This expert Advisor is easy for use, does not have too complex configurations and algorithms for performing trading operations. it’s optimized for a short period, it may appeal to people who recently chose to trade on the exchange with the help of Expert Advisors, or who don’t want to understand the preferences for quite a while. The cornerstone of its job is several indicators (moving average, RSI, stochastic, ATR). Despite its simplicity, it has a customizable trailing stop function, that can reduce the dangers for the deposit. almost all parameters are accessible for optimization, thanks to this, you can configure it to work successfully on almost any currency pair and any timeframe.
- Lots – lot size (at 0, the lot volume will be calculated from the percentage of available funds on the account);
- Percentage of free money – a percentage of the available funds for the opening of each new transaction (works when Lots=0);
- MaxSpread – maximum spread for opening a trade (for accounts with a floating spread, so that the trade is opened when the spread is not too large);
- Slippage – slippage (maximum allowable price deviation);
- Magic-a unique identifier (you need to make it different if several Expert Advisors are running in the same terminal);
- TakeProfit – take profit (for 5-digit accounts, 10 will be equal to 100, you need to specify it as for 4-digit accounts);
- StopLoss-stop loss (for 5-digit accounts, 10 will be equal to 100, you need to specify it as for 4-digit accounts);
- trailingstopvalue – the value of the trailing stop, if set to = 0, the trailing stop is not used;
- tradeeverytick-trade each new tick (otherwise – only at the close of the bar);
- closedealsbeforeopen-close the previous trade (in the opposite direction) before opening a new one;
- openordersdelaybars-delay between opening the next trade (the number of bars of the current timeframe that must pass before opening a new trade);
- SignalStrength – the value above which the signal strength from several indicators should be (0-2);
- movingaverageperiod – moving average period of the Moving Average indicator;
- movingaverageprice – price for calculating the moving average (for example, the closing price of a bar, or its opening price);
- rsiparameter-optimization parameter for the RSI indicator;
- levelrsi – level for the RSI indicator;
- timeframersi-timeframe for the RSI indicator;
- stochasticperiod – period of the Stochastic indicator;
- stochasticslowing-deceleration of the Stochastic indicator;
- stochasticlevels – levels of the Stochastic indicator;
- periodatr – period of the ATR indicator;
- minlevelatr – minimum level of the ATR indicator;
- Trading start hour – start hour of trade;
- Trading end hour – end hour of trade;
- dealscommentary-comment on opened deals;
- ordersfilling-change the order execution method (some brokers may not support all methods);
- enableinfo-show information.
[spoiler title=”Read More…”]
[/spoiler]