MetaTrader 5
Experts
Indicators
Scripts
Libraries
Storage
Watch how to download trading robots for free
Find us on Twitter!
Join our fan page
Join our fan page
You liked the script? Try it in the MetaTrader 5 terminal
- Views:
- 23191
- Rating:
- Published:
- 2008.12.18 07:06
- Updated:
- 2014.04.21 14:53
-
You are missing trading opportunities:- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration Log inYou agree to website policy and terms of use
If you do not have an account, please register
-
Need a robot or indicator based on this code? Order it on Freelance
Go to Freelance
We place two pending orders at the specified time and delete one of them when another one triggers. Exit is performed by TakeProfit or by time expiration, depending on what happens first.
The default settings:
Lots - the volume of the order,
ChasStart - the time of placing the orders,
ChasStop - the time of closing the orders,
Step - the distance from the price when placing the pending order,
TP - TakeProfit
Strategy Tester Report
21hour
Alpari-Classic (Build 220)
| Symbol | EURJPY (Euro vs Japanese Yen) | ||||
| Period | 1 Hour (H1) 2008.11.03 00:00 - 2008.12.08 09:00 (2008.11.01 - 2008.12.09) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | Lots=0.1; ChasStart=10; ChasStop=22; Step=15; TP=200; | ||||
| Bars in test |
1606 | Ticks modelled |
748858 | Modelling quality |
52.19% |
| Missmatched charts errors |
3 | ||||
| Initial deposit |
10000.00 | ||||
| Total net profit |
792.85 | Gross profit |
2597.94 | Gross loss |
-1805.09 |
| Profit factor |
1.44 | Expected payoff |
31.71 | ||
| Absolute drawdown |
515.25 | Maximum drawdown |
917.51 (8.34%) | Relative drawdown |
8.34% (917.51) |
| Total trades |
25 | Short positions (% won) | 16 (56.25%) | Long positions (% won) | 9 (66.67%) |
| Profit trades (% of total) | 15 (60.00%) | Loss trades (% of total) | 10 (40.00%) | ||
| Largest | profit trade | 213.43 | loss trade | -582.46 | |
| Average | profit trade | 173.20 | loss trade | -180.51 | |
| Maximum | consecutive wins (profit in money) | 4 (761.80) | consecutive losses (loss in money) | 4 (-758.50) | |
| Maximum | consecutive profit (count of wins) | 761.80 (4) | consecutive loss (count of losses) | -758.50 (4) | |
| Average | consecutive wins | 3 | consecutive losses | 2 | |
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/8610
Universal Expert Advisor scheme
Universal EA scheme to enable easy multiple strategy implementation into one EA
DiNapoli Price Oscillator
New version of famous and simple indicator created by Joe DiNapoli. It is different than rest of this type indicators, because it could count and display overbought and oversold levels.
MTrendLine is Very Convenient Autoregulator of Pendings in Reference to the Trend Lines
You often have to move the pending order every hour in reference to the trend line and it embarasses you concerning your time. That's why this EA (semi-automated) was developed, it totally relieves from tracking the trend line and from moving the pending
X-Pair
The indicator has the informative character.