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Custom Logic For Trading

Overview

Custom Logic for Trading is a sophisticated automated trading script designed to execute trades based on custom indicator signals, with robust position management features such as trailing stops, break-even settings, and filters. This script allows traders to implement their strategies with high precision and flexibility, enhancing their trading efficiency and profitability.

Input Parameters

Indicator Settings

  • indicator_name: Name of the custom indicator to be used for generating signals.
  • buy_signal: Signal value indicating a buy condition.
  • sell_signal: Signal value indicating a sell condition.

Filter Settings

  • enable_filter: Boolean flag to enable or disable filtering based on MA or ADX.
  • filter_type: Type of filter to use (0 - MA, 1 - ADX, 2 - Both).
  • ma_period: Period for the Moving Average filter.
  • adx_period: Period for the ADX filter.
  • adx_threshold: Threshold value for ADX to validate trends.

Position Sizing

  • lot_size: Size of the lot for each trade.
  • take_profit: Take profit level in points.
  • stop_loss: Stop loss level in points.
  • slippage: Maximum slippage allowed for order execution.

Trading Parameters

  • close_on_opposite: Boolean flag to close positions on opposite signals.
  • logic_direction: Trading logic direction (0 - Direct, 1 - Reversal).
  • trading_side: Side of trading to take (0 - Long only, 1 - Short only, 2 - Both).

Break-even Settings

  • enable_break_even: Boolean flag to enable or disable break-even functionality.
  • break_even_level: Profit level in points at which to move the stop loss to break-even.

Trailing Stop Settings

  • enable_trailing_stop: Boolean flag to enable or disable trailing stop.
  • trailing_stop_type: Type of trailing stop to use (0 - Points, 1 - High/Low, 2 - ATR, 3 - MA).
  • trailing_stop_value: Value for the trailing stop based on the selected type.

Workflow

  1. Initialization: Configure the input parameters to tailor the bot to your specific trading strategy. Attach the script to the desired chart in MetaTrader 4.

  2. Signal Detection: The bot continuously monitors the custom indicator for buy and sell signals. It retrieves the signal using the iCustom function and evaluates it based on the configured buy_signal and sell_signal values.

  3. Filtering: If filtering is enabled, the bot checks additional conditions based on the selected filter type (MA or ADX). For MA, it compares the current price against the moving average. For ADX, it ensures the ADX value exceeds the specified threshold to confirm trend strength.

  4. Trade Execution:

    • Long Positions: When a valid buy signal is detected, and all conditions are met (including filtering), the bot opens a buy position with the specified lot size, stop loss, and take profit.
    • Short Positions: Similarly, when a valid sell signal is detected, and conditions are satisfied, the bot opens a sell position.
  5. Position Management:

    • Close on Opposite Signal: If the close_on_opposite parameter is enabled, the bot closes positions when an opposite signal is detected.
    • Trailing Stop: If trailing stop is enabled, the bot dynamically adjusts the stop loss based on the selected trailing stop type (e.g., high/low of recent bars, ATR, MA).
    • Break-even: When the price reaches the specified break-even level, the bot adjusts the stop loss to the entry price to secure profits.
  6. Continuous Monitoring: The bot continuously monitors market conditions and updates positions as needed, ensuring that the trading strategy is executed consistently and efficiently.

Benefits

  • Automation: Automates the entire trading process, reducing the need for manual intervention.
  • Customization: Highly customizable input parameters to fit various trading strategies.
  • Robust Management: Advanced position management features to optimize trade outcomes.
  • Efficiency: Executes trades with precision, leveraging custom indicators and technical analysis.

Usage

  1. Setup: Configure the input parameters according to your trading strategy.
  2. Deployment: Attach the script to the desired chart in MetaTrader 4.
  3. Execution: The bot will automatically manage trading activities based on the configured logic and parameters.


