Idea by jirimac
mq5 code author - barabashkakvn
The Expert Advisor is based on the RSI Custom Smoothing indicator. Regression is calculated before a signal is generated.
The EA can apply one of the following three trailing types:
- ... by Pips Mode - regular trailing stop
- ... by Highest/Lowest of Range of Bars - Stop Loss is calculated as the highest/lowest of all values within N bars
- ... by High/Low of Bar x - Stop Loss is calculated as the highest/lowest price of the Nth bar
Similarly, you can choose between three Stop Loss and Take Profit options:
- ... by Pips Mode - regular Stop Loss and Take Profit
- ... by Highest/Lowest of Range of Bars - Stop Loss and Take Profit calculated as the highest/lowest of all values within N bars
- ... by High/Low of Bar x - Stop Loss and Take Profit calculated as the highest/lowest price of the Nth bar