Hey traders! Today, let’s dive into the latest version of the exp_iCustom Expert Advisor, a versatile tool that works seamlessly with any custom indicator and helps you visualize buy/sell signals with arrows.
Version 5 Highlights:
Variable Updates:
- We’ve switched the variable types for
_O_M3_BuyLevel,_O_M3_SellLevel,_C_M3_CloseBuyLevel, and_C_M3_CloseSellLevelfrominttodouble. This change allows you to input fractional numbers, giving you more flexibility in your trading strategies.
For more details, don’t forget to check out the exp_iCustom_v1 page.
Version 6 Updates:
We’ve added some powerful new features to enhance your trading experience:
- Order Closing Checks: Now, you can include extra checks when closing orders based on the indicator. You can set parameters to only close orders that meet specific profit criteria or ensure that the stop loss protects a certain profit level.
Key Variables for Closing Rules:
- CheckProfit - If an order's profit is below
MinimalProfit, it won't close. - MinimalProfit - This sets your minimum profit for closing orders.
- CheckSL - If the stop loss safeguards a profit of at least
MinimalSLProfit, the order remains open. - MinimalSLProfit - Refer to the
CheckSLvariable for details.
* * *
Additionally, we've introduced trailing based on custom indicators. This means you can utilize any custom indicator, like the PriceChannel Stop NK or the two-colored NRTR WATR, to guide your trailing stops.
Variables for Trailing by Indicator:
- _TS_ON - Turn on trailing by indicator.
- _TS_iCustomName - Provide the name of your custom indicator.
- _TS_iCustomParam - Input parameters separated by "/". Remember, boolean variables should be entered as 1 (true) or 0 (false). Avoid string variables—this will break the EA!
- _TS_iForBuyBufIndex - Buffer index for buy orders.
- _TS_iForSellBufIndex - Buffer index for sell orders.
- _TS_iShift - Adjust the indicator shift (1 for closed bars, 0 for the currently forming bar).
- _TS_TrailInProfit - This sets the minimum profit level before your stop loss is adjusted.
Version 6 Enhancements:
We've now enabled the use of two-colored indicators (_O_Mode=5, _C_Mode=5). Indicators like NRTR NK or colored moving averages such as MA_In_Color_wAppliedPrice can now be integrated easily.
However, keep in mind that not all colored indicators are compatible. Some may color past bars, so you might need to tweak the _O_iShift and _C_iShift values. Others may overlay lines of different colors, which won’t work with this EA.
And here’s something exciting—introducing the MarketWatch mode! This allows you to open market orders without setting a stop loss or take profit upfront, which can be added later.
New Parameters:
- _O_M5_iBuyBufIndex - Buffer index for uptrend lines.
- _O_M5_iSellBufIndex - Buffer index for downtrend lines.
- _C_M5_iBuyBufIndex - Buffer index for closing orders in an uptrend.
- _C_M5_iSellBufIndex - Buffer index for closing orders in a downtrend.
- MW_Mode - Activate MarketWatch mode.
That’s a wrap for the latest updates on the exp_iCustom EA! With these new features, you’ll have even more tools at your disposal to refine your trading strategies. Happy trading!
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