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Experts

BIG DOG - expert for MetaTrader 5

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Published by:
Vladimir Karputov
Views:
843
Rating:
votes: 14
Published:
2017.03.02 09:54
BIG_DOG.mq5 (22 KB)view

The EA places pending stop orders BUY_STOP and SELL_STOP.

Recommended timeframe — M15. 

Author of the idea — Yuriauthor of the MQL5 code — barabashkakvn.   

Trading rules:

  • Find the maximum price value in the interval between 14 and 16 hours terminal time and place a pending Buy stop order at this level. Find the minimum price value in the interval between 14 and 16 hours terminal time and place a pending Sell stop order at this level.
  • The distance between the maximum and minimum should be no more than 50 points, otherwise the orders should not be placed.
  • Take Profit is 30 points. 
  • Stop Loss is set at the price level of the opposite trade. Untriggered orders are deleted at the end of the day.


 

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/17250

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