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Published:

2017.09.15 12:50

II (Outbreak).mq4 (28.25 KB) view

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The Expert Advisor is supposed to pyramid into big and fast market movements. It adds up on profitable trades and instantly trails them when in profit. Trades are entered when potential outbreak of big movement is identified. The advisor uses inbuilt functions for calculation of volatility, trend formation and timing to enter the trade.

Inputs

Commission - commission per round lot.
SpreadThreshold - maximum spread (in points) to open orders (if spread is higher than set threshold Expert Advisor won't open trades).
MagicNumber - order magic number.
WarningAlerts - set to true if you want the warnings to be printed.

Open Two Pending Orders

Automatic placing of Buy Stop pending order and Sell Stop pending order simultaneously, Stop Losses and Take Profits on the user specified levels. As soon as the long position (BUY) is opened as ASK price crosses the levels, the remaining pending order (SELLSTOP) is deleted. Vice versa if the short position (SELL) is opened as BID price crosses the levels, the remaining pending order (BUYSTOP) is deleted. It places again both pending orders after the opened order has been closed.

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The indicator marks the days of the week with a colored histogram in the chart sub-window.

II (Outbreak) EA - expert for MetaTrader 4

Inputs