Expert Advisors • Indicators • Scripts • Libraries

MQL.RobotFX.org is the biggest collection of MetaTrader expert advisors (MT5 & MT4), indicators, scripts and libraries that can be used to improve trading results, minimize risks or simply automate trading tasks

MetaTrader 5 Expert Advisor | Hangseng Trader

Idea by: Risdyanto Risdyanto.

MQL5 code by: barabashkakvn.

Indicator Resistance & Support is used:

MetaTrader Experts, Indicators, Scripts and Libraries

The Expert Advisor works in two timeframes: Indicator Resistance & Support is constructed on the current timeframe, while object Fibonacci Lines (OBJ_FIBO) is based on the High and Low of the daily timeframe, and parameter "Number of DAUY bars for finding support and resistance levels" is equal to "1":

MetaTrader Experts, Indicators, Scripts and Libraries

Inputs

  • Lots - position volume
  • Trailing Stop (in pips) - trailing
  • Trailing Step (in pips) - trailing step
  • Number of DAUY bars for finding support and resistance levels - amount of days for calculating Fibo
  • MA: averaging period - Moving Average averaging period
  • MA: horizontal shift - horizontal Moving Average shift
  • MA: smoothing type - Moving Average smoothing type
  • MA: type of price - price type used as the basis for calculating the Moving Average indicator
  • magic number - the unique EA identifier

Exemplary testing on EURUSD,M15:

MetaTrader Experts, Indicators, Scripts and Libraries

21120

Best MetaTrader Indicators + Profitable Expert Advisors