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MQL4 Trend Indicator EA

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MQL4 Trend Indicator EA
MQL4 Trend Indicator EA

The majority of trading systems use indicators to determine trading signals. Metatrader includes over 20 common indicators, including moving average, MACD, RSI, and stochastics. MQL has built in functions for the stock indicators. You can also use custom indicators in your expert advisor. Learn in this MQL4 Trend Indicator EA article how to program the Expert Advisor to trade using the most popular trend indicators.

Trend Indicators

The moving average is most well known of the trend indicators. It shows whether the price has moved up or down over the indicator period. We have seen how to contruct the conditions of a moving average crossover. Let us examine the conditions of other trend indicators for a strategy entry and exit.

If you go to your MT4 console and you click Insert / Indicators / Trend, you get the following list of indicators:

  • Average Directional Index
  • Bollinger Bands
  • Commodity Channel Index
  • Moving Average
  • Parabolic Sar
  • Standard Deviation

All of these can be converted into buy and sell conditions within your expert advisors, as you shall see below.

 

Params Average Directional Index
Intent //Buy: +DI line is above -DI line, ADX is more than a certain value
and grows (i.e. trend strengthens)
//Sell: -Dline is above +DI line, ADX is more than a certain value
and grows (i.e. trend strengthens)
Extern extern int adx=0; //Indicator period
extern int adu=14; //Period of averaging for index calculation
extern double minadx=20; //Minimal threshold value of ADX
Indicator
Calling
PosDLine =iADX(NULL,adx,adu,PRICE_CLOSE,MODE_PLUSDI,0);
NegDLine =iADX(NULL,adx,adu,PRICE_CLOSE,MODE_MINUSDI,0);
ADXCurrent =iADX(NULL,adx,adu,PRICE_CLOSE,MODE_MAIN,0);
ADXPrevious =iADX(NULL,adx,adu,PRICE_CLOSE,MODE_MAIN,1);
BuyCond if (PosDLine > NegDLine && ADXCurrent >= minadx
&& ADXCurrent > ADXPrevious)
SellCond if (NegDLine > PosDLine && ADXCurrent >= minadx
&& ADXCurrent > ADXPrevious)
Params Bollinger Band
Intent //Buy: price crossed lower line upwards (returned to it from below)
//Sell: price crossed upper line downwards (returned to it from above)
Extern extern int bandp=0; //Indicator period
extern int bandpx=20; //Period of averaging for indicator calculation
extern int banddev=2; //Deviation from the main line
Indicator
Calling
BBLowCurrent=iBands(NULL,bandp, bandpx, banddev,0,PRICE_CLOSE,MODE_LOWER,0);
BBLowPrevious=iBands(NULL,bandp, bandpx, banddev,0,PRICE_CLOSE,MODE_LOWER,1);
BBUpCurrent=iBands(NULL,bandp, bandpx, banddev,0,PRICE_CLOSE,MODE_UPPER,0);
BBUpPrevious=iBands(NULL,bandp, bandpx, banddev,0,PRICE_CLOSE,MODE_UPPER,1);
BBCurrentClose = iClose (NULL, 0,0);
BBPreviousClose = iClose (NULL, 0,1);
BuyCond if (BBLowPrevious<BBPreviousClose
&& BBLowCurrent>=BBCurrentClose)
SellCond if (BBUpPrevious>BBPreviousClose
&& BBUpCurrent<=BBCurrentClose)
  Commodity Chanel Index
Intent //Buy: 1. indicator crosses +100 from below upwards. 2. Crossing -100 from below upwards. 3.
//Sell: 1. indicator crosses -100 from above downwards. 2. Crossing +100 downwards. 3.
Extern extern int CCp=0; //Indicator period
extern int CCpx=14; //Period of averaging for indicator calculation
extern int CCLine = 100;
Indicator
Calling
CCCurrent = iCCI(NULL,CCp,CCpx,PRICE_TYPICAL,0);
CCPrevious = iCCI(NULL,CCp,CCpx,PRICE_TYPICAL,1);
CCCrossLinePos = CCLine;
CCCrossLineNeg =-CCLine;
BuyCond if ((CCPrevious<CCCrossLinePos && CCCurrent >= CCCrossLinePos) || (CCPrevious <=CCCrossLineNeg&& CCCurrent>=CCCrossLineNeg) )
SellCond if ((CCPrevious>CCCrossLinePos && CCCurrent <= CCCrossLinePos)||
(CCPrevious >=CCCrossLineNeg&& CCCurrent<=CCCrossLineNeg) )
  Parabolic Sar
Note //Buy: Parabolic SAR crosses price downwards
//Sell: Parabolic SAR crosses price upwards
Extern extern int sar=0; //Indicator period
extern double sarstep=0.02; //Stop level increment
extern double sarstop=0.2; //Maximal stop level
extern int sar2=0; //Price period
Indicator
Calling
sarcurrent = iSAR(NULL,sar,sarstep,sarstop,0);
sarprevious = iSAR(NULL,sar,sarstep,sarstop,1);
closecurrent = iClose(NULL,0,0);
closeprevious = iClose(NULL,0,1);
BuyCond if (sarprevious>closeprevious&&sarcurrent<=closecurrent)
SellCond if (sarprevious<closeprevious&&sarcurrent>=closecurrent)
  MA Rising or Falling
Intent //Buy: MA grows
//Sell: MA falls
Extern extern int maperiod=14; //Period of averaging for indicator calculation
extern int mamode = 1; // Type of moving average, 1= Exponential
Indicator
Calling
macurrent = iMA(NULL,0,maperiod,0,mamode,0);
maprevious = iMA(NULL,0,maperiod,0,mamode,1);
maprevious2 =iMA(NULL,0,maperiod,0,mamode,2);
BuyCond if(maprevious2 > maprevious && maprevious > macurrent)
SellCond if (maprevious2 < maprevious && maprevious < macurrent)
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