If (A OR B OR C OR D) then OUT (output button) is true Figure 9. Technical Indicators Boxes There are many listed under the Technical Indicators menu such as the and (MA) technical indicator boxes The MACD technical indicator box Figure 10. MACD technical indicator box The MA (Moving Average) technical indicator box Figure 11. MA (Moving Average) technical indicator box 6.
Custom Indicators Custom Indicators tools are available at the Custom Indicators Menu and the Toolbar. EA Tree uses only MQL5 custom indicators. MQL5 Functions EA Tree has many boxes for MQL5 functions including: • Time Series Boxes such as iOpen, iClose, HighestHigh, LowestLow, etc. • Conversion Functions; • Math Functions; • String Functions. Tutorial: Creating a simple Expert Advisor In this section, let us use some of the tools covered in this article to create a simple EA.
First, let us list the Expert Advisor trade rules. Entry Rules: Open Long: • Current main > current signal and • P revious main previous Open Short: • C urrent main previous MACD signal and • C urrent. • Current main > current signal and • P revious main previous Figure 15. Trade box + And box + Crossover box + MACD box + MA box + If-else box 5.
Create another And box and connect its output button to the openShort button of the trade box. Since the openShort logic is the opposite of that of the openLong, connect the F output button of the Crossover box to the A button of the new And box. Also, connect the F output button of the If-Else box to the B button of the new And box: Figure 16.
Forex Generator. Full support for MetaTrader 4 and MetaTrader 5. No programming required for most setups. Create both Expert Advisors (EA), Custom Indicators and trading Scripts. Setup order opening signals via build-in or custom indicators. Import your own or custom third party indicators. Set order execution: take profit, stop loss, trailing stop, etc.
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Trade box + And box + Crossover box + MACD box + MA box + If-else box + And box 7. To get exit signals, connect the OUT variable of the first AND box to the closeLong button of the Trade box and the OUT variable of the second AND box to the closeShort button of the Trade box: Figure 17. Adding CloseShort to the Trade box 8. Double click on both MACD and MA boxes and select a number of variables to be input variables in the MQL5 EA that we will generate. Input parameters 9. The layout is now complete. Save the Layout and save the MQL5 file.
Then open the new MQL5 Expert Advisor file in and compile it. Generated Expert Advisor 10.
Finally, we optimize selected input variables in.
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