Determine a box according to the trend period (parameter). The larger the period, the larger the box. If the current price - box bottom > trend spacing (parameter), the current trend is up; If box top - current price > trend spacing (parameter), the current trend is down.
The trend is established, the next step is to determine overbought and oversold. Uptrend, and oversold, long; Downtrend, and overbought, short.
Overbought and oversold are determined by the oscillation parameters. Shock period (parameter) control the number of K lines detected; Oscillation spacing (parameter) controls the oscillation size; Shock level (parameter) controls the opening level.
Positions can be closed based on overbought and oversold levels or on profit points.
Timeframe: M15
Base currency pairs: EURUSD,GBPUSD,GBPJPY,USDJPY,XAGUSD,GBPAUD
LIVE Signals:
https://www.mql5.com/en/signals/1424098?source=Site+Signals+My
T elegram : https://t.me/joinchat/IXWIkBrWHVoGILEC08BUEA
parameter:
- Introduce- Introduction
- Version- Version number
- CompatibleSymbol- Applicable species
- CompatibleTimeframe- Period of application
- Basic- Basic settings
- BasicEquity- NET reference value
- Lots- The net value adapts to the number of hands
- InitLots- Number of open positions
- Spread- Spread
- PointX- The ratio of a large point to a small point
- TrendJud- To judge (a trend)
- TrendGap- Trend spacing (number of points)
- TrendPeriod- Trend cycle (the number of lines in the K-line)
- OscJud- Concussion (call back)
- OSCGap- Oscillation interval (number of points)
- OSCPeriod- Period of oscillation (number of k-lines)
- EnterJud- Enter
- OSCLevel- Open position level (callback position)
- ExitJud- Timing
- SLPeriod- Stop period (the number of K lines to be judged)
- DirectCloseLevel- Direct closing level
- ProfitPoint- Profit closing points
- MinSL- Minimum Stop Point
- MaxSL- Maximum Stop Point
- Time_Filter- Trading time
- TimeDes- Time setting instructions
- StartHour- Start trading (hours)
- StartMinute- Start to open (min)
- StopHour- Stop opening (hour)
- StopMinute- Stop open (min)
- FridayProhibitStartHour- Stop opening on Friday (hour)
- FridayProhibitStartMinute- Stop opening on Friday (min)
- ColorFlage- color code
- LongColor- Purchase Order Color
- ShortColor- Empty single color
- OtherFlage- Other Settings
- MAGIC- Order identification
- Author- The order comments
Suggest :
Symbol EURUSD Timeframe M1 Settings Default or set files Brokers Broker with low spread and commission, ecn, Minimum Deposit 100 usd 0.01lots