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Copie señales de cualquier canal del que sea miembro (incluidos los privados y restringidos) directamente en su MT4.  Esta herramienta ha sido diseñada pensando en el usuario y ofrece muchas características que necesita para administrar y monitorear las operaciones. Este producto se presenta en una interfaz gráfica fácil de usar y visualmente atractiva. ¡Personalice su configuración y comience a usar el producto en minutos! Guía del usuario + Demo  | Versión MT5 | Versión Discord Si desea pro
Exp SafetyLock PRO
Vladislav Andruschenko
4.68 (25)
SAFETYLOCK ofrece a los operadores una solución avanzada para protegerse contra las fuertes reversiones del mercado, colocando de manera automática una orden opuesta para cualquier posición ya abierta. Cuando un operador o un EA abre una posición, SAFETYLOCK crea inmediatamente una orden pendiente opuesta. Si la posición comienza a generar pérdidas, esta orden pendiente se activa, formando un bloqueo (lock) que minimiza el riesgo y protege su capital. Este potente EA ofrece una amplia gama de
Trade copier MT4
Alfiya Fazylova
4.52 (29)
Trade Copier es una utilidad profesional diseñada para copiar y sincronizar operaciones entre cuentas comerciales. La copia ocurre desde la cuenta / terminal del proveedor a la cuenta / terminal del destinatario, instalada en la misma computadora o vps. Antes de comprar, puede probar la versión de demostración en una cuenta de demostración. Versión de demostración aquí . Instrucciones completas aquí . Principales funcionalidades y beneficios: Admite la copia de MT4> MT4, MT4> MT5, MT5> MT4, incl
RSI Divergence Scanner is a multi-timeframe and multi-symbol dashboard and alert that checks all timeframes and symbols to find divergences between price chart and RSI indicator. This divergence scanner is integrated with support and resistance zones so you can check the RSI divergences in the most important areas of the chart to find trend reversals in the price chart. Download demo version   (works on M 1,M5,M30,W1 timeframes) Full description of scanner parameters ->   click here . How to get
Layer Master Toolbox
Peter Andrew Thomas
5 (3)
GRID TRADING - Layer Master tool kit is the ultimate, easy to use trading toolkit makes it simple to layer grids of Orders over any entry level. This toolkit will make it simple and fast to Open / Enter and Manage your grid trades on MT4. Every function is simple - but clicking and dragging the order zone - you define an area you want your orders, then you can quickly drag the SL and TP levels to where you want them. Hit one button and your orders are sent!!!  Features: It is capable to send h
CAP Strategy Builder EA
MEETALGO LLC
4.83 (30)
The top-selling EAs on the market cost a lot and one day they are suddenly gone. This is because one strategy will not work in the forex market all the time. Our product is unique from all others in the MQL Marketplace because our EA comes with 34+ built-in indicators that allow adding more strategies every time.  You build your strategy and keep updating it. If one strategy does not work, simply build another all using only one EA. This is All-In-One EA in this market place. You can use as trad
LineSyncMirrorChart
Vitaly Muzichenko
5 (2)
El indicador de correlación y divergencia de pares de divisas: todos los pares en el mismo gráfico de precios. Muestra todos los pares que están abiertos en el terminal. Versión MT5 Ventajas Los operadores que utilizan estrategias de negociación de múltiples divisas pueden observar visualmente el movimiento de precios de los pares seleccionados en el mismo gráfico de precios para comparar los parámetros de su movimiento. Esta es una versión avanzada y extendida del indicador OverLay Cha
RedFox Copier Pro
Rui Manh Tien
4.73 (11)
FREE SIGNAL CHANEL:  https://t.me/redfox_daily_forex_signals Time saving and fast execution Whether you’re traveling or sleeping, always know that Telegram To Mt4 performs the trades for you. In other words, Our   Telegram MT4 Signal Trader  will analyze the trading signals you receive on your selected Telegram channels and execute them to your Telegram to MT4 account. Reduce The Risk Telegram To Mt4   defines the whole experience of copying signals from   Telegram signal copier to mt4  p
VirtualTradePad mt4 Extra
Vladislav Andruschenko
4.88 (57)
Panel de comercio para operar en 1 clic.  ¡Trabajando con posiciones y pedidos!  Operar desde el gráfico o desde el teclado. Con nuestro panel de operaciones, puede operar con un clic del gráfico y realizar operaciones comerciales 30 veces más rápido que el control estándar de MetaTrader. Cálculos automáticos de parámetros y funciones que facilitan la vida de un comerciante y lo ayudan a realizar sus actividades comerciales de manera mucho más rápida y conveniente. Consejos gráficos e informaci
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Overview Custom Logic for Trading MT5 Mini is the free version that designed to execute trades based on custom indicator signals, with robust position management features with break-even settings. This script allows traders to implement their strategies with high precision and flexibility, enhancing their trading efficiency and profitability. Input Parameters Indicator Settings indicator_name : Name of the custom indicator to be used for generating signals. buy_signal : Signal value indicating a
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Overview Custom Logic for Trading Mini is the free version of  Custom Logic for Trading  that designed to execute trades based on custom indicator signals, with robust position management features with break-even settings. This script allows traders to implement their strategies with high precision and flexibility, enhancing their trading efficiency and profitability. Input Parameters Indicator Settings indicator_name : Name of the custom indicator to be used for generating signals. buy_signal :
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Versión 2.0 2024.08.14
Add "Shift" at trading parameter (0 = current bar, 1 = previous 1 bar and so on).