Cidomo - MetaTrader 5 Expert | MT5 EA Download - MetaTrader 5 Resources

Idea from - Faisal Rahman

mq5 code author - Bara Bashkakon

EA transactions operate using Buy Stop and Sell Stop orders: in the " number of bars " range, the EA searches for the highest and lowest prices in the " working time range ". It then places the pending order at a distance equal to "indent from the high and low " from the highest and lowest price found. If you enable the " Use time control " option, pending orders will be placed no earlier than the specified time (" Start time " and " Start minute ").

Note: If you use " Start Minute ", it is recommended to run the EA on the M1 chart.

Check the high and low search " working time frame " when a new bar of TF appears, provided there are no open positions or pending orders.

When a pending order is triggered, all other orders (not yet triggered) will be deleted.

Start the EA with EURUSD, M1. Optimizable parameters: " Number of bars " (ranging from 3 to 15, step size 1) and " Working time range " (in the range of M1 to D1). Be the first to find good results:

Attachment download

📎 cidomo.mq5 (63.62 KB)

Source: MQL5 #23288

Cidomo - MetaTrader 5 Expert Pre-Using 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

This page is also optimized for English search intent around Cidomo - MetaTrader 5 Expert . Related search terms include: MQL4 source code, MQL5 source code. Test any Forex EA, Expert Advisor, MT4/MT5 indicator, script or MQL source code with historical data and a demo account before live trading.