Maximize Your Trading with Elli: An Expert Advisor for MetaTrader 5

Author of the Idea: Iurii Tokman, Author of the MQL5 Code: barabashkakvn.

If you're looking to enhance your trading strategy, you might want to check out Elli, an Expert Advisor that leverages the power of the ADX Wilder and Ichimoku Kinko Hyo indicators. One of the nifty features of this EA is how it calculates lot sizes based on your risk percentage of the margin, making it a handy tool for traders at all levels.

When it comes to selecting the right timeframe, keep in mind:

• The ADX indicator offers a specific setting called adx_timeframe, with its default set to PERIOD_M1.
• For the Ichimoku indicator, things are a bit simpler as it uses a hardcoded timeframe of PERIOD_H1 without any adjustable settings.
• Additionally, in the trend direction detection module, the closing price from the PERIOD_H1 timeframe is utilized:

   double sb = iIchimokuGet(CHIKOUSPAN_LINE,0);
   double close=iClose(0,m_symbol.Name(),PERIOD_H1);
   double cf=MathAbs(ts-ks)/m_symbol.Point();

With these settings, you can optimize your trading strategy for better results. Give Elli a try and see how it can work for you!