Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2013.12.18 10:50
Experts

Exp_BlauCMomentum - expert for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

Views:
2636
Rating:
votes: 32
\MQL5\Indicators\\MQL5\Include\

A trading system that uses the Candle Momentum indicator.

A trade decision is made when the momentum changes direction or at the breakthrough of the zero line. The following input parameter is used for selecting an entry algorithm option:

input AlgMode Mode=twist;      //the algorithm to enter the market

For a correct operation of the EA, place the compiled indicator file BlauCMomentum.ex5 to the terminal_data_folder\MQL5\Indicators.

It should be considered that the TradeAlgorithms.mqh library file is designed to use Expert Advisors by brokers who offer nonzero spread and ability to set Stop Loss and Take Profit simultaneously opening a position. Other variants of this library can be downloaded from https://www.mql5.com/en/code/1578.

Default Expert Advisor's input parameters have been used during the tests shown below. Stop Loss and Take Profit have not been used during the tests.

Fig. 1. The instances of history of deals on the chart.

Fig. 1. The instances of history of deals on the chart.

Testing results for 2012-2013 at EURUSD H4:

Fig. 2. Chart of testing results

Fig. 2. Chart of testing results

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/1935

Exp_BlauCMI Exp_BlauCMI

A trading system that uses the Candle Momentum Index.

BlauDTI BlauDTI

William Blau's Directional Trend Index in the form of a colored histogram.

ColorBlauErgodicMACD ColorBlauErgodicMACD

Ergodic MACD-Oscillator implemented in the form of a color histogram.

MA_3HTF MA_3HTF

Three Moving Averages with three different timeframes on one chart.