NO.10 Free EA for MT5 Using Average True Range #FX Automatic Trading

NO.10 Free EA for MT5 Using Average True Range #FX Automatic Trading

Average True Range

basic specifications

After fixing the time axis, calculate the Average True Range and
If the value is ATR_High_Level or higher, sell.
If the value is ATR_Low_Level or less, buy.

If you have a position,
If the index reverses
After closing the position
Get the opposite position.

InPut input value setting (variable name initial value explanation)

“Average True Range”
ATR_period = PERIOD_CURRENT; // Target time axis
ATR_period_kikan = 14; // Calculation period
ATR_High_Level = 0.07; // Trade threshold High
ATR_Low_Level = 0.12; // Trade threshold Low

//Profit ant Stop loss setting
//When ordering
TP_Bairitu = 0; //Profit when ordering : 0 = Not set, Other than= Rate from current price >> Example: 0.005
SL_Bairitu = 0; //Profit when ordering : 0 = Not set, Other than= Rate from current price >> Example: 0.005
//At the time of tick
TP_kin = 100; //tick time Profit : 0 = not set, Other than = Fixed value >> Example: 100
SL_kin = -100; //tick time Stop loss : 0 = not set, Other than = Fixed value >> Example: -100(Negative value)

//lot and magic number
input double Fix_Lot = 0.01; //Order lot
input ulong MagicNumberA = 123456789; //magic number
input bool log_out = 0; //output the log
input bool DamiDami = 0; //Dummy setting for optimizing invalidity

supplementary explanation

TP_Bairitu and SL_Bairitu are set when the position is acquired.
If it is 0, there is none.
If 0.01, the current price is
If it is 100 yen, the profit will be 101 (100 + 100 * 0.01).
The stop loss is 99 (100-100 * 0.01).

Enter fixed values ​​for TP_kin and SL_kin. Judgment is made for each Tick.
If you enter TP_kin as 1000, it will be settled when the profit and loss becomes 1000 or more.
If you enter -100 in SL_kin, the profit and loss will be settled when it exceeds -100.
Enter a negative value for SL_kin.

Download this EA.
iATR_20211010.mq5
iATR_20211010.ex5

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