Name: Universum 3.0
Rating: 3.95 (20 reviews)
Author: Vladimir Karputov

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Published by:

Vladimir Karputov

Views:

3422

Rating:

(20)

Published:

2017.01.26 09:24

Updated:

2018.06.27 15:18

Universum 3.0.mq5 (20.02 KB) view

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Author of the idea — Yury Reshetov, author of the MQL5 code — barabashkakvn.

Increasing the lot after a losing trade. OnTradeTransaction. Entry signals are based on the DeMarker indicator.

Expert Advisor Input Parameters

p — period for the DeMarker oscillator Optimized with the values from 3 to 100 with step of 1.
tp — take profit in pips. Optimized with the values from 10 to 100 with step of 1.
sl — stop loss in pips. Optimized with the values from 10 to 100 with step of 1.
lots — lot size of the first order and all orders opened after a losing trade. The parameter is not optimized.
mn — magic number. The parameter is not optimized.
losseslimit — limit the number of losing trades in a row. The parameter is not optimized. In case the number of losses reaches a limit, the EA stops opening new trades and sends a message e-mail.

Lot increase ratio is calculated by the formula:

double k=(ExtTakeProfit+ExtStopLoss)/(ExtTakeProfit-spread);

The EA works only at newly formed bars and opening prices. There is no need to optimize it using Every tick mode.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/17079

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The WeightOscillator indicator with the timeframe selection option available in the input parameters.

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The Chart on Chart indicator displays a chart of other symbol on the current chart.

Universum 3.0 - expert for MetaTrader 5