Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2016.05.16 11:06
Binario

Binario - expert for MetaTrader 4

| English Español Português Русский 中文 Deutsch 日本語

Views:
2533
Rating:
votes: 4
Binario_3.mq4 (4.89 KB)view
Author: Gordago Software Corp

Binario is not an automated trading system but a trading idea. It consists of entering at a breakout and following the trend. The suggested method can be used on all time frames.
It is very simple and will be useful for beginners.



People's tips on usage.

1. Wait for the price line to be in the range of "Binario", and then wait for a breakout of one of the lines.

2. Place a buy-stop order at the level of 25 points + spread ABOVE the "Binario" line.

3. Place a sell-stop order at the level of 25 points + spread BELOW the "Binario" line.

4. Place a stop loss for the long position 1 point below the "Binario" lower line.

5. Place a stop loss for the short position 1 point above the "Binario" upper line. In both cases the spread is added to 1 point. Stop loss levels can be adjusted every hour or when needed.


6. Set the take profit (I usually set a target of 850 points, but you can set your own targets).

7. The positions must be adjusted when the ЕМА values change.

8. Exit: upon reaching the target or by stop loss.

 
One last comment. This is trend following method, it is based on catching large movements, therefore small losses can be very frequent, but these unprofitable trades must not be skipped - the trend will be missed!

Discussion topic.

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/7658

Accelerator Oscillator (AC) Accelerator Oscillator (AC)

The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.

Average Directional Movement Index (ADX) Average Directional Movement Index (ADX)

The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.

LinesProfitLoss LinesProfitLoss

Calculates profit (loss) of the current orders on the symbol.

FFC - Forex Factory Calendar FFC - Forex Factory Calendar

Modified version of FF Calendar Indicator with new features.