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The Expert Advisor builds a grid of orders at prices near support or resistance levels. The entry points are calculated by the Expert Advisor using the author’s algorithm and based on many factors. Several time ranges are used for analysis. The built-in trend filter allows you to make more accurate entries with a higher probability of closing them with profit and thus reduce the number of simultaneously open orders. All orders are closed when the expected profit is reached. By using the TakeProfit parameter and applying it to all orders, the requirements for Internet speed and the broker itself are reduced. And most importantly, if the connection with the broker disappears during the release of strong news, and this sometimes happens, the orders will be automatically closed when the expected price is reached.
The Expert Advisor has a spread filter, which does not allow you to open deals at an unfavorable price.
Additionally, it is possible to limit the time of the adviser’s work. To do this, it is enough to specify the allowed time range for trading in the settings. This allows you to open deals only, for example, at night, when the market is less volatile.
The default settings are optimized for the EURUSD pair.
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The algorithm of the Expert Advisor allows it to work on almost any pair, after preliminary optimization of its settings. For faster optimization, as well as for easier configuration of the Expert Advisor, the number of its parameters is minimized.
Depending on your preferences, the size of the transaction opened by the Expert Advisor can be fixed or you can enable dynamically calculated depending on the size of the free deposit.
- The timeframe on the chart does not matter. It is set in the settings;
- The number of characters in quotes is determined automatically;
- Leverage 1:500 or more;
- Run the Expert Advisor only on one pair on one account;
The minimum recommended deposit is from 2000 USD on standard type accounts.
For smaller deposit amounts, it is necessary to use cent accounts or micro accounts.
Depending on your preferences, the size of the transaction opened by the Expert Advisor can be fixed or you can enable dynamically calculated depending on the size of the free deposit.
- The timeframe on the chart does not matter. It is set in the settings;
- The number of characters in quotes is determined automatically;
- Leverage 1:500 or more;
- Run the Expert Advisor only on one pair on one account;
The minimum recommended deposit is from 2000 USD on standard type accounts.
For smaller deposit amounts, it is necessary to use cent accounts or micro accounts.
The minimum recommended deposit is from 2000 USD on standard type accounts.
For smaller deposit amounts, it is necessary to use cent accounts or micro accounts.
Contents
Adviser parameters:
- Risk – the risk value used to calculate the dynamic lot;
- Fixed Lot Size – the value of the fixed lot. If the value is 0, the EA will use a dynamic lot;
- Lot Step – the step of increasing the lot for each subsequent order in the basket;
- Spread Control – using the spread filter;
- Maximum Spread – maximum allowable spread value;
- Drawdown control – using drawdown control. The EA will close trades when the specified value is reached;
- Maximum drawdown – maximum allowable drawdown;
- Maximum Orders – the maximum number of open orders.
- Time applies to – the time parameter can be applied only to the first order or to all.
- Open Hours – the allowed time to start trading. Broker’s time is used;
- Close Hours – trading end time. Broker’s time is used;
- TakeProfit for the first order – the amount of expected profit for a single order, in points;
- TakeProfit for all orders – the amount of expected profit for all orders, in points;
- Minimum distance – minimum distance between orders, in points;
- Indicator deviation – the minimum allowable deviation of the indicator value;
- Period – period for the indicator;
- Timeframe for trend detection – the timeframe on which the short-term trend is determined;
- Enable additional trend filter – enabling an additional short-term trend filter for the first order;
- Work Timeframe – working timeframe;
- Slippage – the maximum allowable price slippage, in points;
- Background color – background color of the information panel;
- Comment for expert advisor orders – comment for Expert Advisor orders;
- Magic number for orders – a unique number for the Adviser’s orders (any numbers);
If you have any questions, write me a private message. I will definitely answer you.
- Risk – the risk value used to calculate the dynamic lot;
- Fixed Lot Size – the value of the fixed lot. If the value is 0, the EA will use a dynamic lot;
- Lot Step – the step of increasing the lot for each subsequent order in the basket;
- Spread Control – using the spread filter;
- Maximum Spread – maximum allowable spread value;
- Drawdown control – using drawdown control. The EA will close trades when the specified value is reached;
- Maximum drawdown – maximum allowable drawdown;
- Maximum Orders – the maximum number of open orders.
- Time applies to – the time parameter can be applied only to the first order or to all.
- Open Hours – the allowed time to start trading. Broker’s time is used;
- Close Hours – trading end time. Broker’s time is used;
- TakeProfit for the first order – the amount of expected profit for a single order, in points;
- TakeProfit for all orders – the amount of expected profit for all orders, in points;
- Minimum distance – minimum distance between orders, in points;
- Indicator deviation – the minimum allowable deviation of the indicator value;
- Period – period for the indicator;
- Timeframe for trend detection – the timeframe on which the short-term trend is determined;
- Enable additional trend filter – enabling an additional short-term trend filter for the first order;
- Work Timeframe – working timeframe;
- Slippage – the maximum allowable price slippage, in points;
- Background color – background color of the information panel;
- Comment for expert advisor orders – comment for Expert Advisor orders;
- Magic number for orders – a unique number for the Adviser’s orders (any numbers);
If you have any questions, write me a private message. I will definitely answer you.
If you have any questions, write me a private message. I will definitely answer you.
Key Features of Algorithmic Trading Software
05 December 2018
1.1
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