Use trade entry as exit condition

Skollie · **Joined:** Wed Jun 13, 2012 3:40 am **Posts:** 4

I have constructed an EA on Molanis that besides the Technical Indicators also have to use the "trade entry" as an exit condition. More specifically, when Technical Indicators point to an exit of a long position then this must only be allowed if the close of the previous bar (current price) is higher than the trade entry and the reverse for short positions.

I have searched Molanis but cannot find anything that will allow me to make the trade entry point a condition of exiting the trade.

Can you please advise?

admin · **Joined:** Fri Oct 16, 2009 3:40 pm **Posts:** 451

If you mean the opened price for the position, we might have it in the next release after the summer

Skollie · **Joined:** Wed Jun 13, 2012 3:40 am **Posts:** 4

Yes, that is what I mean. If that is not possible at present :cry:

, what about an alternative: A condition that the EA only close the trade if the trade is in profit?

RJo · **Joined:** Sun Jun 19, 2011 9:38 pm **Posts:** 270

I would review this thread for a related discussion of the same trade condition: http://www.molanis.com/forum/viewtopic.php?f=2&t=1497.

Skollie · **Joined:** Wed Jun 13, 2012 3:40 am **Posts:** 4

I am really struggling with this but need the code to finalise my ea. Is there anyone on this forum who can assist. What I need is code for the MQL block where I choose as trade condition the indicator "iClose" to be > the tade entry price (in a long trade) and I have no idea how to define the "trade entry price" in the MQL block.

Anyone who can help?

RJo · **Joined:** Sun Jun 19, 2011 9:38 pm **Posts:** 270

Try this for your buy position:

((OrderSelect(0,SELECT_BY_POS)==true)&&(OrderSymbol()==Symbol())&&(OrderMagicNumber()==MagicNumberLong)&&(OrderType()==OP_BUY))&&((OrderOpenPrice())<(MarketInfo(Symbol(),MODE_ASK))

And this for your sell position:

((OrderSelect(0,SELECT_BY_POS)==true)&&(OrderSymbol()==Symbol())&&(OrderMagicNumber()==MagicNumberShort)&&(OrderType()==OP_SELL))&&((OrderOpenPrice())>(MarketInfo(Symbol(),MODE_BID))

Not sure if these will work.

I submitted a request at http://www.molanis.com/forum/viewtopic.php?p=4631#p4631 to see which code can be included in an MQL block. Please post your results here or there if you try these code blocks.

RJo · **Joined:** Sun Jun 19, 2011 9:38 pm **Posts:** 270

RJo wrote:

Try this for your buy position:

((OrderSelect(0,SELECT_BY_POS)==true)&&(OrderSymbol()==Symbol())&&(OrderMagicNumber()==MagicNumberLong)&&(OrderType()==OP_BUY))&&((OrderOpenPrice())>(MarketInfo(Symbol(),MODE_BID))

And this for your sell position:

((OrderSelect(0,SELECT_BY_POS)==true)&&(OrderSymbol()==Symbol())&&(OrderMagicNumber()==MagicNumberShort)&&(OrderType()==OP_SELL))&&((OrderOpenPrice())<(MarketInfo(Symbol(),MODE_ASK))

Not sure if these will work.

I submitted a request at http://www.molanis.com/forum/viewtopic.php?p=4631#p4631 to see which code can be included in an MQL block. Please post your results here or there if you try these code blocks.

UPDATE: Per admin, mql4 commands work in the MQL block while special Molanis commands do not. So the above code should work--all commands are standard mql4.

Skollie · **Joined:** Wed Jun 13, 2012 3:40 am **Posts:** 4

Thank you very much RJo, will give it a try.

RJo · **Joined:** Sun Jun 19, 2011 9:38 pm **Posts:** 270

No problem... however I just realized my > and < are backwards according to your 1st post. The marketinfo part is basically the current price, so I thnk you need to switch < for > and vise versa.

I have edited my previous post to reflect these changes.

MikeT · **Joined:** Thu Aug 23, 2012 2:00 pm **Posts:** 49

I was very happy to find this post as I have been struggling with exactly the same issue.... ONLY problem is that I get told

that the trading Condition has got errors...

Where you able to get this right Skollie?

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Use trade entry as exit condition