The strategy of the EA is very simple. It looks through the account history and, if the latest position has been closed by TakeProfit, enters the market in the same way as before. Otherwise, it considers the trend direction to be changed.
Position is opened at the signals of indicators:
1. if Parabolic confirms the change of trend;
2. if the market is between flat range.
The position volume in lots calculated through money management and risk management for optimal fraction.
Default settings are for EURUSD M30.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/8146
The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.Average Directional Movement Index (ADX)
The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.
Automatically draws Fibonacci retracements on chart.Example of A Simple Breakout Trading Robot
Example of a simple breakout trading robot. There are a lot of breakout methods, but this is the simplest one as I think. Please see the attached images to visualize what is the breakout trading...