Simple trading system - MetaTrader 5 script | Gold EA download - MT4/MT5 resources - MetaTrader 5 resources
Original author:
Vitaly Postorach
Semaphore signal indicator based on ideas from the "325 Golden Strategies" collection.
Strategic principles:
If all three conditions are met, then you should sell on the next day's open; for example, if Х=20 and Y=3, the 20-day closing average should be higher (buy) than the average calculated 3 days ago. To put it simply, the closing moving average on the 20th is rising. Next, today's closing price should be lower than the closing price 3 days ago. It helps determine whether a pullback is coming before entering the market.
Finally, the price should also be higher than 23 days ago (even if it is lower than 3 days ago). This way we can check the growth of the moving average. This method will work until a turn signal occurs or the market moves too far from where it was without a turn signal.
Figure 1. Simple trading system indicator
Attachment download
📎 simple_trading_system.mq5 (8.45 KB)
Source: MQL5 #12580
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