Doji Arrows – expert for MetaTrader 5

  • A+

Idea by: Scriptor.

MQL5 code by: Vladimir Karputov.

The EA trades by the Doji pattern:

Doji Arrows - expert for MetaTrader 5

At the same time, you can set the candlestick body size in the "Size of a body of a candle (Open Close)" parameter.

Operation algorithm

The EA analyzes bar #2 and bar #1 when a new bar appears. If bar #2 is Doji, then the following signals are checked:

  • close#1 > high#2 → signal for opening a BUY;
  • close#1 < low#2 → signal for opening a SELL.

Inputs

  • Lots (if "0" → the parameter "Risk" will be used) - a lot value that is set manually. If you set to "0", then the parameter of "Risk" will work, i.e., risk in percents of free margin per a trade;
  • Stop Loss (in pips) - Stop Loss; if you set it to "0", the parameter will be disabled;
  • Take Profit (in pips) - Take Profit; if you set it to "0", the parameter will be disabled;
  • Trailing Stop (in pips) - trailing, if you set it to "0", the parameter will be disabled;
  • Trailing Step (in pips) - trailing step;
  • Risk (if "0" → the parameter "Lots" will be used) - risk in percents of free margin per trade;
  • Size of a candle (Open Close) - candlestick body size;
  • magic number - unique identifier for the EA.

If "Size of a candle" = 0, then there will be just a few trades (about 15-30) on H1 over the year, and profitability as follows:

Doji Arrows - expert for MetaTrader 5

If you set this parameter to 1, then the number of trades will increase tenfold, and the profit will be distributed as follows:

Doji Arrows - expert for MetaTrader 5

Comment

:?: :razz: :sad: :evil: :!: :smile: :oops: :grin: :eek: :shock: :???: :cool: :lol: :mad: :twisted: :roll: :wink: :idea: :arrow: :neutral: :cry: :mrgreen: