OCO orders

[gidnoa]

Can someone please help with coding OCO orders?
I'm looking at something like buying 10 pips above 8am price or selling 10 pips below, if one order is executed the other should be canceled.
This is the part when i send pending orders:

Code: Select all

if (HourOf(time) = 8)  then
    begin
      price1 := Ask +10*Point;
      price2 := Bid - 10*point;
      SendPendingOrder(Symbol, op_BuyStop, 0.1, price1 - 20*Point, price1 + 20*Point, price1, '', 0, OrderHandle);
      SendPendingOrder(Symbol, op_SellStop, 0.1, price2 - 20*Point, price2 + 20*Point, price2, '', 0, OrderHandle);
    end;


anyone can help with how i cancel the second order once one is opened?
Thanks!

[Terranin]

Can someone please help with coding OCO orders?
I'm looking at something like buying 10 pips above 8am price or selling 10 pips below, if one order is executed the other should be canceled.
This is the part when i send pending orders:

Code: Select all

if (HourOf(time) = 8)  then
    begin
      price1 := Ask +10*Point;
      price2 := Bid - 10*point;
      SendPendingOrder(Symbol, op_BuyStop, 0.1, price1 - 20*Point, price1 + 20*Point, price1, '', 0, OrderHandle);
      SendPendingOrder(Symbol, op_SellStop, 0.1, price2 - 20*Point, price2 + 20*Point, price2, '', 0, OrderHandle);
    end;


anyone can help with how i cancel the second order once one is opened?
Thanks!

You should save order handles, so use OrderHandle1 and OrderHandle2 as a global variables. Also check if these orders already set here:

Code: Select all

if (HourOf(time) = 8) and (OrderHandle1 = -1) and (OrderHandle2 = -1) then

Otherwise you will open a lot of orders during 8th hour.

Then when you already have orders, you need to monitor them by handles.

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if (OrderHandle1 <> -1) and (OrderHandle2 <> -1) then
  begin
    if OrderSelect(OrderHandle1, SELECT_BY_TICKET, MODE_TRADES) and  (OrderType in [tp_Buy, tp_Sell]) then
      CloseOrder(OrderHandle2)
    else
      if OrderSelect(OrderHandle2, SELECT_BY_TICKET, MODE_TRADES) and (OrderType in [tp_Buy, tp_Sell]) then
      CloseOrder(OrderHandle1);
  end;

when both orders closed or you do not need them any more set their handles to -1

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if OrderClosed(OrderHandle1) and OrderClose(OrderHandle2) then
  begin
    OrderHandle1 := -1;
    OrderHandle2 := -1;
  end;


[gidnoa]

Gotit, Thanks a bunch for your quick reply!!!