PriceActionAi MFI SPA

This EA is intended to assist with surveying and trading performance statistics with MFI indicator.

Only one order at a time can be opened, at the end of the order can the next order be opened

When the MFI value is less than or equal to the configured MFI value

In Reverse mode, the SELL command will be opened instead of the BUY command.

When the MFI value is greater than or equal to the configured MFI value

In Reverse mode the BUY command will be opened instead of the SELL command.

2. Configuration parameters

2.1. Basic parameter group

A. System Settings

• Day of week: Day of the week
• Trading Hours: Hours of the day
• Minute Min: From minutes
• Minute Max: Up to the minute
• Magic number: EA ID number   

B. Trading Settings

• Balance stop percent (0 = No Stop): Trade stop level. Once the profit / loss is loaded at this%, the EA will stop running.
• Reverse: Reverse
• Spread Limit (in points): The maximum spread when checked for entry
• Slippage Limit (in points): Maximum price slide when entering the order

C. Volume Settings

• Money management (LOT or RISK): Capital management
• In the case of choosing LOT: The value for money management: is quantity (eg: 0.01)
• In the case of choosing RISK: The value for money management: is a percentage (Example: 1)

D. SLTP Settings

• Stop Loss (in pips): Stop loss
• Take Profit (in pips): Take Profit

E. Trailing Stop Settings

• When the current bid / ask price is about 1 distance from the initial set SL point by Trailing Stop + Trailing Step, then drag SL 1 about Trailing Step, following the direction of trend development.
• Trailing Stop (in pips, 0 = No Trailing): Stop loss
• If Trailing Stop is 0, this function will not work
• If Trailing Stop is different from 0, then Trailing Step must be entered
• Trailing Step (in pips): The jump range of the SL

2.2. Parameter group characteristic

Money Flow Index Trading Setting 

Period: Number of calculation candles. The default value is 12

Volumes: Volume taken into account. The default value is Tick 

Tick 

Real 

MFI Value Check For Buy (<=): The MFI value configures the check for the Buy order 

MFI Value Check For Sell (> =): The MFI value configures the check for the Sell order