Mastering OHLC Stochastic: Your Go-To EA for MetaTrader 5

Mike 2018.10.26 03:25 32 0 0
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Created by: Ilnaz

Coded by: barabashkakvn

This Expert Advisor (EA) operates on every tick within a bar, allowing for precise trading decisions. It only opens one position at a time, making it versatile enough to work on both hedging and netting accounts. Plus, it features a trailing mechanism that ensures your position is moved to a guaranteed breakeven during the first modification.


Trading Signals

Here's how to interpret the signals:

SELL Signal: If you have an open BUY position, the EA will close the BUY and open a SELL simultaneously.

  • The main Stochastic line on bar #0 (value: 87.44) is below the Stochastic signal line on bar #0 (value: 91.78).
  • At least one of the Stochastic lines is above the STO level UP (value: 80.00).

OHLC Stochastic signal open sell

For a BUY signal, just flip the criteria for SELL.


Example: EUR/USD on H12

Here's how it looks when you use the EA in the "Every tick based on real ticks" mode:

OHLC Stochastic test

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