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Discovery EA

5

Discovery EA is a fully automated Expert Advisor that works on all Forex pairs and once installed requires very little from the user, but is perfect for the more advanced trade too due to it's many features. 

The EA is based upon the channel system but uses the channel twice to generate the signal to start trading. The 1st channel uses the higher timeframe to generate the direction of the trade (Buy or Sell), similar to a trend direction, then the 2nd channel uses a lower timeframe to generate the signal to start trading. Only when both the higher and lower timeframe signals are in agreement does a trade start. Discovery EA is fully customisable should you wish to try your own settings. but set files are provided to start trading. 

Due to the stringent requirements to start a trade sometimes there can be time without a trade starting and that is why it can be used over multiple currency pairs at the same time. But DO NOT apply to every currency pair - choose your currency pairs. Please see the live signal for working suggestions to start you off. 

The trading options are flexible and can either be a single trade or a grid with or without lot multiplier. 

There are added security measures for safer trading:- 

  1. The EA will close all positions on a each currency pair when it reaches a certain level of loss (the level of loss can be changed in the EA),
  2. There is a time setting for how long the lower timeframe has to generate a signal before the higher timeframe becomes invalid and then the EA starts searching for a trade all over again. 

To test Discovery EA, you will need to test each currency pair individually and then combine these results to work out the true potential of this EA.

For Live Signals and Products visit the page: -  https://www.mql5.com/en/users/jims99/seller

Set Files - A full list of set files will be given on the comments page - so there is no need to alter the settings whatsoever just update with the correct set files and start trading.

But for those of you who wish to change / adapt the settings to your requirements please see the list of settings below.

Settings (if a setting is repeated on the EA it will not be repeated here)

Channel width - to increase the width of the channel

Max. Lookback Bars (0 = Unlimited) -  the max. bars that the built in indicator is allowed to lookback and find a signal at the first run to prevent slow loading

Channel History Calculation - how many bars of history are used to generate the channel

Live or Closed Bar - Is the signal generated when the bar is closed (finished) or during a Live bar

Use Timeframe - True / False - if you do not want to use the higher timeframe option it can be turned off by setting to False

Valid Time of Signal (0 = not use), min - is a time setting (in minutes) for how long the lower timeframe has to generate a signal from when the higher timeframe signal is generated before the higher timeframe becomes invalid and then the EA starts searching for a trade all over again

Time Start - When active trading can start for the day

Time End - When active trading finished for the day

Max Orders - the maximum number of orders placed by the EA on that currency pair

Distance, pips - If you choose more than 1 max order then this is the distance between orders

Take Profit, pips - The amount of profit

Stop Loss, pips - The amount of stop loss

Slippage, pips - The allowable amount of slippage before a trade wont be placed 

Max Certain Loss of all grids, % balance - When this percentage is reached all orders on that currency pair is closed

Initial Lot - The starting lot size 

Use Money Management -  True or False for the next setting % from equity 

% from equity - The starting lot is worked out on this % of the equity of the balance of the account

Lot multiplier  - The next trade size will be the previous trade size multiplied by this figure

Max Lot - The maximum size of any single trade

Order Comment - The name of the EA

Magic number - A unique number to distinguish between other EA's active on your platform

Use Trailing Stop - True or False

Start Point, pips - The number of pips before the Trailing stop starts

Trailing Step, pips - The amount of the price has to move before the Trailing Stop moves

Trailing Value, pips - The gap from the price to the latest Trailing Stop

Show Statistic -  True or False - You can either show or hide the relevant statistics for that currency pair on the chart

Show Close Buttons -   True or False - You can manually close all the orders if you so wish by clicking on Close Buy or Close Sell or Close All - these buttons can be shown or hidden



Bewertungen 2
jeffcwdai
568
jeffcwdai 2024.08.08 06:02 
 

reliable and safe strategy, as spacing between entries has 100 pips. Quick response to questions. Thanks James

Mohammed Jeelle Iidle
1402
Mohammed Jeelle Iidle 2023.11.03 18:39 
 

I am extremely satisfied with the Discovery EA, It consistently generates profits with each trade it opens. The accuracy and reliability of this EA have exceeded my expectations. The key advantages of the Discovery EA are the free updates, settings files, and ease of use. I appreciate the well-designed algorithm and the consistent results it provides. This purchase has been a game-changer for my trading, and I highly recommend it to anyone seeking a profitable long-term trading solution. Support from the developer is very good so far as well so that is a credit. Thank you for delivering a top product!

