Author of the Idea: Scriptor
MQL5 Code Author: barabashkakvn
Meet Gordago EA, a powerful trading robot designed for MetaTrader 5, utilizing the iMACD (Moving Average Convergence Divergence) and iStochastic (Stochastic Oscillator) indicators. This expert advisor only engages when a new bar appears, while trailing operates on every tick to keep your trades optimally managed.
Key Features of Gordago EA:
- Set your preferred working timeframe (Work Timeframe) to determine when new bars emerge.
- Customize the MACD indicator timeframe (MACD: Timeframe).
- Adjust the Stochastic indicator timeframe (Stochastic: Timeframe).
- Define different stop loss and take profit levels for both BUY and SELL positions.
When generating trading signals, the Stochastic indicator is checked against specific levels:
- For a BUY signal, the Stochastic value on the current bar (#0) must be less than the Stochastic Level BUY.
- For a SELL signal, the Stochastic value on the current bar (#0) must exceed the Stochastic Level SELL.
Here’s how the trading signals are calculated:
BUY Signal Equation:
(MACD #0 > MACD #1) AND (MACD #1 < 0.0) AND (Stochastic #0 < Stochastic Level BUY) AND (Stochastic #0 > Stochastic #1)
SELL Signal Equation:
(MACD #0 < MACD #1) AND (MACD #1 > 0.0) AND (Stochastic #0 > Stochastic Level SELL) AND (Stochastic #0 < Stochastic #1)
Optimized Parameters:
For quicker optimization, you can use the OHLC mode, but remember to run tests in "Every tick" or "Every tick based on real ticks" mode afterwards to ensure accuracy.
After optimizing for USDJPY, the following parameters are set as defaults in the EA:
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