This tutorial shows how Accumulation Distribution Expert Advisor can be used on charts of MT5 to Trade
Strategy Premise
The accumulation/distribution line or accumulation/distribution index is a technical analysis indicator intended to relate price and volume in the stock market and acting as a leading indicator of price movements. A rising A/D line helps confirm a rising price trend. A falling A/D line helps confirm a price downtrend. If the price is rising but A/D is falling, it signals underlying weakness and a potential decline in price. If the price of an asset is falling but A/D is rising, it signals underlying strength and the price may start to rise.
Strategy Logic
Long Entry: When Moving average is below the Candles and A/D Value is More than the Last Candle (Increasing)
Long Exit: When Moving average is Above the Candles and A/D Value is Less than the Last Candle (Decreasing) or Price Reaches Target or Stoploss
Short Entry: When Moving average is Above the Candles and A/D Value is Less than the Last Candle (Decreasing)
Short Exit: When Moving average is below the Candles and A/D Value is More than the Last Candle (Increasing) or Price Reaches Target or Stoploss
MT5 Settings
To start Algo trading with Accumulation Distribution on MT5, simply follow the steps given below.
1: Make sure you have completed Jump Start setup
2: Download zipped files from here and extract them. You will find three sub-folders: Experts, Indicators, and Include. The files in these sub-folders should be copied in your MT5 directory in the same folders. In MT5 Click on File => Open Data Folder=> Click on MQL5 => Experts folder. Copy-paste the downloaded file to the Expert folder.
3: (Optional, if indicator nor present in your MT5) In MT5 Click on File => Open Data Folder=> Click on MQL5 => Indicator folder. Download the Indicator file from here and copy-paste in your Indicator folder. Also paste files to your Include folder if not already present.
4: In MT5 => Tools => Expert Advisor => Check all option available as shown below.
5: Go to navigator click on refresh to refresh indicator and expert advisor.
6: Now put Accumulation Distribution Expert Advisor on chart
7: Change the Input Parameters as per your Requirement
In Dependencies click on Allow DLL imports
8: Now put the Accumulation Distribution And Simple Moving Average Indicator on the chart and Change the Parameter as per the Inputs Set in EA.
Please note that the input parameters of EA and the indicator should be the same, or the signal generation will not match with the indicator.
APIBridge Settings – New Users
Before setting EAs to your system it is advised to add all the symbols in APIBridge to avoid order rejections. Make sure you use the correct expiry and strategy tag as given in MT5.
Here are the Strategy Parameters
| Strategy tag | Use default STG1 unless trading in multiple strategies |
| Port | This should be same as API bridge port application will signal from same port |
| Expiry | Put contract expiry here |
| Order type | Select order type here from MARKET,LIMIT, SLL,SLM |
| Instrument | Set the instrument as per APIBridge |
| Moving Average Period | Period for Simple Moving Average |
| Trade Type | Type of Trades to take |
| Target | Target Value in Rupees |
| Stoploss | Stoploss Value in Rupees |
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