Nextbar - expert for MetaTrader 5

Idea by: Scriptor

MQL5 code author: barabashkakvn

The Expert Advisor operates (opens positions and checks the possibility of closing) only at the moment of bar emergence. The trailing function operates (checks the possibility to move Stop Loss) on every tick.

The volume of the opened position is equal to Lots. Stop Loss, Take Profit and Trailing Stop can be disabled by setting the appropriate parameter to "0.0".

Trading system signals

The EA compares the bar #1 Close price with the Signal bar Close price (the Signal bar value cannot be less than 2, otherwise it is considered to be an error and the EA is unloaded). The difference between the closing prices of these two bars should be greater than Minimum distance.

Another restriction: a signal is generated when there are no open positions.

Signals when Use reverse signals = false:

• BUY signal: close of bar #1 - close of bar #Signal bar > Minimum distance;
• SELL signal: close of bar #Signal bar - close of bar #1 > Minimum distance.

If Use reverse signals = true, the generated signal is reversed.

Position lifetime is also checked at a new bar emergence: if it reached Lifetime of the position bars, the position will be closed.

An example of how the reverse of signals influences EURUSD, H1: