Meet Eugene, an exceptional Expert Advisor (EA) designed for MetaTrader 5, originally crafted from MQL4 by the talented Builder. You can check out the source code here.
How It Works
Eugene operates on a straightforward principle: a buy signal triggers when the high of the previous bar exceeds the low of the current bar, alongside a few additional checks that consider prices and timing. The analysis involves the last four bars, and the same logic applies in reverse for sell signals.
The EA analyzes both completed and forming bars, which means testing is best conducted in every tick mode for accurate results.
Fig. 1. Performance in the strategy tester's visual mode.
Fig. 2. Testing results for EURUSD H4 from last month (09.2012).
Parameters
- Lots: The trading lot size; when set to 0, the MaxrR parameter is utilized.
- StopLoss: Stop Loss in points; use 0 for no Stop Loss.
- TakeProfit: Take Profit in points; set to 0 for no Take Profit.
- InvertSignals: Toggles the order of trading signals.
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