The Pump and Dump for MT5 Expert Advisor is a fully automatic trading advisor created by a trader for traders. The strategy is “buy cheaper, sell more expensive”. Orders are opened after a significant rise/fall in the price.
The basic meaning of the Pump and Dump strategy is to buy an asset cheaper when the price falls, sell it more expensive when the price rises.
The basic meaning of the Pump and Dump strategy is to buy an asset cheaper when the price falls, sell it more expensive when the price rises.
You probably noticed that after sharp price movements in the market, there is a significant price pullback in the opposite direction, so-called “hairpins” are drawn, the ADVISER catches moments of strong price growth or fall, and on the basis of these signals enters the market. I explain in more detail in the video and in the screenshots.
The strategy of the adviser is based on an algorithm for identifying overbought and oversold zones of an asset based on the analysis of % price changes using the iPump indicator, the indicator evaluates the overbought/oversold level of the asset and based on this, the adviser identifies the most optimal buying/selling zones of the traded instrument, and then enters the market.
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The built-in Risk Management mechanism, which allows you to initially set the maximum allowable level of account subsidence, will be able to stop trading in time and save capital.
Control of the trading stop time. The Expert Advisor can suspend trading at a predetermined time interval if the risk management is exceeded. For ease of control, a signal about the occurrence of an event will come directly to your mobile phone using Push notifications.
Built-in mechanism for multiplying the profit of orders. The activation of the profit increase mechanism occurs if the price follows the trend.
- Instant notifications of the Risk manager about the account status to the mobile phone using Push messages.
The built-in Risk Management mechanism, which allows you to initially set the maximum allowable level of account subsidence, will be able to stop trading in time and save capital.
Control of the trading stop time. The Expert Advisor can suspend trading at a predetermined time interval if the risk management is exceeded. For ease of control, a signal about the occurrence of an event will come directly to your mobile phone using Push notifications.
Built-in mechanism for multiplying the profit of orders. The activation of the profit increase mechanism occurs if the price follows the trend.
- Instant notifications of the Risk manager about the account status to the mobile phone using Push messages.
The built-in Risk Management mechanism, which allows you to initially set the maximum allowable level of account subsidence, will be able to stop trading in time and save capital.
Control of the trading stop time. The Expert Advisor can suspend trading at a predetermined time interval if the risk management is exceeded. For ease of control, a signal about the occurrence of an event will come directly to your mobile phone using Push notifications.
Built-in mechanism for multiplying the profit of orders. The activation of the profit increase mechanism occurs if the price follows the trend.
- Instant notifications of the Risk manager about the account status to the mobile phone using Push messages.
The built-in Risk Management mechanism, which allows you to initially set the maximum allowable level of account subsidence, will be able to stop trading in time and save capital.
Control of the trading stop time. The Expert Advisor can suspend trading at a predetermined time interval if the risk management is exceeded. For ease of control, a signal about the occurrence of an event will come directly to your mobile phone using Push notifications.
Built-in mechanism for multiplying the profit of orders. The activation of the profit increase mechanism occurs if the price follows the trend.
- Instant notifications of the Risk manager about the account status to the mobile phone using Push messages.
The built-in Risk Management mechanism, which allows you to initially set the maximum allowable level of account subsidence, will be able to stop trading in time and save capital.
Control of the trading stop time. The Expert Advisor can suspend trading at a predetermined time interval if the risk management is exceeded. For ease of control, a signal about the occurrence of an event will come directly to your mobile phone using Push notifications.
Built-in mechanism for multiplying the profit of orders. The activation of the profit increase mechanism occurs if the price follows the trend.
Input parameters
Input parameters
iPump %change – sets the %change of the iPump indicator at which orders will be opened.
Multiplication_Profit = true/false – using the profit multiplication parameter, when this parameter is enabled, orders are added only according to the trend.
Two side= true/false – When this option is enabled, the opening of positions occurs upon the presence of a signal, without waiting for the closing of orders opened on the opposite signal.
First Lot – The initial lot of the order. When set to 0, the volume will be calculated by the function of the percentage of the balance (lot_proc_from_balance).
Lot_Proc_from_Balance – Calculation of the volume of orders depending on the balance, followed by auto-increase/-decrease. When set to 0, the volume will be calculated using the First Lot option.
TP_pips – take profit value in pips.
