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MultiSignal Trend EA

The "O'Dav" Expert Advisor (EA) script is designed for MetaTrader 5, leveraging multiple technical indicators and trading strategies to automate trading decisions. This EA focuses on trend-following, combining Relative Strength Index (RSI), Accelerator Oscillator (AC), Envelopes, and Intraday Time Filter (ITF) to identify and capitalize on market trends. Additionally, it incorporates a Parabolic SAR trailing stop for trade management and a fixed-risk money management system to control trading risk.

Detailed Breakdown:

  1. Header Information:

    • The script starts with metadata, including the script name ("O'Dav.mq5"), copyright information, and version details.
    • Includes the necessary libraries for signals, trailing stop, and money management.

  2. Inputs:

    • Expert Advisor Settings:
      • Expert_Title : The name of the Expert Advisor.
      • Expert_MagicNumber : Unique identifier for the EA's trades.
      • Expert_EveryTick : Determines whether the EA operates on every tick or at fixed intervals.
    • Signal Settings:
      • Signal_ThresholdOpen and Signal_ThresholdClose : Threshold values for opening and closing trades.
      • Signal_PriceLevel , Signal_StopLevel , Signal_TakeLevel : Define price levels for execution, stop loss, and take profit.
      • Signal_Expiration : Expiration of pending orders.
      • Specific parameters for each signal indicator (RSI, AC, Envelopes, ITF), including periods, applied prices, weights, and deviation.
    • Trailing Stop Settings:
      • Trailing_ParabolicSAR_Step and Trailing_ParabolicSAR_Maximum : Parameters for the Parabolic SAR trailing stop.
    • Money Management Settings:
      • Money_FixRisk_Percent : Percentage of account balance to risk per trade.
    • Breakeven Settings:
      • Breakeven_Trigger and Breakeven_Offset : Parameters for moving the stop loss to breakeven.

  3. Initialization:

    • OnInit Function:
      • Initializes the EA and its components.
      • Creates and configures the main signal object.
      • Adds various filters (RSI, AC, Envelopes, ITF) to the signal object and sets their parameters.
      • Initializes trailing stop and money management objects.
      • Validates the settings and initializes necessary indicators.

  4. Deinitialization:

    • OnDeinit Function:
      • Properly deinitializes the EA when it is removed or the platform is closed.

  5. Event Handlers:

    • OnTick Function:
      • Handles new tick events to update the EA's logic and make trading decisions.
    • OnTrade Function:
      • Handles trade events to manage open positions.
    • OnTimer Function:
      • Handles timer events for periodic tasks if Expert_EveryTick is set to false.

Key Features:

  • Multi-Indicator Strategy:

    • Uses RSI, AC, Envelopes, and ITF to generate trading signals.
    • Each indicator has configurable parameters, allowing customization for different market conditions.

  • Trend-Following:

    • The EA is designed to follow market trends, leveraging the combination of indicators to identify and act on these trends.

  • Risk Management:

    • Fixed-risk money management system ensures that each trade risks only a predefined percentage of the account balance.
    • Trailing stop using Parabolic SAR helps to lock in profits while allowing trades to run in the direction of the trend.

  • Automation:

    • The EA operates autonomously, making trading decisions based on the predefined logic and parameters.
    • Can handle various market conditions by adjusting the input parameters.

The "O'Dav" EA script represents a comprehensive and robust trading system suitable for traders looking to automate their trend-following strategies with advanced risk and trade management features.


