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The EA analyzes the maximum / minimum candlesticks.

This method can be utilized for trading volatility in most trading periods, in addition to in swing trading.

The Expert Advisor compares today’ pub with yesterday’s. If today’s low and high are greater than yesterday’s, this is a buy signal. Otherwise, it is a market signal.

The machine uses average to range ( ATR), Standard deviation (STD) and Average daily range (ADR) to sort trading signals. These functions are used to calculate the area of recovery from losses by 2 methods – lively and adjusted.

  • The Expert Advisor works on any pairs and timeframes. Recommended for M15
  • The system uses the recovery zone algorithm
  • Use dynamic or fixed pending orders
  • Initial deposit: $ 1000 {minimum lots = 0.01}
  • Use only five-digit accounts
  • The use of tick data in backtesting with modelling quality of 99.9%
  • A low spread ECN broker is recommended
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  • MagicNumber – the magic number of the Expert Advisor.
  • Lots – initial lot size
  • uselotsize – the lot size is fixed (fixed_lots) or determined automatically (auto_lots)
  • Multiplier – multiplier of the previous lot
  • Risk – percentage value of risk
  • Slippage – slippage
  • auto_trade – auto trading. Leave as default
  • userecoverygap-the recovery area is dynamic (dynamic_gap) or fixed (fixed_gap)
    • Gap-recovery area, in pips
  • usedynamicmethod-dynamic method (ATR, STD, or ADR)
    • ATR-average true range
    • STD-standard deviation
    • ADR-average daily range
      • AtrPeriod – period of ATR averaging
      • stdperiod – STD averaging period
      • adrperiod – ADR averaging period
      • f_gap-area coefficient
  • usebreakeven – breakeven (true/false)
    • BE_FIXED – fixed number of pips to convert to breakeven. BE_FIXED=200 will mean that the EA will move the stop loss to the breakeven level when it reaches 200 pips of profit.
  • Drawdown Percentage Settings (drawdown settings in %)
    • closepending-delete pending orders, true/false;
    • ddpercent – % drawdown to limit losses
    • maxslippage – maximum slippage in pips
  • News Filter Function – a new filter
    • URL_News “http://ec.forexprostools.com/”
    • newssymbol – true or false, true = load news only for currencies on the chart, false = load news for all currencies
    • brokergmtoffset – time zone offset of the broker in GMT
    • lowvolatilitynews – true or false for the Low Volatility News filter
    • moderatevolatilitynews – true or false for the Moderate Volatility News filter
    • highvolatilitynews – true or false for the High Volatility News filter
    • nonfarmpayrollsnews – true or false for the Nonfarm Payrolls News filter
    • stopbeforelownews – set the number of minutes forStop Before Low News
    • stopafterlownews-set the number of minutes forStop After Low News
    • stopbeforemoderatenews – set the number of minutes forStop Before Moderate News
    • stopaftermoderatenews-set the number of minutes forStop After Moderate News
    • stopbeforehighnews-set the number of minutes forStop Before High News
    • stopafterhighnews-set the number of minutes forStop After High News
    • stopbeforenfpnews-set the number of minutes forStop Before Nonfarm Payrolls News
    • stopafternfpnews – set the number of minutes forStop After Nonfarm Payrolls News
    • closeallordersbeforenews-set the number of minutes for Close All Orders Before News
    • drawnewslines – true or false for drawing news lines
    • lowcolor-color of the Low Volatility News filter
    • moderatecolor-color of the Moderate Volatility News filter
    • highcolor-color of the High Volatility News filter
  • Day Of Week Filter Function – the day of the week
    • Monday – trade on Mondays
    • Tuesday-trade on Tuesdays
    • Wednesday-trade on Wednesdays
    • Thursday-trade on Thursdays
    • Friday-trade on Fridays
    • Saturday , to trade on Saturdays
    • Sunday – to trade on Sundays
    • starttradetime – time to start trading
    • endtradetime – time to stop trading
  • Background Settings-color settings, use the default values or set your own
  • Gap-recovery area, in pips
  • ATR-average true range
  • STD-standard deviation
  • ADR-average daily range
    • AtrPeriod – period of ATR averaging
    • stdperiod – STD averaging period
    • adrperiod – ADR averaging period
    • f_gap-area coefficient
  • AtrPeriod – period of ATR averaging
  • stdperiod – STD averaging period
  • adrperiod – ADR averaging period
  • f_gap-area coefficient
  • BE_FIXED – fixed number of pips to convert to breakeven. BE_FIXED=200 will mean that the EA will move the stop loss to the breakeven level when it reaches 200 pips of profit.
  • closepending-delete pending orders, true/false;
  • ddpercent – % drawdown to limit losses
  • maxslippage – maximum slippage in pips
  • URL_News “http://ec.forexprostools.com/”
  • newssymbol – true or false, true = load news only for currencies on the chart, false = load news for all currencies
  • brokergmtoffset – time zone offset of the broker in GMT
  • lowvolatilitynews – true or false for the Low Volatility News filter
  • moderatevolatilitynews – true or false for the Moderate Volatility News filter
  • highvolatilitynews – true or false for the High Volatility News filter
  • nonfarmpayrollsnews – true or false for the Nonfarm Payrolls News filter
  • stopbeforelownews – set the number of minutes forStop Before Low News
  • stopafterlownews-set the number of minutes forStop After Low News
  • stopbeforemoderatenews – set the number of minutes forStop Before Moderate News
  • stopaftermoderatenews-set the number of minutes forStop After Moderate News
  • stopbeforehighnews-set the number of minutes forStop Before High News
  • stopafterhighnews-set the number of minutes forStop After High News
  • stopbeforenfpnews-set the number of minutes forStop Before Nonfarm Payrolls News
  • stopafternfpnews – set the number of minutes forStop After Nonfarm Payrolls News
  • closeallordersbeforenews-set the number of minutes for Close All Orders Before News
  • drawnewslines – true or false for drawing news lines
  • lowcolor-color of the Low Volatility News filter
  • moderatecolor-color of the Moderate Volatility News filter
  • highcolor-color of the High Volatility News filter
  • Monday – trade on Mondays
  • Tuesday-trade on Tuesdays
  • Wednesday-trade on Wednesdays
  • Thursday-trade on Thursdays
  • Friday-trade on Fridays
  • Saturday , to trade on Saturdays
  • Sunday – to trade on Sundays
  • starttradetime – time to start trading
  • endtradetime – time to stop trading

Our Useful Features & Services

Published

19 February 2018

Updated

08 December 2018

Current Version

2.2

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