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CryptoTrend - expert for MetaTrader 5

Anatoliy Migachyov | English Русский 中文 Español Deutsch 日本語 Português 한국어 Français Italiano Türkçe
Views:
3075
Rating:
(10)
Published:
Download as ZIP, How to download code from MetaEditor
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1. advisor overview

CryptoTrend 1.00 is an automated EA built for BTC trading, optimised for 2024. It uses the following key components:


  • Bollinger Indicator:
    Helps to identify market extremes. If the price goes beyond the bollinger lines given a certain threshold, an entry signal is generated.

  • Filter by Order Block:
    The Expert Advisor finds a support (for longs) or resistance (for shorts) range based on historical data (the number of bars is set by the OB_Length parameter ). This helps to refine the signal and reduce false entries.

  • Self-learning mechanism:
    By analysing statistics (number of winning and losing trades), the TrendThreshold entry threshold is dynamically adjusted . Thus, the algorithm adapts to changing market conditions.

  • Risk Management:
    Stop Loss (SL) and Take Profit (TP) levels are calculated based on the difference between the entry price and the support/resistance level with an aggressive risk:profit ratio.

  • Project support:
    In the header of the Expert Advisor there is a link with the caption "Support the project, register!" leading to theBybit page, which allows users to support the developer.



Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/56107

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