The EA works without the use of indicators. Uses only the price values of the current and previous bars for operation.
The idea of the EA lies in the searching of pivot points. It enters using market orders at trend reversal attempt.
Each order is protected with a take profit and stop loss (set in settings). When the stop loss is set to zero — stop loss is calculated automatically by the EA, depending on the current price and the pivot point (stop is moved beyond the level).
It is possible to use trailing stop with a specified step or transfer of the position to breakeven. There are several options for closing positions on condition (enabled in the parameters).
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/14481
The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.Average Directional Movement Index (ADX)
The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.