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Discussion in 'Trading Robots Expert Advisors MetaTrader 4' started by James Goldman, Oct 12, 2020.

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  1. James Goldman

    James Goldman Moderator
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    Expert Turning Points Mt4
    #expertturningpoints


    expert-turning-points-logo-200x200-8408.png

    This reversal trade EA opens buy/sell deals according to the arrow-based Turning Points technical indicator.

    The full description of the system can be found here: You are not allowed to view links. Register or Login

    Brief description
    The EA is based on principles such as:
    • Search for the end of the ascending/descending trend.
    • Determining the support/resistance level.
    • Search for the reversal pattern based on Price Action.
    • Confirmation of the reversal by the contract volume.
    Input parameters
    ------"EXPERT money management"
    • Take Profit - the Take Profit level in points
    • Stop Loss - the Stop Loss level in points
    • Lot - position volume, lot
    • Percent of deposit - if lot is set to zero, then a dynamic lot as a percentage is used
    • The closing of all transactions when the specified profit. In percentages - close all deals once the specified profit as a percentage of the deposit is reached.
    ------"EXPERT no loss"
    • Use NO loss - use transferring to breakeven
    • Level of profit - profit level in points at which to transfer to breakeven
    • Level of loss - drawdown level in points at which to transfer to breakeven
    • Level breakeven - the number of points from the order Open to transfer to breakeven
    • Use Stop Loss on High/Low - set Stop Loss beyond the High/Low of the candle, where the order was opened
    • Distance Stop Loss - distance from the High/Low in points to set Stop Loss (the number of points away from High/Low to set Stop Loss)
    • Exit when the reverse signal - exit a profitable position when a reverse signal appears
    Important
    • By default, the EA opens market deals using a dynamic lot of 1% of the deposit. Does not set Stop Loss beyond High/Low of the candle based on the received signal.
    • Use the М15 timeframe and a Take Profit level of 100.0 points.
    • Supports symbols with 4 and 5 decimal places.
    • Does not use Stop Loss, but if an order has a drawdown greater than 200.0 points, the EA transfers them to breakeven.
    • To reduce the drawdown on the trading account, it is recommended to use the minimum working lot.
    expert-turning-points-screen-9942.png

    expert-turning-points-screen-3607.png expert-turning-points-screen-7216.png
     
    #1 James Goldman, Oct 12, 2020
    Last edited by a moderator: Nov 3, 2020
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