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Three indicators - expert for MetaTrader 5

Reshetov | English Русский 中文 Español Deutsch 日本語 Português

Published by:
Vladimir Karputov
votes: 18
2018.12.18 19:13

Author of the idea - Yury Reshetov

mq5 code author - barabashkakvn

The Expert Advisor works both on netting and hedging accounts. The EA works at the moment of forming a new bar only, and allows holding only one position in the market. It compares Open prices and values of three indicators: iMACD (Moving Average Convergence/Divergence, MACD), iStochastic (Stochastic Oscillator) and iRSI (Relative Strength Index, RSI).

When searching for parameters, users can run optimization in the "1 minute OHLC" tick generation mode.

For more convenient search, the working timeframe has been added to inputs (Work timeframe). This is the timeframe indicators are built on and the EA receives Open prices from. Therefore, the EA is recommended for the M1 timeframe.

Translated from Russian by MetaQuotes Software Corp.
Original code:

JMACandleTrend JMACandleTrend

Semaphore signal indicator triggering when the JMACandle candles change their direction.

JMACandleTrend_Signal JMACandleTrend_Signal

JMACandleTrend_Signal indicator shows information on the current trend using the values of the JMACandleTrend indicator with a fixed timeframe

SL_Breakeven SL_Breakeven

The function for moving an open position to a breakeven.

JMACandle_Chl_HTF JMACandle_Chl_HTF

JMACandle_Chl indicator with the timeframe selection option available in input parameters