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You liked the script? Try it in the MetaTrader 5 terminal
- Views:
- 33666
- Rating:
- Published:
- 2013.05.27 09:34
- Updated:
- 2016.11.22 07:32
-
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See Topic https://www.mql5.com/en/forum/144092 and you can read why this was made.
This version is the last I made to have in real time also on chart displaying correct way.
- Buffer 1 is normal ZigZag thick red line.
- Buffer 2 is HighMapBuffer thin green line as in normal ZigZag.
- Buffer 3 is LowMapBuffer thin yellow line as in normal ZigZag.
- Buffer 4 is Line connecting real ZigZag Highs Thick Magenta Line.
- Buffer 5 is Line connecting real ZigZag Lows Thick LightSkyBlue Line.
![[EA] - Charles-1.3.7](https://c.mql5.com/i/code/expert.png)
Improvements to the previous version.

I wrote a new indicator to find the range bound period, then we can place order when the price break the range bound.

The Expert Advisor places buy trades when RSI crosses above 73 and sells when it drops below 27. A trailing stop based on ATR protects profits.

Expert Advisor opens deals based on price consolidations