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

Experts

Exp_AdaptiveRenko_Duplex - expert for MetaTrader 5

Nikolay Kositsin | English Русский 中文 Español Deutsch 日本語 Português

Views:
887
Rating:
votes: 12
Published:
2018.12.18 19:16
\MQL5\Include\\MQL5\Indicators\

Two identical trading systems (for long and short positions) based on the signals of the AdaptiveRenko indicator, which can be configured in different ways within one Expert Advisor. For this purpose, all input parameters can be divided into two large groups:

  1. Those having names starting with L are input parameters to manage long positions;
  2. Those starting with S are input parameters to manage short positions.
//+----------------------------------------------+
//| EA inputs for long operations                |
//+----------------------------------------------+
input uint    L_Magic=777;          //L magic number
input double  L_MM=0.1;             //L share of a deposit in a deal
input MarginMode L_MMMode=LOT;      //L lot size calculation method
//+----------------------------------------------+
//| EA inputs for short operations               |
//+----------------------------------------------+
input uint    S_Magic=555;          //S magic number
input double  S_MM=0.1;             //S share of a deposit in a deal
input MarginMode S_MMMode=LOT;      //S lot size calculation method

These two trading systems use different magic number and are absolutely independent of each other. Real financial markets are rarely symmetric. Absolutely different parameters of the same trading system are often needed for trading in the rising and falling market. To properly configure the EA, you should first test only one trading system, having disabled the second one using relevant switches.

input bool    L_PosOpen=true;       //L Permission to enter long positions
input bool    L_PosClose=true;      //L Permission to exit long positions

Upon that, perform the same for the second system.

For the EA to operate, the compiled AdaptiveRenko.ex5 indicator file should be in the <terminal_data_directory>\MQL5\Indicators.

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


Fig. 1. Examples of deals on the chart with symmetrical settings

Fig. 1. Examples of deals on the chart with symmetrical settings

Testing results for USDJPY H4 over the year 2017:

Fig. 2. Testing results chart

Fig. 2. Testing results chart



Fig. 3. Examples of deals on the chart with non-symmetrical settings

Fig. 3. Examples of deals on the chart with non-symmetrical settings

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/22499

AdaptiveRenko_Cld AdaptiveRenko_Cld

AdaptiveRenko indicator with the channel background filling and additional display of the NRTR line using colored icons allowing users to visually track trend signals present on a single bar

DSS DSS

Double Smoothed Stochastic indicator

Coral Coral

Coral indicator

APTR_MA APTR_MA

Average Percentage True Range indicator with MA adjustments