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Autotrader Momentum - expert for MetaTrader 5

Published by:
Vladimir Karputov
2018.10.25 18:03

The author of the idea - Collector

mq5 code author - barabashkakvn

The EA works on netting and hedging accounts. Trading signals are checked only when a new bar appears, while trailing works constantly. When opening a position, a stop loss (Stop Loss) and take profit (Take Profit) are placed immediately.

To disable stop loss, take profit or trailing, simply set Stop LossTake Profit or Trailing Stop to "0.0".

Position opening signals - comparing Close price on the current bar #Current bar with the one on the compared bar #Comparable bar:

  • BUY open signal: Close #Current bar > Close #Comparable bar
  • SELL open signal: Close #Current bar < Close #Comparable bar

BUY open signal is also SELL close one, while SELL open signal also serves as BUY close one. A previous position is closed first, and a new one is opened afterwards.

Translated from Russian by MetaQuotes Ltd.
Original code:

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