Name: SimplePivot
Rating: 4.285714285714286 (14 reviews)
Author: Vladimir Karputov

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Published by:

Vladimir Karputov

Views:

5633

Rating:

(14)

Published:

2018.08.23 11:15

SimplePivot.mq5 (23.4 KB) view

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The author of the idea: Scriptor.

mq5 code author - barabashkakvn.

The EA trades a simple Pivot: each new bar features a trading signal for opening a BUY position. At the same time, the following limitations are built in:

The Pivot itself is calculated as (High of bar#1 + Low of bar #1) / 2.0;
If Open of bar #0 < High of bar#1, while Open of bar #0 > Pivot is a SELL signal
If Pivot coincides with the previous Pivot, do nothing. If Pivots are opposite, close the current position and open a new one.

EURUSD,D1:

SimplePivot

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21374

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