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We proudly present our cutting-edge robot, the  Big Forex Players EA  designed to maximize your trading potential, minimize emotional trading, and make smarter decisions powered by cutting-edge technology. The whole system in this EA took us many months to build, and then we spent a lot of time testing it. This unique EA includes three distinct strategies that can be used independently or in together. The robot receives the positions of the   biggest Banks   (p ositions are sent from our databa
Nasdaq100 Algo Trading MT4
Lo Thi Mai Loan
Experten
Live-Signal-1: Hier klicken MT5-Version: Hier klicken Erhalten Sie das Quantum Algo EA kostenlos (für 2 Handelskonten) -> kontaktieren Sie mich nach dem Kauf Willkommen bei Nasdaq Algo Trading Dieses EA (Expert Advisor) wurde von einem Team mit über 13 Jahren Erfahrung in Programmierung und Handel erstellt und entwickelt. Das EA konzentriert sich auf die Entwicklung eines Systems, das langfristig und stabil Gewinne erzielen kann. Es verwendet risikofreie Strategien und vermeidet Methoden
Neon Trade MT4
Evgeniy Ilin
Experten
# Neon Trade MT4 Unsere Telegram-Gemeinschaft Wir präsentieren Ihnen Neon Trade – eine einzigartige Innovation im Bereich des algorithmischen Handels auf den Währungsmärkten, die fortschrittliche Methoden des maschinellen Lernens verwendet. Unser Berater ist vollständig autonom und bereit zum Arbeiten nach der Installation auf jedem Diagramm und Zeitrahmen. Es arbeitet nach dem Prinzip - hängte es an die Tabelle und vergaß es. Das Einzige, was Sie tun müssen, ist den Zugang zu meiner API " http
Quantum Algo Trading MT4
Lo Thi Mai Loan
5 (8)
Experten
Nur noch 2 Kopierer zu diesem Preis, der nächste Preis beträgt $993 Überprüfen Sie die Live-Ergebnisse hier: $50K Persönliches Signal:   [Hier klicken] Prop-Firma Live-Signal:   [Hier klicken] MT5-Version hier:   [Hier klicken] Willkommen bei   Quantum Algo Trading MT4 EA . Dieses EA ist darauf ausgelegt, mehr als nur ein mechanisches System zu sein; es wird Ihr Begleiter auf Ihrer Handelsreise ein Leben lang sein. Das EA verwendet ein Ausbruchssystem mit einem Algorithmus, der von jemand
Candle EA MT4
Mansour Babasafary
4.42 (48)
Experten
This expert is based on patterns The main patterns of this specialist are candlestick patterns Detects trends with candlestick patterns It has a profit limit and a loss limit, so it has a low risk The best time frame to use this expert is M30 time frame The best currency pairs to use with this expert is the EURUSD, GBPUSD, AUDUSD, USDCAD currency pairs Attributes: Can be used in the EURUSD, GBPUSD, AUDUSD, USDCAD  currency pairs Can be used in M30, H1, H4 time frames Has profit limit an
Daytrade Pro Algo
Profalgo Limited
5 (6)
Experten
Aktion starten: Begrenzte Anzahl von Exemplaren zum Tagespreis erhältlich Endpreis: 990 $ NEU: Erhalte 1 EA gratis!   (für 2 Handelskonten) Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP:   Click here Set Files Willkommen bei DayTrade Pro Algo!   Nachdem ich jahrelang die Märkte studiert und verschiedene Strategien programmiert habe, habe ich einen Algorithmus gefunden, der alles hat, was ein gutes Handelssystem braucht: Es is
Ai Hybrid Robot MT4
Mansour Babasafary
5 (3)
Experten
Several experts in one expert With this expert, you can use several up-to-date strategies Enhanced with artificial intelligence Can be used in several popular forex currencies Can be used in the most popular forex time frames Without using high-risk strategies Attributes : Can be used in the EURUSD , GBPUSD , USDCHF , AUDUSD , USDCAD , NZDUSD  currency pairs Can be used in M30 , H1 , H4 , D1 time frames Has profit limit and loss limit Without using risky strategies like martingale or hedg
Hercules AI MT4
Aleksandr Chebotaev
3.5 (2)
Experten
Hello, my name is Alexander. I would like to introduce you to my new development, the Hercules AI advisor. The advisor is synthesis of Price Action Method and Artificial Intelligence technologies.  It doesn't use  any indicators. The EA works well on Gold  pair. The advisor has shown stable performance for more than 10 years. It does not use dangerous trading methods such as martingale, etc. All transactions are protected by take profit and stop loss. I tried to make the advisor as easy to insta
Bitcoin Robot MT4
Marzena Maria Szmit
5 (13)
Experten
