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Fortrader 10 Pips Strategy

Overview

The Fortrader 10 Pips Strategy is a StockSharp port of the MetaTrader 4 expert advisor 10pips.mq4 (strategy ID 8074). The robot simultaneously keeps one long and one short position open. Each leg uses fixed take-profit, stop-loss and trailing-stop distances measured in symbol points.

This conversion recreates the hedging behaviour within StockSharp's high-level API. Immediately after the strategy starts it sends a market buy and a market sell order. Whenever a protective order closes a leg the strategy instantly opens a new order in the same direction, keeping two opposing positions alive at all times.

Parameters

Name Description
Take Profit Buy Take-profit distance for the long leg, in points.
Stop Loss Buy Stop-loss distance for the long leg, in points.
Trailing Stop Buy Trailing-stop distance for the long leg, in points. Set to zero to disable trailing.
Take Profit Sell Take-profit distance for the short leg, in points.
Stop Loss Sell Stop-loss distance for the short leg, in points.
Trailing Stop Sell Trailing-stop distance for the short leg, in points. Set to zero to disable trailing.
Volume Volume of every market order in lots.

All distances are multiplied by the instrument's PriceStep to convert from points to absolute price values. Each parameter is exposed through StrategyParam<T> so the strategy can be tuned or optimised via the GUI.

Trading Logic

  1. Startup – OnStarted subscribes to Level 1 data to track the current best bid and ask prices. The strategy immediately sends one market buy and one market sell order.
  2. Protective orders – After each entry fill (OnNewMyTrade) the strategy creates the associated stop-loss and take-profit orders if the distances are greater than zero. Orders are rounded to the nearest price step.
  3. Re-entry – When a stop-loss or take-profit order executes, the closed leg is reopened instantly with a new market order so the two-directional exposure persists.
  4. Trailing stops – Level 1 updates trigger UpdateTrailingStops, which adjusts the stop-loss orders whenever the current bid/ask has moved beyond the configured trailing distance from the entry price. The logic mirrors the original EA: trailing starts once the profit exceeds the trailing distance, and stops are moved only in the direction of profit.

Implementation Notes

  • The original MT4 code waited 10 seconds between the initial buy and sell orders. StockSharp does not require this delay, therefore both orders are sent right away.
  • Because StockSharp uses net positions by default, true hedging may depend on the broker/connector supporting opposing positions. The strategy keeps track of each leg independently and re-establishes them after every exit.
  • StartProtection() is called once during OnStarted so that global risk protections are active if configured in the framework settings.

Usage Tips

  • Ensure the selected connector supports simultaneous long and short positions if the hedging behaviour is required.
  • Set trailing distances to zero to disable trailing for the corresponding leg.
  • Optimise the risk parameters (Take Profit, Stop Loss, Trailing Stop) on historical data to fit the traded symbol and timeframe.
using System;

using StockSharp.Algo.Indicators;
using StockSharp.Algo.Strategies;
using StockSharp.BusinessEntities;
using StockSharp.Messages;

namespace StockSharp.Samples.Strategies;

public class Fortrader10PipsStrategy : Strategy
{
	private readonly StrategyParam<int> _fastPeriod;
	private readonly StrategyParam<int> _slowPeriod;
	private readonly StrategyParam<DataType> _candleType;

	private decimal _prevFast; private decimal _prevSlow; private bool _hasPrev;

	public int FastPeriod { get => _fastPeriod.Value; set => _fastPeriod.Value = value; }
	public int SlowPeriod { get => _slowPeriod.Value; set => _slowPeriod.Value = value; }
	public DataType CandleType { get => _candleType.Value; set => _candleType.Value = value; }

	public Fortrader10PipsStrategy()
	{
		_fastPeriod = Param(nameof(FastPeriod), 7).SetDisplay("Fast EMA", "Fast EMA period", "Indicators");
		_slowPeriod = Param(nameof(SlowPeriod), 21).SetDisplay("Slow EMA", "Slow EMA period", "Indicators");
		_candleType = Param(nameof(CandleType), TimeSpan.FromHours(1).TimeFrame()).SetDisplay("Candle Type", "Candle timeframe", "General");
	}

	protected override void OnStarted2(DateTime time)
	{
		base.OnStarted2(time);
		_hasPrev = false;
		var fast = new ExponentialMovingAverage { Length = FastPeriod };
		var slow = new ExponentialMovingAverage { Length = SlowPeriod };
		var subscription = SubscribeCandles(CandleType);
		subscription.Bind(fast, slow, ProcessCandle).Start();
	}

	private void ProcessCandle(ICandleMessage candle, decimal fast, decimal slow)
	{
		if (candle.State != CandleStates.Finished) return;
		if (!_hasPrev) { _prevFast = fast; _prevSlow = slow; _hasPrev = true; return; }

		if (_prevFast <= _prevSlow && fast > slow && Position <= 0)
		{ if (Position < 0) BuyMarket(); BuyMarket(); }
		else if (_prevFast >= _prevSlow && fast < slow && Position >= 0)
		{ if (Position > 0) SellMarket(); SellMarket(); }
		_prevFast = fast; _prevSlow = slow;
	}

	protected override void OnReseted()
	{
		base.OnReseted();
		_prevFast = 0;
		_prevSlow = 0;
		_hasPrev = false;
	}
}