The functionality of MT4 or MT5 is enough for novice traders who rarely work with several curren
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Best Rated EA 2022
ELM EA - Best Scalping EA 2022
Portfolio X 10 eurusd MT4
NorthEastWay MT5
Trading Systems That Work
Pitchfork System Strategy
June 5, 2023
The Pitchfork Trading System strategy is named after its developer, Andrew Pitchfork. It belong
Rainbow Averages Strategy
June 5, 2023
The Rainbow Averages strategy is definitely not suitable for beginner traders and is definitely
Advanced scalping advisor, with a system of recovery after losses. The EA has been tested from 2010 to the present day in various market conditions/periods (testing on an earlier period does not make sense, because spreads were very large and the market was very volatile). The results are close to real deals.
- Stop loss is always used
- No martingale/grid/hedging, etc. is used (the recovery function uses a 1-fold increase in the lot)
- Complies with FIFO rules
For testing, you need a history of 500 bars
The recommended pair is EURUSD. Timeframe H1.
Monitoring – Here
Risk recommendations (max) (with Recovery mode):
- 1:500 – Risk = 25;
- 1:200 – Risk = 10;
- 1:100 – Risk = 5;
- 1:50 – Risk = 2.5;
- 1:30 – Risk = 1.5;
Recommended – ECN/STP Broker with a minimum StopLoss level of 0-1 pips/spread of 0-5 pips (5 characters) /VPS server.
Contents
Parameters
Parameters
- Magic Number – transaction ID;
- Show Info Panel – show the information panel;
- EA Comment – comment on the Adviser’s transactions;
- Risk (or “Lots”>0 and “Risk”==0 or “Lots”==0 and “Risk”>>0) >> – the lot size based on the maximum risk per transaction;
- Lots (or “Lots”>0 and “Risk”==0 or “Lots”==0 and “Risk”>>0)>> – fixed lot size;
- Take Profit (in pips) – take profit;
- Stop Loss (in pips) – stop loss;
- Max Spread (in pips) – control of the current maximum spread;
- Buy Pending Shift (in pips) – shift for a buy order;
- Sell Pending Shift (in pips) – shift for a sell order;
- Winter GMT Offset – winter time zone of the server;
- EA Start Hour – the start hour;
- EA End Hour – the hour of the end of work;
- Friday End Time – the end time of work on Friday;
- Friday Start Time – start time on Friday;
- Minimum Profit for TrailingStop (in pips) – the number of points required to start a trailing stop;
- Trailing Stop (in pips) – the size of the trailing stop;
- Trailing Step (in pips) – the step of the trailing stop;
- Recovery mode (On/Off) – drawdown recovery function (on/off);
- Multiple start recovery –trailing) – coefficient for trailing, for the recovery function;
- Multiple lot for recovery mode – the calculation coefficient of the lot for the recovery function;
- Loss point for activate Recovery – the amount of loss in points for activating Recovery mode;
- Activate Recovery Force – forced activation of recovery mode.
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- Magic Number – transaction ID;
- Show Info Panel – show the information panel;
- EA Comment – comment on the Adviser’s transactions;
- Risk (or “Lots”>0 and “Risk”==0 or “Lots”==0 and “Risk”>>0) >> – the lot size based on the maximum risk per transaction;
- Lots (or “Lots”>0 and “Risk”==0 or “Lots”==0 and “Risk”>>0)>> – fixed lot size;
- Take Profit (in pips) – take profit;
- Stop Loss (in pips) – stop loss;
- Max Spread (in pips) – control of the current maximum spread;
- Buy Pending Shift (in pips) – shift for a buy order;
- Sell Pending Shift (in pips) – shift for a sell order;
- Winter GMT Offset – winter time zone of the server;
- EA Start Hour – the start hour;
- EA End Hour – the hour of the end of work;
- Friday End Time – the end time of work on Friday;
- Friday Start Time – start time on Friday;
- Minimum Profit for TrailingStop (in pips) – the number of points required to start a trailing stop;
- Trailing Stop (in pips) – the size of the trailing stop;
- Trailing Step (in pips) – the step of the trailing stop;
- Recovery mode (On/Off) – drawdown recovery function (on/off);
- Multiple start recovery –trailing) – coefficient for trailing, for the recovery function;
- Multiple lot for recovery mode – the calculation coefficient of the lot for the recovery function;
- Loss point for activate Recovery – the amount of loss in points for activating Recovery mode;
- Activate Recovery Force – forced activation of recovery mode.
Key Features of Algorithmic Trading Software
15 December 2020
1.0
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