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Content: Expert: LANGUST v1.6.mq4 (Unlocked-Source Code), Presets: LANGUST_audjpy_1m+600.set, LANGUST_nzdchf_1h+150_v2.set, LANGUST_usdjpy_m15.set, LANGUST-usdchf_1h_v2+3500_v2.set, UserGuide: user manual RU.docx (Russian Language).
Open Source Expert (MQ4)
Platform: MT4
Strategy: Indicator-based Grid System using signals from multiple timeframes.
System Overview:
This trading system operates based on three standard indicators:
Bollinger Bands
Stochastic
RCI (Rank Correlation Index)
The entry and exit signals are generated when all three indicators align in the same direction across multiple timeframes. The system includes a special visualization panel on the chart that displays the signals from these indicators and shows the status across 7 different timeframes.
How it Works:
Green Squares indicate a buy signal.
Red Squares indicate a sell signal.
For an entry signal to form, all three indicators must align and show signals in the same direction across the selected timeframe calculation.
Timeframe and Settings:
You can choose from three timeframes. Here’s an example of how the system works:
M5: If all three indicators on the M5 timeframe show a green signal, the robot will open a buy position.
M30 and H1: The system can be configured for multiple timeframes, such as M5, M30, and H1. In this case, the green squares must appear on all three selected timeframes (M5, M30, and H1) before the position is opened.
This method is considered more robust as it combines signals from 5-minute, 30-minute, and 1-hour timeframes, which are more likely to form reversal signals.
Key Features:
Easy Customization: You can easily adjust the indicator settings and timeframes for better alignment with your trading style.
Visual Signals: The chart will display green and red squares for buy and sell signals, making it easier to spot trade opportunities.
Supports Multiple Timeframes: Signals are confirmed across several timeframes, increasing the reliability of the trade setups.
