Idea by: Scriptor.
MQL5 code by: Vladimir Karputov.
The EA trades on the iMA (Moving Average, MA) indicator. At the same time, there is a parameter (defined in percents) Distance between “MA” and the price – the indicator indent from price. Before sending a trade order, it checks how much time has elapsed since opening the last position: If fewer than two periods (timeframes) have elapsed, then the position will not be opened.
Inputs
- Lots – the size of the position to be opened;
- Stop Loss (in pips) (do not use “0”) – Stop Loss; setting the value of “0” is prohibited;
- Take Profit (in pips) (do not use “0”) – Take Profit; setting the value of “0” is prohibited;
- MA: averaging period – indicator averaging period;
- MA: horizontal shift – indicator horizontal shift;
- MA: smoothing type – the type of indicator averaging;
- MA: type of price – the type of indicator price;
- Distance between “MA” and the price (as a percentage) – indicator distance from price, in percents;
- Trade on Friday – enable trading on Friday;
- Step: distance between positions (in pips) – step between positions;
- Increase in a step depending on quantity of positions – scale up the step with the increse in the number of positions;
- magic number – unique identifier for the EA.
A test sample for all symbols on H1 with the default parameters:
Similar MetaTrader Trading Tools:
