Gordago EA - MetaTrader 5 Expert | Forex Indicators Download - MT4/MT5 Resources

Author of the idea : Screenwriter

MQL5 code author : Balabashka Kong

This EA is based on iMACD (Moving Average Convergence/Divergence, MACD) and iStochastic (Stochastic Oscillator). The robot only works when a new bar appears, while the tracking works on every price change.

When defining a trading signal, the levels of the stochastic indicator are also checked:

The complete equation for a buy signal:

(MACD #0 > MACD #1) and (MACD #1 < 0.0) and ( Random #0 < Random Level Buy) and ( Random #0 > Random #1)

The complete equation for a sell signal:

(MACD #0 < MACD #1) and (MACD #1 > 0.0) and ( Random #0 > Random Level Sell) and ( Random #0 < Random #1)

Optimization parameters:

You can use OHLC mode for faster optimization, but make sure to test in "Every quote" or "Every quote based on real quotes" mode afterwards.

After optimization for USDJPY (these parameters are included in the EA as default parameters):

Attachment download

📎 gordago_ea.mq5 (47.07 KB)

Source: MQL5 #21878