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REGISTER PARTICIPANTS Expert Outside Bar Pro Mt4

Discussion in 'Forex Market MQL5' started by Emma McNeill, Oct 7, 2020.

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  1. Emma McNeill

    Emma McNeill Moderator
    Staff Member Organizer

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    #outsidebarpro

    outside-bar-pro-logo-200x200-7480.png

    The strategy is based on the Outside Bar pattern. An outside bar is a signal candlestick that completely covers the previous one, including its shadow. If the close price is above the high of the previous candlestick, a buy trade is opened; a sell order is opened if close is below the low. The product is designed for 4 and 5-digit quotes. Use a VPS server

    Launching the EA
    It is recommended to launch the EA on several adjacent currency pairs with the same magical numbers. For example:

    • GBPUSD, EURUSD, AUDUSD, NZDUSD;
    • or USDCAD, USDCHF;
    • or GBPJPY, EURJPY, AUDJPY, NZDJPY;
    • or other similar linked pairs.
    Allow multi-currency trading. Inp_Multicurrency – if true, the EA will work with the same magic number on all symbols it is launched on. When a specified profit, drawdown, breakeven or trailing is reached, all orders in the same/different direction are closed and the trading is started anew.

    In order to provide operation of the news filter: In the terminal, open Tools ---> Options ---> Expert Advisors ---> add "You are not allowed to view links. Register or Login" to the "Allow WebRequest for listed URL list" field.

    The EA Template Advantages
    • Compatibility of different template possibilities for modifying or expanding a trading strategy;
    • The maximum possible compatible functionality;
    • Easy to optimize.
    Main Parameters
    • Inp_NewsFilter – disable trading during news releases;
    • Inp_NewsImpotance – importance of the upcoming news;
    • Inp_StopBeforeNews, Inp_StartAfterNews – minutes before and after the news release when opening of new positions is not allowed;
    • Inp_StartTime, Inp_EndTime – allowed trading time, not used if set to 00:00;
    • Inp_BalanceLots – calculation of lot based on the balance value (maximum lot/100*Inp_BalanceLots);
    • Inp_StartLots – initial lot if Inp_BalanceLots = 0;
    • Inp_MaxSlippage – maximum allowable slippage;
    • Inp_PercenValues – stop loss, take profit, breakeven and trailing are set in %, otherwise in points;
    • Inp_StopLoss – stop loss, not used if 0;
    • Inp_TakeProfit – take profit, not used if 0;
    • Inp_MagicNum – magic number. If -1, it works with all orders;
    • Inp_EaComment – comment to trades;
    • Inp_ReverseTrades – reverse positions will be opened, i.e. sell instead of by and vice versa;
    • Inp_DiffDirections – allow opening oppositely directed orders;
    • Inp_ModeWithdrawal – disable opening of new positions, the EA will only continue to close positions;
    • Inp_Multicurrency – take into account positions on all symbols when calculating stop loss, take profit, breakeven and trailing stop;
    • Inp_CloseOnSignal – close positions in case of an opposite signal;
    • Inp_CloseAllOrders – close opposite orders if hit total profit or loss;
    • Inp_BreakevenStop, Inp_BreakevenStep – the distance and profit in points for a position breakeven, not used if 0;
    • Inp_TrailingStop, Inp_TrailingStep – the distance and profit in points for a position trailing, not used if 0;
    • Inp_DiffLotsByLock – lock the volume difference of positions of a symbol, not used if 0;
    • Inp_MaxOrdersSeries – maximum number of orders in one direction;
    • Inp_MaxLotsSeries – maximum aggregate lot in the order series in one direction;
    • Inp_MaxOpenLots – the maximum allowable lot of one trade;
    • Inp_SendOrderLevel – distance from the last open position to allow placing a level to open a new order;
    • Inp_PauseMinutes – pause in minutes between order Open level modifications and order placing, 0 – not used;
    • Inp_LevelAveraging – averaging level placing step, 0 – not used;
    • Inp_PlusLot – component of the previous lot for averaging, not used if 0;
    • Inp_PlusRatio – lot multiplier for averaging, a value must be greater than 1, not used if 0;
    • Inp_LevelRebuy – step for setting the rebuy level, not used if 0;
    • Inp_MinusLot – subtract from the previous lot for additional lot, not used if 0;
    • Inp_MinusRatio – lot decrease ratio for additional lot, a value must be below 1, not used if 0;

    outside-bar-pro-screen-5788.jpg outside-bar-pro-screen-8408.jpg

     

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