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gazonkos - expert for MetaTrader 5

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Published by:
Vladimir Karputov
Views:
549
Rating:
votes: 14
Published:
2017.03.02 09:50
gazonkos.mq5 (23.02 KB)view

Author of the idea — Pavel Smirnovauthor of the MQL5 code — barabashkakvn

The automated trading system Gazonokosilka (in Russian means "Lawnmower") can provide often little profits. Stop Loss and Take Profit parameters are set to tight values so that trades could be closed in case of small price movements. But the EA should not be scalping, the optimum scenario is one-two trades per day.

Trading rules of the system:
1. Enter at the roll back of the price movement
2. Exit at Stop Loss or Take Profit

Therefore we first need to determine the price action or momentum (a variety of options is available). Then wait for the rollback (various options) and enter the market.

The EA is designed to test on EUR/USD H1 and allows experimenting with the underlying trading system. The EA analyzes price movement inside the bar, therefore testing should be performed in the "Every tick based on real ticks" mode. It is very important.

The code is well commented and structured, so even a beginner can understand it.

Expert Advisor's input parameters (external variables):

magic — the magic number allowing the EA to work with its own positions.
TakeProfit — take profit level in points. It is set for all positions during opening.
Otkat — pullback value in points. When the price rolls back by this amount, the EA switches to the trade opening state.
StopLoss — stop loss level in points. Set during position opening similar to TakeProfit.
t1 — the number of the bar used to determine price movement.
t2 — the number of the bar used to determine price movement.
delta — the value used to determine the momentum.
lot — Position size.
active_trades — the maximum number of open trades at a time.

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/17231

SendClose SendClose

The Expert Advisor opens or closes positions at the intersection of lines.

Forex Profit Forex Profit

The Expert Advisor uses Parabolic SAR and three EMAs (with the periods of 10, 25 and 50).

Altarius RSI Stohastic Altarius RSI Stohastic

Uses two iStochastic (Stochastic Oscillator) indicators and one iRSI (RSI, Relative Strength Index). Calculates the lot size based on the analysis of closed trades.

2MA_4Level 2MA_4Level

The Expert Advisor uses the values of two iMA (Moving Average, MA) indicators.