Name: VLT_TRADER
Rating: 3.923076923076923 (26 reviews)
Author: Vladimir Karputov

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Published by:

Vladimir Karputov

Views:

4106

Rating:

(26)

Published:

2017.08.10 10:58

Updated:

2018.06.26 13:11

VLT_TRADER.mq5 (18.84 KB) view

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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.

VLT_TRADER

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/18455

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