EA-StochThresholds_v1-0.mq4 is an Expert Advisors with very simple rules, it opens orders when the Stochastic Oscillator crosses the lover or upper threshold.
- Buy when the stochastic oscillator crosses the lower threshold from below
- Sell when the stochastic oscillator crosses the upper threshold from the top
- Reach the Take Profit or Stop Loss
- Close Buy if the upper threshold is reached
- Close Sell if the lower threshold is reached
Once you download the script you need to:
- Copy the mq4 file in the Metatrader data folder > MQL4 > Experts
- Open the file with Metaeditor
- Compile the file
- Restart Metatrader
- The Script can now be run
If you are interested in building your own Expert Advisor or know more about how to do it check my MT4 Expert Advisor Template.