Meet the Minds Behind OpenTicks
Let's give a shout-out to the brains behind this impressive tool! The idea comes from Maksim Zerkalov, while the coding wizardry is thanks to barabashkakvn. Together, they’ve created a fantastic Expert Advisor (EA) for MetaTrader 5.
How It Works
OpenTicks makes its moves when a new bar appears, analyzing the previous four bars to determine the best trading strategy. Here’s a quick look at how it assesses the market:
iHigh(3)>iHigh(4) && iOpen(1)>iOpen(2) &&
iOpen(2)>iOpen(3) && iOpen(3)>iOpen(4))
BuyOp=true;
if(iHigh(1)<iHigh(2) && iHigh(2)<iHigh(3) &&
iHigh(3)<iHigh(4) && iOpen(1)<iOpen(2) &&
iOpen(2)<iOpen(3) && iOpen(3)<iOpen(4))
SellOp=true;
Managing Open Positions
Once you have a position open, the EA leverages the "HalfLots" variable to check if it can partially close a profitable trade. Here’s how that looks:
If "HalfLots==true", the system knows it’s time to take some profits. Here’s the code snippet that does just that:
This clever mechanism helps you lock in profits while still leaving room for more gains. It’s all about making your trading experience smoother and more profitable.
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