Deflection MT5 (full version ) – trend following trading advisor. The Expert Advisor is based on the strategy of finding entry points at the initial moment of the trend. 2 emas are used to determine the signals. Deflection has an adaptive system for calculating profit and loss goals, depending on the current volatility. Risk management is carried out by setting the TP/SL ratio, as well as setting the risk per transaction as a percentage of the deposit. Profit and loss goals in points are calculated automatically by the Expert Advisor.
Trailing stop
The trailing stop is tied to the slow EMA and ATR (Slow EMA period). The Trailing stop ratio adjusts the distance from the EMA to pull up the stop. The higher the value, the further from the EMA the stop will be postponed and vice versa. A value of 1.0 means that a distance of 1.0*ATR will be deferred from the slow EMA. This value will be the new Stop Loss.
Multi-currency trading
To trade on multiple currencies, you need to run the Expert Advisor with the same Magic on different charts. Only one position can be opened on one instrument at a time. However, there may be several open positions at the same time, one for each instrument. The total amount is controlled by the Max opened trades for multicurrency parameter.
Description of parameters
- Fast MA period – The period of the fast moving average.
- Slow MA period – The period of the slow moving average.
- Bars after MA cross – The number of bars after crossing the fast MA to the slow one. Within this number of bars, an entry signal will be searched for.
- TakeProfit / StopLoss ratio – The ratio of Profit to loss.
- Max opened trades for multicurrency – The maximum number of simultaneously opened transactions in the amount of different currencies.
- Enable trailing stop-Enable / disable the trailing stop.
- Trailing stop ratio – The coefficient for controlling the trailing stop distance (for more information, see the Trailing stop section).
- Working hours string – A string for setting the working hours of the Expert Advisor. Format (0,1,2,10,23).The time is set in the format UTC-0 (GMT-0). If the string is empty, there is no time limit.
- Magic
- Comment
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Trailing stop
The trailing stop is tied to the slow EMA and ATR (Slow EMA period). The Trailing stop ratio adjusts the distance from the EMA to pull up the stop. The higher the value, the further from the EMA the stop will be postponed and vice versa. A value of 1.0 means that a distance of 1.0*ATR will be deferred from the slow EMA. This value will be the new Stop Loss.
To trade on multiple currencies, you need to run the Expert Advisor with the same Magic on different charts. Only one position can be opened on one instrument at a time. However, there may be several open positions at the same time, one for each instrument. The total amount is controlled by the Max opened trades for multicurrency parameter.
- Fast MA period – The period of the fast moving average.
- Slow MA period – The period of the slow moving average.
- Bars after MA cross – The number of bars after crossing the fast MA to the slow one. Within this number of bars, an entry signal will be searched for.
- TakeProfit / StopLoss ratio – The ratio of Profit to loss.
- Max opened trades for multicurrency – The maximum number of simultaneously opened transactions in the amount of different currencies.
- Enable trailing stop-Enable / disable the trailing stop.
- Trailing stop ratio – The coefficient for controlling the trailing stop distance (for more information, see the Trailing stop section).
- Working hours string – A string for setting the working hours of the Expert Advisor. Format (0,1,2,10,23).The time is set in the format UTC-0 (GMT-0). If the string is empty, there is no time limit.
- Magic
- Comment
- TakeProfit / StopLoss ratio – The ratio of Profit to loss.
- Max opened trades for multicurrency – The maximum number of simultaneously opened transactions in the amount of different currencies.
- Enable trailing stop-Enable / disable the trailing stop.
- Trailing stop ratio – The coefficient for controlling the trailing stop distance (for more information, see the Trailing stop section).
- Working hours string – A string for setting the working hours of the Expert Advisor. Format (0,1,2,10,23).The time is set in the format UTC-0 (GMT-0). If the string is empty, there is no time limit.
- Magic
- Comment
- Enable trailing stop-Enable / disable the trailing stop.
- Trailing stop ratio – The coefficient for controlling the trailing stop distance (for more information, see the Trailing stop section).
- Working hours string – A string for setting the working hours of the Expert Advisor. Format (0,1,2,10,23).The time is set in the format UTC-0 (GMT-0). If the string is empty, there is no time limit.
- Magic
- Comment
- Enable trailing stop-Enable / disable the trailing stop.
- Trailing stop ratio – The coefficient for controlling the trailing stop distance (for more information, see the Trailing stop section).
- Working hours string – A string for setting the working hours of the Expert Advisor. Format (0,1,2,10,23).The time is set in the format UTC-0 (GMT-0). If the string is empty, there is no time limit.
- Magic
- Comment
- Working hours string – A string for setting the working hours of the Expert Advisor. Format (0,1,2,10,23).The time is set in the format UTC-0 (GMT-0). If the string is empty, there is no time limit.
- Magic
- Comment
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