⭐⭐⭐⭐⭐ AW Envelopes EA ⭐⭐⭐⭐⭐
Fully automated trading robot. The advisor works by strategy the breakout of dynamic support and resistance levels, the well-known Envelopes indicator is used to determine the signals. In addition, the EA implements the possibility of averaging, the function of closing the first and last basket orders, and the function of automatic lot calculation, three types of notifications.
MT4 version -> https://www.mql5.com/en/market/product/69508
MT5 version -> https://www.mql5.com/en/market/product/69509
Advantages:
✅ Can be used on any instrument and timeframe
✅ Configurable parameters of the built-in indicator
✅ Easy setup and intuitive panel interface
✅ Built-in automatic lot calculation
✅ Built-in system for closing the first and last basket orders
✅ Three types of notifications: push, email, alert
Strategy and signals:
The indicator lines form a channel in which the price fluctuates, and the moving average shows the main direction of movement. The upper line serves as resistance and the lower line is support.
Using the indicator, you can assess the direction of the trend. The direction is determined by the slope of the average, that is, if the slope is up, then it is an uptrend, if the slope is downtrend, it is a downtrend. If the middle line is a horizontal line, then the market is flat.
A buy signal is when the middle line changes the slope (the price will be below this line in a downtrend and higher in an uptrend). The trade is executed in the direction of the slope of the line at the opening of the next candle.
Fully automated trading robot. The advisor works by strategy the breakout of dynamic support and resistance levels, the well-known Envelopes indicator is used to determine the signals. In addition, the EA implements the possibility of averaging, the function of closing the first and last basket orders, and the function of automatic lot calculation, three types of notifications.
MT4 version -> https://www.mql5.com/en/market/product/69508
MT5 version -> https://www.mql5.com/en/market/product/69509
Advantages:
✅ Can be used on any instrument and timeframe
✅ Configurable parameters of the built-in indicator
✅ Easy setup and intuitive panel interface
✅ Built-in automatic lot calculation
✅ Built-in system for closing the first and last basket orders
✅ Three types of notifications: push, email, alert
Strategy and signals:
The indicator lines form a channel in which the price fluctuates, and the moving average shows the main direction of movement. The upper line serves as resistance and the lower line is support.
Using the indicator, you can assess the direction of the trend. The direction is determined by the slope of the average, that is, if the slope is up, then it is an uptrend, if the slope is downtrend, it is a downtrend. If the middle line is a horizontal line, then the market is flat.
A buy signal is when the middle line changes the slope (the price will be below this line in a downtrend and higher in an uptrend). The trade is executed in the direction of the slope of the line at the opening of the next candle.
Hugo Feruglio
2022.11.05
Very nice!
