PriceChannel_Signal_v2 EA - MetaTrader 5 Expert - MT4/MT5 Resources

trading strategy

The custom indicator "PriceChannel_Signal_v2" ( I took the indicator here ) generates multiple signals: two types of "buy" signals for opening a position, two types of "sell" signals for opening a position, one "buy" signal for closing a position and one "sell" signal for closing a position. No stop loss, no take profit, no tracking.

Example of opening a position:

rice. 1. PriceChannel_Signal_v2 EA

Now take a closer look at each set of parameters:

Transaction settings:

' Working time range ' - Working time range. Time range for creating the indicator and searching for new bars.

Position size management (lot calculation)

The lot can be permanent (' Money Management ' is set to ' Constant Lots ' and lot size is set to ' Value of 'Money Management' ') and dynamic - risk percentage per trade (' Money Management ' is set to ' Trade Risk Percent ' and set risk percentage in 'Value of 'Money Management' '). You can also set a constant lot size equal to the minimum lot size - ' Money Management ' is set to ' Min Lot Size '.

Additional features:

Flag ' Positions: Only 1 ' set to ' True ' allows the EA to hold no more than one position on the market. ' Print log ' Prints an extended log of all operations.

Attachment download

📎 pricechannel_signal_v2_ea.mq5 (84.85 KB)

📎 pricechannel_signal_v2.mq5 (33.34 KB)

Source: MQL5 #39012