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- Published by:
- Vladimir Karputov
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- Published:
- 2018.11.20 12:48
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Author of the idea - Vladimir Khlystov
mq5 code author - barabashkakvn
This is a simple Expert Advisor using two indicators: iMA (Moving Average, MA) and iMACD (Moving Average Convergence/Divergence, MACD). The EA opens only one position at a time, therefore it is able to work both on hedging and netting accounts.
First, the indicator looks for a signal bar: when a new bar (#0) appears, check if MACD indicator in bar #1 crosses the zero line. A crossing means a signal bar has been found. Sample signal SELL bar:
As soon as a signal bar is found, remember High and Low prices of a signal bar and wait till the price breaks through one of the prices. In case of a SELL bar: if the price breaks through Low, open SELL,
if the price breaks through High, reset the SELL signal.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/23040
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