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Currency Strength - expert for MetaTrader 4

SirFency
Published by:
Aharon Tzadik
Views:
27039
Rating:
(34)
Published:
2020.07.27 23:38
Updated:
2024.12.18 11:46
Download as ZIP, How to download code from MetaEditor
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"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

  •  Use_TP_In_Money- Use Take Profit In Money (values:true/false).
  •  TP_In_Money- Take Profit In Money   (values: 10-100).
  • Use_TP_In_percent- Use Take Profit In Percent (values:true/false).
  • TP_In_Percent- Take Profit In Percent (values: 10-100).
  • ------------[Money Trailing Stop For Multiple Trades]----------------------
  • Enable_Trailing-Enable_Trailing with money  (values:true/false).
  • Take Profit In Money (in current currency) (values: 25-100).
  • Stop Loss In Money(in current currency) (values: 1-20).
  • ------------------------------------------------------------------------------------
  • tick=If "tick"=false-every tick\If "tick"=true -open prices  (values:true/false).
  • Exit= Close trades if the trend is against you and control draw dwon (values:true/false).
  • Lots - Lots size (values: 0.01-1).
  • Lots size Exponent  (values: 1.01-2).
  • 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). /set value 600 for  Multiple Trades
  • MagicNumber - Magic number (values: 1-100000).
  • TakeProfit - Take Profit (values: 50-200). /set value 600 for  Multiple Trades
  • FastMA - Fast Moving Average (values: 1-20).
  • SlowMA - Slow Moving Average (values: 50-200).
  •  Mom_Sell-Momentum_Sell trigger(values: 0.1-0.9).
  •  Mom_Buy-Momentum_Buy trigger(values: 0.1-0.9).
  • ---------------------CONTROL DRAW DOWN-----------------------------
  • UseEquityStop -(values:true/false).
  • TotalEquityRisk- (values: 0.01-30).
  • ------------------------------------------------------------------------------
  • Max_Trades(1-12). 
  • --------------------IF YOU USE ONLY 1 TRADE:-------------------------
  • //////////////////////////////////////////////////
  • 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 monih and use the exact same  inputs from above .


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