Join our fan page
Exp_3RVI - expert for MetaTrader 5
- Views:
- 2542
- Rating:
- Published:
- 2017.01.19 16:54
- Need a robot or indicator based on this code? Order it on Freelance Go to Freelance
Real author: Rafael Maia de Amorim
The trading system based on the three RVI oscillator signals from three different timeframes. The two oscillators are used to define a trend direction by the oscillator location relative to a signal line. The third one is used to detect a crossing of the indicator and the signal line. The signal is formed when a bar is closing if there is a crossing of a lower-timeframe oscillator with medium- and higher-timeframe ones by trend.
Note that the TradeAlgorithms.mqh library file allows using Expert Advisors with brokers who offer nonzero spread and the option of setting Stop Loss and Take Profit together with position opening. You can download more variants of the library at the following link: Trade Algorithms.
Default Expert Advisor's input parameters have been used during tests shown below. Stop Loss and Take Profit have not been used during the tests.
Fig. 1. Examples of trades on the chart
Testing results for 2015 at EURUSD M30, M15, M5:
Fig. 2. Testing results chart
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/16733
The trading system based on the three Stochastics signals from three different timeframes.
Opening and Сlosing on timeOpen and close at a certain time. A trade having a specified volume is opened at a specified symbol. Select position type: Buy or Sell.
Ehlers Center of Gravity indicator in the form of candles.
RobotPowerM5 meta4V12Analyzing iBullsPower and iBearsPower indicators on the first bar.