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CandleCountdown - candle closing time indicator

CandleCountdown - candle closing time indicator

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Rubricator 89: Cryptocurrency Developments (Part 1)

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The crypto-currency world continues to develop actively, gradually ‚Äúfinding the golden mean‚ÄĚ

ELEMENTAL is a fully automatic multi-currency night robot.

The basic idea is that any trend has its current boundaries, after which the price comes to an equilibrium state.
The boundaries of the current trend are determined by dynamic support and resistance levels, which are updated on each candle.

Since night trading has its own characteristics, the main one of which is limited market liquidity, trading is carried out with deferred ‚Äúlimit‚ÄĚ orders, for additional protection against slippage.

The minimum number of parameters make the Elemental Expert Advisor accessible even for inexperienced users.

The real trading signal of this robot

The real trading signal of this robot

Elemental EA version for MetaTrader 5

Elemental EA version for MetaTrader 5

Telegram:

Telegram:

Since this is a multi-currency Expert Advisor, trading on different currency pairs can be carried out from the same chart. You can install the robot on the chart of any one currency pair and specify in the parameters which currency pairs should be traded. However, this method is not recommended. The reason is that quotes / ticks for each individual currency pair can come from the broker at different times, and when trading from the same chart, there may be delays in making trading decisions. Therefore, it is recommended to install the Expert Advisor on individual currency pairs.

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The EA does NOT use martingale, grid, or arbitrage.

Positions are always protected by the StopLoss and DD parameters.

Any broker with narrow spreads and fast execution of orders is suitable for trading.

The minimum recommended deposit is $100.

At the moment, trading on EURUSD, USDCHF, USDJPY, USDCAD, AUDUSD, EURJPY, EURCAD, CHFJPY is recommended.

The working timeframe is M5.

The terminal is MetaTrader 4.

  • AutoLot ‚Äď can take the values ‚Äútrue‚ÄĚ and ‚Äúfalse‚ÄĚ. If the value is ‚Äútrue‚ÄĚ, the ADVISER chooses the lot size for trading depending on the balance.
  • Lots ‚Äď the lot size is set by the user if the AutoLot value is ‚Äúfalse‚ÄĚ.
  • Risk ‚Äď the percentage part of the deposit used for automatic lot calculation.
  • DD is the maximum drawdown level, as a percentage of the balance, at which all positions of the adviser on this currency pair will be closed.
  • ZeroPositions ‚Äď if the value is ‚Äútrue‚ÄĚ, the EA will open positions only if there are no other open positions on the trading account.
  • AutoTakeProfit ‚Äď if the value is ‚Äútrue‚ÄĚ, the Expert Advisor will determine TakeProfit independently.
  • TakeProfit ‚Äď the value of TakeProfit in points. If ‚Äú0‚ÄĚ, it is disabled. Don‚Äôt forget to deduct the broker‚Äôs commission from this parameter.
  • StopLoss ‚Äď the value of StopLoss in points. If ‚Äú0‚ÄĚ, it is disabled.
  • TrailingStop ‚Äď the value of the trailing stop in points. If ‚Äú0‚ÄĚ, it is disabled.
  • TradingDirection ‚Äď allowed order types.
  • CommentOfOrder ‚Äď comment on the order. Can take any value.
  • EAidentifier is the identifier of the adviser, which allows him to distinguish his positions from the positions of other advisers.
  • OneChart ‚Äď if the value is ‚Äútrue‚ÄĚ, trading will be conducted from one chart. To do this, specify Symbol1 in the parameters‚ĶSymbol8 currency pairs to be traded on. If the value is ‚Äúfalse‚ÄĚ, trading will be conducted only on the currency pair on which the Expert Advisor is installed on the chart. Do not forget that the Strategy Tester of the MetaTrader 4 terminal supports testing on only one currency pair at a time.
  • Symbol1‚ĶSymbol8 ‚Äď currency pairs on which the Expert Advisor will trade if the OneChart parameter=true. If your broker provides symbols with a prefix (for example, fx.EURUSD) or a suffix (for example, EURUSD.fx), then they need to be specified in the names of currency pairs.

Default parameters can be used for recommended currency pairs.

If you want to test the Expert Advisor in the Strategy Tester, do it in the ‚ÄúEvery Tick‚ÄĚ mode!

The parameters are set as for 4-digit servers, and for 5-digit servers they are automatically recalculated.

The parameters are set as for 4-digit servers, and for 5-digit servers they are automatically recalculated.

Key Features of Algorithmic Trading Software

09 November 2021

2.5

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