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Nova - expert for MetaTrader 5
- Published by:
- Vladimir Karputov
- Views:
- 6370
- Rating:
- Published:
- 2017.11.03 12:38
- Updated:
- 2018.02.28 10:51
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The author of the idea: Vit, the mq5 code author: barabashkakvn.
Input Parameters
- N-seconds ago - the number of seconds to record price movement.
- Step (in pips) - step value.
- Lots - position volume.
- Stop Loss (in pips) - Stop Loss value.
- Take Profit (in pips) - Take Profit value.
- Coefficient, if the stop-loss is triggered - lot increase ratio after the stop loss.
The Expert Advisor analyzes the last 'N-seconds ago' seconds and compares with the current price.
The Expert Advisor monitors triggering of Stop Loss and Take Profit by using the excellent enumeration ENUM_DEAL_REASON:
Identifier | Description |
---|---|
*** | |
DEAL_REASON_SL | The deal was executed as a result of Stop Loss activation |
DEAL_REASON_TP | The deal was executed as a result of Take Profit activation |
*** |
If Stop Loss has triggered, the lot of the next position will be increased in accordance with the 'Coefficient, if the stop-loss is triggered' parameter.
Position Opening Rules
- BUY - bar #1 must be bullish (Close > Open) and the current price must be higher than the price 'N-seconds ago' by 'Step'.
- SELL - bar #1 must be bearish (Close < Open) and the current price must be lower than the price 'N-seconds ago' by 'Step'.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/19218
Works with pending stop orders (Buy Stop and Sell Stop). Monitors spread %.
LockerThe EA lock positions.
The trading system is based on iMACD (Moving Average Convergence/Divergence, MACD) and iStochastic (Stochastic Oscillator)
Resistance & SupportThe indicator of support and resistance lines calculated based on the iFractals (Fractals) indicator values.