Select language
Balance replenishment ALIEBAY

REGISTER PARTICIPANTS Expert The Punched Range Mt4

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

Stage:
Recruitment of participants
Price:
30.00 USD
Participants:
0 of 5
Organizer:
Is absent
  1. Emma McNeill

    Emma McNeill Moderator
    Staff Member Organizer

    Joined:
    Aug 5, 2020
    Threads:
    1,451
    Messages:
    1,452
    Video Channel:
    1
    Likes Received:
    1
    Country:
    Ireland
    #thepunchedrange

    the-punched-range-logo-200x200-9298.png

    Operation principles
    The Expert Advisor works on any timeframe and symbol.

    The main idea: flat is always followed by a strong movement.

    The EA determines when the price is located within a particular Delta_Range price range for a certain amount of time set in Time_Minus_Minut. Both parameters are customizable.

    The robot sets two BUYSTOP and SELLSTOP pending orders for a specified delta_stop_run time period on a Set_Delta_Price_Stop distance from the previous price range with the specified Set_TakeProfit, Set_StopLoss and lot volume values.

    If the price moves beyond the range and a pending order turns into a market one, the second pending order is closed.

    The EA contains the TrailingStop block making STOPLOSS follow the price.

    Parameters
    • Set_Lots – pending order lot volume.
    • Set_TakeProfit – profit gained by opened pending orders. The applied format: (200). Recommended values are 50 and higher. The minimum value is limited by your broker.
    • Set_StopLoss – stop loss for pending orders. The applied format: (500). The minimum value is limited by your broker. Recommended value is 200.
    • Set_TrailingStop – trailing stop. The applied format: (150). The stop loss follows the price at a specified distance when it moves to a profitable area. Recommended value is 50.
    • Delta_Range – price range, within which the price is located before pending orders are opened. The applied format: (120). Recommended value is 140.
    • delta_stop_run – two pending orders lifetime in minutes. If the time is up and no order is activated, both orders are removed. The applied format: (120).
    • Set_Delta_Price_Stop – distance between the price range and pending orders open price. Recommended value is 40. The minimum value is limited by your broker.
    • Time_Minus_Minut — time period, during which the price is located within a user-defined range.
    If your broker uses suffixes or prefixes in symbol names and the EA does not work on them, contact me and I will implement changes for you.


     

Share This Page

Select language
Balance replenishment ALIEBAY
  • Subscribe to new topics

    Subscribe
  • International online service AliEbay