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ZalloUSDJPY

Zallo Expert Advisor  USD JPY

Description

Custom Expert Advisor (EA) is an advanced automated trading system designed for the MetaTrader 5 platform. This EA utilizes the Williams' %R indicator and candle analysis to generate precise trading signals and effectively manage risk. It is ideal for traders looking for a robust and flexible system to automate their trading strategies.

Key Features

  • Indicators Used: Williams' %R with customizable parameters.
  • Risk Management: Settings for Stop Loss (SL) and Take Profit (TP) in pips.
  • Multiple Protections: Protections for maximum spread, maximum open positions, maximum volumes, maximum daily loss, and equity limits.
  • News Filter: Avoid trading during high and medium priority news events.
  • Detailed Statistics: Display detailed position statistics and robot performance directly on the chart.
  • Trading Session Control: Ability to configure opening and closing times for each day of the week.
  • Trailing Stop: Optional trailing stop functionality for dynamic risk management.

Input Parameters

  • Lot Size: Adjustable lot size for trades.
  • Stop Loss and Take Profit: Configurable in pips.
  • Indicator Settings: Customizable Williams' %R period and level.
  • Candle Analysis: Minimum candle height and number of consecutive candles for signals.
  • Protection Settings: Maximum spread, open positions, and lots, as well as account protection settings for daily loss and equity.
  • News Filter: Configurable news filter for specific currencies and event priorities.
  • Session Times: Adjustable trading session times for different days of the week.

Trading Details

  • Time Frame: Optimized for M30 (30 minutes) but can be adapted to other time frames based on user preference.
  • Minimum Investment: Recommended minimum account balance of $500 for optimal performance and risk management.

This EA is designed to be highly customizable, making it suitable for a wide range of trading strategies and market conditions. Whether you are a beginner or an experienced trader, the Custom Expert Advisor can help you automate and enhance your trading activities.

Disclaimer

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you could sustain a loss of some or all of your initial investment, and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.


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