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20 Pips Opposite Last N Hour Trend - expert for MetaTrader 5

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Published by:
Vladimir Karputov
Views:
588
Rating:
votes: 15
Published:
2018.01.22 09:55

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

Trading against the trend direction as of N hours ago. Only one position a day can be opened at a certain hour.


Input Parameters

  • Max positions - the maximum number of positions (values below 2 are not recommended);
  • Lots (if "Lots"<=0.0 -> use "Risk") - position volume (if the value is set to 0 or less than 0, the position volume will be calculated as risk percent of free margin);
  • Take Profit
  • Risk in percent for a deal from a free margin - risk per trade as percentage of free margin.
  • Lot maximum - limit on the maximum lot size;
  • Hour when position should be opened - specify the hour for opening a position;
  • Hours to check price difference to see a "trend" - the number of hours ago to check the trend direction;
  • Lot multiplier, if one position is unprofitable - lot increase ratio after one losing trade;
  • Lot multiplier, if two positions are unprofitable - lot increase ratio after two losing trades in a row;
  • Lot multiplier, if three positions are unprofitable - lot increase ratio after three losing trades in a row;
  • Lot multiplier, if four positions are unprofitable - lot increase ratio after four losing trades in a row;
  • Lot multiplier, if five positions are unprofitable - lot increase ratio after five losing trades in a row.

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/19500

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