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A molte persone piace il trading XAUUSD e io non faccio eccezione. Dopo aver accumulato esperienza di trading e duro lavoro, ho creato questo Apocalypse XAU EA appositamente per il trading di tutte le varietà correlate a XAU, come XAUUSD/XAUEUR/XAUGBP/XAUCHF /XAUJPY/XAUAUD. Tuttavia, considerando che molte persone potrebbero non aver bisogno di scambiare tutte le coppie di valute XAU, ma solo XAUUSD, un EA entry-level diventa molto significativo. Quindi ho deciso di creare Apocalypse Gold, un EA
TrendMaster FX
Chen Jia Qi
4.57 (82)
Experts
Presentazione del nostro EA MT5: Alimentato da algoritmi avanzati e tecnologia di apprendimento profondo, il nostro Expert Advisor (EA) è meticolosamente progettato per guidarvi attraverso il mondo intricato del trading sul forex. Il sistema analizza diligentemente le attività di mercato ed effettua operazioni in base a criteri prestabiliti, consentendovi di cogliere le tendenze di mercato in modo più efficace. Coppie di valute consigliate: Segnale dal vivo:   TrendMaster FX Versione MT4:   Tre
Golden Taipan FX
Michael Prescott Burney
2.91 (11)
Experts
Golden Taipan FX for XAUUSD H1 - Professional Overview Introduction Golden Taipan FX has been updated to deliver transparent and easily analyzable trades, featuring improved backtest accuracy. The system now automatically updates the timezone offset during initialization, ensuring precise entries and exits. Risk Management and Trade Settings Risk-Reward Ratio : 1:2 Stop Loss (SL) : 500 points Take Profit (TP) : 1000 points These settings offer substantial reward potential while keeping losses m
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Mr James Daniel Coe
4.71 (14)
Experts
8 consulenti al prezzo di uno Con altro in arrivo. L'ultimo robot che dovrai mai comprare! Ultimate Bot è un Expert Advisor multi-strategia che fa trading su   XAUUSD, GBPUSD, AUDCAD, USDCAD, EURGBP, EURUSD, GBPJPY, USDJPY e EURJPY, utilizzando una combinazione di modelli di trend-following, mean-reversion e breakout. Ogni strategia fa trading sul capitale del conto, quindi se un gruppo è in drawdown, gli altri riducono il rischio, lavorando insieme per ottimizzare la performance. L'impostazi
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Mansour Babasafary
4.38 (13)
Experts
Several experts in one expert With this expert, you can use several up-to-date strategies Enhanced with artificial intelligence Can be used in several popular forex currencies Can be used in the most popular forex time frames Without using high-risk strategies Attributes : Can be used in the EURUSD , GBPUSD , USDCHF , AUDUSD , USDCAD , NZDUSD  currency pairs Can be used in M30 , H1 , H4 , D1 time frames Has profit limit and loss limit Without using risky strategies like martingale or hedg
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Marzena Maria Szmit
4.83 (48)
Experts
We proudly present our cutting-edge robot, the  Big Forex Players EA  designed to maximize your trading potential, minimize emotional trading, and make smarter decisions powered by cutting-edge technology. The whole system in this EA took us many months to build, and then we spent a lot of time testing it. This unique EA includes three distinct strategies that can be used independently or in together. The robot receives the positions of the  biggest Banks  (positions are sent from our database t
Eternal Engine EA MT5
Wei Tu
5 (8)
Experts
Engine EA è un consulente esperto avanzato che utilizza diversi indicatori e strategie, fornendo ai professionisti uno strumento di negoziazione automatizzato completo. Offre numerose opportunità commerciali, non è sensibile agli spread e utilizza rigorosi punti di ingresso per avviare con precisione ogni operazione. La strategia si è dimostrata sul mercato reale, con un segnale in tempo reale di DDS basso per un anno. Sia che si tratti di un principiante o di un operatore commerciale esperto,
Dark Algo MT5
Marco Solito
5 (60)
Experts
Last copy at 399$ -> next price 499$ Dark Algo  is a fully automatic Expert Advisor for   Scalping   Trading on   Eurusd . This Expert Advisor is based on the latest generation of   algorithm  and is highly customizable to suit your trading needs. If you   Buy this Expert   Advisor you can   write a feedback   at market and   get   a second EA for   Free , for More info contact me The basic strategy of this EA is built on a sophisticated   algorithm  that allows it to   identify   and   follow m
FT Gold Robot MT5
Marzena Maria Szmit
4.47 (59)
Experts
Introducing the FT Gold Robot MT5, your ultimate companion in navigating the intricate world of XAUUSD trading. Developed with precision and powered by cutting-edge algorithms, FT Gold is a forex robot meticulously crafted to optimize your trading performance with XAUUSD pairs . With its advanced analytical capabilities, FT Gold Robot constantly monitors the gold market, identifying key trends, patterns, and price movements with lightning speed. The FT Gold Robot opens 5 positions every day (you
Fenghuang Rig EA
Sof'ia Vlasova
4.77 (13)
Experts
Fenghuang EA utilizes clustering principles in machine learning to analyze data, identifying groups of objects or events with similar features or relationships. It uncovers hidden patterns and categorizes objects by similarities, aiding in the discovery of causal relationships. The EA allows for in-depth data analysis, highlighting significant relationships without risky techniques like martingale, netting, or scalping, making it compatible with various brokerage environments. Read more about th
Scalper Deriv
Antonio Simon Del Vecchio
4.85 (13)
Experts
Presentiamo Scalper Deriv: Eleva la tua esperienza di scalping. Guida dettagliata su come ottimizzare Scalper Deriv qui . File di configurazione e altro   qui Sei tra i trader che trovano la loro passione nello scalping e desiderano massimizzare il loro capitale? Che tu abbia un saldo di $20, $200, $2000, $20000 o addirittura $200000 sul tuo conto, abbiamo la soluzione perfetta per te! Ti presentiamo Scalper Deriv , l'Expert Advisor (EA) progettato per migliorare la tua strategia di trading e
Oracle MT5
Stanislav Tomilov
5 (13)
Experts
Oracle Trading Expert the Quintessence of Modern Programming Technologies Expert Oracle for MetaTrader, trading on GBPUSD and Gold, represents the quintessence of modern programming technologies. Our unique proprietary methods and developments are based on advanced machine learning concepts, making our trading expert truly one-of-a-kind. We offer cutting-edge modules and neural architecture that embody innovative advancements in financial programming. Our algorithms rely on in-depth data analysi
Gold Excel MT5
Gregory Hay
4.84 (19)
Experts
benvenuto a       Versione GoldExcel EA MT5   , trading valido per la coppia di valute XAUUSD (GOLD) di oggi. È stato progettato dal nostro team per gestire account regolari, account sponsorizzati e attività. Non utilizzare il trading ad alta frequenza. See all products here:   https://www.mql5.com/en/users/fxmanagedforexltd/seller Il prezzo iniziale aumenta ogni poche settimane. JinZhuo       Questa è una strategia di trading giornaliero che utilizza solo coppie d'oro. Le coppie d'oro sono idea
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Multindicator Strategy
Erafazira Binti Mohammad
Experts
Multindicator Strategy EA by O'Dav Overview: The Multindicator Strategy EA by O'Dav is a sophisticated trading algorithm designed to automate your trading strategies using a combination of multiple technical indicators. Developed with Expert Advisor Studio, this EA is ideal for traders looking to implement advanced strategies with minimal manual intervention. Features: Multi-Indicator Strategy: Integrates various technical indicators like Average True Range (ATR), Alligator, Stochastic Signal, a
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