MA7 Viola C1 MT5

Description of work

The 'MA7 Viola C1' expert advisor is based on the 'MA7 Viola indicator. When a signal appears, the expert advisor opens a position, sets a stoploss and takeprofit, and after opening the position, accompanies it until it is closed.

Detailed information about the 'MA7 Viola' indicator.

Features of work

Designed to work on hedge accounts;

Recovers your data in case of a sudden power outage;

Stoploss and takeprofit are not installed on the server; the expert advisor itself closes positions when these levels are reached.

Note: before running the advisor, the settings need to be optimized for a specific instrument and timeframe.

Detailed information about the expert advisor settings can be found in the article 'Class 'C1' expert advisors'.

Expert advisor settings

General settings:

Timeframe – timeframe from which signals come;

Magic – designed to identify your positions.

Money management settings:

Position volume – position volume, lots;

Funds for volume – funds for position volume, deposit currency (0 – not used).

Position opening settings:

'MA7 Viola' settings:

Difference – difference between the last two MA values, percentage;

Period;

Method;

Apply to;

Remove subsequent arrows – removes subsequent arrows in one direction.

Position closing settings:

Stoploss – distance to loss limitation, points;

Takeprofit – distance to profit taking, points;

StopLoss – distance to loss limitation based on the ATR indicator, coeff (0 – not used);

TakeProfit – distance to profit taking based on the ATR indicator, coeff (0 – not used);

TakeProfit – distance to profit taking based on the distance to stop loss, coeff (0 – not used).

Breakeven settings:

Activation – distance to breakeven activation, points (0 – not used);

Activation – distance to breakeven activation based on the ATR indicator, coeff (0 – not used);

Activation – distance to breakeven activation based on the distance to take profit, perc (0 – not used);

Distance to placing – distance to placing the stop loss level from the opening price, points (0 – not used).

ATR settings:

Period – ATR period;

Timeframe – timeframe.

Trading stop settings:

Profit – total profit, deposit currency (0 - not used);

Loss – total loss, deposit currency (0 - not used).

Display settings:

StopLoss color;

StopLoss line style;

StopLoss line widht;

TakeProfit color;

TakeProfit line style;

TakeProfit line widht.

'MA7 Viola' indicators:

MA7 Viola MT4;

MA7 Viola MT5.

Expert advisors based on the 'MA7 Viola' indicator:

MA7 Viola C1 MT4;

MA7 Viola C1 MT5.

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Ask questions in the profile on the MQL5.