Absorption - expert pour MetaTrader 5

Idea by: Sergey.

MQL5 code by: Vladimir Karputov.

The EA trades with the Absorption pattern. It places pending orders Buy Stop and Sell Stop. It can move a position to a breakeven, as well as trailing. Individual Take Profit settings for BUY and SELL.

Absorption in bar #2:

Absorption in bar #1

Inputs

• Lots - volume of the pending order to be placed;
• Take Profit Buy - Take Profit for the Buy Stop of pending orders;
• Take Profit Sell - Take Profit for the Sell Stop of pending orders;
• Trailing Stop (in pips) - trailing;
• Trailing Step (in pips) - trailing step;
• Indent from high or low - indent from the extreme (high or low) found;
• Number of bars to search for price extremes - number of bars for searching for extremes;
• Expiration a pending order in hours - life time of the pending order, in hours;
• Magic number for signal 1 - identifier for positions on trades for signal 1;
• Magic number for signal 2 - identifier for positions on trades for signal 2;
• Breakeven (in pips) ("0" -> parameter "Breakeven" is off) - breakeven (for how many pips to move the Stop Loss);
• Breakeven profit (in pips) - a profit, at achieving which the Stop Loss must be moved to breakeven.

Test in the "Every tick based on real ticks" tick generation mode for GBPUSD,H1 from 2018.01.01 to 2018.04.25: