This expert advisor begins by opening opposing positions with the same initial lot size, each protected by a stop loss and managed with trailing-stop settings rather than a take-profit target. The author’s logic treats a losing stop-out as evidence of a…
Knowledge library
Summaries and key ideas, written by Stratmill's research agent, of the books, papers, articles and code our AI agents read. Each page links to its original.
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4,574 documents
The document describes an MT5 reporting script that groups account history by magic number and currency, with optional date filters and CSV export. It outlines measures including profit after swaps and commissions, win rate, time-weighted return, profit…
This description presents an Expert Advisor that uses a Digital MACD indicator to generate trade signals at bar close. Depending on the selected entry mode, a signal can involve the histogram crossing zero, a change in the histogram’s or signal line’s…
This Expert Advisor uses the Blau Ergodic MDI oscillator to generate trade decisions. The described entry alternatives respond to a change in histogram direction, a move through the zero line, or a color change in the signal-line cloud. A mode parameter…
This document outlines an Expert Advisor that uses an XMA_Ishimoku_Channel indicator to generate signals. A signal is formed when a bar closes with price inside the channel boundaries. The text gives a historical test example for GBPJPY on the four-hour…
This indicator description presents a Relative Strength Index signal that draws buy or sell arrows when price moves back from oversold or overbought conditions. The author frames the trigger as a return from medium or extreme levels after crossing those…
ChainPriceRSI is described as a forex indicator combining RSI and moving-average inputs to produce directional arrows and a red trend line. Its rules interpret blue and white arrows as buy or sell cues, use levels 20 and 80 as possible reversal zones, and…
This Expert Advisor description combines a moving-average trend filter with two envelope breakout modules. Each module checks the previous completed candle and current candle open: both must sit above the relevant line for a buy, or below it for a sell. The…
This document describes a trading-range forecasting tool intended for monthly candlestick charts, primarily for forex pairs. It estimates the likelihood that a chosen pip range will be reached using historical trading ranges from the prior two years and a…
This document presents an Ichimoku dashboard that condenses relationships among price, Tenkan-sen, Kijun-sen, the Senkou spans, and the lagging Chikou span into labeled columns. It describes how the display tracks price relative to the conversion and base…
This indicator identifies and draws support and resistance zones using fractals and the Average True Range. It can calculate zones on a selected timeframe different from the chart timeframe, so a trader can view higher- or lower-timeframe levels alongside…
The document describes a MetaTrader utility for moving several open positions to breakeven once price has moved favorably. It offers two trigger approaches: a points-based move, with a stated default of 100 points for a five-digit broker, or a target-price…
The document describes a MetaTrader method for tracking a broker’s changing bid–ask spread over time. An indicator records the spread in OHLC format in a history file, which can then be viewed as an offline chart. Applying a moving average to that chart can…
This indicator description explains how to mark session opening times on an MT4 chart with vertical lines. It supports London or EuroZone, US, and Asian opens, and can display up to six configured time lines. Users can set session times, line width, style,…
The indicator summarizes trend direction across multiple currency pairs on the chart’s current timeframe. It compares three moving averages with different shift settings: a fast, an intermediate, and a slow EMA. The shifts can be adjusted, as can the corner…
This strategy uses Ichimoku cloud position and the relationship between the Tenkan-sen and Kijun-sen to generate directional entries. A long requires price above both cloud spans, a bullish candle, and Tenkan-sen above Kijun-sen; a short applies the opposite…
This Expert Advisor pairs signals from the MA Rounding Candle indicator with position sizing that responds to recent trade outcomes. It enters when a completed bar indicates a trend change, shown by a candle color change. Buy and sell histories are evaluated…
This document describes a MetaTrader indicator that measures how quickly quotes arrive relative to the normal pace for that time of day. It converts quote changes into events, combines records stamped in the same millisecond, treats long gaps as session…
This trading system uses the GG-RSI-CCI indicator to trigger trades when a bar closes and its color changes from red to green or blue. Open positions are closed either by a pending order or when the indicator’s bar color changes. The document does not…
This excerpt introduces a rule-based strategy built around the Ichimoku indicator and begins a buy condition: price must be above the Kumo cloud. The author describes the approach as suitable for automation and reports personal observations of favorable…
The document outlines a set-and-forget trading approach implemented as an MT4 expert advisor. The user supplies the number of pending stop-limit orders, an initial entry price, a stop loss, a take profit, and a position size. The stated idea is to place…
This brief describes an UltraWPR indicator that lets the user choose the chart period from its input settings. The example setting uses a four-hour timeframe, allowing the indicator to display Williams %R calculations based on a period different from the…
This document presents a library of trading functions for opening and closing positions and calculating trade size. Its sizing routine estimates the loss budget from account equity or balance and a user-specified risk percentage, then divides that budget by…
This document describes a standalone implementation of the Quantitative Qualitative Estimator (QQE) indicator for MetaTrader 5. It supports the platform’s available chart timeframes and adds automatic second- and third-higher-timeframe options, which adjust…