An EA based on technical indicators:
- iADX (Average Directional Movement Index, ADX) for the movement strength direction.
- iMACD (Moving Average Convergence/Divergence, MACD) for identifying the movement direction;
Transactions are made when the basic and signal MACD lines move upwards (for buying) and downwards (for selling). In this case, the indicators must be in the same direction at a certain number of bars: For ADX, it is ADX: bars interval; for MACD, it is MACD: bars interval.
In both cases, the main ADX line must move upwards and be above the value of 20 (ADX: minimum).
Closing a half of the position lot size (Take half the profit) and trailing have been realized.
Please note parameter Take half the profit. If you set Take half the profit for true, then the Take Profit of the position will not be placed (if even Take Profit is set for above zero). Instead, Take Profit will work as a step to take half of the profit. The picture below demonstrates well how to Take half the profit works:
Taking half of the profit works only once. Then the position will be closed by triggering the Stop Loss.
MT5 Indicators – Download Instructions
ADX MACD Deev MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.
ADX MACD Deev MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT5 Strategies
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How to install ADX MACD Deev MT5 Indicator.mq5 to your MetaTrader 5 Chart?
- Download ADX MACD Deev MT5 Indicator.mq5
- Copy ADX MACD Deev MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your mt5 indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on ADX MACD Deev MT5 Indicator.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator ADX MACD Deev MT5 Indicator.mq4 is available on your Chart
How to remove ADX MACD Deev MT5 Indicator.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader 5 Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
ADX MACD Deev MT5 Indicator (Free Download)
Click here below to download:
La entrada ADX MACD Deev MT5 Indicator se publicó primero en ForexMT4Indicators.com.