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REGISTER PARTICIPANTS Expert Small Candles Mt4

Discussion in 'Forex Market MQL5' started by James Goldman, Sep 29, 2020.

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  1. James Goldman

    James Goldman Moderator
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    #smallcandles

    small-candles-logo-200x200-9104.png

    This EA uses my breakout strategy to open trades. It is based on the previous two candles' price and a break of the last candle High/Low.

    It works well on USDJPY. The robot contains a manual stop loss and take profit and a trailing stop based on the previous candle High/Low.

    It also has a position sizing feature to increase/decrease the lot size based on a percentage of your account size.

    Inputs
    • Trail=true - trail all open positions for a chart symbol, false =no trailing
    Timeframe you want to trail with: the lowest timeframe that is set to true will be the trailing timeframe

    • MNtrail=false - if true, trail on MN1
    • W1trail=false - if true, trail on W1
    • D1trail=false - if true, trail on D1
    • H4trail=false - if true, trail on H4
    • H1trai=false - if true, trail on H1
    • M30trail=false - if true, trail on M30
    • M15trail=false - if true, trail on M15
    • M5trail=false - if true, trail on M5
    • M1trail=false - if true, trail on M1
    Entry timeframe you want to use: the lowest timeframe set to true will be used for an entry trigger

    • MNentrytf=false - if true, enrty trigger taken from MN1
    • W1entrytf=false - if true, enrty triggertaken from W1
    • D1entrytf=false - if true, enrty triggertaken from D1
    • H4entrytf=false - if true, enrty triggertaken from H4
    • H1entrytf=false - if true, enrty triggertaken from H1
    • M30entrytf=false - if true, enrty triggertaken from M30
    • M15entrytf=false - if true, enrty triggertaken from M15
    • M5entrytf=false - if true, enrty triggertaken from M5
    • entrywiggle=10 - maximum number of pips allowed to deviate from the buy and sell triggers and still allow trading
    • wiggle=20 - pips added to trailing stop location for price volatility, keeps stops tight but not too tight
    • buyok=true - buying is allowed, false=no buying allowed
    • sellok=true - selling is allowed, false=no selling allowed
    • usePercentMM=true - use your account free margin to determine your lot size, false=use a fixed lot size from below
    • PercentMM=75 - percent of your free margin you want to use to open a position if usePercentMM=true
    • usesmallerlotsforlargeracct=true - reduces the position size for larger account sizes; over $25,000 only if usePercentMM=true
    • lots=0.01 - fixed lot size used when usePercentMM=false
    • TP=140 - take profit in pips
    • SL=25 - stop loss in pips
    • maxspread=2.0 - maximum allowed distance between Bid and Ask prices
    • delaybuysell=86400 - minimum number of seconds to wait after opening a position before opening another new position, i.e. if a trade is opened at 3:00 and then closed at 3:01 and if delaybuysell=3600, then the next trade cannot open until 4:00, 3 600 seconds after the last position opened
    Thank you for your interest in my product!

    small-candles-screen-3611.png

     

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