The price in the market always moves between the resistance and support levels. These levels form a channel in which the price moves, from time to time breaking through the boundaries and forming a new channel. The ZigZag indicator is used to search for a channel . The channel boundaries are denoted as 0% and 100% Inside the channel, the Expert sets working levels (a group of FIBO LEVELS SET settings), at which limit orders are set. For each order, you can set your own trading volume (LOT FOR LEVEL settings group) For each open position, you can set a trailing stop (TRAIL STOP settings group) You can also close everything after reaching a given profit or loss, limit the size of the channel used and set the expert Advisor’s working time. This is all located in the COMMON SETTINGS group.

Restrictions in the form of SL and TP are set depending on the selected mode. Let’s consider them:

The simple and intuitive parameters of the Expert Advisor allow you to make the correct settings on any instrument and timeframe, and the ability to configure each trading level separately and independently of others allows you to configure this Expert Advisor very precisely. The Expert Advisor uses only limit orders, which automatically protects against spread expansion and negative slippage. Settings for any trading style can be made independently in the strategy tester (Ctrl R)

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Examples of self-configuration:

General tips that do not depend on the trading style: It is recommended to optimize the Expert Advisor at the beginning of each month. The period for optimization must be greater than or equal to the period for trading. The timeframe is selected depending on the trading style, the size of stops, takes and the size of the channel depend on it.

Screenshots with test results are attached to all trading examples. 

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