iMA iStdDev - MetaTrader 5 Expert | Forex Indicators Download - MT4/MT5 Resources

Idea from: Sergei Deev

mq5 code: Barabashkakon

The EA trades based on two indicators iMA (Moving Average) and one indicator iStdDev (Standard Deviation, StdDev). It does not involve stop loss, take profit or trailing stop loss. As soon as an opposite signal is received, the position will be closed.

Sales transaction sample. situation:

1) Fast iMA ( fast horse ) is lower than slow iMA ( normal master );

2) The previous candle was bearish and closed below the fast iMA ( Quick Horse ); and

3) The iStdDev indicator moves upward and crosses a predetermined level.

Positions can be opened in one direction without restrictions. However, if a contrary signal is received, these positions will be closed.

Attachment download

📎 ima_istddev.mq5 (64.76 KB)

Source: MQL5 #23434

iMA iStdDev - MetaTrader 5 Expert Pre-Use Tips

This page has been supplemented with structured instructions, focusing on the purpose of EA source code, MQL4/MQL5 platform compatibility, testing process and risk control. Before downloading or deploying, it is recommended to first determine whether it is consistent with your own variety, cycle and account environment.

Suitable for who to use

• Users who want to quickly screen EA source code and are willing to do simulation disk verification first.
• People who need to compare MT4/MT5 EAs, indicators, scripts or source code projects.
• Traders who wish to record backtests, parameters and risk boundaries before placing a trade.

Testing and risk control suggestions

• First verify the default parameters in the strategy tester or demo account, and then adjust the symbol, period, spread and trading period one by one.
• Scalping, grid, martin, and high-frequency strategies should focus on observing maximum drawdowns, consecutive losses, slippage, and trading frequency.
• It is not recommended to run any document directly on the real disk. At least observe the simulated disk performance for 2-4 weeks first.

FAQ

Can MT4 and MT5 be used interchangeably?
Usually cannot be used directly. EX4/MQ4 corresponds to MT4, EX5/MQ5 corresponds to MT5, and the source code needs to be compiled in the corresponding MetaEditor.

Is this resource guaranteed to be profitable?
cannot. EAs, indicators and scripts can only be used as trading tools, and the results depend on parameters, market environment, spreads, slippage and risk control.

What else can I continue to watch?
Forex EA download , foreign exchange indicator download , EA evaluation , MQL5 CodeBase .

English Search Notes

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