The Miami Expert Advisor automatically searches for entry points based on the Parabolic SAR and CCI indicators. In case of an unsuccessful entry, the Expert Advisor accompanies trades using the Martingale strategy.
Unlike the Urban Expert Advisor, the Miami MT5 Expert Advisor adds TakeProfit to the opening price of the last trade.
The default settings are selected for the GBPUSD pair this is the optimal period for the M5-H1 Expert Advisor
The default settings are selected for the GBPUSD pair this is the optimal period for the M5-H1 Expert Advisor
Optimization can be performed on Control Points.
The main parameters for optimization are TakeProfit, PipsStep, UseInd1, RUseInd1, UseInd2, RUseInd2.
Optimization can be performed on Control Points.
The main parameters for optimization are TakeProfit, PipsStep, UseInd1, RUseInd1, UseInd2, RUseInd2.
The expert himself determines the number of digits after the decimal point in the price of the instrument
- UseRevers=true: Closing a profitable trade with a reverse signal
- UseSmartClose=true: If the open positions have reached the TakeProfit level, but there is a positive trend, then the trades will increase profits until the opposite signal appears
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- Risk: Determining the lot of the first order, depending on the amount of available funds. At Risk=1, the lot will be taken at the rate of 0.01 lots for every $ 1000 of free funds for 5-digit quotes and 0.1 lots for every $ 1000 for 4-digit quotes
- LotExponent: Coefficient multiplying lots in a series exponentially to output at no loss (optimization from 1.0 to 2.0 in any step)
- TakeProfit: The profit level in points from the opening price, if the quotes are 3-or 5-digit, then TakeProfit is multiplied by 10
- PipsStep: The distance in points of loss at which the next order is opened, if the quotes are 3-or 5-digit, then PipsStep is multiplied by 10. When the PipStep decreases, the profitability and risk increase
- UseInd1=true: Use data from the Parabolic SAR indicator to evaluate the trend
- RUseInd1=true: Use the data of the Parabolic SAR indicator to search for the reverse signal when UseRevers=true
- SARStep: Parabolic SAR acceleration coefficient (Optimal parameters close to the standard ones)
- SARMaxStep: Maximum Parabolic SAR step (Optimal parameters close to the standard ones)
- UseInd2=true: Use CCI indicator data to evaluate the trend
- RUseInd2=true: Use CCI indicator data to search for a reverse signal when UseRevers=true
- CCIPeriod: Period of the CCI indicator
- CCIPrice: CCI price type (varies from 0 to 4 in increments of 1)
- CCIMAPeriod: The period of the Moving Average based on the CCI indicator
- CCIMAShift: Shift of the Moving Average based on the CCI indicator
- CCIMAMethod: Method of averaging the Moving Average based on the CCI indicator
- TFrame: The timeframe on which the indicators work. It is convenient to use it to evaluate the work of the Expert Advisor on different timeframes. Important! The optimization period in the tester should be lower than the periods tested in the TFrame parameters.
- UseTime=true: Limit the working time of the Expert Advisor (server time is used)
- HourStart: Expert Advisor start time
- HourEnd: The end time of the Expert Advisor
- Slippage: Acceptable price slippage in points
- MaxTrades: Maximum number of open orders
- MagicNumber: Individual number of the adviser
Attention! Before events that can bring high volatility to the market (such events are always widely covered by the press), you should disable the Expert Advisor, since a strong rise/fall of the instrument can lead to the loss of the deposit.
Attention! Before events that can bring high volatility to the market (such events are always widely covered by the press), you should disable the Expert Advisor, since a strong rise/fall of the instrument can lead to the loss of the deposit.
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