Average Penetration Rate - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources - MetaTrader 5 Resources
As stated by Markos Katsanos and his article in the June 2018 edition of Technical Analysis of Stocks and Commodities magazine.
Additional options for penetration criteria (initially only using close prices, in this version you can also choose to use high/low). Additionally, instead of just using a simple moving average, averaging operations can be done using one of 4 average types:
Attachment download
📎average_penetration.mq5 (13.35 KB)
Source: MQL5 #21904
Average Penetration Rate - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
Average Penetration Rate - MetaTrader 5 Script | Trading Script Download - MT4/MT5 resources are trading script 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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