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Published by:: Vladimir Karputov
Views:: 5138
Rating:: (18)
Published:: 2018.09.27 15:41

Above Below MA.mq5 (34.51 KB) view

Download as ZIP, How to download code from MetaEditor

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Idea by: Scriptor

MQL5 code author: barabashkakvn

How it works

The Expert Advisor uses the iMA (Moving Average, MA) indicator. It compares the open price of bar #0 and the Moving Average values on bars #0 and #1. If there is already an open position in the direction of the new signal, this signal will be ignored. The Expert Advisor performs operation on every tick.

Signals

BUY opening signal: bar #0 Open price is below MA #0 AND the ASK price is below MA #0 AND MA #1 is below MA #0.
SELL opening signal: bar #0 Open price is above MA #0 AND the BID price is above than MA #0 AND MA #1 is above MA #0.

A position is closed when an opposite signal occurs, i.e. a SELL position will be closed upon the emergence of a BUY signal.

Above Below MA

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21733

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Above Below MA - expert for MetaTrader 5

How it works

Signals