This product is not only an EA that may open orders when the worth crosses a shifting common. Certainly, the principle benefits of this EA are:
- It contains extra filters (2nd MA, RSI, Pivot Factors…).
- It has an entire administration of orders (closing on reverse sign, break even, trailing cease, closing earlier than weekend, max misplaced or win / day …).
- It will possibly work with all market watch symbols directly.
Beneath is the backtest of this EA for GBPUSD (default settings) from 01/01/2024:
Detailed options are described on the product web page. Beneath is the record of EA settings with explanations.
-====Normal settings====-
Symbols: symbols for alerts & buying and selling (all or image on the chart)
There are a number of prospects to decide on which symbols needs to be scanned:
– ‘Solely image on the chart’ : you must use this selection for backtests or if you wish to apply the bot on the chart image ;
– ‘All main foreign exchange pairs’ : the bot will scan all 28 main foreign exchange pairs (EUR/USD/GBP/CHF/AUD/NZD/JPY) ;
– ‘Market watch’ : the bot will scan all market watch symbols ;
– ‘Solely symbols listed under’ : solely symbols listed within the subject under will likely be scanned
Symbols to scan or exclude: write right here symbols to scan (‘Solely symbols listed under’ mode) or to exclude (‘All main foreign exchange pairs’ and ‘Market watch’ mode)
Dealer prefix (if vital): just for brokers who use prefixes. For instance, sort m for mEURUSD
Dealer suffix (if vital): just for brokers who use prefixes. For instance, sort m for EURUSDm
If a number of symbols have to be entered on this subject, they have to be separated by commas
Use Timer: outline buying and selling days and hours
Orders will solely be opened on buying and selling days. Nonetheless, orders might be closed/modified even outdoors of the established time if not less than one of many following parameters is enabled:
– ‘Max % misplaced/day’ ;
– ‘Max % win/day’ ;
– ‘Shut orders earlier than weekend’ ;
– ‘Shut on reverse crossing’ ;
– ‘Shut order if worth closes above/under a Ma’ ;
– ‘Break even’ ;
– ‘Trailing cease’.
Monday: alerts & buying and selling on Mondays
Tuesday: alerts & buying and selling on Tuesdays
Wednesday: alerts & buying and selling on Wednesdays
Thursday: alerts & buying and selling on Thursdays
Friday: alerts & buying and selling on Fridays
Saturday (crypto): alerts & buying and selling on Saturday (typically for crypto buying and selling)
Sunday (crypto): alerts & buying and selling on Sunday (typically for crypto buying and selling)
Begin time: begin of the session
Finish time: finish of the session
Indicators alerts: terminal and/or smartphone notifs
Buying and selling alerts: terminal and/or smartphone notifs
Consumer remark: permits every motion of the robotic to be recognized, might be left clean
-====Transferring averages settings====-
Timeframe: all MT5 timeframes
Warning! If you wish to use the timeframe of the chart, use the worth “CURRENT”!
For those who use one other worth, the present chart timeframe won’t have an effect on the Ma calculation.
Crossing validated at: precise bar or as quickly because the bar is closed
Really useful worth: ‘as quickly because the bar is closed’. An order will likely be opened if a crossover is detected in the course of the present bar and whether it is nonetheless there when the bar is closed.
Min bars after earlier crossing: the crossing is validated if no crossing in the course of the earlier x bars
This setting is there to keep away from market noise and a interval of vary. Because of this if a cross happens, the earlier cross will likely be situated. The EA will rely the variety of bars between the two crossings (present and former). 2 options:
– Variety of bars < x: the order isn’t open;
– Variety of bars >= x: the order is open.
Reversed logic: purchase and promote logic of the two MA crossing is reversed
Really useful worth: false
Ma interval: interval of the MA
Ma methodology: SMA / EMA / SMMA / LWMA
Ma utilized worth: CLOSE / OPEN / HIGH / LOW / MEDIAN / TYPICAL / WEIGHTED
Ma shift: shift of the MA
-====Filters settings====-
-=2nd Transferring common settings=-
Use a 2nd MA: checks if worth is above (purchase sign) or under (promote sign) this MA
Ma2 timeframe: all MT5 timeframes
Word: to keep away from pointless backtests in optimization mode, the ‘Identical than Ma1’ has been added to routinely present the identical timeframe for Ma2 than for Ma1.
Ma2 interval: interval of the 2nd MA
Ma2 methodology: SMA / EMA / SMMA / LWMA
Ma2 utilized worth: CLOSE / OPEN / HIGH / LOW / MEDIAN / TYPICAL / WEIGHTED
Ma2 shift: shift of the 2nd MA
-=RSI settings=-
Use RSI: checks RSI worth earlier than opening an order
RSI Timeframe: all MT5 timeframes
RSI interval: interval of the RSI filter
RSI utilized worth: CLOSE / OPEN / HIGH / LOW / MEDIAN / TYPICAL / WEIGHTED
RSI shift: shift of the RSI filter
Min RSI worth for a purchase order: the RSI have to be better than this worth to validate a purchase order
Max RSI worth for a purchase order: the RSI have to be decrease than this worth to validate a purchase order
Min RSI worth for a promote order: the RSI have to be better than this worth to validate a promote order
-=ADX settings=-
Use ADX: checks ADX worth earlier than opening an order
ADX Timeframe: all MT5 timeframes
ADX interval: interval of the RSI filter
Min ADX worth for a purchase or promote order: the ADX have to be better than this worth to validate a purchase or promote order
-=Pivot factors settings=-
Each day PP: checks if worth is above (purchase sign) or under (promote sign) each day PP
Weekly PP: checks if worth is above (purchase sign) or under (promote sign) weekly PP
Month-to-month PP: equivalent to the earlier parameter for month-to-month PP
Word: the extra filters carried out, the less orders will likely be opened. For those who discover that there aren’t sufficient open orders, strive disabling some filters.
