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Discussion in 'Forex Market MQL5' started by Hadi Shahh, Aug 3, 2020.

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Hadi Shahh
  1. Hadi Shahh

    Hadi Shahh Moderator
    Staff Member Organizer

    Jul 27, 2020
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    The Robust filter indicator is based on the robust filtering algorithm developed by the author using the multi-period averaged moving median.
    The algorithm for this averaging is shown in the last screenshot.

    The indicator calculates and shows:

    • 1. The direction of the trend;
    • 2. Entry and exit points of positions;
    • 3. StopLoss lines calculated from current price probability distributions and selected confidence levels;
    • 4. Lot sizes based on the accepted risk level, deposit size and StopLoss position.
    Indicator readings are visual, extremely simple and do not require comments.
    • The purple line of the indicator marks an uptrend, the gold line expresses the area of uncertainty in the direction of the trend movement, and the purple line - the downtrend.
    • The moments when the price movement direction changes are marked with arrows.
    • Accordingly, the entry points for Buywhen a green upward directed arrow appears, and for Sell when a purple downward arrow appears.
    • StopLoss positions are shown with a red dotted line.
    The indicator has all kinds of alerts.
    The indicator does not redraw.
    The indicator can be used both for trading scalper strategies and for long-term trading strategies.

    Indicator settings.
    • Price type - applied price. Values: Close price, Open price (default), High price, Low price, Median price ((high + low)/2), Typical price ((high + low + close)/3), Weighted price ((high + low + 2*close)/4).
    • The averaging period - averaging period. Values: any integer (3 default).
    • The averaging method - averaging method. Values: SMA (default), EMA, SSMA, LWMA.
    • Line (arrows) thickness. Values: any integer (2 default).
    • The Signal method - Type of trading signal alert. Values: No (default), Send alert, Print (in expert), Comment (in chart), Sound + Print, Sound + Comment, Sound, Push + Comment, Push, Mail + Comment, Mail.
    • Confidence probability (CP*) Any real number between 0 and 1 (0.95 default).
    • Calculate the lot size from the risk, deposit and CP*? – Calculate lot size based on risk, deposit and confidence level? Values: true, false (default).
    • Deposit in $ (5000 $ default).
    • Allowable losses in % - Permissible losses as a percentage of the deposit (2% default).


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