // Pip size for EUR/USD and USD/CHF

// Define trading function
void OnTick()
{
    // Check for sudden high volume/movement in EUR/USD
    double eurUsdVolume = iVolume("EURUSD", 0, 1);
    if (eurUsdVolume > volumeThreshold)
    {
        // Calculate entry price for EUR/USD
        double eurUsdPrice = MarketInfo("EURUSD", MODE_ASK);
        
        // Open a buy order for EUR/USD
        int ticketBuyEurUsd = OrderSend("EURUSD", OP_BUY, lotSize, eurUsdPrice, slippage, 0, 0, "", 0, clrNONE);
        
        if (ticketBuyEurUsd > 0)
        {
            // Wait for the trade to reach the desired profit of 3 pips
            int startTime = GetTickCount();
            while (GetTickCount() - startTime < maxTradeDuration * 1000)
            {
                double currentPrice = MarketInfo("EURUSD", MODE_BID);
                if (currentPrice - eurUsdPrice >= 3 * pipSize)
                {
                    // Close the buy order for EUR/USD
                    OrderClose(ticketBuyEurUsd, lotSize, currentPrice, slippage, clrNONE);
                    break;
                }
                Sleep(1000);  // Sleep for 1 second
            }
        }
    }

    // Repeat the above process for USD/CHF (replace EURUSD with USDCHF)
}

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Contributed on Nov 01 2023

Kevin Kinuthia

0 Answers Avg Quality 2/10

build an mlq4 EA that buys EURUSD and sells USDCHF at the same time when there is sudden high volume/movement in either pair. Each trade should last 3 pips and wait for a sudden high volume/movement to trade once more. Build it in the most efficient way p

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build an mlq4 EA that buys EURUSD and sells USDCHF at the same time when there is sudden high volume/movement in either pair. Each trade should last 3 pips and wait for a sudden high volume/movement to trade once more. Build it in the most efficient way p

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