Breadandbutter2 - MetaTrader 5 Expert | Forex Indicators Download - MT4/MT5 Resources

Author of the idea : Screenwriter

MQL5 code author : Balabashka Kong

This EA is based on the iADX (Average Directional Movement Index, ADX) and iAMA (Adaptive Moving Average, AMA) indicators. The EA only runs when a new bar appears. When a trading signal is received, the opposite position is closed.

The search for the best parameters for the symbol and time frame should be done in two ways:

Manual - Edit the "<">" characteristics in the signal equation:

 if (adx_0 < adx_1 && ama_0 > ama_1)
    {
      Close position( POITION_TYPE_SELL );
Double sl=(Inp stop loss == 0 )? 0.0 :m_symbol. ask ()-ExtStopLoss;
if (sl>= m_symbol.bid ()) // Event: The position has not been opened yet and must have been closed {
        Previous article = 0 ;
return ;
        }
Double tp=(InpTakeProfit== 0 )? 0.0 :m_symbol. ask ()+ExtTakeProfit;
      OpenBuy(sl,tp);
return ;
    }

if (adx_0 > adx_1 && ama_0 < ama_1)
    {
      Close position( POITION_TYPE_BUY );
Double sl=(Inp stop loss == 0 )? 0.0 :m_symbol. Bid ()+ExternalStop;
if (sl<= m_symbol.ask ()) // Event: The position has not been opened yet and must have been closed {
        Previous article = 0 ;
return ;
        }
Double tp=(InpTakeProfit== 0 )? 0.0 :m_symbol. bid ()-ExtTakeProfit;
      OpenSell(sl,tp);
return ;
    }

Automatic - selection of Stop Loss, Take Profit and AMA indicator horizontal movement:

Attachment download

📎 breadandbutter2.mq5 (32.66 KB)

Source: MQL5 #22003