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REGISTER PARTICIPANTS Expert Pythagoras Mt4

Discussion in 'Forex Market MQL5' started by James Goldman, Sep 13, 2020.

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  1. James Goldman

    James Goldman Moderator
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    #pythagoras

    pythagoras-logo-200x200-4469.png

    This is a night scalper expert advisor. Tries to collect 6-8 pip targets during the night.

    Trade decision is made using some M15 bands.

    Intro:
    • Timeframe: M15 (test using M1 every tick mode)
    • Pair: GBP/USD
    • Trade Style: Night scalper
    EA Parameters:
    • StopLoss: Stop loss value for each order. Default : 50 pips
    • TakeProfit: Target pips for each order. Default: 6 pips (TP changes inside dynamically around this number.)
    • Risk: Defines leverage used for each order. Default: x50
    • OpenHour: Start trading at this hour. Default: 23
    • CloseHour: Stop trading at this hour. Default: 02
    • BandDistance: Price movement from opposite side band. Default: 10 pips
    • MaxSpread: Maximum allowed spread when opening a position. Default: 2.0
    • RuHourBack: if your MT4 terminal hour is back from original MetaQuotes MT4 hour, use this parameter. Example: if your MT4 terminal hour is back 1 hour from MQ MT4, you should set RuHourBack=1, but do not change OpenHour and CloseHour (EA avoids to trade at some critical hours).
    Technical Details:
    • Broker Selection: ECN brokers with max 0.9 pip GBP/USD spreads should be preferred
    • Testing: You can test this EA using M1 in every tick mode. All timeframes are hard coded internally. Real run on M15 charts.

    pythagoras-screen-7987.png pythagoras-screen-5967.png

     

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