Idea by: Scriptor.
MQL5 code by: Vladimir Karputov.
Meet the Firebird v0.60, an Expert Advisor designed to work seamlessly with MetaTrader 5. This EA utilizes the iMA (Moving Average) indicator, introducing a unique parameter called Distance between "MA" and the price. This setting allows you to determine how far the price should be from the indicator before any trades are triggered. Plus, the Firebird ensures that it only opens new positions after a specific time has passed since the last trade—if it’s been less than two periods on your chosen timeframe, no new positions will be initiated.
Inputs
- Lots - Defines the size of the position you wish to open.
- Stop Loss (in pips) (do not use "0") - Your stop loss setting; remember, setting this to "0" is not allowed.
- Take Profit (in pips) (do not use "0") - Your take profit level; again, "0" is not a valid entry.
- MA: Averaging Period - The duration for which the indicator averages data.
- MA: Horizontal Shift - Adjusts the positioning of the indicator horizontally.
- MA: Smoothing Type - Choose the method for smoothing the indicator's average.
- MA: Type of Price - Specify the price type the indicator will use.
- Distance between "MA" and the Price (as a percentage) - Set the distance from the price in percentages.
- Trade on Friday - Option to enable or disable trading on Fridays.
- Step: Distance between Positions (in pips) - The pip distance between open positions.
- Increase in a Step Depending on Quantity of Positions - Adjust the step size based on how many positions are open.
- Magic Number - A unique identifier for your EA.
Here’s a sample test for all symbols on H1 using the default parameters:
Comments 0