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Published:
2021.10.02 18:17

Please, read the below requirements. After that delete this text and write the description of your script.
Requirements to subject area, size and form of materials to be published:

What ideas is the code based on and how can the indications be interpreted? Describe the external variables used. If you submit an Expert Advisor, it is recommended to name the most suitable symbol and timeframe.If you submit an include file (#include), it is necessary to specify its purposes (for trailing, for calculating the size of position to be opened, etc.).

All images must be small, it is not recommended to exceed 750х500 pixels. The charts to be published containing indicators or graphical objects should be made in black and white color scheme: black and white candlesticks or black bars on white background. This will allow readers to print the image out directly from screen.

The code attached should be named both using Latin letters (letters of the English alphabet) and in English. For example, not issledovanie.mq5/erforschung.mq5/estudio.mq5/ricerca.mq5/recherche.mq5, but research.mq5.

Recommendations:
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  • Insert illustrating images where applicable.
Trailing stop MT4 Trailing stop MT4

Use trailing stop point with MT4

ATR with Smoothing ATR with Smoothing

ATR with 4 smoothing options : RMA, EMA, WMA, SMA

G channel G channel

G channel is a channel indicator with 3 lines- a middle line representing a central tendency and 2 Upper and Lower boundaries calculated based on the past values of same indicator. Its based on the paper "Recursive Bands - A New Indicator For Technical Analysis" by Alex Grover and is a code conversion from TradingView. The channel breakout of Upper or Lower boundaries represent a new trend or trend continuation while narrowing of bands represents ranging or low volatility conditions. The channel can prove to be a good indicator of a trend direction and also a guide for trailing of stop loss. It has only 2 variables. Channel period - default set to 100. Price type.

Read news from forex factory website by web request Read news from forex factory website by web request

Read news from forex factory website by web request