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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
784
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
1469
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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The EUR/USD Multi-Strategy Trading Robot MT4 is an advanced tool designed to optimize trading by combining 3 key systems:   daily trading, volume analysis, and Fibonacci   retracement levels. This robot works by integrating these different approaches to create a more dynamic and adaptable strategy for trading the   EUR/USD pair . EA adapts to different market conditions, this makes it an ideal solution for traders looking to enhance their trading strategy with a powerful, multi-faceted approach.
AlphaFlow EA MT4
Dolores Martin Munoz
Experten
Alpha Flow EA: Ihr Trading auf das nächste Level bringen Alpha Flow EA   ist ein hochmoderner Trading-Advisor, der entwickelt wurde, um Ihr Trading-Erlebnis durch strategische Präzision, Anpassungsfähigkeit und fortschrittliche Marktanalyse zu revolutionieren. Mit proprietären Handelsalgorithmen und tiefen Marktkenntnissen bietet   Alpha Flow EA   außergewöhnliche Leistung in unterschiedlichen Handelsumgebungen und hilft Ihnen, den Markttrends stets einen Schritt voraus zu sein. Echte Handelssig
Stock Indexes EA MT4
Marzena Maria Szmit
5 (1)
Experten
Stock Indexes EA is a sophisticated trading robot meticulously engineered to capitalize on the dynamics of the US30 . This expert advisor employs advanced algorithms and technical indicators to analyze market trends, identify potential entry and exit points, and execute trades with precision. A news filter has also been added to the robot, which prevents it from opening a position during important economic news , minimizing the risk. In robot, you can also specify the days and hours when the EA
Secret Impulse MT4
Eugen Funk
3.33 (18)
Experten
Der EA eröffnet eine Position, wenn der Markt während der New Yorker Sitzung (höheres Volumen) in Bewegung kommt. Auf diese Weise wird das Momentum durch das Volumen gestützt, und wir können mit hoher Wahrscheinlichkeit sofort den Take Profit erreichen. Signal (292%, 10% DD):   https ://www .mql5 .com /en /signals /2274145 Eröffnung bei Momentum während der New Yorker Sitzung Der EA erkennt den versteckten Impuls durch FVGs auf niedrigeren Zeitintervallen. Wird der Impuls kurz vor oder während
Tree Of Life
Oeyvind Borgsoe
Experten
Tree Of Life EA is an fully automatic trading advisor which recognise patterns and trends in a highly accurate manner. It is designed to generate stable long-term gains while providing excellent risk management. After years of trading and testing, we have discovered spesific combinations of indicators and internal calculations that secure a solid foundation for a robust strategy. The main indicators Tree Of Life uses are the Moving Average and Stochastic. Together with internal calculations, ou
CyNeron MT4
Svetlana Pawlowna Grosshans
3.8 (5)
Experten
CyNeron: Präzision im Trading trifft auf KI-Innovation Signale :   CyNeron Handbuch & Set-Dateien : Kontaktieren Sie mich nach dem Kauf, um das Handbuch und die Set F iles   zu erhalten Preis : Der Preis steigt basierend der Anzahl der verkauften Exemplare Verfügbare Exemplare : 5 KI-gestützte Snapshot-Analyse: Eine Marktneuheit CyNeron ist der erste EA auf dem Markt, der fortschrittliche KI in einen revolutionären Handelsansatz integriert, indem detaillierte Momentaufnahmen der Marktbedingunge
XG Gold Robot MT4
Marzena Maria Szmit
4.52 (27)
Experten
The XG Gold Robot MT4 is specially designed for Gold. We decided to include this EA in our offering after   extensive testing . XG Gold Robot and works perfectly with the   XAUUSD, GOLD, XAUEUR   pairs. XG Gold Robot has been created for all traders who like to   Trade in Gold   and includes additional a function that displays   weekly Gold levels   with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading. It’s a strategy based on  Price
