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e-Skoch pending orders - expert for MetaTrader 5

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Published by:
Vladimir Karputov
Views:
484
Rating:
votes: 20
Published:
2017.11.03 12:38

The author of the idea: Skoch , the mq5 code author: barabashkakvn.

The EA executes trading operations at the opening of the bar, and does not work inside the bar (does not analyze ticks).

The "e-Skoch pending orders" Expert Advisor places stop orders based on the following rules:

  • Buy Stop: if the high of bar #2 on the D1 timeframe is higher than the high of bar #1 on the D1 timeframe and the high of bar #2 on the current timeframe is higher than the high of bar #1 on the current timeframe.
  • Sell Stop: if the low of bar #2 on the D1 timeframe is lower than the low of bar #1 on the D1 timeframe, and the low of bar #2 on the current timeframe is lower than the low of bar #1 on the current timeframe.


Input Parameters

  • Lots - lot size.
  • Take Profit for BUY (in pips) - the take profit level for pending buy orders.
  • Stop Loss for BUY (in pips) - the stop loss level for pending buy orders.
  • Take Profit for SELL (in pips) - the take profit level for pending sell orders.
  • Stop Loss for SELL (in pips) - the stop loss level for pending sell orders.
  • Indenting price from High (in pips) - distance from the high of the bar on the current timeframe.
  • Indenting price from Low (in pips) - distance from the low of the bar on the current timeframe.
  • true -> If there is a position, do not place a pending order - prohibits placing pending orders if there is an open position.
  • Percent equity - profit as percent of equity.
  • magic number - Expert Advisor's unique identifier.

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/19207

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