Correct Orders (Version 1.0.01) - MetaTrader 4 Expert | MT4 EA Download
The correct sequence is a set of consecutive moving averages. The correct sequence for an uptrend is a situation where the price level of the 10-period simple moving average (SMA) is above the 20-period SMA (above the 50 SMA). In turn, this moving average is above the 100 moving average, which is above the 200 moving average.
In a downtrend, the opposite is true.
Consecutive moving averages are usually a strong indication of changing trend conditions, indicating that momentum is on one side of the trend, but that the moving average is acting as support.
In order to use the correct order strategy more reliably, ADX check is added. ADX must be greater than 20 and have an increasing trend.
Entry - after 5 candles, as soon as the correct order is formed, Exit - as soon as the correct order is violated.
Test results:
Attachment download
📎 TrueSort_1001.mq4 (6.08 KB)
Source: MQL5 #8722
Correct Order (Version 1.0.01) - MetaTrader 4 Expert | MT4 EA Download Usage and Screening Suggestions
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Risk warning
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