Idea by: josef strauss.
MQL5 code by: Vladimir Karputov.
The EA uses indicator Heiken Ashi Smoothed Oscillator:
Exemplary signals "Open Buy" and "Open Sell":
Signals for opening positions is only received when a new bar appears, while trailing the positions is checked at each tick.
In this EA, the entire code relating to defining input parameters for Moving Average, to creating an indicator, and to receiving the indicator values is provided with comments - I decided not to completely remove this code: Perhaps, somebody would find a solution for applying it.
Instead, the following parameters were added: Trailing, signal reverse, and closing the opposite position when a signal appears.
Trailing
Position trailing. When the Trailing Stop is set to zero, trailing will be disabled.
Reverse
Flag Reverse signal completely turns the value of the signal for opening a position.
Closing the opposite position when a signal appears
Flag Close the opposite position on a signal at the value of true:
- It allows opening SEVERAL positions;
- When the "Open Buy" signal is received, it will close Sell positions; when the "Open Sell" signal is received, it will close Buy positions.
At the value of false, the EA will have ONLY ONE position in the market and, therefore, will not close the opposite position.
Recommendations on Optimization
Exemplary parameters, such as initial value, step, and final value, for symbols on H1:
