OverHedgeV2 - expert for MetaTrader 5

The author of the idea - Scriptor.

mq5 code author - barabashkakvn.

Closing positions

This EA sets the level of the total profit of all positions (opened by the EA) in points - "Total Profit Target" parameter. At the same time, there is a limitation: not a single PROFITABLE position may have profit LESS than "Minimal Profit Target". Thus, the minimum profit threshold in points for positions is set. This approach gives a more qualitative profitability graph than the standard approach of closing the position by profit expressed in money.

Defining a trend

• Moving Average "Short" is ABOVE Moving Average "Long" on "Minimum distance between MA's to determine the trend" - upward trend
• Moving Average "Short" is BELOW Moving Average "Long" on "Minimum distance between MA's to determine the trend" - downward trend

Inputs

• Start Lots - initial lot
• Base (Lot=Start Lots * MathPow(Base,Number of open positions)) - basis for exponentiation, used to calculate position volume
• Shutdown Grid - forced closing of all positions and EA operation stop
• Tunnel width (in pips)
• Total Profit Target (in pips)
• Minimal Profit Target (in pips)
• MA Short: averaging period
• MA Long: averaging period
• Minimum distance between MA's to determine the trend (in pips) - minimum distance between indicators for defining a trend
• magic number - unique EA identifier

Test for EURUSD M5: