Another version of AutoEnvelope - MetaTrader 4 script - MT4/MT5 resource
Another version of AutoEnvelope according to the following format described by Dr. Alexander Elder in your book How to Profit, Cut Losses and Benefit from Price Declines.
Attachment download
📎 my-envelope.mq4 (2.45 KB)
Source: MQL5 #10261
Another version of AutoEnvelope - MetaTrader 4 script usage and filtering recommendations
Another version of AutoEnvelope - MetaTrader 4 script belongs to the resources related to trading scripts. 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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