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2011.08.03 15:53

EMAplusWPR_V2 - expert for MetaTrader 4

votes: 5

Expert advisor that trade in the trend of EMA and buy/sell signals get from Williams %R

I have tried to create an Expert advisor that could by traded with 1000 EUR starting equity and to minimize the drawdown. Hope you like it. I appreciate every feedback.

Optimized for EURUSD 5 min

I have removed some bugs, removed position sizing, add some inputs.

You use it on your own risk. I am not responsible for your loss, you have to change, test and optimize it for your purpose.

have not optimized it

old versions:


extern string    separator1 = "------trend settings------";
extern bool      useEMAtrend = true;               // trade in EMA trend
extern int       barsInTrend = 1;                  // how many bars should be in trend
extern double    EMAtrend = 144;                   // EMA period for trend

extern string    separator2 = "------WPR settings------";
extern double    iWPRPeriod = 46;                  // WPR period for enter and exit
extern double    iWPRRetracement = 30;             // minimal retracement for WPR to allow another trade
extern bool      useWPRExit = true;                // use exit with WPR indicator

extern string    separator3 = "------position settings------";
extern double    lots = 0.1;                       // fixed lot size
extern int       maxTrades = 2;                    // max trades allowed for pyramiding
extern double    stop_loss = 50;                   // stop loss
extern double    take_profit = 200;                // take profit
extern bool      useTrailingStop = false;          // use trailing stop
extern double    trailing_stop = 10;               // trail stop loss
extern bool      useUnprofitExit = false;          // exit trade when trade was not in profit in defined amount of bars
extern int       maxUnprofitBars = 5;              // amount of bars not in profit