Author of the Idea: shevss
MQL5 Code Author: barabashkakvn
The Ravi AO EA utilizes the Awesome Oscillator (AO) and the Range Action Verification Index (RAVI) indicators. This expert advisor operates only when a new bar forms, managing a single position at a time. It’s versatile enough to function effectively with both hedging and netting accounts.
Position Open Signals:
- Buy: AO on bar #2 < 0.0 AND RAVI on bar #2 < 0.0 AND AO on bar #1 > 0.0 AND RAVI on bar #1 > 0.0
- Sell: AO on bar #2 > 0.0 AND RAVI on bar #2 > 0.0 AND AO on bar #1 < 0.0 AND RAVI on bar #1 < 0.0
Positions are opened with a volume equal to Lots. If you want to disable any parameters, such as stop loss (Stop Loss), take profit (Take Profit), or trailing stop (Trailing Stop), simply set the value to "0.0".
The remaining parameters are specific to RAVI.
Example Setup: EURUSD on M30:
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