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Published:

2012.12.19 11:19

Updated:

2016.11.22 07:32

\MQL5\Include\

tradealgorithms.mqh (67.73 KB) view

\MQL5\Indicators\

anchoredmomentum.mq5 (10.79 KB) view

exp_anchoredmomentum.mq5 (6.09 KB) view

Download as ZIP, How to download code from MetaEditor

Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

Trading system using the AnchoredMomentum indicator. A signal to perform a deal is formed at bar closing when there is breakthrough of high or low level indicator. Exit from the deal is performed either by a pending order, or by changing color of the indicator from pink to green or vice versa.

Place AnchoredMomentum.ex5 compiled file to the terminal_data_folder\MQL5\Indicators.

Default Expert Advisor's input parameters have been used during the tests shown below. Stop Loss and Take Profit have not been used during the tests.

Fig. 1. The instances of history of deals on the chart.

Fig. 1. The instances of history of deals in the chart.

Testing results for 2011 at AUDUSD H4:

Fig. 2. Chart of testing results

Fig. 2. Chart of testing results.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/1245

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