rs i dual cloud ea

Related: xander gold recovery: keltner channel and dual ema strategy - another powerful expert for MetaTrader 5 traders.

Also recommended: ks fair value gap ea with regime detection and dual sl/tp modes - similar expert with strong performance on MetaTrader 5.

trading strategy
the ea uses a custom indicator ''. the ea uses four types of signals:

entrance to the zone

being in the zone

leaving the zone

lines crossing
for 'buy' signals, the zone is formed below the level '
rsi fast and slow: level down
', and for 'sell' - '
rsi fast and slow: level up
'.
rice. 1. rsi dual cloud ea
now more about the parameter groups
"trading settings"
the expert advisor can be optimized by the '
working timeframe
' parameter - the timeframe used for the '
bar #1 (on a new bar)
' mode. '
stop loss (sl)
' and '
take profit (tp)
' are in points, to disable any of these options - set it to '0'. the modes for trailing and searching for signals ('
trailing on ...
' and '
search signals on ...
') can be of two types: '
bar #0 (at every tick)
' - work on every tick and '
bar #1 (on a new bar)
' - work only when a new bar is born. '
maximum number of positions
' limits the maximum number of simultaneously open positions, and '
minimum step of positions
' sets (in points) the minimum distance between positions, it doesn't matter what type of position and relative position (higher or lower).
"
signals
"
four types of signals from a custom indicator. any signal can be enabled/disabled.
"
trailing
"
in the '
trailing
' section, all three parameters are in points. trailing works only for a profitable position! '
trailing activate if profit is >=
' - this is an analog of breakeven, is set in points. to disable trailing set the '
trailing stop
' parameter to '0'.
"
position size management (lot calculation)
"
the lot can be either permanent ('
money management
' set to '
constant lot
' and set the lot size to '
the value for "money management"
') and dynamic - in percent risk per trade ('
money management
' set to '
risk in percent for a deal
' and set the risk percentage in '
the value for "money management"
'). you can also set a constant lot equal to the minimum lot - '
money management
' set to '
lots min
'.
"
trade mode
"
restriction in which direction to trade. can take the values '
allowed only buy positions
', '
allowed only sell positions
' and '
allowed buy and sell positions
'
"
time control
"
this section sets the time range for searching for trading signals. the time range is enabled via '
use time control
' and sets the time interval for searching for signals from '
start hour
'::'
start minute
' to '
end hour
'::'
end minute
'. the time range can be set both within the day and with the transition through the day. does not affect trailing.
"
additional features
"
flag '
positions: only one
' set to '
true
' allows the ea to have no more than one position in the market.
warning: '
positions: only one
' set to '
true
' does not override '
positions: close opposite
' set to '
true
'! in other words: the opposite position(s) will be closed first
the flag '
positions: reverse
' is responsible for signal reversal. an interesting flag '
positions: close opposite
' - when set to '
true
' before opening a position, it is guaranteed to remove opposite positions. '
print log
' prints an extended log of all operations. the '
freeze and stopslevels coefficient
' parameter sets the coefficient for stop and freeze levels for cases when these levels for a symbol are equal to zero. the recommended value is '3'.

You may also like: dual trix expert advisor - excellent alternative for expert users on MetaTrader 5.

яю//+------------------------------------------------------------------+
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version   "1.001"
#property description "Educational code - RobotFX www.robotfx.org"
#property description "Educational code - RobotFX www.robotfx.org"
#include <Trade\PositionInfo.mqh>
#include <Trade\Trade.mqh>
#include <Trade\SymbolInfo.mqh>
#include <Trade\AccountInfo.mqh>

.......

• This tool is provided for educational and testing purposes only.
• Past performance does not guarantee future results.
• Trading involves substantial risk of loss. Use on a demo account first.
• Results may vary depending on market conditions, broker, and settings.
• We recommend thorough backtesting and forward testing before using with real funds.