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REGISTER PARTICIPANTS Expert Level Harvester Mt4

Discussion in 'Forex Market MQL5' started by James Goldman, Sep 6, 2020.

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  1. James Goldman

    James Goldman Moderator
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    #levelharvester

    level-harvester-logo-200x200-8822.png

    The robot places limit and stop orders at key price levels and closes orders , or the basket of orders when the profit target is reached .If the profit target is not reached by the first opened order it makes use of the power of accumulation , it accumulates orders untill the profit target is reached .

    The Lot size is not increased , but slightly decreased if the distance between orders is large and is calculated in accordance with the Risk ratio and Account Equity

    Profit Factor is calculated using lot size , for 0.01 lots the profit should be 1$ if the Profit Factor is set to 1, 10$ for 0.1 lots ,100$ for 1 lot and so on . The higher the Profit Factor , the higher the maximum potential drawdown . The same with the Risk ratio .

    The EA also has a built in working-time function for order closing to avoid widening spreads at midnight and a "Maximum Spread allowed" function when closing opened orders to avoid closing orders in widening spreads or fast movements in price , reducing the risk of closing orders in a loss instead of a profit .

    The best result is achieved on the EUR/USD pair on timeframe H1 . Lower or higher timeframes may lead to higher drawdown .

    A low latency broker is recommended and a relatively fast computer or VPS due to possible fast changes in market prices .

    Recommended Pair EUR/USD ;

    Timeframe H1 ;

    Risk - calculated correctly for accounts in USD ;

    Profit Factor - calculated correctly for accounts in USD ;

    Level - upper and lower levels from the last "X" candles in the chart ;

    MaxSpread - Maximum Spread allowed when closing orders ;

    StartTime/EndTime - Time Interval for closing opened orders to avoid midnight widening spreads .

    level-harvester-screen-1489.png level-harvester-screen-8486.png

     
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