20 Pips Opposite Last N Hour Trend – EA MetaTrader 5

The author of the idea: slacktrader, the mq5 code author: barabashkakvn.

Trading against the trend direction as of N hours ago. Only one position a day can be opened at a certain hour.

Input Parameters

• Max positions – the maximum number of positions (values below 2 are not recommended);
• Lots (if “Lots”<=0.0 -> use “Risk”) – position volume (if the value is set to 0 or less than 0, the position volume will be calculated as risk percent of free margin);
• Take Profit
• Risk in percent for a deal from a free margin – risk per trade as percentage of free margin.
• Lot maximum – limit on the maximum lot size;
• Hour when position should be opened – specify the hour for opening a position;
• Hours to check price difference to see a “trend” – the number of hours ago to check the trend direction;
• Lot multiplier, if one position is unprofitable – lot increase ratio after one losing trade;
• Lot multiplier, if two positions are unprofitable – lot increase ratio after two losing trades in a row;
• Lot multiplier, if three positions are unprofitable – lot increase ratio after three losing trades in a row;
• Lot multiplier, if four positions are unprofitable – lot increase ratio after four losing trades in a row;
• Lot multiplier, if five positions are unprofitable – lot increase ratio after five losing trades in a row.