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REGISTER PARTICIPANTS Expert Rebate System Overlap 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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    #rebatesystemoverlap

    rebate-system-overlap-logo-200x200-2305.png

    Rebate System performs a large number of trades with the minimum profit, which gives the opportunity to earn from receiving rebates (returning part of a spread).
    It is based on two grids (buy and sell), when one of them is in a drawdown, the other one can enter with an increased lot size, keeping the account away from the drawdown.
    Differences from the usual EA Rebate System in the mode of closing long-term losing trades in one of the grids due to the previously received profit.
    Input parameters
    • StopAfterTP – stop trading after closing all grids;
    • SetName - Name of set, checked with the name of the currency pair;
    • TF_FirstOrder – period for opening the first orders in the grid;
    • TF_SeriesOrder – period for opening averaging orders;
    • Lot – lot size;
    • Takeprofit – take profit;
    • StepNextOrder – the minimum allowed distance between grid orders;
    • LotMultiply – multiplier for the lot of the current open order of the grid;
    • MaxTrades – the maximum number of orders in the grid;
    • Overlap order number - Order after whom enable the mode of closing the most distant orders with the profit already received;
    • Raise take after overlap - Increase the take after the overlap is triggered
    Lock parameters
    • Lock - number series – the number of order in the series after which the opposite grid increases the lot for locking;
    • Lock - % lots grid – locking percentage, lot size as a percentage of the sum of the opposite grid;
    • Lock - max lot – the maximum lot size of the first locking order.
    Other parameters
    • Close at drawdown, % - Close all orders when the specified drawdown on the account is reached;
    • Pause after close, hour - How not to trade after the closing of the drawdown;
    • Slippage – slippage;
    • MagicNumber – identification number;
    Visualization parameters
    • Color_BE_buy – color of the breakeven level for buy orders;
    • Color_BE_buy – color of the breakeven level for buy orders;
    Parameters are for four-digits quotes, they will be multiplied by 10 on five-digit instruments.

    rebate-system-overlap-screen-8643.png rebate-system-overlap-screen-1119.png

     
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