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Discussion in 'Forex Market MQL5' started by James Goldman, Sep 29, 2020.

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  1. James Goldman

    James Goldman Moderator
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    #fxwave

    fxwave-logo-200x200-9949.png

    • Fully automated program for FOREX trading.
    • The operation algorithm is based on strict following a price movement (trend) avoiding unprofitable positions.
    • Virtual Take Profit and Stop Loss levels fix profit and limit possible losses.
    • The Trailing Stop function allows to fix any sign of market movement.
    • The FXwave EA can trade both at the specified time of a day and percentage of the deposit.
    • The EA can work with pending orders and market execution.
    • It uses elements of the Martingale method to minimize losses. At that an unprofitable position is not increased.
    Requirements
    • Broker for the EA's operation: any.
    • We recommend to select brokers with tight spread if the Trailing Stop function is enabled.
    • Chart period for the EA: any period as only the price movement is used.
    • Type of order execution: Instant Execution, Market Execution (autodetection).
    • Account types: any, ECN.
    • As the EA uses virtual orders, we recommend to rent VPS.
    • Always works only with its own orders, so it will not prevent simultaneous manual trading.
    Recommendations
    • It can work on any deposit with any account currency. Required trading account balance is calculated as follows: 100$=0.01 lot.
    • Connect the Rebate spread return program. The EA trades frequently allowing you to earn some extra profit.
    • To work with several symbols, simply launch the EA on the appropriate charts.
    • If you select a pair using the EA, bear in mind availability of one-way movement of the currency pair without rollbacks equal to 300-400 points (5 digit quotes). It shows good results on EURUSD, USDCAD, GOLD.
    • Avoid trading currency pairs having long flat periods on USDCHF, EURGBP, or bi-directional price spikes on GBPUSD.
    Parameters

    • Time_start — EA operation start time;
    • TTime_end — EA operation end time;
    • Start Lot — initial lot;
    • Lot Multiplier — lot multiplier;
    • Auto_Lot — allow trading percentage of the deposit: true/false;
    • Lot_Percent — used percentage of the deposit;
    • Limit — limited number of lot multiplication instances, if reached, Start Lot is used;
    • Max_Lot — maximum position volume, when reached, or if you do not have enough money to open an order, Start Lot is used;
    • Distance — distance in points for placing pending orders;
    • Type_orders — type of placed orders: STOP or LIMIT;
    • StopLoss — virtual level of loss limitation in points;
    • TakeProfit — virtual level of profit fixation in points;
    • Enable_Trailing_Stop — enable the Trailing_Stop function;
    • Trailing_Stop_Start_Level — level to activate the Trailing_Stop function;
    • Trailing_Stop_Distance — distance to the order of the Trailing_Stop function.

    fxwave-screen-5595.jpg fxwave-screen-8192.jpg fxwave-screen-2437.jpg fxwave-screen-4117.jpg

     
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