Hey fellow traders! Today, I want to introduce you to an intriguing multi-currency trading system known as MultiCurrEA, designed specifically for MetaTrader 5. This system employs a loop where each iteration handles trading for different currency pairs individually.
To ensure that we aren't tied down by the tick movements of any single currency, the OnTimer function is utilized for smooth event generation.
For trading decisions, we rely on the ever-reliable Bollinger Bands. Here’s how it all works:
Trading Strategy Overview
- Buy Signal: When the Ask price hits the lower Bollinger Bands calculated from the low price.
Close Position: When the Bid price touches the lower Bollinger Bands based on the high price. - Sell Signal: When the Bid price reaches the upper Bollinger Bands calculated from the high price.
Close Position: When the Ask price touches the upper Bollinger Bands based on the low price. - Restrictions: Only one trade can be executed on any given bar.
The code I’m sharing here is just a starting point for building your own multi-currency Expert Advisor. Dive into the code to uncover all the nitty-gritty details of how it operates!
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