Distance — the distance of opening a series of orders
Step Distance — the distance step of a series of orders
Plus — the number of points that is added to the level without loss of positions when closing a series of orders.
Slippage — allowable slippage in pips to open a trade.
Risk Management Settings
Maximum DrawDown – the maximum allowable drawdown, upon reaching which unprofitable positions will be closed, provided Delete Orders = True
Pause_hours_ after_error — the number of hours the EA stops working after exceeding the maximum drawdown limit.
Delete Orders = True/false – when this parameter is enabled, if the maximum drawdown is exceeded, the EA will delete all orders and stop trading, notifying you beforehand with a Push notification.
iPump %change – sets the %change of the iPump indicator at which orders will be opened.
Multiplication_Profit = true/false – using the profit multiplication parameter, when this parameter is enabled, orders are added only according to the trend.
Two side= true/false – When this option is enabled, the opening of positions occurs upon the presence of a signal, without waiting for the closing of orders opened on the opposite signal.
First Lot – The initial lot of the order. When set to 0, the volume will be calculated by the function of the percentage of the balance (lot_proc_from_balance).
Lot_Proc_from_Balance – Calculation of the volume of orders depending on the balance, followed by auto-increase/-decrease. When set to 0, the volume will be calculated using the First Lot option.
TP_pips – take profit value in pips.
Distance — the distance of opening a series of orders
Step Distance — the distance step of a series of orders
Plus — the number of points that is added to the level without loss of positions when closing a series of orders.
Slippage — allowable slippage in pips to open a trade.
Risk Management Settings
Maximum DrawDown – the maximum allowable drawdown, upon reaching which unprofitable positions will be closed, provided Delete Orders = True
Pause_hours_ after_error — the number of hours the EA stops working after exceeding the maximum drawdown limit.
Delete Orders = True/false – when this parameter is enabled, if the maximum drawdown is exceeded, the EA will delete all orders and stop trading, notifying you beforehand with a Push notification.
iPump %change – sets the %change of the iPump indicator at which orders will be opened.
Multiplication_Profit = true/false – using the profit multiplication parameter, when this parameter is enabled, orders are added only according to the trend.
Two side= true/false – When this option is enabled, the opening of positions occurs upon the presence of a signal, without waiting for the closing of orders opened on the opposite signal.
First Lot – The initial lot of the order. When set to 0, the volume will be calculated by the function of the percentage of the balance (lot_proc_from_balance).
Lot_Proc_from_Balance – Calculation of the volume of orders depending on the balance, followed by auto-increase/-decrease. When set to 0, the volume will be calculated using the First Lot option.
TP_pips – take profit value in pips.
Distance — the distance of opening a series of orders
Step Distance — the distance step of a series of orders
Plus — the number of points that is added to the level without loss of positions when closing a series of orders.
Slippage — allowable slippage in pips to open a trade.
Risk Management Settings
Maximum DrawDown – the maximum allowable drawdown, upon reaching which unprofitable positions will be closed, provided Delete Orders = True
Pause_hours_ after_error — the number of hours the EA stops working after exceeding the maximum drawdown limit.
Delete Orders = True/false – when this parameter is enabled, if the maximum drawdown is exceeded, the EA will delete all orders and stop trading, notifying you beforehand with a Push notification.
General recommendations:
General recommendations:
Time Frame: the adviser can be installed on any TF, the price analysis takes place inside the adviser code, so it does not matter which TF you install the adviser on, you can base it on H1, when testing m15.
Recommended lot: 0.01 lot for every 1000 – 2500$, depending on the risk.
Recommended deposit from $25 on a cent account or from $ 2500 on a real account for 0.01 starting lot.
Currency pairs: EURUSD, EURJPY, CADJPY, USDJPY, EURAUD, AUDNZD, GBPCHF and other flat pairs.
It is important to change the value in Magic number when using the Expert Advisor on several pairs.
Time Frame: the adviser can be installed on any TF, the price analysis takes place inside the adviser code, so it does not matter which TF you install the adviser on, you can base it on H1, when testing m15.
Recommended lot: 0.01 lot for every 1000 – 2500$, depending on the risk.
Recommended deposit from $25 on a cent account or from $ 2500 on a real account for 0.01 starting lot.
Currency pairs: EURUSD, EURJPY, CADJPY, USDJPY, EURAUD, AUDNZD, GBPCHF and other flat pairs.
It is important to change the value in Magic number when using the Expert Advisor on several pairs.
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