Idea byÂ
mq5 code author –Â
The Expert Advisor is based on the RSI Custom Smoothing indicator. Regression is calculated before a signal is generated.
The EA can apply one of the following three trailing types:
- … by Pips Mode – regular trailing stop
- … by Highest/Lowest of Range of Bars – Stop Loss is calculated as the highest/lowest of all values within N bars
- … by High/Low of Bar x – Stop Loss is calculated as the highest/lowest price of the Nth bar
Similarly, you can choose between three Stop Loss and Take Profit options:
- … by Pips Mode – regular Stop Loss and Take Profit
- … by Highest/Lowest of Range of Bars – Stop Loss and Take Profit calculated as the highest/lowest of all values within N bars
- … by High/Low of Bar x – Stop Loss and Take Profit calculated as the highest/lowest price of the Nth bar
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