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BUILD A BREAKOUT EXPERT ADVISOR USING A SIMPLE MOVING AVERAGE(SMA) FOR META TRADER 5
Here's the basic outline of the expert advisor:
BUY
1. If the PRICE (candle) crosses and closes above the SMA, open a BUY Market position.
2. DO NOT BUY IF THERE IS ALREADY A BUY POSITION.
SELL
1. If the PRICE (candle) crosses and closes below the SMA, open a SELL Market position.
2. DO NOT SELL IF THERE IS ALREADY A SELL POSITION.
PARAMETERS:
1. TIMEFRAME: MUST WORK ON ALL TIMEFRAMES AVAILABLE ON MT5 [1min – Monthly]
2. ADJUSTABLE SIMPLE MOVING AVERAGE
3. TRADING HOURS: 3 ADJUSTABLE START & STOP TIMES
DEFAULT
• 03:00 – 5:00 AM
• 8:00 – 11:59 AM
• 17:00 – 19:00 PM
DO NOT CLOSE POSITIONS AFTER TRADING HOURS, LET THE TRADE RUN UNTIL SL OR TP IS HIT.
4. STOP LOSS AND TAKE PROFIT (IN PIPS)
5. TRAILING STOP LOSS (IN PIPS)
6. RISK ALLOCATION FOR EACH TRADE
• FIXED AMOUNT($)
• % OF BALANCE
Here's the basic outline of the expert advisor:
BUY
1. If the PRICE (candle) crosses and closes above the SMA, open a BUY Market position.
2. DO NOT BUY IF THERE IS ALREADY A BUY POSITION.
SELL
1. If the PRICE (candle) crosses and closes below the SMA, open a SELL Market position.
2. DO NOT SELL IF THERE IS ALREADY A SELL POSITION.
PARAMETERS:
1. TIMEFRAME: MUST WORK ON ALL TIMEFRAMES AVAILABLE ON MT5 [1min – Monthly]
2. ADJUSTABLE SIMPLE MOVING AVERAGE
3. TRADING HOURS: 3 ADJUSTABLE START & STOP TIMES
DEFAULT
• 03:00 – 5:00 AM
• 8:00 – 11:59 AM
• 17:00 – 19:00 PM
DO NOT CLOSE POSITIONS AFTER TRADING HOURS, LET THE TRADE RUN UNTIL SL OR TP IS HIT.
4. STOP LOSS AND TAKE PROFIT (IN PIPS)
5. TRAILING STOP LOSS (IN PIPS)
6. RISK ALLOCATION FOR EACH TRADE
• FIXED AMOUNT($)
• % OF BALANCE
反馈
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