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Published by:: Vladimir Karputov
Views:: 8227
Rating:: (19)
Published:: 2019.02.07 08:49

Three timeframes.mq5 (84.54 KB) view

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Idea by: Zaur

mq5 code by: barabashkakvn

The EA works with indicators on different timeframes:

iMACD (Moving Average Convergence/Divergence, MACD) - PERIOD_M5
iAlligator (Alligator) - PERIOD_H4
iRSI (Relative Strength Index, RSI) - PERIOD_H1

MACD gives a signal, RSI checks the overbought/oversold level, and Alligator checks the trend.

Position may only be opened, if there are no open positions and if the EA is within the allowed time interval. The time interval is managed by parameters "Use time control," "Start hour," and "End hour."

Three timeframes

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/23431

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Three timeframes - expert for MetaTrader 5