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Published:

2015.12.11 11:13

Updated:

2016.11.22 07:32

ap_1.01.mq4 (6.9 KB) view

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The script analyzes the market based on two criteria: the moving averages and the support and resistance levels.

The script draws the support and resistance levels on the H4 chart based on the 6-8-week and yearly extremums, and also displays the average values at the same parameters of the flat.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/14301

Lot-SL propotion

The function returns the lot size, which is calculated based on the stop loss size and the risk specified in the variable.

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The function closes all locked orders. This really saves money on the spread.

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Opens orders using the martingale and a virtual trailing stop.

VR Engulfing Pattern

A simple indicator, which informs the trader about the appearance of "Bullish Engulfing" or "Bearish Engulfing" candlestick patterns on all timeframes.

AP Script ver 1.01 - script for MetaTrader 4