EA Order Block
This ES development to work on XAUUSD, XAUEUR respectively, works with accurate indicators for accurate entries, designed for both MT4 and MT5.
This EA combines several technical indicators to generate trading signals, with additional options for risk management and customization.
Estrategia:
Indicators used:
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RSI (Relative Strength Index)
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Bollinger Bands
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MACD (Moving Average Convergence Divergence)
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Pivot Points
Risk low:
Risk management:
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Calculates lot size based on a risk percentage of the account balance.
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Allows setting manual or automatic Stop Loss and Take Profit.
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Includes a Trailing Stop option.
Logic:
Trading logic:
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Buy signal: RSI < 30, price below lower Bollinger Band, MACD histogram > 0, and price below Support 1.
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Sell signal: RSI > 70, price above upper Bollinger Band, MACD histogram < 0, and price above Resistance 1.
Additional:
Additional features:
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Option to reverse trading signals (ReverseTrader).
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Limit on maximum number of open trades.
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Minimum distance between trades.
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Option to close opposite trades when opening a new one.
Customization;
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Customization:
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Allows selecting the timeframe for operations.
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Various input parameters to adjust indicators and trading logic.
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Security:
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Includes an expiration date and an account number locking system.
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