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MetaTrader 5 Expert Advisor | EMA LWMA RSI

MetaTrader Experts, Indicators, Scripts and Libraries

Author of the idea - Vladimir Khlystov

mq5 code author - barabashkakvn

The Expert Advisor uses two iMA (Moving Average, MA) indicators and one iRSI (Relative Strength Index, RSI). One of the iMAs uses the MODE_EMA averaging method, the second one uses MODE_LWMA (the averaging method cannot be changed, because the idea of the trading system is exactly in using such methods).

The EA operates at a new bar opening and opens only one position at a time, therefore it is able to work both on hedging and netting accounts.

BUY open signal serves as a SELL close signal and vice versa: Sell open signal serves as a BUY close one.

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