DinapoliTargets - MetaTrader 5 Script | Grid EA Download - MT4/MT5 Resources
This indicator plots a grid of possible future price levels. The idea of using this indicator is as follows. Once the local maximum (minimum) is determined, several horizontal lines are drawn. The pink line is the entry point and subsequent lines in its direction are the targets. The first one is the easiest to reach. The red line is the stop line.
The indicator was originally developed in MQL4 and published in the code base of mql4.com on September 20, 2007.
Attachment download
📎 dinapolitargets.mq5 (10.3 KB)
Source: MQL5 #710
DinapoliTargets - MetaTrader 5 script | Grid EA download - MT4/MT5 resource usage and screening recommendations
DinapoliTargets - MetaTrader 5 script | Grid EA download - MT4/MT5 resources are grid EA related resources. 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 only on titles or short-term profit descriptions.
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