Ilan based on indicator iMA (Moving Average, MA)

Signal BUY, signal SELL:

      if(ma[0]<ma[1] && ma[1]<ma[2] && ma[2]<ma[3]) // trend down
        {
         if(m_symbol.Bid()>ma[0])
            m_need_open_sell=true;
        }
      else if(ma[0]>ma[1] && ma[1]>ma[2] && ma[2]>ma[3]) // trend up
        {
         if(m_symbol.Ask()<ma[0])
            m_need_open_buy=true;
        }

If the position is losing at at least Step pips (1.00045-1.00055=1 pips), a new position will be opened in the same direction as that losing position. The new position will be opened with a larger lot size. The new reference lot size cannot exceed the predefined value of Lot maximum.

If there are several positions, we are waiting until their total profit is equal to or exceeds Profit minimum. As soon as such a situation is caught, we will close all positions.

We always work with the positions of only one direction. In case of both BUY and SELL positions opened, this is considered to be an erroneous situation, and the measures will be taken to close unnecessary positions.

How the volume of positions is increased: If there are more than only one position, the highest volume will be detected; the highest volume found shall be multiplied by the lot-size factor Lot exponent. Why is it done this way – by searching for the highest volume? The matter is that the price may sometimes move in a wrong direction, and some positions are opened with the minimum step – Step. In the picture below, the latest volume is equal to 0.34 lots. Suppose the price reverses in the desired direction and the position of 0.34 lots is closed by Take Profit. Logically, if the price moves again against us, we will increase 0.21 * Lot exponent. Thus, we escape overloading the deposit.

MT5 Indicators – Download Instructions

Ilan iMA MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.

Ilan iMA 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 Ilan iMA MT5 Indicator.mq5 to your MetaTrader 5 Chart?

• Download Ilan iMA MT5 Indicator.mq5
• Copy Ilan iMA 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 Ilan iMA MT5 Indicator.mq5
• Attach to a chart
• Modify settings or press ok
• Indicator Ilan iMA MT5 Indicator.mq4 is available on your Chart

How to remove Ilan iMA 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

Ilan iMA MT5 Indicator (Free Download)

Click here below to download:

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La entrada Ilan iMA MT5 Indicator se publicó primero en ForexMT4Indicators.com.