Stoch
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Suggestion I will make a Free EA with your Indicator
- Thread starter winidecorw
- Start date
@dolce vita please create ea on thisStoch
naimradio1
New Member
- Credits
- 16
How the Expert Advisor Works with the IndicatorStoch
- Indicator File Placement: Place T4L Stochastic Signal.ex4 inside the MQL4/Indicators directory. The EA references this file name directly via the IndicatorName input parameter.
- Signal Reading (iCustom Function):
- The EA reads the custom indicator values on every new bar using iCustom().
- It queries Shift = 1 (the most recently closed candle) to ensure signals are fully confirmed and avoid false triggers caused by real-time candle repainting.
- BuyBufferIndex (default: 0) checks for buy arrow values.
- SellBufferIndex (default: 1) checks for sell arrow values.
- Entry Logic:
- Buy Trade: Triggered when the buy buffer returns a valid value (!= EMPTY_VALUE and > 0) on the previous candle.
- Sell Trade: Triggered when the sell buffer returns a valid value (!= EMPTY_VALUE and > 0) on the previous candle.
- Trade Management:
- Opposite Signal Handling: If CloseOnOpposite is set to true, incoming buy signals immediately close any open sell orders, and incoming sell signals close any open buy orders.
- Risk Controls: Each executed order applies the specified LotSize, StopLoss (converted to points automatically for 3/5-digit brokers), and TakeProfit.
- Order Filtering: Orders are tagged with a unique MagicNumber so the EA only manages its own trades without interfering with manual positions or other robots.