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You liked the script? Try it in the MetaTrader 5 terminal
10 pips - expert for MetaTrader 5
- Published by:
- Vladimir Karputov
- Views:
- 8576
- Rating:
- Published:
- 2017.01.26 09:18
- Updated:
- 2018.02.16 10:55
- Need a robot or indicator based on this code? Order it on Freelance Go to Freelance
Author of the idea — Yuri, author of the MQL5 code — barabashkakvn.
Pipsing EA. Take Profit is set at 10 pips. Different Stop Loss and Take Profit levels are provided for Buy and Sell orders.
The peculiarity of the strategy is the lack of indicators use.
The algorithm of trading strategy:
- Open the Daily chart of the EURUSD pair, lots 0.1.
- When a new candle (bar) forms open two deals simultaneously (buy and sell) with take profit at 10 points.
- TrailingStop and StopLoss should be set at 50 points.
- If one of the trades is closed, an additional position should be opened in the direction of the remaining one.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/17039
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