CODE FOR XAUUSD BOT TRADING
- Kevin PPP
- Aug 24, 2023
- 2 min read
// Define trade instrument
input string tradeInstrument = "XAUUSD";
// Define trade size
input double tradeSize = 0.01;
// Define maximum open trades
input int maxOpenTrades = 5;
// Define maximum total open position
input double maxOpenPosition = 0.05;
// Define buy criteria
input double buyCriteria = 0.003; // 0.3% increase
// Define take profit criteria
input double takeProfitCriteria = 0.003; // 0.3% increase
// Define market hours
input datetime marketOpenTime = D'2023.08.20 08:00'; // Replace with the correct date
input datetime marketCloseTime = D'2023.08.20 16:00'; // Replace with the correct date
// Define variables
double previousBuyPrice = 0.0;
double currentBuyPrice = 0.0;
double currentSellPrice = 0.0;
int openTrades = 0;
double totalOpenPosition = 0.0;
//+------------------------------------------------------------------+
//| Expert initialization function |
//+------------------------------------------------------------------+
int OnInit()
{
EventSetMillisecondTimer(1000); // Set timer event to 1 second
return(INIT_SUCCEEDED);
}
//+------------------------------------------------------------------+
//| Expert deinitialization function |
//+------------------------------------------------------------------+
void OnDeinit(const int reason)
{
EventKillTimer(); // Remove timer event
}
//+------------------------------------------------------------------+
//| Timer event handler |
//+------------------------------------------------------------------+
void OnTimer()
{
if (TimeCurrent() >= marketOpenTime && TimeCurrent() <= marketCloseTime)
{
if (openTrades < maxOpenTrades && totalOpenPosition < maxOpenPosition)
{
if (previousBuyPrice > 0.0)
{
if (currentBuyPrice >= previousBuyPrice * (1 + buyCriteria))
BuyTrade(tradeInstrument, tradeSize);
}
else
BuyTrade(tradeInstrument, tradeSize);
}
if (currentSellPrice > 0.0)
{
if (currentSellPrice >= currentBuyPrice * (1 + takeProfitCriteria))
SellTrade(tradeInstrument, tradeSize);
}
}
}
//+------------------------------------------------------------------+
//| Function to execute buy trade |
//+------------------------------------------------------------------+
void BuyTrade(string instrument, double size)
{
double slippage = 3; // Define slippage value
double stopLoss = currentBuyPrice - (currentBuyPrice * 0.005); // Set stop loss
double takeProfit = currentBuyPrice + (currentBuyPrice * 0.01); // Set take profit
// Execute buy trade logic
MqlTradeRequest request = {0};
request.action = TRADE_ACTION_DEAL;
request.symbol = instrument;
request.volume = size;
request.type = ORDER_TYPE_BUY;
request.price = currentBuyPrice;
request.sl = stopLoss;
request.tp = takeProfit;
request.deviation = int(slippage); // Convert to integer
MqlTradeResult result = {0};
if (OrderSend(request, result))
{
Print("Buy trade executed for instrument: ", instrument, " with size: ", size);
openTrades++;
totalOpenPosition += size;
previousBuyPrice = currentBuyPrice;
}
else
{
Print("Error executing buy trade. Error code: ", GetLastError());
}
}
//+------------------------------------------------------------------+
//| Function to execute sell trade |
//+------------------------------------------------------------------+
void SellTrade(string instrument, double size)
{
double slippage = 3; // Define slippage value
double stopLoss = currentSellPrice + (currentSellPrice * 0.005); // Set stop loss
double takeProfit = currentSellPrice - (currentSellPrice * 0.01); // Set take profit
// Execute sell trade logic
MqlTradeRequest request = {0};
request.action = TRADE_ACTION_DEAL;
request.symbol = instrument;
request.volume = size;
request.type = ORDER_TYPE_SELL;
request.price = currentSellPrice;
request.sl = stopLoss;
request.tp = takeProfit;
request.deviation = int(slippage); // Convert to integer
MqlTradeResult result = {0};
if (OrderSend(request, result))
{
Print("Sell trade executed for instrument: ", instrument, " with size: ", size);
openTrades--;
totalOpenPosition -= size;
}
else
{
Print("Error executing sell trade. Error code: ", GetLastError());
}
}
Comments