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Multi Time Frame Trader | Forex Indicator Download - MT4/MT5 Resources

author EAcpu | 5 reads | 0 comments |
EA update v0.05

skyper7498

After studying numerous algorithmic trading systems, going against the long-term trend is a possible reason behind the random results of any trading system.

The Multi Time Frame Trader (MTFT) was developed to enter the long-term movements of the market by using 3 different time frames to provide: higher trading probability and precise entry conditions.

Details:

The EA looks at
the (3) timeframe and determines whether to sell or buy the currency based on the trend/slope of the highest timeframe.

  1. The trend/slope of each time frame is calculated by the following formula! LinRegrBuf.mq4 indicator for: , and time series charts

    1. Download the !LinRegrBuf.mq4 indicator to the “experts/indicators” folder in the MT4 directory

  1. Overbought/oversold conditional signals and timing charts determined by the stochastic oscillator

  1. EA default trading time range:

    1. =H1
    2. Signal diagram =M5
    3. Timing diagram =M1

Admission requirements:

  1. If the slope is negative (-) and

    1. Signal chart price is overbought and

      1. Time series chart price is overbought

        1. Enter short position with TP and SL

  1. If the slope is positive (+) and

    1. Signal chart price is oversold and

      1. Time series chart price is oversold

        1. Enter long position with TP and SL

EA properties:

  1. Trade|Enable/Disable Trading
  2. Alerts | Enable/disable alerts when entry conditions are met
  3. e_trailing_stop | Enable/disable trailing stop
  4. Trailing Stop | Trailing Stop in PIP
  5. Trade Spread | The spread that the EA is allowed to trade
  6. Bar Count | Number of samples used to calculate the trend/slope in the !LinRegrBuf indicator
  7. |Highest time range
  8. Signal Chart | Medium Time Frame
  9. Timing diagram |Minimum time range
  10. TP | Take Profit
  11. SL | Stop Loss
  12. Lot|Order Batch
  13. Slippage | Order slippage
  14. Magic number | Order magic number to track orders
  15. Kp | %Kperiod, random %K line period
  16. DP | %Dperiod, random %D line period
  17. SLW | Random slowdown value
  18. MTD | Stochastic MA method

More information:

  1. The new EA does not consume resources like the old EA, and now you can customize the time frame the EA can trade, as well as customize take profit and stop loss.
  2. To trade the daily, 4-hour and 1-hour timeframes, set the following:

    1. Trend chart=1440
    2. signal graph=240
    3. Timing diagram=60

  3. The EA is based on the following multi-timeframe trading concept: http://www.saxoeducation.com/Learnin...rames.aspx#4.1

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