MA7 Flax C2 MT5

Description of work

The 'MA7 Flax C2' expert advisor is based on the 'MA7 Flax' 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. After receiving a loss, the expert advisor increases the volume.

Detailed information about the 'MA7 Flax' 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 'C2' 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;

Multiplier after loss – position volume multiplier after a losing position.

Position opening settings:

'MA7 Flax' settings – settings of the 'MA7 Flax' indicator:

ATR period – ATR period;

ATR multiplier – ATR value multiplier;

Remove subsequent arrows – removes subsequent arrows in one direction.

Position closing settings:

StopLoss – distance to loss limitation, points;

TakeProfit – distance to profit taking, points.

Display settings:

StopLoss color;

StopLoss line style;

StopLoss line width;

TakeProfit color;

TakeProfit line style;

TakeProfit line width.

'MA7 Flax' indicators:

MA7 Flax MT4;

MA7 Flax MT5.

Expert advisors based on the 'MA7 Flax' indicator:

MA7 Flax C1 MT4;

MA7 Flax C1 MT5;

MA7 Flax C2 MT4;

MA7 Flax C2 MT5.

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Ask questions in the profile on the MQL5.