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elder - Expert for MetaTrader 4

elder
TypeExperts PlatformMT4 Version10 Date created27 February 2016 Date updated19 August 2017
Formatmq4 Size15.3Kb Downloads289 Rating
3.6 of 5
based on 85 rates

This Expert Advisor works on the algorithm of "three screens". That is, if the hourly chart of MACD tracks growth, it is a signal to find an opportunity to buy, if you see a drop - then we are looking for an opportunity to sell.

It is best to look at the options for buying/selling on a chart with a 15-minute timeframe, where there is a stochastic, strength index, and ADX. In the event that two of them give a signal - you can go to the third screen.

The third screen is needed in order to put the deferral on the purchase above the high of the previous bar, or the deferral for sale below the previous bar's low.

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