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Discussion in 'Forex Market MQL5' started by Emma McNeill, Oct 8, 2020.

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Emma McNeill
  1. Emma McNeill

    Emma McNeill Moderator
    Staff Member Organizer

    Aug 5, 2020
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    This Expert Advisor trades during periods of low market movement. During that period prices generally tend to make side ways movement, so the EA enters in the contrary direction of the identified trend.

    Trades duration depends on many factors ranging from minutes to days. Trades can be exited either by Take Profit or by Stop Loss, trailing stop can also be used.

    The only currency recommended for this system is EURCHF and it is designed for M5 and M15 timeframes.

    It is also very important to have a broker with good spreads specially during the night. ECN accounts are recommended since they help with periods of low market activity like the nights.

    Disconnecting the related pairs in the days with major events is also recommended. For instance, the drawdown depicted on the chart could be avoided if the EA had been stopped during the news release.

    • Moving Average Period (1, 2): Number of days used to calculate the Moving Average
    • Indicator Period: Period of the indicator used to find turning points
    • Hour to Start: Time to begin trading
    • Hour to Stop: Time to stop trading
    • Stop Loss Market (1, 2, 3): Stop Loss for market orders
    • Take Profit Market (1, 2, 3): Take Profit for market orders
    • Trailing (1, 2, 3): Trailing stop
    • Points to Activate: Points to activate trailing stop
    • Distance Between Orders: Distance between orders
    • Account Percent: Account percent used in each trade
    • Fixed lotsize: Set to 0 if you want to use account percent
    • Magic Number: Magic Number. If you want to use multiple currencies in one account, set different values for each currency
    • Spread Filter: Spread filter for market orders
    • Points to Pass: Used to adjust the order distance from prices
    • Trend Filter: use or not trend indicator to filter out trades
    • Trend Period: in case "Trend Filter" is set to true, this parameter defines the indicator period
    • Trend Deviation: in case "Trend Filter" is set to true, this parameter defines deviation limit to be considered a trend. Default = 0.02
    Recommended Pairs:
    • EURCHF
    • Timeframe: M5 and M15
    In case the input parameter "Points to Pass" is bigger than zero, the EA will make use of pending orders instead of markets orders.

    The "Trend Filter" parameter also added so now periods of strong trend can be, to a certain extent, avoided.

    nighttriple-screen-9536.png nighttriple-screen-4846.png nighttriple-screen-8997.png nighttriple-screen-5054.png nighttriple-screen-3378.png


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