Author of the idea — Collector, author of the MQL5 code — barabashkakvn.

The MARE5.1 Expert Advisor is very easy to use. It uses the values of two Moving Averages (SMA) at the close of 0th, 2nd and 5th bar. The EA is configured to work on the M1 timeframe.

Input Parameters:

Lots — entry position volume
TakeProfit — the Take Profit level
StopLoss — the Stop Loss level
MAFastPeriod — averaging period of the first Moving Average
MASlowPeriod — averaging period of the second Moving Average
MovingShift — MA shift (the same for both Moving Averages)
HourTimeOpen and HourTimeClose — time (in hours), an interval inside which position opening is allowed

The OnInit() block contains security time validation:

   if((HourTimeOpen<0 || HourTimeClose<0) || (HourTimeOpen>23 || HourTimeClose>23))
     {
      return(INIT_PARAMETERS_INCORRECT);
     }
   if(HourTimeOpen==HourTimeClose)
     {
      return(INIT_PARAMETERS_INCORRECT);
     }
   if(HourTimeOpen>HourTimeClose)
     {
      return(INIT_PARAMETERS_INCORRECT);
     }

Alternative: ColorJMomentum_HTF - indicator MetaTrader 5

It means that time in hours cannot be less than “0” or greater than “23”, overlapping is not allowed.

MARE5.1 – expert for MetaTrader 5

📈 ROBOTFX MetaTrader Expert Advisors and Indicators to maximize profits and minimize the risks

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