The Expert Advisor trades during the
Asian session according to the CCI, Bollinger Bands indicators. If the
price moves in unfavorable direction, an order grid is placed, with a
dynamic step depending on the indicator values. The EA features a
breakeven function, four position exit filters.
Signal of the EA: https://www.mql5.com/en/signals/348964
Input parameters:
The EA works best on the following pairs: GBPCAD, USDSGD, EURCAD, EURCHF, GBPCHF, NZDUSD, AUDNZD,GBPAUD,NZDCAD,EURUSD,AUDCAD,AUDUSD.
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Signal of the EA: https://www.mql5.com/en/signals/348964
Input parameters:
The EA works best on the following pairs: GBPCAD, USDSGD, EURCAD, EURCHF, GBPCHF, NZDUSD, AUDNZD,GBPAUD,NZDCAD,EURUSD,AUDCAD,AUDUSD.
General Settings
- Set Name - name of the set file.
- Magic Number - magic number.
- Lot - fixed lot size for the EA to open orders.
- DepoPer001Lot - automatic lot size as the specified deposit amount per 0.01 lot.
- Take Profit - fixed take profit value in points.
- Dynamic TP: Channel Percent - take profit calculated as the specified percentage of the current channel width of the BB indicator.
- Dynamic TP: Min Size - the minimum take profit value when using 'Dynamic TP: Channel Percent', in points.
Extra Settings
- Max Spread - the maximum allowable spread in points.
- ExitDDPercent - drawdown percentage to force close all orders.
- StopByMaxDD - drawdown percentage at which the EA is not allowed to open new grids.
- StopByMaxSymbolTrades - the maximum number of trading pairs allowed in the market at a time.
- StopEqualCurrencyTrade - check the unidirectional trading pairs in the market and prohibit entries on them.
MetaTrader 4
The signal
Enter Settings
- BB: Period - period of the Bollinger Bands indicator.
- BB: Deviation - deviation of the Bollinger Bands indicator.
- BB: Delta - indent of the Bollinger Bands indicator from the boundaries (can be in both direction), in points.
- BB: Min Channel Width - the minimum width of the Bollinger Bands channel at which the EA is allowed to trade, in points.
- CCI: Period - period of the Commodity Channel Index indicator. If 0, the indicator signal is ignored.
- CCI: Level - level of the Commodity Channel Index indicator. Calculated for the opposite signs. That is, at 'CCI: Level = 100' the levels 100 and -100 will be used.
Candle Size Filter
- UseMaxCandleForAllOrders - use the maximum candle size filter for all orders of the grid. If False, it is used only for the first order.
- Max Candle Size - the maximum sum of the last N candles' lengths (from High to Low), above which the EA will not open new orders.
- Bars For Analyze - the number of recent candles on the chart to analyze the candle sizes.
Grid Settings
- ATR Period for Distance - ATR period for calculating the minimum allowable distance between grid orders.
- ATR Multiplier - multiplier for the ATR value.
- Multiplier 3 level - lot multiplier, used only for the third leg of the grid. The second leg is always opened with the initial lot size.
- Multiplier > 3 level - lot multiplier for the grid, starting from the fourth leg.
- TPDecreasePercent - reduce the TP of the grid by the specified percentage every time a new grid leg is opened.
- BE_Level - number of the leg to move the grid TP to breakeven.
- Averaging_Level - number of the leg at which the lot multiplication stops and the lot size is set equal to the last used value.
Exit Settings
- Exit Profit Percent - percentage of take profit, at which the four filters for exiting positions start working.
- Exit BB Filter: Out Channel Distance - distance from the opposite channel boundary of the BB indicator in points, at which the closure will occur.
- Exit CCI Filter: Period - period of the CCI indicator to force close the position when an opposite indicator signal appears.
- Exit MA Filter: Period - a position is closed when the Moving Average with this period changes direction.
- Exit Time Filter: Minutes - the number of minutes since last order, after which profitable positions are closed.
1 Order Trade Time Filter
- GMT Offset - time offset of the broker server from GMT, in hours.
- Start Trade Hour - hour to start trading.
- Start Trade Minute - minute to start trading.
- End Trade Hour - hour to stop trading.
- End Trade Minute - minute to stop trading.
1 Order Rollover Filter
- Rollover Filter - if true, activates the filter.
- Start Rollover Hour - hour for the filter to start working.
- Start Rollover Minute - minute for the filter to start working.
- End Rollover Hour - hour for the filter to stop working.
- End Rollover Minute - minute for the filter to stop working.
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