Multi-purpose expert. Solves the issue of choosing a goal – the direction of price movement. Locking and hedging is the main principle of this Expert Advisor. According to
the law of harmonic fluctuations, the price always returns to its original position and the Forex market is no exception. Balancing
at the same time mixed orders, the expert fixes profit from market turning points.
The expert Advisor is effective in conditions of high volatility (lack of certainty of the direction of price movement, news release).
In the multi-currency version, it is preferable to choose” major”, liquid pairs.
The Expert Advisor can trade in both mono-and multi-currency variants. In the multi-currency version, when selecting opposite
currency pairs, hedging begins to work. To do this, attach the EA to a new window of another currency pair with a change
in the MagicNumber number and, accordingly, enter other input parameters for this currency pair.
The EA has an information panel that displays the account balance, the profit for the currency pair, the account type (real,
demo or competitive), as well as the ability to manually close profitable, unprofitable or all orders for the currency pair and the current
input parameters. BuySellProf lighter-is a light version of the BuySellProf expert Advisor, BuySellProf
Gnome, and BuySellProf
Risk Manager .
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- TP-take profit (take profit) – an order that fixes the profit;
- SL-stop loss – stop order;
- Lots – initial lot size (in the light version, the lot size is fixed at the minimum value of the server);
- Martinlot – (in the light version, valid within 1-1. 8) the Lots multiplication factor for
achieve greater profit and no loss; for more information, seeMartingale;
(the value is 1, there is no Martingale and increases by a fraction of 0.1, i.e. 1 0.1=1.1, etc.); - MaxLots – (in the light version, the eightfold value of the minimum server lot) the maximum allowed lot size. For
example, from 0.01 to 0.08, then the Expert Advisor sets additional orders only with the value of 0.08 lots, the Martingale will work in
in the intervals from 0.01 to 0.08. It also serves to reduce the drawdown of the balance, in case of strong bullish or bearish market sentiment and
volatility. - Use Trailing Stop-enables or disables the trailing stop;
- Trailing Stop-the value of the trailing stop;
- MagicNumber – a magic number, an integer constant used to uniquely identify orders;
Entering the market with two orders at once (Buy and Sell) on the same currency pair, the Expert Advisor sets a fixed take profit on both orders .
After triggering a take profit on Buy or Sell, the Expert Advisor sets taking into accountMartingale the order
on Buy, if the previous order closed on Sell, or vice versa, sets a Sell order if the previous order closed on Buy. Then it
combines both profits, the new order and the old one, into one common profit (according to a special algorithm, with access to the Demark points), moving it
to the place of possible price movement.
At the same time, another balance order is opened in the opposite direction to these two, with the value equal to the last order (with a
Martingale), creating a lock (lock)
with the last order. This allows the Expert Advisor to adapt to the volatility and save your funds. If the volatility exceeds the
estimated take profit price of this order, the EA, fixing the profit, repeats the previous operation, taking into account Martin, and so
on until the market turns around or the volatility begins to decrease. A Stop Loss is set to this order in case
the market turns from bullish to bearish and vice versa. This Stop Loss can be set as fixed or with Trailing Stop.
When all previously placed orders are closed by take profit (at the moment they are all connected by one take profit), the Expert Advisor
starts a new trading cycle again, placing two orders for Buy and Sell, respectively, and so on until you stop it.
Before testing and configuring the Expert Advisor parameters for different currency pairs, make sure that the trading history of the currency pair you need is correct.
pairs, loaded across all timeframes by pressing F2.
Before testing and configuring the Expert Advisor parameters for different currency pairs, make sure that the trading history of the currency pair you need is correct.
pairs, loaded across all timeframes by pressing F2.
How to
set up the BuySellProf Expert Advisor
Options for
the BuySellProf Expert Advisor
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