So post a link to it -
let others appraise it
Universal_Investor - expert for MetaTrader 5
- votes: 17
- 2012.11.20 11:32
- 2016.11.22 07:32
This Expert Advisor is rewritten from MQL4 and was originally published here https://www.mql5.com/en/code/8079 by its author Olek.
How It Works
The operation of the Expert Advisor is based on exponential (EMA) and linear weighted (LWMA) moving averages. A buy position opens when EMA is above LWMA, while both MA's are going upward. A sell position opens when EMA is below LWMA, while both MA's are going downward.
When EMA gets lower than LWMA, a buy position is closed. When EMA gets higher than LWMA, a sell position is closed.
The lot size for positions to be opened can be fixed or proportional to free margin. There is an additional function to reduce the lot size at losses - the more consecutive losing trades, the smaller the lot size.
The image below shows the performance of the Expert Advisor in the strategy tester's visual mode.
- MovingPeriod - Smoothing period.
- MaximumRisk - Risk (it is used if Lots=0).
- Lots - Lot.
- DecreaseFactor - Lot reduction factor after losing trades. 0 - reduction disabled. The smaller the value, the greater the reduction. Where it is impossible to reduce the lot size, the minimum lot position is opened.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/1076
The Expert Advisor operating based on the SAR and ADX indicators where the permitted trade direction is selected based on trade results.iClose_HTF
The iClose_HTF indicator plots a zigzag based on closing prices of a time frame specified in the input parameters.
The Expert Advisor based on three moving averages and exit using Stop Loss or Take Profit. It sets up a market entry upon the conclusion of a trend on the trend reversal.Trade_Time
This indicator draws a period of operation that specifies trade start time and trade stop time.