Disaster - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resources
It is based on observations that show that price often crosses the MA chart and moves a certain distance further. It places a pending order (buy limit or sell limit) at a price equal to the value МА(590-М1). When the price changes, the MA value changes and the order is modified, and so on until the order is triggered.
Once an order is triggered, it cannot be modified. Exit – by tightening ТР and SL. Once the EA "finds" that there is no order, it places a new pending order. Since it often happens that the price only touches the MA and does not rise further, I choose a small enough SL - 30 pips. TP level=70.
Even though I'm sure I won, there's a slim chance that I forgot to fix something.
Attachment download
📎disaster.mq4 (5.52 KB)
Source: MQL5 #7704
Disaster - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resource Usage and Screening Suggestions
This content can be used as a data entry for foreign exchange EA, indicators, trading systems or quantitative strategies. When reading, it is recommended to make a judgment based on the platform version, trading type, time period, risk control method and historical discussion background. Do not use it directly based on the title or a single point of view.
If the content involves MT4/MT5, ForexFactory, MQL source code, TradingView indicators or strategy discussions, you can give priority to the parameter logic, backtest environment, market stage, execution cost and failure conditions, and then decide whether to continue downloading, reviewing or secondary development.
Risk warning
For any EA, indicator or automatic trading strategy, it is recommended to first conduct historical backtesting, simulation account verification and small capital testing. Grid, Martin, high frequency, recovery and examination strategies especially require setting the account risk upper limit, single variety risk upper limit and manual deactivation conditions.
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