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Experts

Modified Moving Averages - expert for MetaTrader 5

Published by:
Vladimir Karputov
Views:
3527
Rating:
(10)
Published:
2018.06.18 12:36
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Idea by: Gatis.

MQL5 code by: Vladimir Karputov.

A modified EA from the standard delivery: MQL5\Experts\Examples\Moving Average\Moving Average

Parameters "StopLoss" and "TakeProfit" are added. Moreover, if you set parameter "Lots" with a minus, it means that the lot size will never change. For instance, the value of "-0.1" means that the lot of "0.1" will always be the same for all positions.


Input parameters

  • Lots - lot size; if parameter "Lots" is set with a minus, the lot size will always be the same;
  • Maximum Risk in percentage - maximum risk;
  • Decrease factor - decrease factor;
  • Moving Average period - period of indicator Moving Average;
  • Moving Average shift - horizontal shift of indicator Moving Average;
  • StopLoss - Stop Loss;
  • TakeProfit - Take Profit.

If you set Stop Loss or Take Profit to zero, it means that the parameter is disabled.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20847

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