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

2010.04.19 08:06
Experts

Simple Adviser EMA WMA RSI - expert for MetaTrader 4

| English Español Português 日本語 Deutsch

Views:
15629
Rating:
votes: 2

Description:

Expert Advisor is fairly simple and with a little practice it can be modified even people not familiar with the programming.

An Expert Advisor opens the trade, based on the intersection of MA. Opening is filtered on the indicator RSI.

If RSI> 50 - allowed only Buy
If RSI <50 - allowed only Sell

Variables:
  • period_EMA = 28 - period EMA line
  • period_WMA = 8 - between lines WMA
  • period_RSI = 14 - period RSI indicator
  • stoploss = 0 - level set stop loss orders at the opening (if 0, then the stoploss is not exposed)
  • takeprofit = 500 - level set take profit at the opening of a warrant (if 0, then takeprofit not exposed)
  • risk = 10 - if Lot = 0, then the size of the Lot is calculated as% (risk) of free funds
  • Magic = 777 - the unique number of orders of the adviser, is used to make the adviser does not affect the order open hand or other advisers.
  • CloseCounter = false - if you set the parameter to true, the warrants will be closed at the opposite signal. Ie when opening Buy, Sell and close down all the way around.
  • Lot = 0.1 - lot may be installed either, but at zero lot will be calculated automatically.
  • TrailingStop, Tip.Fr.or.Candl - Used in advisor TrailingStop detail: http://codebase.mql4.com/en/code/9530




Tips:

If you place takeprofit = 0, then be sure to CloseCounter = true, otherwise the order simply did not close.

When installing the stoploss = 0, protective stop there, with the balance line in the tester is nice, but there is a risk of subsidence.

Three Indians Three Indians

Detection of a pattern "three Indians" on the basis of the ZigZag.

Simplest Hedging EA ever Simplest Hedging EA ever

This EA simply opens two opposing positions at the beginning of the first new bar it comes across. Both positions can win lose or draw. Works best in 5M timeframe and can be optimised using "Open prices only".

Fibonacci-based Moving Averages indicator Fibonacci-based Moving Averages indicator

This indicator is EMAs drawn by Fibonacci numbers.

HighLowLines HighLowLines

Shows you the value of the highest high, the lowest low and the average of both over the last x Bars (to be set in the input tab).