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Nova - expert for MetaTrader 5

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Published by:
Vladimir Karputov
Views:
6325
Rating:
(36)
Published:
2017.11.03 12:38
Updated:
2018.02.28 10:51
Nova.mq5 (31.58 KB) view
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The author of the idea: Vit, the mq5 code author: barabashkakvn.


Input Parameters

  • N-seconds ago - the number of seconds to record price movement.
  • Step (in pips) - step value.
  • Lots - position volume.
  • Stop Loss (in pips) - Stop Loss value.
  • Take Profit (in pips) - Take Profit value.
  • Coefficient, if the stop-loss is triggered - lot increase ratio after the stop loss.

The Expert Advisor analyzes the last 'N-seconds ago' seconds and compares with the current price.

The Expert Advisor monitors triggering of Stop Loss and Take Profit by using the excellent enumeration ENUM_DEAL_REASON:

Identifier Description
***
DEAL_REASON_SL The deal was executed as a result of Stop Loss activation
DEAL_REASON_TP The deal was executed as a result of Take Profit activation
***

If Stop Loss has triggered, the lot of the next position will be increased in accordance with the 'Coefficient, if the stop-loss is triggered' parameter.


Position Opening Rules

  • BUY - bar #1 must be bullish (Close > Open) and the current price must be higher than the price 'N-seconds ago' by 'Step'.
  • SELL - bar #1 must be bearish (Close < Open) and the current price must be lower than the price 'N-seconds ago' by 'Step'.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/19218

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