-====Buying and selling settings====-
-=Normal settings=-
Permit buying and selling: if false, solely alerts are operational. It’s also attainable to take note of purchase orders or promote orders solely.
Magic quantity: have to be distinctive if different EA are working
‘Max open orders’, ‘Max % misplaced/day’ and ‘Max % win/day’ are calculated from the magic quantity. For instance, in case you have 3 EAs with the identical magic quantity, the overall variety of orders opened would be the sum of the orders opened in these 3 EAs.
Max open orders: max variety of orders opened concurrently (if 0, no max)
Max misplaced/day (in % of fairness): if max worth is reached, the EA open orders are closed and no different order is opened till the subsequent day (if 0, no max)
The calculation relies on fairness and never steadiness. So as to pace up the backtests, the calculation is finished each hour throughout backtests, as a substitute of each minute for an actual buying and selling session.
Max win/day (in % of fairness): if max worth is reached, the EA open orders are closed and no different order is opened till the subsequent day (if 0, no max)
Identical comment than for ‘Max misplaced/day (in % of fairness)’.
Max drawdown (in % of fairness): if max worth is reached, the EA open orders are closed and the EA is closed (if 0, no max)
Identical comment than for ‘Max misplaced/day (in % of fairness)’, however the calculation is finished each 5 minutes (for backtests and actual buying and selling periods).
Shut orders earlier than weekend: shut all EA orders on Friday
Closing time earlier than weekend: if ‘Shut orders earlier than weekend’ is ‘true’
Use cash administration: if ‘true’, lot dimension in % steadiness
Fastened tons dimension: lot dimension per order (if ‘Use cash administration’ is ‘false’)
Lot dimension in %: % steadiness per order (if ‘Use cash administration’ is ‘true’)
Max unfold: max allowed unfold to open an order (if 0, no max unfold)
Warning: if the worth of the unfold is just too low, no order will likely be opened! To keep away from any drawback, it’s endorsed to set the worth ‘0’ for the backtests.
Max slippage: max allowed slippage to open an order
Identical comment as ‘Max unfold’.
-=SL & TP settings=-
SL in pips, factors…: cease loss x pips above/under present worth
TP in pips, factors…: take revenue x pips above/under the present worth
-=Further closing settings=-
Shut on reverse crossing: shut the order if the two MA cross within the different path (just for ‘previous_bar’ mode)
If the crossing was not convincing, one other crossing within the different path might happen throughout subsequent bars. This parameter prevents the order from being closed too early.
Open an order on reverse crossing: opens a brand new order if one other order simply closed with the ‘Shut on reverse crossing’ parameter
-=BE/TS/Grid settings=-
Break even: if ‘true’, break even is activated
Break even revenue in pips, factors…: triggers the break even from a sure revenue in pips, factors…
Trailing cease: if ‘true’, trailing cease is activated
Path revenue in pips, factors…: triggers the trailing cease from a sure revenue in pips, factors…
Path distance in pips, factors…: distance in pips, factors… between trailing cease and worth
Path step in pips, factors…: step in pips, factors… for the trailing cease
Open extra orders: an extra order is opened every time the revenue reaches a step
Max extra orders (per image) : ‘Open extra orders’ have to be ‘true’
It’s higher to have smaller tons than for fundamental orders.
It’s higher to have smaller tons than for fundamental orders.
Revenue step in pips, factors… to open an extra order: every time the revenue reaches this step, a brand new order is opened
SL in pips, factors… of extra orders: SL in pips, factors… of the extra orders
TP in pips, factors… of extra orders: TP in pips, factors… of the extra orders
- Earlier than utilizing the ‘All main foreign exchange pairs’ mode, confirm that the 28 main foreign money pairs are current within the “Market Watch” tab of MT5.
- It’s endorsed to make use of multi-symbol mode for alerts solely. When a worthwhile methodology is discovered on a logo, it’s higher to use it in ‘only_symbol_on_the_chart’ mode.
- The EA works for all sorts of symbols however in some circumstances (relying on the dealer), variations on SL and TP must be carried out with sure varieties of symbols (apart from foreign exchange and indices). On this case, settings in pips or factors must be multiplied by 10 to match the right worth. Instance: for a cease lack of $10 on the Oil image the ‘SL in pips, factors…’ parameter should take the worth 100 and never 10 (x10). Exams might be carried out in backtest to seek out the fitting worth.
Main foreign exchange pairs :
EURUSD / GBPUSD / USDCHF / AUDUSD / USDCAD / USDJPY / NZDUSD
EURGBP / EURCHF / EURAUD / EURCAD / EURJPY / EURNZD
GBPCHF / GBPAUD / GBPCAD / GBPJPY / GBPNZD
AUDCHF / CADCHF / CHFJPY / NZDCHF
AUDCAD / AUDJPY / AUDNZD
CADJPY / NZDCAD
NZDJPY
