Standard-Deviation-Expert
18 $
13 $
This code is an Expert Advisor (EA) for the MetaTrader trading platform, which uses the standard deviation as part of its trading strategy. This EA aims to manage positions dynamically with a trailing stop and allows for adjustable stop loss, take profit, and lot size settings. It uses standard deviation to measure volatility and momentum to determine entry points.
Standard Deviation Expert Advisor, Forex trading apps
External Parameters
- TakeProfit: Take profit level in points (default: 0, which means no take profit).
- Lots: Lot size for each trade (default: 0.1).
- StopLoss: Stop loss level in points (default: 300).
- TrailingStart: The point at which trailing stop begins (default: 45).
- TrailingStep: The trailing stop step (default: 40).
- Period: Period for calculating the standard deviation (default: 14).
- MagicNumber: A unique identifier for orders opened by this EA.
- CountHistory: History length used to determine momentum (default: 10).
Trading Strategy
Buy Signal: When the current standard deviation (st1) is greater than the previous standard deviation (st2) and the momentum score indicates a potential buy.
Sell Signal: When the current standard deviation (st1) is less than the previous standard deviation (st2) and the momentum score indicates a potential sell.
Features
This Expert Advisor manages positions dynamically with a trailing stop and allows for adjustable stop loss, take profit, and lot size settings. It uses standard deviation to measure volatility and momentum to determine entry points.
| Version | 1.00 |
|---|---|
| Type | Expert Advisor |
| Compatibility | MT4 |
| Trading Hours | All Times |
| Custom Inputs | Lots, Trailing, Stop Loss, Take Profit, ECN |
| Timeframes | M1 and M5 |
| Strategy Type | Scalping,Trend Following |
| Supported Pairs | ALL |
| Risk Management | Auto stop at high loss, Trailing Stop |
| Outputs | Automatic Buy/Sell |
