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ADX MACD Deev - expert for MetaTrader 5

work2it | English Русский Español

Published by:
Vladimir Karputov
Views:
379
Rating:
votes: 12
Published:
2019.02.07 09:06

Idea by: Dmitry

mq5 code by: barabashkakvn

An EA based on technical indicators:

  • iADX (Average Directional Movement Index, ADX) for the movement strength direction.
  • iMACD (Moving Average Convergence/Divergence, MACD) for identifying the movement direction;

Transactions are made when the basic and signal MACD lines move upwards (for buying) and downwards (for selling). In this case, the indicators must be in the same direction at a certain number of bars: For ADX, it is ADX: bars interval; for MACD, it is MACD: bars interval.

In both cases, the main ADX line must move upwards and be above the value of 20 (ADX: minimum).

Closing a half of the position lot size (Take half the profit) and trailing have been realized.

Please note parameter Take half the profit. If you set Take half the profit for true, then the Take Profit of the position will not be placed (if even Take Profit is set for above zero). Instead, Take Profit will work as a step to take a half of the profit. The picture below demonstrates well how Take half the profit works:

ADX MACD Deev

Taking a half of the profit works only once. Then the position will be closed by triggering the Stop Loss.

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/23595

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