The author of the idea: shevss
MQL5 code author: barabashkakvn
The EA uses iAO (Awesome Oscillator, AO) and RAVI (Range Action Verification Index) indicators. The robot works only when a new bar appears. It handles a single position, therefore it may work both with hedging and netting accounts.
Position open signals:
- Buy: AO на баре #2 < 0.0 AND RAVI on bar #2 < 0.0 AND AO on bar #1 > 0.0 AND RAVI on bar #1 > 0.0
- Sell: AO on bar #2 > 0.0 AND RAVI on bar #2 > 0.0 AND AO on bar #1 < 0.0 AND RAVI on bar #1 < 0.0
Positions are opened with the volume equal to Lots. To disable any of the parameters: stop loss (Stop Loss), take profit (Take Profit) or trailing (Trailing Stop), assign the value of "0.0" to the parameter.
The remaining parameters are RAVI ones.
EURUSD, M30: