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Currency Strength - expert for MetaTrader 4

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Published by:
Aharon Tzadik
Views:
16548
Rating:
votes: 30
Published:
2020.07.27 23:38
Updated:
2021.03.24 18:21

"Currency Strength" EA finds the strongest\weakest currency from 8 major currencies and trades with moving averages, has Trailing Stop Loss &Take Profit works on all time frames major Forex pairs.

-Version 1 calculates 1 candle back

-Version 2 calculates several candles back, like ROC indicator :https://www.mql5.com/en/code/46

-Version 3 calculates strength with "RSI" indicator.

-Version 4 calculates strength with "Moving Average" indicator.

Try it on demo first.

You choose how to trade: only with the price of open candle or every tick !

If you do not want to trade with increasing lot size when you lose  a trade set:"IncreaseFactor=0"

Inputs

      • tick=If "tick"=false-every tick\If "tick"=true -open prices  (values:true/false).
      • Exit=Enable Exit strategy (values:true/false).
      • Lots - Lots size (values: 0.01-1).
      • IncreaseFactor -how much to increase lots from total margin if you lose a trade (values: 0.001-0.1).
      • Stop_Loss - Stop Loss (values: 30-500).
      • MagicNumber - Magic number (values: 1-100000).
      • TakeProfit - Take Profit (values: 50-200).
      • FastMA - Fast Moving Average (values: 1-20).
      • SlowMA - Slow Moving Average (values: 50-200).
      •  Mom_Sell-Momentum_Sell trigger(values: 0.1-5).
      •  Mom_Buy-Momentum_Buy trigger(values: 0.1-5).
      • UseEquityStop -(values:true/false).
      • TotalEquityRisk- (values: 0.01-5).
      • Max_Trades(1-5). 
      • USETRAILINGSTOP-If use trailing stop (values:true/false).
      • WHENTOTRAIL-When to trail (values: 40-100).
      • TRAILAMOUNT-Trail amount (values: 40-100).
      • Distance From Candle -Distance From Candle (values: 1-100).
      • USECANDELTRAIL=If use candle  trailing stop (values:true/false).
      • X=2-number of candles (values: 1-100).
      • Enable "Break Even" -(values:true/false).
      • When move "Break Even"- (values: 5-30).
      • How much pips move- "Break Even" (values:5-30).

      You need to optimize this EA once  a week and use the exact same  inputs from above .

      You can use it as  hedging grid EA or a single trade EA.

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