JS-MA-Day - expert for MetaTrader 5

Idea by: JS_Sergey.

MQL5 code by: Vladimir Karputov.

The EA is based on indicator iMA (Moving Average, MA) with timeframe D1.

You can increase your positions (set parameter "Increase positions" to "true"), but you should be careful when setting parameters "Close hour" and "Increase timeframe". An example of erroneously set parameters: You set "Close hour" to "23" and "Increase timeframe" to "PERIOD_H4". In this case, positions will not close at 23-00, since candlesticks open at the period of H4 at the following times: 16-00, 20-00, and 00-00, i.e., we cannot be within the range of 23-00 at all. This is why, if you enable "Close hour" (the value exceeds "-1") for parameter "Increase timeframe", it is better to select H1 or a lower timeframe. When increasing your positions, you can limit the number of open positions ("Max positions") on the current symbol and with the current "magic number".

Stop loss, take profit, and trailing can be disabled. For this, it is sufficient to set the relevant input to zero.

Position size can be managed in two manners: Trading with a constant lot size (parameter "Lots" is above zero, and parameter "Risk" is zero), or dynamically calculating the lot size in risk percents per trade (parameter "Risk" is above zero, and parameter "Lots" is zero).

Inputs

• Increase positions
• Increase timeframe
• Max positions
• Reverse signals
• Close hour ("-1" --> off)

//--- Indicator input

• MA PERIOD_D1: averaging period
• MA PERIOD_D1: horizontal shift
• MA PERIOD_D1: smoothing type
• MA PERIOD_D1: type of price or handle

//--- Trade managing

• Stop Loss (in pips)
• Take Profit (in pips)
• Trailing Stop (in pips)
• Trailing Step (in pips)
• Lots (or "Lots">0 and "Risk"==0 or "Lots"==0 and "Risk">0)
• Risk (or "Lots">0 and "Risk"==0 or "Lots"==0 and "Risk">0)
• magic number