Watch how to download trading robots for free
Find us on Twitter!
Join our fan page
Interesting script?
So post a link to it -
let others appraise it
You liked the script? Try it in the MetaTrader 5 terminal
Experts

Autotrader Momentum - expert for MetaTrader 5

Published by:
Vladimir Karputov
Views:
5452
Rating:
(17)
Published:
2018.10.25 18:03
MQL5 Freelance Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

The author of the idea - Collector

mq5 code author - barabashkakvn

The EA works on netting and hedging accounts. Trading signals are checked only when a new bar appears, while trailing works constantly. When opening a position, a stop loss (Stop Loss) and take profit (Take Profit) are placed immediately.

To disable stop loss, take profit or trailing, simply set Stop LossTake Profit or Trailing Stop to "0.0".

Position opening signals - comparing Close price on the current bar #Current bar with the one on the compared bar #Comparable bar:

  • BUY open signal: Close #Current bar > Close #Comparable bar
  • SELL open signal: Close #Current bar < Close #Comparable bar

BUY open signal is also SELL close one, while SELL open signal also serves as BUY close one. A previous position is closed first, and a new one is opened afterwards.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22409

xMASumAvg xMASumAvg

X MA Sum Average indicator

MA_Trend MA_Trend

MA Trend indicator

TimeZonePivotsOpenSystem TimeZonePivotsOpenSystem

The indicator paints candles going beyond the TimeZonePivots channel

WPR_Histogram_Vol_HTF WPR_Histogram_Vol_HTF

WPR_Histogram_Vol indicator with the timeframe selection option available in input parameters