This system uses tops and bottoms to place Buystop/Sellstop orders witha a small Stoploss and if the order isn’t closed by the Stop, it continues to ride the Trend until it’s closed  by an implemented indicator or if a certain number of bars have passed since the order was opened or TP function  . It also has a Lot management system included which is correctly calculated for accounts in USD . 

      The EA also has a Breakeven function wich can be set by the user and Trailstop function .

It is recomended that you trade with a low-spread broker because the system uses small stops and of course , if the spread is larger, you must also increase the StopLoss , which leads to a higher drawdown .

    The system also has a loss recovery function which partly recovers the losses using Macd indicator , price levels and the jump in price when the other conditions are met .

   The loss recovery function uses lot size multiplier if profit is not reached from the first trade .

A free version of the product may be found HERE . The free version is limited in lot size and magic number .

Alternative expert settings can be found in the “Comments ” section at post #50 .

Pairs : EUR/USD , USD/JPY , GPB/USD .

Timeframe : H1 .

Parameters :

Magic – Magic Number .

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Lots – Lot size if lot size used is fixed and no auto lot management is used ;

Manage_Lot – true/false – if true , lot size will be automatically calculated by the EA ; if false , fixed lot size will be used;

Risk Percent – is used in the auto lot management , if set to 1 , with Manage Lot set to true , it will open 0.01 lot size for every 100$ of the account equity .

Hard Stop – is a normal stoploss ,set in points , based on the pending order placement or on the virtual trade level , if virtual pending orders are used ; if it is set to 0 it is not used ;

Virtual Stop – closes the open order if it was triggered at worse price than initially requested , so that the loss is not larger than it should be ; it is set in points and is not used if it set to 0;

Take Profit – normal takeprofit , set in points , based on the pending order placement or on the virtual trade level  , not used if set to 0;

Close Orders by Macd indicator or after a certain number of bars after the order was opened , customisable (true or false) ;

Close by Macd Offset : delays the closing by Macd to prevent premature closing ;

CloseByNewLevel – if true , moves the TakeProfit to a newly formed trade level ;

CloseAtEndOfDay ;

TrailingStop – set in points , not used if set to 0;

TrailStep – the step in points the TrailingStop will move;

StartTrailAfter – starts TrailingStop only after the input number of points;

BreakEven – true/false ;

BreakEven after points – moves the Stop after the input number of points ;

BreakEvenPoints – points to lock in profit if BreakEvenAfterPoints is activated;

Level – set to 48 – upper and lower levels from the last 48 candles in the chart ;

VirtualPendingOrders – if true , market orders will be used instead of pending orders;

MaxSpreadPoints – the maximum spread in points allowed for market orders;

Working time for sending market orders : StartTime , EndTime;

Loss Recovery function uses lot multiplication to achieve profit , places market orders based on high/low trade levels combined with Macd indicator . Profit and loss can be managed by normal SL or TP , or by account currency.

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