MARE5.1: Your Go-To EA for MetaTrader 5

Concept by Collector, coded by barabashkakvn.

The MARE5.1 Expert Advisor is incredibly user-friendly. It utilizes two Simple Moving Averages (SMA) based on the closing prices of the 0th, 2nd, and 5th bars. This EA is optimized for the M1 timeframe, making it ideal for scalpers.

Input Parameters:

Lots: Volume of the entry position
TakeProfit: The level at which profits will be taken
StopLoss: The level at which losses will be capped
MAFastPeriod: The averaging period for the first Moving Average
MASlowPeriod: The averaging period for the second Moving Average
MovingShift: Shift for the Moving Averages (applies to both)
HourTimeOpen and HourTimeClose: The hours during which position opening is allowed

The OnInit() block ensures that the time settings are valid:

   if((HourTimeOpen<0 || HourTimeClose<0) || (HourTimeOpen>23 || HourTimeClose>23))
     {
      return(INIT_PARAMETERS_INCORRECT);
     }
   if(HourTimeOpen==HourTimeClose)
     {
      return(INIT_PARAMETERS_INCORRECT);
     }
   if(HourTimeOpen>HourTimeClose)
     {
      return(INIT_PARAMETERS_INCORRECT);
     }

This means that the hour values cannot be less than "0" or greater than "23", and overlapping hours are not permitted.

MARE5.1 tester