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This Expert Advisor adheres to the traditional method of technical analysis. Trades are opened when the resistance or support level is broken, which are determined based on the selected indicator. This system offers money management, with take profit, stop loss and trailing stop. This system will not open positions when the spread is higher than the normal value or the value specified by the user. This system is designed for trading XAUUSD, EURUSD, GBPUSD and USDJPY on the M5, M15 and H1 timeframes. But it can also be used on other currencies and timeframes.

 

  • Test the system on the history before buying
  • It is preferable to use an ECN account with a minimum spread (0.2-0.8 pips)
  • It is possible to work during the release of important news
  • VPS with minimal latency or dedicated server

 

  • MoneyManagement-choose between automatically calculating the lot based on the maximum loss per trade or a fixed lot specified by the user.
  • PositionSize – if autolot is selected in MoneyManagement, specify the maximum risk per trade as a percentage. Otherwise, if a manual lot size is specified in MoneyManagement, enter the desired lot size.
  • TakeProfit – the distance to the take profit in points.
  • StopLoss – the distance to the stop loss in points.
  • TrailingStop – the distance between the maximum / minimum market price and the current stop loss for trailing profit.
  • Channels – the maximum / minimum price for the period to determine the resistance and support.
  • RollBack – after forming a new high or low, the specified rise/fall should occur before setting a new pending order.
  • MaxSpread-used to filter the spread when placing a pending order, if the spread exceeds this value, the order will be deleted.
  • Slippage – the maximum allowed slippage from the price of a pending order
  • MagicNumber – used to identify the orders of this Expert Advisor
  • TimeFilter – if true, trading will start at StartHour and end at StopHour
  • StartHour – the hour of the start of trading according to the time of the terminal
  • StopHour – trading end time according to the terminal time
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  • If you want to increase the stop loss, this will reduce the sensitivity, but there will be less profit (if you do not increase the PositionSize)
  • The maximum risk is 20%
  • The minimum take profit, stop loss, and trailing stop are at the broker’s stop level.

Our Useful Features & Services

Published

20 June 2017

Updated

Current Version

1.0

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