Open with breakout of MA - MetaTrader 4 script | Forex indicator download - MT4/MT5 resources
This indicator shows when a position is opened.
If it breaks above moving average 5 line its time to buy and break below sell... and break more moving average 20 that more strong buy and sell.
Stop loss when MA 5 is hit again and reverses;
Attachment download
📎 open_position_ma.mq4 (4.56 KB)
Source: MQL5 #12131
Open with a breakout of MA - MetaTrader 4 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Open with a breakout of MA - MetaTrader 4 script | Forex indicator download - MT4/MT5 resources are resources related to foreign exchange indicators. 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 on titles or short-term profit descriptions.
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