OrderType function

The OrderType() function returns a value which determines the type of operation of the order which was previously selected by the OrderSelect() function:

• OP_BUY — long position,
• OP_SELL — short position,
• OP_BUYLIMIT — pending order Buy Limit,
• OP_BUYSTOP — pending order Buy Stop,
• OP_SELLLIMIT — pending order Sell Limit,
• OP_SELLSTOP — pending order Sell Stop.

In the previous article I gave an example which determined how the position was closed — by Stop Loss order or by Take Profit order. At the same time in this example there is a small mistake: if the selected order is a pending order then this portion of the code will erroneously consider that the position was closed by Take Profit. We will modify our example to exclude this mistake:

   //---- select order/position with ticker  77777
   if ( OrderSelect (77777, SELECT_BY_TICKET) == true) 
     {
       if ((OrderType() == OP_BUY) || (OrderType() == OP_SELL))
         {
           // position is selected successfully
           if ( ((OrderClosePrice() <= OrderStopLoss()) && (OrderType() == OP_BUY)) || 
                ((OrderClosePrice() >= OrderStopLoss()) && (OrderType() == OP_SELL)) )
              {
                 // position closed by Stop Loss
                 // ...
              }
           else
              {
                 // position closed by Take Profit
                 // ...
              }
         }
       else
         Print("Error: it’s not a closed position, it’s a pending order");
     }
  else
    Print("OrderSelect() returned error - ",GetLastError());

By means of an additional checking we manage to separate closed positions from pending orders:

   if ((OrderType() == OP_BUY) || (OrderType() == OP_SELL))