Simple gold scalper based on an article 123

MQL5 Эксперты

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Техническое задание

EMA: Three different EMAs were used in this setup, each with different time periods. They were all marked with different-coloured lines

ADX indicator weed out bad trades that would’ve been made when the trend was about to end.

EMA 1: Period = 9
EMA 2: Period = 55
EMA 3: Period = 200
MACD: The signal line and the MACD line were disabled, and only the histogram was used. While the original chart was in 5-minute intervals, the MACD histogram was made on a 1-minute interval.
RSI: The middle band is emphasized as opposed to the overbought (>80) and the oversold (<20) bands.


A long position was initiated whenever EMA 1 was above EMA 2, which was in turnabove EMA 3. In addition to this, the RSI would have to be above 51 and there would have to be a red trend that is higher than the average (indicated through the MACD histogram).


A short position was initiated whenever EMA 1 was below EMa 2, which was in turn below EMA 3. The RSI chart would have to be below 49, and in addition to this, the MACD histogram would have to show a larger-than-average green band


sourcecode provided at the end of the project

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