Component EA - MetaTrader 5 Expert | MT5 EA Download - MetaTrader 5 Resources
Author of the idea : Screenwriter
MQL5 code author : Balabashka Kong
The EA waits for the opening time of the control bar to be equal to the start time . After that, a search for the highest and lowest price search depth bar from the current bar to the next bar is performed. Depending on the order type , the EA places a limit pending order or a stop-loss pending order.
You can use trading sessions to select control bar times:
Pending orders can be deleted in two situations:
Attachment download
📎 constituents_ea.mq5 (39.98 KB)
Source: MQL5 #22595
Component EA - MetaTrader 5 Expert | MT5 EA Download - MetaTrader 5 Resource Usage and Screening Suggestions
Component EA - MetaTrader 5 Expert | MT5 EA Download - MetaTrader 5 resources are MT5 EA related resources. 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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