Nasdaq100 Algo Trading MT4
Lo Thi Mai Loan
5 (1)
Experten
Live-Signal-1: Hier klicken MT5-Version: Hier klicken 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 wie Martingale, Grid und Hedging sowie Strategien mit übermäßig langen Stop-Losses, die praktisch dasselbe
DS Gold Robot MT4
Marzena Maria Szmit
4 (4)
Experten
Introducing the DS Gold Robot, your ultimate companion in navigating the intricate world of XAUUSD trading. Developed with precision and powered by cutting-edge algorithms, DS Gold is a forex robot meticulously crafted to optimize your trading performance with  XAUUSD pairs . With its advanced analytical capabilities,  DS Gold  Robot   constantly monitors the gold market, identifying key trends , patterns, and price movements with lightning speed. The DS Gold Robot opens positions every day from
Leopard Scalper EA
Clement Bongola
Experten
Leopard Scalper EA v3.0 – Aktualisierungsbeschreibung Optimiert für EURUSD-Handel auf beliebigen Charts Übersicht: Leopard Scalper EA wurde in dieser Version erheblich verbessert, mit sorgfältigen Anpassungen zur Steigerung der Leistung und Stabilität. Ursprünglich für GOLD (XAUUSD) auf dem M5-Zeitrahmen entwickelt, zeigt es nun bessere Ergebnisse auf EURUSD und kann auch auf anderen Instrumenten wie BTC, ETH, XRP, GAS, OIL (XTI), US30 und US100 verwendet werden. Benutzer sollten jedoch vorsicht
Big Forex Players MT4
Marzena Maria Szmit
4.74 (31)
Experten
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
Golden Lab AI MT4
Thu Huyen Trang Nguyen
Experten
Golden Lab AI is quite a unique trading system: It operates 100% based on technical analysis. It can integrate fundamental analysis related to deposit interest rates (channel rate mode). For the channel rate mode, you need to contact me before purchasing it. Flexible SL - TP. Single orders only, with no high-risk trades like grid or martingale. Default SL is only 2%. Trades are carefully selected and combined with daily interest rates to determine the main trend, which results in fewer trades—av
ToTheMoon MT4
Daniel Moraes Da Silva
Experten
ONE OF THE FEW ROBOTS WITH A SIGNAL HISTORY OF MORE THAN 3 YEARS AND AMONG THE TOP 10.   LINK TO MY ROBOTS AND SIGNAL PRESETS: In my profile there is a link to download the PRESETS that I use in my SIGNALS, you can download and backtest for free, there are explanations in the README MANUAL. https://www.mql5.com/en/users/tec_daniel   SOME EXAMPLES OF SIGNALS ON “mql5.com” BEING TRADED BY THE ROBOT, ALL MY SIGNALS ARE TRADED BY THE ROBOT, I ONLY CHANGE PRESET SETTINGS: https://www.mql5.com/en/user
Mansa Musa Flipping Robot
Allistair Kabelo Mandow
Experten
AFTER PURCHASE TEXT ME DIRECTLY FOR ASSISTANCE!!!! Manual & set files: contact me after purchase to receive the manual and set files Price: The price increases based on the number of licenses sold Available copies: 4 Manual & set files: contact me after purchase to receive the manual and set files Price: The price increases based on the number of licenses sold Available copies: 4 Trading gold, one of the most volatile instruments in the market, demands precision, in-depth ana
LENA Scalp
Cence Jk Oizeijoozzisa
4.4 (5)
Experten
LENA Scalp MetaTrader 5 Version: demnächst verfügbar Mit fortschrittlicher Stop-Loss-Technologie und künstlicher Intelligenz bietet der Lena Expert Advisor ein innovatives Handelserlebnis. Der Lena-Roboter verwendet keine großen Stop-Loss-Level, kein Martingale und kein Grid-Trading. Stattdessen nutzt er ein dynamisches Stop-Loss-System, das sich an die Marktbedingungen anpasst. Die KI-gestützte Analyse hilft dabei, wichtige Marktchancen zu identifizieren, die auf der sorgfältig entwickelten
Auswahl:
jeffcwdai
784
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
1469
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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