Idea by: Scriptor
MQL5 Code Author: barabashkakvn
Introducing the Russian20-hp1 Expert Advisor (EA), a powerful tool designed for MetaTrader 5. This EA leverages the trend indicator known as iMA (Moving Average) and the iMomentum oscillator to help you make informed trading decisions. You can configure it to work on every tick or only at the emergence of a new bar, giving you the flexibility you need to optimize your trading strategy.
The work timeframe parameter defines the timeframe for which the indicators are calculated and the closing prices of the bars that are utilized.
For both Buy and Sell positions, you have the option to set individual Stop Loss (Stop Loss Buy, Stop Loss Sell) and Take Profit (Take Profit Buy, Take Profit Sell) levels. If you wish to disable any of these features, simply set the corresponding parameter to "0.0".
Trading Signals
When there are no open positions, the EA checks for potential position opening signals:
- BUY Opening Signal: (Close of bar #0 > Moving Average on bar #0) AND (Momentum on bar #0 > 100.0) AND (Close of bar #0 > Close of bar #1)
- SELL Opening Signal: (Close of bar #0 < Moving Average on bar #0) AND (Momentum on bar #0 < 100.0) AND (Close of bar #0 < Close of bar #1)
Once positions are open, the EA evaluates whether to close them based on the following signals:
- Close BUY Signal: (Momentum on bar #0 < 100.0)
- Close SELL Signal: (Momentum on bar #0 > 100.0)
The default EA parameters are optimized based on the results of testing the strategy on EURUSD. Here are the tested results with the default settings:
Whether you're a seasoned trader or just starting out, the Russian20-hp1 EA can help you navigate the markets with confidence. Don’t miss out on the opportunity to enhance your trading performance!
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