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You liked the script? Try it in the MetaTrader 5 terminal
20 Pips Opposite Last N Hour Trend - expert for MetaTrader 5
- Published by:
- Vladimir Karputov
- Views:
- 4525
- Rating:
- Published:
- 2018.01.22 09:55
- Updated:
- 2018.02.28 14:37
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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 Ltd.
Original code: https://www.mql5.com/ru/code/19500
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