PLC (Penetration of the Last Candle) - MetaTrader 5 Expert | MT5 EA Download - MetaTrader 5 Resources
Idea from : Vyacheslav Barbakov .
MQL5 code by : Vladimir Karputov .
Trade the direction of the price movement with pending buy stop and sell stop orders on the 5-minute time frame.
At the beginning of the cycle, the next pending order, whose 0.01 lot (minimum lot size) is higher than the highest price of the previous candlestick and lower than the lowest price of the previous candlestick, is the shift OHLC .
The next Buy Stop/Sell Stop order can be placed above and below the Buy/Sell position (by change of position ), respectively.
After minimum profit is reached, all positions are removed.
When fractals are broken out on the 5-minute and 60-minute time frames, you can place orders with double and quadruple volumes (parameters Lot Increase Fractals M5 and Lot Increase Fractals H1 ).
No stop loss/take profit levels are specified.
M5 “Every tick” mode test results from January 16, 2017 to May 1, 2018
When using this strategy, you should be aware that there may be two relatively profitable periods:
and completely lost:
Attachment download
📎 plc.mq5 (43.71 KB)
Source: MQL5 #20668
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