MA7 Agave C3 MT5

Description of work

The MA7 Agave C3 expert advisor is based on the MA7 Agave indicator. When a signal from the built-in indicator appears, the expert advisor opens a position, sets the takeprofit and the level for opening an averaging position. When the grid is fully opened, the expert advisor sets a stoploss. Only one grid can be opened in the market.

Detailed information about the MA7 Agave indicator.

Features of work

Designed to work on hedge accounts;

Recovers your data in case of a sudden power outage;

Stoploss and takeprofit are not installed on the server; the expert advisor itself closes positions when these levels are reached.

Note: before running the expert advisor, the settings need to be optimized for a specific financial instrument and timeframe.

Detailed information about the expert advisor settings can be found in the article "Expert advisors of class C3".

Expert advisor settings

General settings:

Timeframe – timeframe from which signals come;

Magic – designed to identify your positions.

Money management settings:

Position volume – position volume, lots.

Position opening settings:

MA7 Agave settings – settings of the MA7 Agave indicator:

Period – Average Directional Movement Index indicator period.

MA7 Flax settings – settings of the MA7 Flax indicator:

Period – Average True Range indicator period;

Method – Average True Range indicator value multiplier;

Apply to – price type;

Remove subsequent arrows – removes subsequent arrows in one direction.

Position closing settings:

StopLoss – distance to loss limitation, points;

TakeProfit – distance to profit taking, points;

Grid settings – grid settings:

Positions total – number of open positions in the grid;

Distance between positions – distance between the positions in the grid, points.

Display settings:

StopLoss color;

StopLoss line style;

StopLoss line width;

TakeProfit color;

TakeProfit line style;

TakeProfit line width;

Position price color;

Position price line style;

Position price line width.