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Vladimir Karputov
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Author of the idea: Yuri.
MQL5 code author: Vladimir Karputov.
The trading system is based on volatility compression. An entry signal is generated when the market forms a smallest candlestick over a certain number of bars.
Entry Signal Generation Rules
- When a new candlestick emerges, "Count candles" bars are counted starting with the last one, and the lowest candlestick size (High - Low) is determined.
- If the first bar is the smallest one, the following orders are placed:
- a pending BuyStop order: Bar 1 High price + 10 points
- a pending SellStop order: Bar 1 Low price + 10 points
Before placing a pending BuyStop order, older BuyStop orders are deleted. The same is done for SellStop orders.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/18455
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