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ADX Channel EA for MT5

This EA forms a channel based on the readings of the ADX indicator (Average Directional Movement Index), and trades from the boundaries of this channel when the price reversals. This channel is displayed on the chart of the currency pair. A sell trade is executed when the price touches and bounces off the upper channel line, a buy - from the lower one. At the same time, it can filter entries to trades depending on the readings of other indicators: Stochastic, ATR and RSI. The channel drawn by this indicator turns out to be a bit similar to Envelopes or Bollinger, and its lines depend on the market volatility, and additional dotted lines depend on the + DI and -DI readings of the ADX indicator. If necessary, drawing the channel can be disabled, but trading will still occur as if from the channel boundaries. You can set the trading time in the EA, it is recommended to do it at a time when the market is calmer, for example at night.

It is recommended to use timeframes from M5 to M30, any currency pairs when optimizing the settings.

Input parameters

  • Lots - lot size (at 0, the lot will be calculated from the percentage of free funds on the account);
  • Percentage of free money - percentage of free funds to open each new deal (works when Lots = 0);
  • OrdersComments - a comment to deals;
  • OrdersFilling - change the way of order execution (some brokers may not support all methods);
  • Slippage - slippage (maximum permissible price deviation);
  • OpenOrdersDelayBars - delay between opening the next deal;
  • TradeEveryTick - define signals and trade every tick (true), or only at the close of the bar (false);
  • MaxSpread - maximum spread for opening a trade (so that a trade is opened when the spread is not higher than this value);
  • Magic - a unique identifier (you need to make it different if several Expert Advisors are running in the same terminal);
  • StopLoss - order closing price when the loss level is reached;
  • TakeProfit - order closing price when the profitability level is reached;
  • EnableAutoClose - automatic closing of orders upon an opposite signal;
  • TrailingStopValue - value of the trailing stop in points (0 - normal trailing stop off);
  • StopToParabolicStep - parabolic trailing stop (0 - disabled);
  • ADXChannelPeriod - period of the ADX indicator for channel formation;
  • Strength - the strength for the formation of the channel (the greater this parameter, the more the channel will depend on the ADX readings);
  • Strength2 - strength for the formation of an additional channel, indicated by dashed lines (they depend on the readings of + DI and -DI);
  • SignalOf2Lines - open a trade only when two indicator lines intersect at once (if disabled, Strength2 is not used);
  • DrawChannelBars - the number of bars for drawing lines of the ADX channel (slows down testing), 0 - do not display the channel;
  • ChannelColor - color of ADX channel lines;
  • StochasticFilterPeriod - enable filtering of signals by the Stochastic indicator (0 = disabled, more than 0 - setting the period);
  • StochasticSlowing - slowing down of the Stochastic indicator;
  • StochasticLevels - levels of the Stochastic indicator (for example, 30 means that the levels will be 30 and 70);
  • PeriodRSI - period of the RSI indicator (0 - do not use RSI to filter trades);
  • LevelsRSI - levels of the RSI indicator;
  • AtrPeriod - period of the ATR indicator;
  • MinAtrLevel - the minimum level of the ATR indicator allowed for trading;
  • MaxAtrLevel - maximum allowable level of the ATR indicator;
  • TradingStartHour - trading start hour;
  • TradingEndHour - trading end hour;
  • EnableInfo - show information from the advisor.

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Last copy at 399$ -> next price 499$ Dark Algo  is a fully automatic Expert Advisor for   Scalping   Trading on   Eurusd . This Expert Advisor is based on the latest generation of   algorithm  and is highly customizable to suit your trading needs. If you   Buy this Expert   Advisor you can   write a feedback   at market and   get   a second EA for   Free , for More info contact me The basic strategy of this EA is built on a sophisticated   algorithm  that allows it to   identify   and   follow m
Bitcoin Robot MT5
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Waka Waka EA MT5
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EA has a live track record with 4.5 years of stable trading with low drawdown: Live performance MT4 version can be found here Waka Waka is the advanced grid system which already works on real accounts for years. Instead of fitting the system to reflect historical data (like most people do) it was designed to exploit existing market inefficiencies. Therefore it is not a simple "hit and miss" system which only survives by using grid. Instead it uses real market mechanics to its advantage to make p
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Lo Thi Mai Loan
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Launch promo! Only 2  copies left at current price! Next price: 1533$ Final price: 1993$ Buy US30 Scalper and you could get Nasdaq Algo for free ! => Contact after purchase Live signal:  https://www.mql5.com/en/signals/2220893?source=Site+Profile+Seller MT4:  https://www.mql5.com/en/market/product/113580?source=Site+Market+Product+Page More analytics:  https://www.mql5.com/en/blogs/post/756452 For more top Expert Advisors and Indicators, visit:   https://www.mql5.com/en/users/lothimailoan/s
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This Expert Advisor identifies trend reversals based on fractals and some other indicators. It is a free lite version of Three fractals Brief description of the trading strategy: when the fractals were formed after a prolonged fall, and the last fractal did not update the minimum of the previous bar's lower fractal, then a trend reversal is determined (at the same time, there must be a fractal in the middle, which is higher than the others). Similarly, opposite for growth. In case other indicato
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The Expert Advisor identifies Doji candles on the chart and opens trades when they appear (if they meet the specified parameters). In addition, the EA can also trade with the Engulfing candles. It can display the candles it is trading on, it also shows how the signal candle is set up. The exact settings of the signal candles can be changed and optimized. Also, the Expert Advisor has settings for additional indicators for filtering trade entries and can analyze trading volumes, so that, for exam
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Volumes are one of the most important factors of trading, as it is the high volumes that move the market in either direction. But there are very few standard indicators for volumes in MetaTrader 4. The Volume Candles analyses the volumes of the trades and displays candles depending on these volumes. The candle appears once the required number of volumes has passed during trading (the VolumeCandle parameter). If the candles close frequently and are thin, then the volumes on the market are current
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Version 1.1 2021.03.08
Improvements for trading on higher timeframes.