This script sets a stop loss for each open position so that a hit would produce an approximate loss equal to a specified amount in the account’s currency. It is intended to work across deposit currencies and forex symbols by using the platform’s loss tick…
Knowledge library
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4,574 documents
The document describes a trading framework built around an expert advisor with modules for price and tick pressure, recurring flow patterns, weighted volume delta, candle forecasts, volatility-adjusted thresholds, tick activity, historical forecast accuracy,…
The OzFx description combines the Stochastic Oscillator with the Accelerator Oscillator to generate entry signals. A buy requires the Stochastic reading on the latest completed bar to exceed a chosen level, while the Accelerator reading rises from below zero…
The document briefly introduces BBMA, a trading approach that combines Bollinger Bands with moving averages to identify potential trading opportunities. It attributes the strategy to Malaysian trader Oma Ally and says it is intended to support entries,…
This short description introduces a MetaTrader 5 semaphore indicator that signals when the J2JMA moving average changes direction. The indicator relies on the CJJMA class from an external smoothing-algorithm library, which must be available in the terminal’s…
The Range Factor is presented as a confirmation indicator for forex systems. It compares short and longer moving averages of closing prices, scales their difference using average true range, and applies a bounded transformation to produce a value. The…
This MetaTrader 5 expert advisor generates trades when a bar closes with a newly appearing colored arrow from the ForecastOscilator semaphore indicator. It requires the compiled indicator file in the terminal's Indicators folder. The description also notes a…
This document outlines an Expert Advisor that trades signals from the CronexCCI oscillator. It generates a signal when a bar closes and the indicator cloud changes color. The EA requires the compiled CronexCCI indicator file, and a supporting library is…
This indicator displays an inverted view of the current instrument's chart, showing Ask and Bid price levels as colored bars in a separate window. Its settings let users independently show or hide each side, choose colors and line styles, and set the…
This document describes an Expert Advisor that trades signals from the ColorBears indicator. It generates a signal when a bar closes and the indicator histogram changes color, making the strategy depend on confirmed bar-close changes rather than intrabar…
This document describes an external Expert Advisor intended to estimate broker commissions during MetaTrader 5 strategy tests when the platform’s built-in commission feature does not produce the desired result. It says the tool supports market, limit,…
The Expert Advisor trades reversals in the direction of the ColorHMA moving average. It checks for a direction change when a bar closes, then uses that change to generate a trading signal. The document describes the signal rule but gives little detail about…
The document describes an expert advisor that tracks open-order profit and applies a virtual trailing stop. The stop level is calculated from a per-minimum-lot profit allowance, scaled according to the order’s lot size. For example, the stated settings leave…
Dual Thrust is a breakout method that sets daily entry thresholds from recent price extremes. It calculates the highest high and close, and the lowest low and close over a lookback window, then takes the larger of two cross-range measurements. Multiplying…
This document explains a chart indicator that marks trend direction with colored dots: blue indicates bullish conditions and red indicates bearish conditions. Its calculation uses the cosine of price-change angle and obtains input prices through a…
The document describes an Expert Advisor that trades from changes in the NonLagDot indicator’s color. A signal is acted on when a bar closes and the indicator changes color, so the rule is based on a confirmed bar rather than an intrabar change. The advisor…
The document describes a chart utility that retrieves and overlays the US Dollar Index on another instrument's chart. Its stated purpose is to help traders compare price movements across instruments such as EUR/USD, GBP/USD, and gold without switching…
FMOneEA is a MetaTrader 4 expert advisor whose documented settings cover trading timeframe, lot sizing, profit targets, stop losses, trailing controls, and handling losing orders. Earlier versions used ZigZag and MACD signals on an hourly chart; a later…
This brief description presents an Expert Advisor that uses three time frames to identify a trend and trades the open candle price. It lists support for major forex pairs and NASDAQ stocks, along with configurable stop losses, take profits, trailing stops,…
This MetaTrader Expert Advisor uses signals from the Karpenko oscillator. It opens a signal when a bar closes and the indicator cloud changes color, making the cloud transition the described entry trigger. The EA is presented for GBPUSD on a four-hour chart,…
This chart indicator estimates the Average Daily Range (ADR) while excluding Sunday bars, which can have shortened or irregular sessions. It tracks the current day's high and low, compares the day's range with the ADR, and displays the remaining distance in…
The described expert advisor uses no indicators. At the start of a new bar, it opens two positions in opposite directions and then waits until both positions close through their stop-loss or take-profit levels before opening another pair. The approach relies…
The indicator estimates relative strength for eight major currencies from a basket of seven currency pairs: AUD/USD, EUR/USD, GBP/USD, NZD/USD, USD/CAD, USD/CHF, and USD/JPY. It displays all currency indices in one chart window, with each index expressed as…
The document describes an Expert Advisor that trades signals from a Hans indicator cloud system. A signal is generated when a bar closes after breaking through a channel, so the stated entry trigger depends on a completed bar rather than an intrabar move.…