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The Expert Advisor determines the “Doji” candlesticks on the chart and opens trades when they appear (if they meet the specified parameters). In addition, the Expert Advisor can also trade on”Absorption” candles. It can display thecandles on which it trades, and also shows how the signal candle is set up. The exact settings of the signal candles can be changed and optimized. Also, the Expert Advisor has settings for additional indicators for filtering trade entries and can analyze trading volumes, so that, for example, it does not take into account signals when there was little volume.  

The Expert Advisor sets a stop loss and take profit, can use a trailing stop, trade on various currency pairs and timeframes with the appropriate preliminary optimization of the parameters.

  • Lots – lot size (if 0, the lot will be calculated from the percentage of free funds on the account);
  • Percentage of free money – the percentage of free funds to open each new trade (works when Lots=0);
  • IncLotAfterProfit-increase the lot after the profitable closing of the previous trade;
  • DecLotAfterLoss-reduce the lot after the loss-making closing of the previous trade;
  • OrdersComments-comment on transactions;
  • OrdersFilling-changing the order execution method (some brokers may not support all methods).);
  • Slippage – slippage (the maximum allowable deviation of the price);
  • OpenOrdersDelayBars – delay between the opening of the next transaction;
  • MaxSpread – the maximum spread for opening a trade (so that the trade is opened when the spread is not higher than this value);
  • Magic-a unique identifier (you need to make it different if several Expert Advisors are running in the same terminal);
  • StopLoss – the closing price of the order when the loss level is reached;
  • TakeProfit – order closing price when the profitability level is reached;
  • EnableAutoCloseautomatic closing of orders with a reverse signal;
  • TrailingStopValue – the value of the trailing stop in points, if set to = 0, then the trailing stop is not used;
  • StopToParabolicStep – parabolic step for trailing stop (0 – do not use parabolic trailing);
  • MinLongShadowPercent the minimum length of the shadow of the Doji candle to open a trade (as a percentage of the entire candle, 1-99%);
  • MaxCandleBodyPercent maximum Doji candle body length (0.1% – 20%);
  • CountLastCandles the number of previous candles in one direction before the Doji reversal (1-10);
  • MinCandleLenghtPercent – the minimum length of the Doji candle as a percentage of several previous ones (0, off, 1-200%);
  • EngulfingBodyPercent – When greater than 0, the signals “absorption” are searched for, the parameter indicates how many percent the body of the signal candle should overlap the body of the previous one;
  • MinCandleVolumePercent – Minimum volume difference as a percentage of previous candlesticks (0.0 – do not use volumes);
  • FastMAPeriod the period of the Moving Average indicator for filtering signals (0 – do not use MA filtering);
  • SlowMAPeriod the period of the second Moving Average indicator for filtering signals;
  • applicedpricema – the price type used for the Moving Average indicator;
  • StochasticFilterPeriod period of the Stochastic indicator for filtering trades (0 – do not use the filter on the Stochastic indicator);
  • StochasticSlowing-deceleration of the Stochastic indicator;
  • StochasticLevels levels of the Stochastic indicator (1-99); 
  • AdxPeriod – period of the ADX indicator;
  • MinAdxLevel – the minimum level of the ADX indicator (for example, 6.5);
  • Trading start hour – trading start hour;
  • Trading end hour – trading end hour;
  • EnableInfo-show some information and parameters of the found Doji candles;
  • ShowExampleCandle-show examples of candlesticks for trading, the settings of which are specified by the MinLongShadowPercent and MaxCandleBodyPercent parameters.
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Published

08 November 2020

Updated

Current Version

1.0

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