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Extended version for the famous Yellow Expert Advisor for the MetaTrader5 .

The fully automatic Yellow MT5 Hedge Expert Advisor works on short-term trend changes, creating a price change channel specified in the parameters. Trading is carried out on the external borders of this channel by opening multidirectional positions with different lot sizes.

The strategy is simple, but effective. With adequate money management, the probability of stable earnings is very high.

The presence of a sufficient number of parameters allows the trader to configure the Expert Advisor in accordance with their trading style.

Terminal – MetaTrader 5

The account type is Hedge only.

The Yellow MT5 Hedge Expert Advisor is designed for trading on any currency pair, on the H1 timeframe.

One of the Set-file options for some currency pairs can be found in comment #2.

Not martingale, not arbitrage.

Our popular MT4 Scalper: SZ Scalper EA

• AutoLot – can take the values “true” and “false”. If “true”, the Expert Advisor chooses the size of the initial lot for trading, depending on the balance;
• TradingLot-the initial lot size is set by the user if the AutoLot value is false;
• Risk – part of the deposit in %, used for automatic calculation of the lot;
• MaxLotSize – maximum allowed trading lot;
• DD – the maximum allowable drawdown. When it is reached, all positions on this symbol will be closed.
• TradingMode-select the search option for market entry points. “Classic” – as in the version for MetaTrader 4. “New” – new entry points.
• TakeProfit – take profit in points;
• TrailingStop – trailing stop in points;
• AutoPriceChannel – can take the values “true” and “false”. If “true”, the Expert Advisor automatically determines the price channel;
• ManualPriceChannel – the value of the price channel in points within which the Yellow MT5 Hedge Expert Advisor will open positions if the AutoPriceChannel parameter=false;
• ZeroPositions – if “true”, the EA will open positions only if there are no other open positions on the trading account;
• SaveDeposit – can take the values “true” and “false”. If the value is” true”, the EA will close a series of orders with a minimum profit, regardless of the TakeProfit parameter;
• TradeOnFridays – can take the values “true” and “false”. If the value is” true”, the EA will trade on Fridays;
• SafeMode – can take the values “true” and “false”. If the value is “false”, the built-in additional filter is disabled;
• LotMult – lot multiplier for the next position to be opened;
• AccountFillingType – the type of order execution for this type of account. If the EA does not open positions at the default value, select a different execution type.
• CommissionFor1Lot – broker’s commission for 1 lot, in the deposit currency. If the account is commission-free, set the value to “0”.
• CommentOfOrder – comment for orders. It can take any value;
• EAMagic1 – the magic number of the Expert Advisor, which allows it to distinguish its positions from those of other Expert Advisors; the values must be different for each chart.

The recommended broker is any one.

The recommended minimum deposit is $300 for a cent account (30,000 cents) and a lot of 0.1. The leverage is from 1: 400 and higher.

For the Expert Advisor to work correctly, the history of the H1 and D1 timeframe of the traded currency pair must be loaded into your terminal. To do this, switch the chart to the D1 timeframe, and then return to H1. That will be enough.

The parameters are set as for 4-digit servers, and for 5-digit servers they are automatically recalculated.

Do not update your terminal and do not transfer the current trade from one terminal to another if there are open positions on the account. It is important.

Below are screenshots of testing on different currency pairs.

I will be grateful for your positive feedback and ratings – this inspires me to continue improving the strategies of my advisors.

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