The Bitcoin Robot  MT4 is engineered to execute Bitcoin trades with unparalleled   efficiency and precision . Developed by a team of experienced traders and developers, our   Bitcoin Robot   employs a sophisticated algorithmic approach (price action, trend as well as two personalized indicators) to analyze market and execute trades swiftly with   M5 timeframe , ensuring that you never miss out on lucrative opportunities.   No grid, no martingale, no hedging,   EA only open one position at the sa
GoldPulse AI
Babak Alamdar
3.53 (15)
Experten
Kaufen Sie keinen Backtest, sondern ein echtes Handelssystem Dieser Preis ist für die Dauer der Aktion befristet und wird in Kürze erhöht Erhalten Sie 1 EA kostenlos -> kontaktieren Sie mich nach dem Kauf Zum aktuellen Preis sind nur noch wenige Exemplare verfügbar, der nächste Preis liegt bei -->> 1480 $ Welcome to the GoldPulse AI Hey, I'm GoldPulse AI! Dies ist der erste intelligenteste Roboter, der Gold oder XAU mit vollständigen Paaren wie XAUUSD, XAUEUR, XAUGBP, XAUAUD, XAUJPY, XA
Scalping forex robot M5
Andrey Kozak
Experten
Robotertestergebnisse: Ersteinzahlung: 1000, Gesamtnettogewinn: 11999, Gewinnfaktor: 2,58, erwartete Auszahlung: 2,48, Drawdown: 5,49 %. Das empfohlene Währungspaar für den Handel ist XAUUSD (Gold). Empfohlene Zeiträume: M5 Empfohlenes Startguthaben: $500 oder mehr. Der empfohlene maximale Spread für XAUUSD beträgt 20 Pips. Kontotyp: ECN. Wie handelt dieser Roboter? Technische Beschreibung des Roboters: Der Roboter „Scalping Forex Robot M5“ ist ein aktiver Gold-Scalper-Roboter. Der Roboter
Btcusd Grid
Ahmad Aan Isnain Shofwan
Experten
BTCUSD GRID EA ist ein automatisiertes Programm, das zur Verwendung der Grid-Handelsstrategie entwickelt wurde BTCUSD GRID EA ist sowohl für Anfänger als auch für erfahrene Händler äußerst nützlich.   Es gibt zwar andere Arten von Trading-Bots, die Sie verwenden können, aber die logische Natur der Grid-Trading-Strategie macht es für Krypto-Grid-Trading-Bots einfach, automatisierten Handel ohne Probleme durchzuführen.   BTCUSD GRID EA ist die insgesamt beste Plattform, wenn Sie einen Grid-Tradin
R Factor EA
Raphael Minato
4.78 (40)
Experten
R FACTOR Multi Strategy Expert Advisor with Proprietary Dynamic Portfolio Management System After 4 years of development and more than    3    years  of real positive results , R Factor is available for MQL5 community! It has always been important for us that the strategies performed positively for the creator before it could be shared.     Skin In The Game  is essential to demonstrate the belief in the strategy and also to provide a continuous improvement of it. Anyone who has been in this
Oracle MT4
Stanislav Tomilov
4.1 (10)
Experten
Oracle Trading Expert the Quintessence of Modern Programming Technologies Expert Oracle for MetaTrader, trading on GBPUSD and Gold, represents the quintessence of modern programming technologies. Our unique proprietary methods and developments are based on advanced machine learning concepts, making our trading expert truly one-of-a-kind. We offer cutting-edge modules and neural architecture that embody innovative advancements in financial programming. Our algorithms rely on in-depth data analysi
US30 Scalper EA MT4
Lo Thi Mai Loan
5 (5)
Experten
Startaktion! Nur noch wenige Exemplare zum aktuellen Preis verfügbar! Nächster Preis: 1533 $ Endpreis: 1993$ Live signal:  https://www.mql5.com/en/signals/2220893?source=Site+Profile+Seller MT5:   https://www.mql5.com/en/market/product/107337?source=Site+Profile+Seller For more top Expert Advisors and Indicators, visit:   https://www.mql5.com/en/users/lothimailoan/seller I am Los, please subscribe to receive more updates:   https://www.mql5.com/en/users/lothimailoan/news US30 Scalper EA ist
Auswahl:
jeffcwdai
568
jeffcwdai 2024.08.08 06:02 
 

reliable and safe strategy, as spacing between entries has 100 pips. Quick response to questions. Thanks James

Mohammed Jeelle Iidle
1402
Mohammed Jeelle Iidle 2023.11.03 18:39 
 

I am extremely satisfied with the Discovery EA, It consistently generates profits with each trade it opens. The accuracy and reliability of this EA have exceeded my expectations. The key advantages of the Discovery EA are the free updates, settings files, and ease of use. I appreciate the well-designed algorithm and the consistent results it provides. This purchase has been a game-changer for my trading, and I highly recommend it to anyone seeking a profitable long-term trading solution. Support from the developer is very good so far as well so that is a credit. Thank you for delivering a top product!

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