Join our fan page
iMA iStdDev - expert for MetaTrader 5
- Published by:
- Vladimir Karputov
- Views:
- 6238
- Rating:
- Published:
- 2019.02.07 08:49
- Need a robot or indicator based on this code? Order it on Freelance Go to Freelance
Idea by: Sergey Deev
mq5 code by: barabashkakvn
The EA trades on two indicators iMA (Moving Average) and one indicator iStdDev (Standard Deviation, StdDev). It does not involve Stop Loss, Take Profit, or Trailing Stop. Positions are closed as soon as the opposite signal is received.
A sample Sell deal. Conditions:
1) Fast iMA (MA Fast) is below the slow iMA (MA Normal);
2) The preceding candle is bearish and closed below the fast iMA (MA Fast); and
3) Indicator iStdDev moves upwards and exceeds the pre-defined level.
Positions may be opened in one direction without limitations. However, in case of receiving an opposite signal, those positions will be closed.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/23434
Indicator Three timeframes MFI with Average
BB_CloudIndicator Double-deviation Bollinger Band with cloud
Indicator ColorPEMA_Digit with the timeframe selection option in its input parameters
ColorPEMA_Digit_r_HTFIndicator ColorPEMA_Digit_r with the timeframe selection option in its input parameters, limiting the computer resources used in its calculations within the entire chart and on the current bar