Backbone - MetaTrader 5 Expert | Forex Indicators Download - MT4/MT5 Resources
The author of the idea — Vladimir , the author of the MQL5 code — Barabashkakon .
The idea of Expert Advisor is based on the constant change of trade direction depending on Take Profit, Stop Loss and Trailing Stop levels.
Positions are opened in stages, in the opposite direction to the previous position. EA does not use any indicators, mathematical models or other complexities. Its profitability is based on the duration of profitable positions being longer than the duration of losing positions.
EURUSD first half test results:
Attachment download
📎 backbone.mq5 (23.74 KB)
Source: MQL5 #17490
Backbone - MetaTrader 5 Expert | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Backbone - MetaTrader 5 Expert | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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