Beginner - MetaTrader 5 Expert | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
Expert Advisor developed by unknown author rewritten in MQL4 and originally published here https://www.mql5.com/en/code/8515 via collector .
The operation of Expert Advisor requires the use of Laguerre indicator.
Laguerre is equal to 0, MAA is moving upwards and CCI is below this level - buy signal. Laguerre is equal to 1, МА moves downwards, CCI is above this level - a sell signal.
The lot size for opening a position can be fixed or proportional to the available margin. If there is a loss on the trade, the position size may be reduced.
When Laguerre moves in the opposite direction, the position is closed. Buy positions are closed with values greater than 0.9, and sell positions are closed with values less than 0.1.
Stop loss and take profit can be set for open positions. Positions can be closed when a set loss or profit is reached, rather than actual stop loss and take profit.
The following graph shows the performance of the Expert Advisor in the visual mode of the strategy tester.
Attachment download
📎 starter.mq5 (16.33 KB)
Source: MQL5 #1087
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