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Published by:: Vladimir Karputov
Views:: 5618
Rating:: (25)
Published:: 2019.01.02 14:39

EMA LWMA RSI.mq5 (57.63 KB) view

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Author of the idea - Vladimir Khlystov

mq5 code author - barabashkakvn

The Expert Advisor uses two iMA (Moving Average, MA) indicators and one iRSI (Relative Strength Index, RSI). One of the iMAs uses the MODE_EMA averaging method, the second one uses MODE_LWMA (the averaging method cannot be changed, because the idea of the trading system is exactly in using such methods).

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

BUY open signal serves as a SELL close signal and vice versa: Sell open signal serves as a BUY close one.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/23239

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