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Contrarian trade MA - expert for MetaTrader 5

Scriptor | English Русский 中文 Español Deutsch 日本語

Published by:
Vladimir Karputov
Views:
384
Rating:
votes: 7
Published:
2018.11.20 12:54

The author of the idea - Scriptor

mq5 code author - barabashkakvn

The Expert Advisor uses iMA (Moving Average, MA) indicator and W1 timeframe. A timeframe can also be set separately via the MA and OHLC: timeframe parameter. The Number of bars among which search is Highest and Lowest interval searches for highs and lows. Position size (Lots) and stop loss (Stop Loss) are set as well.

The EA opens only one position at a time, therefore it is able to work both on hedging and netting accounts.

Trading signals

  • max - maximum found value of High prices
  • min - minimum found value of Low prices
  • rates[1].close - Close price on bar #1
  • rates[0].open - Open price on bar #1
  • ma[1] - Moving Average indicator value on bar #1

      if((max<rates[1].close) || (ma[1]>rates[0].open))
        {
         ***
         BUY
         ***
        }
      else if((min>rates[1].close) || (ma[1]<rates[0].open))
        {
         ***
         SELL
         ***
        }


Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/22914

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