GenericEA A-TLP: the EA created by traders for traders
Hello ladies and gentlemen Forex traders. As you know, the most attractive trading robots are commercial advisers. The tests, the developers promise you a million percent profit and a boat with Babes. Usually, this is a blatant lie, but sometimes really interesting ideas, good implementation of the classic approaches. This example is Advisor to Asia, where we met a fresh look for night scalping that sofa experts "buried" in 2009. Traders from our forum was taken as a basis for the idea of this commercial robot, completely revised, improved and updated — in the end we got a great bot, created by regular traders, such as you to profit from trading (and not from sales of the bot population), with completely open source, with a jeweler's precision selected settings and, of course, absolutely free.
Team of developers Generic A-TLP
Sergey5 — initiator and project Manager
yur4ello
— Senior Programmer (senior developer of the project)
nixxer —
reverse-engineer, expert in algorithms
master_255 —
programming
grabli — programming,
testing
LeoK testing
Mamotaro testing
The old algorithm of finding solutions,
the system notations
Characteristics of the EA
platform: Metatrader 4Version of the EA: 9.02
Currency pairs: GBPUSD, USDJPY, GBPCAD, GBPCHF, EURGBP, EURCHF, USDCAD, USDCHF
Timeframe: M15
Hours: Asian session
Recomendet brocer: Alpari
Strategy Advisor
The EA is a trend scalper. Trade entry occurs when pullbacks from the main trend. Trend and at the same time channel is the indicator "Bollinger tape" (Bollinger Bands). Orders are opened when the rebound from the channel boundaries for a certain specified number of points. Closing orders may occur on stop loss, take profit, also at the spacing from the boundaries of the Bollinger Bands. The expert Advisor does not use martingale and grid orders. It is possible to set a time limit of the EA for each day separately. The expert is very reliable and profitable robot, as evidenced by tests and results on real accounts.
An example of the EA
The EA back tests
The back tests done for each pair separately, because the platform Metatrader 4 does not allow multicurrency testing. The first series of tests is done with a fixed lot. This allows you to evaluate test results without considering money management.
The test results are good
Generic ATLP 9.0 2000 2016 GBPCHF lot MM2
The test results are good
Generic ATLP 9.0 2000 2016 EURGBP lot MM2
The test results are good
Generic ATLP 9.0 2000 2016 GBPCAD lot MM2
The test results are good
Generic ATLP 9.0 2000 2016 EURCHF lot MM2
Generic ATLP 9.0 2000 2016 GBPUSD lot MM2
Generic ATLP 9.0 2000 2016 USDCAD lot MM2
The test results are good
Generic ATLP 9.0 2000 2016 USDCHF lot MM2
The test results are good
Generic ATLP 9.0 2000 2016 USDJPY lot MM2
The test results are good
Using the program EA Analyzer will make a consolidated statement for all pairs of tests with proportional lot .
Conclusion: EA Generic A-TLP when working with proportional lot 8 pairs showing strong profit growth.
Real account monitoring
Description of settings
MagicNumber — magic orders for this pair=Comment — comments to orders=
Max_Spread — maximum spread, at a value of -1.0 is not limited to=
Slippage — slippage=
Stop_Loss — stop loss=
Take_Profit — take profit=
to use dynamic TP — includes a dynamic take profit(calculated from bandwidth)=
%% TP of the channel width — see previous paragraph=
min_TP — minimum take profit=
use break-even switch breakeven=
If the current price is better than the entry price in pips — specifies the amount to indent from the price of X items=
the moved SL to Y pips in profit — value adjustments of stop loss in pips=
Channel_Period — period channel indicator based on volatility=
Entry_Break — the indent size from the walls of the channel in pips at the entrance=
Exit_Distance — the indent size from the walls of the channel in pips to close the order=
MaxDailyRange — value filter for maximum daily values, affects the frequency of inputs=
Lots — fixed lot size=
Auto_Risk — dynamic lot size=
Min_Volatility — minimum volatility=
Exit_Profit_Pips — the value of the floating profit is used in the filter exit 2=
Reverse_Profit — the value of the floating profit is used in the output filter No. 3=
Exit_Minutes -the existence of an open order is used in the output filter No. 1=
Time_Profit_Pips — the value of the floating profit is used in the output filter No. 1=
Filter # 1 (for exit opportunities) -filter is enabled, output # 1: if the order is open more Exit_Minutes minutes and floating profit more Time_Profit_Pips=
Filter # 2 (for exit opportunities) — filter is enabled, output # 2: if the price broke through the upper border of the channel and the floating profit more Exit_Profit_Pips=
Filter No. 3 (trade exit) — turn filter at the output No. 3: if the moving average reduced the floating profit of more than Exit_Profit_Pips=
Color info panel — sets the color of the dashboard=
DayOfWeek Filter — filters the time by days of the week
*for example Monday=
traded on MONDAY? — YES/NO=
monday_open — opening trading on Monday (may open new orders)=
monday_pause_start — the beginning of the pause in the trade=
monday_pause_stop the end of the pause in the trade=
monday_close the end of trading on Monday (not open new orders)=
*similarly you can set parameters in the rest of the week=
Attention! The filter is configured for the recommended brokers! If You want to use the EA Generic A-TLP at other brokers, you must adjust the time settings in accordance with the terminal time. From recommended brokers in summer GMT+3 in winter, GMT+2. That is, if for example Your broker Letov GMT+2 in winter and GMT+1, the setup time should be reduced by 1 hour.
For more information, see here:
How do you set the correct GMT offset
What is the time shown in MetaTrader?
Roll Over filter the filter rollover
close trades in the rollover — YES/NO
the start time of the rollover — specifies the end hour of the trade day, with a value of "-1" does not work
the end time of the rollover, the value of the filter for maximum daily values, affects the frequency of inputs
It is recommended to use the sets given in the end of the article.
Attention! Do not change anything in the EA parameters and use only the recommended values unless you know what you're doing!
Recommended money management
Recommended risk per trade of 2% of the Deposit for each pair. A lot can be calculated by using a special calculator, or simply to establish the level of risk in the EA's parameters, and everything will be calculated automatically.
The results
EA Generic A-TLP is a truly national development. When involved self-interest and greed when there is enthusiasm and a sincere love for their work, are born into the world masterpieces.
The stability and profitability of a trade is confirmed by tests and monitoring on a real account. In the long term yield can some time to be in the neutral zone. Also note that the EA trades not that often.
Important !
For correct operation of the EA, the trading terminal must be enabled with the opening of the market on Sunday evening to the closing on Friday evening. If you are not able to keep the computer in working order 24/5, it is recommended to use a VPS server.
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