FoxTrotTWO EA is a scalper Expert Advisor for trading on EURUSD. Also available for other main and cross pairs. The recommended timeframe is M15. FT2 trades in a narrow range at night. In the upper and lower parts of the range, the EA tries to make a trade in the opposite direction. To do this, the robot uses several indicators and analyzes a number of timeframes. However, the trades themselves are opened as a result of the price movement, and not as a result of the actions of the indicator. To work, the Expert Advisor needs a medium-volatile non-trend market.
- Trading time: mostly at night in the European session
- Timeframe: M15
- Broker: it is recommended to work with an ECN broker and use a VPS server
- Risk: 20 – low, 40 – medium, 60-high
- Martingale, grid, and hedging are not used
- Trading Hour Start 23 – the hour when the EA starts trading
- Trading Minute Start 30 – the minute when the EA starts trading
- Trading Hour End 0 – the trading hour of the EA
- Trading Minute End 59 – the minute when the EA ends trading
- Close Hour Start 9 – the hour when the closing period starts
- Close Minute Start 0 – the minute when the closing period starts
- Close Hour End 9-the end hour of the closing period of transactions
- Close Minute End 1 – the minute when the closing period ends
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- Allowed Spread 15.0 – the maximum allowed spread for opening a trade
- Slippage 3.0 – maximum allowed slippage for opening a trade
- Use Money Management false-if false, trade a fixed lot; if true, the lot size is determined automatically
- fixed LotSize 0.01 – when Use Money Management = false, trading is conducted using a fixed lot size
- Risk 30.0 – the percentage of free margin for trading, for example, risk 30 means 0.03 lots for every 100 USD of free margin
- max Lotsize 90.0 – the maximum allowed lot size for making trades
- Magic Number – unique number of the transaction
- Order Comment-comment on transactions
- Use Rollover Spread Filter-if true, enable the spread filter (new stop loss during rollover)
- XMinutesBeforeRollover-change the stop loss to a new value from x minutes to rollover
- YMinutesAfterRollover-change the stop loss to a new value up to y minutes after the rollover
- relevant Spread Value in points during Rollover period-change the stop loss if the market spread is higher than the specified one
- additional Stop Loss Value in points during Rollover period – new additional stop loss value in points during rollover
- Use Swap Filter – if true, the swap is taken into account in the trade
- Minimum Swap – the minimum value of the swap
- YMinutesRange – number of minutes to midnight,
- Filter1 16-filter period 1
- Filter1 50 Value – the filter value 1
- Filter2 12-Filter period 2
- Filter2 50 Value – the filter value 2
- Filter3 10 – the filter period of 3
- Filter3 70 Value – the filter value 3
- Filter4 7-Filter period 4
- Filter4 Value min 30 – the minimum value of the filter 4 in points
- Filter4 Value max 300 – the maximum value of the filter 4 in points
- Filter5 Value min 30 – the minimum value of the filter 5 in points
- Filter5 Value max 350 – the maximum value of the filter is 5 in points
- Deltafactor 0.3-the distance between the upper and lower bounds of the range for strategy 2 (the coefficient depends on the filter 4)
- TP Factor 0.6-the coefficient for calculating the take profit (the coefficient depends on the filter 4)
- SL Factor 4.5-the coefficient for calculating the stop loss (the coefficient depends on the filter 4)
- TP Factor2 0.6-coefficient for calculating take profit 2 (the coefficient depends on the filter 4)
- SL Factor2 4.0-coefficient for calculating stop loss 2 (the coefficient depends on the filter 4)
- max allowed SL Value in Points – if the SL value calculated based on this volatility is too high, it can be limited by this parameter
- max allowed TP Value in Points – if the TP value calculated based on this volatility is too high, it can be limited by this parameter
- Use Safe Mode true – if false, trading is conducted without using the Safe Mode indicator; if true, trading is conducted using the Safe Mode indicator
- Safe Mode Indicator Period 20 – the period of the Safe Mode indicator
- Update TP if lower then TP min-if true, change the minimum value of the take profit if the value of the triggered take profit is lower than the calculated minimum value
- TP Points in 25 min – the minimum value of the take profit in points
- MondayAM true – if true, trading on Monday morning is allowed; if false, the EA does not trade on Monday morning
- MondayAMStartTime 00: 00 – trading start time on Monday morning
- MondayAMEndTime 12: 00 – trading end time on Monday morning
- MondayPM true – if true, trading on Monday evening is allowed; if false, the EA does not trade on Monday evening
- MondayPMStartTime 12: 00 – trading start time on Monday evening
- MondayPMEndTime 23: 59 – trading end time on Monday evening
For other days of the week, the same is true.
- UseNewsFilter true – if true, the news filter is used
- CloseAfter_BeforeMins false – if true, existing open trades are closed in x-BeforeMins, and new trades will not be opened until y-AfterMins; if false, existing open trades will remain open after x – BeforeMins, but new trades will not be opened until y-AfterMins
- SymbolsToCheck EUR, USD-set the pairs corresponding to the news
- UseHighImpact true-if true, consider high-importance news
- HighBeforeMins 120-suspend trading x minutes before high-importance news
- HighAfterMins 120-suspend trading for y minutes after news of high importance
- UseMediumImpact true-if true, consider news of medium importance
- MediumBeforeMins 60-suspend trading x minutes before news of medium importance
- MediumAfterMins 30-suspend trading for y minutes after news of medium importance
- UseLowImpact false-if true, consider news of low importance
- LowBeforeMins 30-suspend trading x minutes before the news of low importance
- LowAfterMins 30-suspend trading for y minutes after news of low importance
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