The author of the idea: Scriptor.
mq5 code author – barabashkakvn.
The EA trades a simple Pivot: each new bar features a trading signal for opening a BUY position. At the same time, the following limitations are built in:
- The Pivot itself is calculated as (High of bar#1 + Low of bar #1) / 2.0;
- If Open of bar #0 < High of bar#1, while Open of bar #0 > Pivot is a SELL signal
- If Pivot coincides with the previous Pivot, do nothing. If Pivots are opposite, close the current position and open a new one.
EURUSD,D1:
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