This Expert Advisor is rewritten from MQL4 and was originally published here by its author Reshetov. Â
How It Works
The direction for an entry is determined by the SAR indicator, provided that ADX is lower than the level specified. If the last trade was winning, a position can be opened in the direction of the last winning trade. If the last trade was losing, a position can be opened only in the direction opposite to that of the last trade. The image shows the performance of the Expert Advisor in the strategy tester’s visual mode.
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Parameters
Lots – Lot.
MaximumRisk – Risk (it is used if Lots=0).
StopLoss – Stop Loss in points.
TakeProfit – Take Profit in points.
SARStep – SAR step.
SARMax – maximum SAR step.
ADXPeriod – ADX period.
ADXLevel – ADX level.
Shift – The bar on which the indicator values are checked.
BreakEven – Profit level of a position expressed in points in order to move the Stop Loss to the breakeven level. If the value is 0, the function is disabled.
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