Name: Elli
Rating: 4.3125 (32 reviews)
Author: Vladimir Karputov

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Published by:

Vladimir Karputov

Views:

6966

Rating:

(32)

Published:

2017.03.22 16:25

Updated:

2018.02.22 15:07

Elli.mq5 (33.74 KB) view

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Author of idea — Iurii Tokman, author of the MQL5 code — barabashkakvn.

The Expert Advisor is based on the ADX Wilder and Ichimoku Kinko Hyo indicators. Lot is calculated based on risk percentage of margin.

Regarding the choice of the timeframe:

The ADX indicator is provided with a separate setting "adx_timeframe". Its default value is PEROID_M1.

The Ichimoku indicator does not have timeframe settings — the PERIOD_H1 timeframe is hard coded for it.

Also, in the trend direction detecting module, the bar Close price of the PERIOD_H1 timeframe is used:

   double sb = iIchimokuGet(CHIKOUSPAN_LINE,0);
   double close=iClose(0,m_symbol.Name(),PERIOD_H1);
   double cf=MathAbs(ts-ks)/m_symbol.Point();

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/17762

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Elli - expert for MetaTrader 5