Author of the idea: Sergey, with MQL5 code by: barabashkakvn.
The 20PRExp-3 Expert Advisor takes a unique approach by leveraging intraday volatility breakthroughs. This system also incorporates volume filters alongside the Parabolic SAR indicator to enhance its performance. Plus, it features a trailing stop exit strategy that can help lock in profits as the market moves in your favor.
Recommended timeframe: M5.
What sets the 20PRExp-3 EA apart is its ability to draw and adjust horizontal lines at critical levels:
- MLP — positioned at the High price of the bar on the PERIOD_D1 timeframe.
- MLM — located at the Low price of the bar on the PERIOD_D1 timeframe.
- MidL — calculated as the average price of MLP and MLM (i.e., (MLP + MLM) / 2).
In terms of performance, we’ve tested the 20PRExp-3 EA on EURUSD, M5 from June 1, 2016, to March 14, 2017:
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