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Custom Logic For Trading MT5 Mini

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Publié: 14 août 2024

Version actuelle: 1.0

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Custom Logic For Trading MT5 Mini

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 buy condition.
sell_signal: Signal value indicating a sell condition.

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).
shift: Shift mode (0 - current bar, 1 - previous 1 bar, and so on)

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.

Workflow

Initialization: Configure the input parameters to tailor the bot to your specific trading strategy. Attach the script to the desired chart in MetaTrader 4.
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.
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.
Position Management:
- Close on Opposite Signal: If the close_on_opposite parameter is enabled, the bot closes positions when an opposite signal is detected.
- Break-even: When the price reaches the specified break-even level, the bot adjusts the stop loss to the entry price to secure profits.
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

Setup: Configure the input parameters according to your trading strategy.
Deployment: Attach the script to the desired chart in MetaTrader 5.
Execution: The bot will automatically manage trading activities based on the configured logic and parameters.

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This EA Utility allows you to manage (with advanced filtering) unlimited open orders (manual or EA) with 16 trailing stop methods: fixed, percent, ATR Exit, Chandelier Exit, Moving Average, Candle High Low Exit, Bollinger Bands, Parabolic, Envelope, Fractal, Ichimoku Kijun-Sen, Alligator, Exit After X Minutes or Bars, RSI and Stochastic. The trailing stop can be either real or virtual, and you can exit fully or with a partial close percent on touch or bar close. Moreover, you can add (overri

100 USD

KT Equity Protector EA consistently monitors the account equity and closes all the market and pending orders once the account equity reached a fixed equity stop loss or profit target. After closing all trading positions, the EA can close all open charts to stop other expert advisors from opening more trading positions. Equity Stop-Loss If your current account balance is $5000 and you set an equity stop loss at $500. In this case, the KT Equity Protector will close all the active and pending

30 USD

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 :

FREE

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 signa

30 USD

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