The e-TurboFx Expert Advisor has been expertly rewritten from MQL4 by RickD. You can check out the original source here.
How It Works
This EA is designed to capitalize on rollbacks following strong market movements. When we notice a series of N bars trending in one direction with an increasing body size, the EA will open a position in the opposite direction.
The screenshot below shows the Expert Advisor in action during a visual test in the strategy tester.
Parameters
- N - The number of bars trending in one direction with increasing body size.
- Lots - The lot size; if set to 0, the MaxrR parameter will be utilized.
- StopLoss - The Stop Loss value in points; set to 0 for no Stop Loss.
- TakeProfit - The Take Profit value in points; set to 0 for no Take Profit.
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