Currency Strength Alert

Overview

This Expert Advisor combines currency strength analysis with three moving averages to generate high-probability entry signals. It incorporates gap detection, multiple entry modes, pyramiding, martingale, hedging, and a comprehensive suite of filters to adapt to various market conditions.

Currency Strength & MA Signals

• Currency Strength: Evaluates the relative strength of major currencies by analyzing price movements across multiple pairs, identifying strongly overbought or oversold conditions.

• Three Moving Averages: Uses three MAs (e.g., 20, 50, 100) with configurable crossover combinations: MA20/50, MA20/100, MA50/100, all crossovers, or triple alignment.

• Signal Combination: Can require both currency strength and MA signals for entry, or accept either one, allowing flexible signal filtering.

Gap Detection

• Monitors gaps between previous close and current open.

• Configurable actions: ignore, swap signal direction, skip trading, or reverse existing positions.

• Minimum gap size in pips and visual warnings on chart.

Entry Modes

• Single Entry: Only one position per direction.

• Multiple Same Direction: Additional entries allowed only in the current trend direction.

• Multiple Both Directions: Allows hedging by permitting entries in both directions.

• Enforces minimum bars between entries and maximum total lot size per direction.

Pyramiding

• Adds to winning positions as the market moves favorably.

• Configurable step distance (pips), lot multiplier per step, and maximum steps.

• Works with or without martingale.

Martingale

• Multiple calculation methods: simple multiplier, fixed step, percentage increase, Fibonacci, safe risk limit, and 60-pips recovery.

• Parameters include multiplier, step, max trades, and risk percentage.

• Can be combined with pyramiding for complex position scaling.

Risk Management

• Monitors drawdown as percentage or absolute dollar loss.

• Actions: close all trades or stop trading when thresholds are reached.

• Recovery target: close all trades at a specified profit level.

• Global profit target: close all trades when total profit hits a set amount.

Hedging

• Simple Hedge: Opens an opposite-direction position when drawdown reaches a trigger percentage.

• Grid Hedge: Creates a ladder of opposite-direction positions at set distance intervals, with increasing lot sizes per level.

• Configurable hedge lot sizes (same, double, half, or martingale-based) and auto-close at profit.

Filters

• Multi-Timeframe Stochastic & RSI: Operate on current, second, third, or any combination of timeframes with various confirmation modes.

• Trend Filter: Moving average (e.g., 200 MA) to align with major trend.

• RSI & Stochastic: Overbought/oversold levels and crossover conditions.

• ADX: Minimum strength and DI crossover.

• ATR: Acceptable range (min/max values).

• MACD: Histogram, zero-line, or signal-line conditions.

• Bollinger Bands: Price relative to middle band.

Trading Controls

• Time Filter: Restrict trading to specific hours.

• Spread Filter: Avoid high-spread periods.

• Dynamic Lot Sizing: Automatically adjusts lot size based on account growth with configurable steps.

Display Features

• Shows current lot size, signal strength, open position totals, and license status on chart.

• Optionally displays the three moving averages directly on the chart for visual reference.

• All trades labeled with a consistent comment for easy identification.

Compatibility

• Designed for netting accounts with automatic volume normalization to respect symbol minimum, maximum, and step requirements, eliminating "invalid volume" errors.