MQL5 - Language of trade strategies built-in the MetaTrader 5 client terminal

Source code library - Expert Advisors, Indicators and Scripts

Hundreds of Forex Robots from MetaTrader Market at Your Service
To post a new code, please log in or register

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2011.08.01 08:10
MMR

MMR - indicator for MetaTrader 4

| English Spanish Portuguese

Views:
16221
Rating:
votes: 2
Files:
MMR.mq4 (1.67 KB)view

Description:

Combines a strategy based on MA crossover with RSI and MACD confirmation by cmillion.

Pretty simple: Enter when red or green bar appears and Exit when main line crosses zero line.

Happy pipping :)


Last comments | Go to discussion (5)
MQL4 Comments
mql4_comments | 7 Aug 2011 at 20:29
10
MQL4 Comments
mql4_comments | 16 Aug 2011 at 03:09

will it work on lower than H1 time frame?

looks good anyway.

tq

M.G.
downspin | 16 Aug 2011 at 10:01
Should work on lower TF. Think cmillion recommended M15 for this strategy so maybe thats the best.
MQL4 Comments
mql4_comments | 17 Aug 2011 at 14:58
downspin:
Should work on lower TF. Think cmillion recommended M15 for this strategy so maybe thats the best.


ok thanks for replying.

hm.. after testing it for a while, waiting red / green for an entry signal would be a bit late.

are doing good with the original rule?

M.G.
downspin | 17 Aug 2011 at 17:12
I mostly trade M5 so signal bar appears a little bit earlier there. Of course you could enter earlier i.e. on crossing the zero line but when there is a signal bar, trend should be strong enough for a certain entry. I just dont wait for crossing zero line for exit. If I'm lucky it shows a divergence so I can exit on a top or bottom.