Russian20-hp1 - MetaTrader 5 Expert | Forex Indicators Download - MT4/MT5 Resources

Idea comes from : screenwriter

MQL5 code author : Balabashka Kong

EA trading is based on the trend indicators iMA (Moving Average, MA) and iMomentum oscillator (Momentum). It works on every tick ( do every tick =" true ") and only when a new bar appears ( do every tick =" wrong ").

This working timeframe parameter refers to the timeframe in which the indicator is created and uses bar closing prices.

For buy and sell positions, you can set stop-loss ( buy-stop , sell-stop ) and take-profit ( buy-profit, sell-profit ) respectively. If you want to disable any of these options, set the appropriate parameter to "0.0".

If there are no open positions, you can check the opening signal:

When there is an open position, check the possibility of closing it:

Optimization results are done for every tick and working time frame EURUSD is provided as default EA parameters. Results of testing EURUSD using default parameters:

Attachment download

📎 russian20-hp1.mq5 (35.34 KB)

Source: MQL5 #21852