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Smoothing Average - expert for MetaTrader 5

Published by:
Vladimir Karputov
Views:
4897
Rating:
(23)
Published:
2018.12.28 13:12
Updated:
2019.01.17 11:29
MQL5 Freelance Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

Idea by: Rietsuiker

Code mq5 by: barabashkakvn

The EA trades on iMA (Moving Average, MA). It holds no more than one position in the market.

Opening rules (Revers signals == false):

  • Open BUY: Price ASK > MA on bar #0 - MA delta
  • Open SELL: Price BID < MA on bar #0 + MA delta

If Revers signals == true, then the open signals will be reversed.

Closing rules (Revers signals == false):

  • Close BUY: Price ASK < MA on bar #0 - (MA delta * MA delta coefficient for close)
  • Close SELL: Price BID > MA on bar #0 + (MA delta * MA delta coefficient for close)

If Revers signals == true, then the close signals will be reversed.

MA delta is the distance between the indicator and the price.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22653

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