Idea by: Dmitriy Zaytsev
MQL5 code author: barabashkakvn
How Forex Fraus M1 Works
This Expert Advisor (EA) kicks into gear only when a new bar appears on the chart. It opens new positions based on specific criteria that align with market movements.
The size of the opened position is dictated by Lots. You have the flexibility to adjust your Stop Loss, Take Profit, and Trailing Stop settings by simply setting those parameters to "0.0" if you prefer to disable them.
Forex Fraus M1 analyzes the value of the iWPR (Williams' Percent Range, %R) at the most recent bar. It takes a sell position in overbought conditions and buys when the market is oversold. If you enable the time period control (by setting Use Timecontrol to true), you can specify your trading window from Start hour to End hour.
Additionally, when a signal triggers, you can close opposite positions by activating the Use close opposite positions option.
Designed for EURUSD on the M1 timeframe, this EA operates on a "Every tick based on real ticks" strategy.
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