DeMarker TBD - MetaTrader 5 Expert | Forex Indicator Download - MT4/MT5 Resources
The "DeMarker" indicator is processed using pending orders ("Limit" for "Stop Loss"). The signal is only checked when a new bar is born.
You can enable/disable ' Stop Loss ', ' Take Profit ', ' Trailing '. The ' Trailing activate if profit >= ' parameter has been added to Trailing - this is the analogue of Breakeven: classic Trailing is activated as soon as the position reaches the specified level (in pips).
Pending orders are placed at distance ' pending:indent ' from the current price. If the current spread is greater than the specified spread (' Pending: Maximum Spread ("0"->Close) ' - the signal is removed and no pending order is placed. All positions will be closed and all pending orders will be deleted if the target profit (currency)' Target Profit, in currency ("0"->Close) ' is reached.
Figure 1. Demark pending
Attachment download
📎 demarker_pending.mq5 (133.82 KB)
Source: MQL5 #39334
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