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Prop Bot X

140 USD

Demo downloaded: 22

Published: 7 October 2023

Current version: 1.0

Prop Bot X

Experts
Michalis Phylactou
Version: 1.0
Activations: 5

A versatile trading EA, combining key indicators (ADX, RSI, MA) ,Hedging and news filter, with extensive customization options for precise strategy execution, backtesting and optimsation.

It can be used on any Symbol/TImeFrame and calibrated accordingly .

Features:

- Multiple Key Indicator Filters (ADX, RSI, MA).

- Grid settings.

- News Filter.

- Multiple Inputs for Total Control.

How to Use the EA:

1. Installation: Attach the EA to the chart.

2. Activate or deactivate indicator filters (ADX, RSI, MA).

3. Configure Trade Settings.

Settings:

These initial settings dictate the EA's utilization of indicators, such as RSI and ADX, along with moving averages and trading parameters.

The EA will open a buy or sell trade whenever the indicator filters allow it and proceed to manage each direction according to the Grid and Take Profit Settings.

EACH INDICATOR SELECTED ACTS AS A FILTER, NOT AS A SIGNAL

RSI SETTINGS:

- Use RSI: If set to "true," the EA will use RSI to filter initial and grid trades.

- RSI Timeframe: Timeframe for RSI to use.

- RSI Period: Number of periods RSI looks back to calculate its value.

- RSI Sell Above: Allows Sell above this RSI value. For Buy trades it has to be bellow 100 minus the value

MA SETTINGS:

- Use MA: If set to "true," the EA will use Moving Average to filter initial trades.

- MA Timeframe: Timeframe for MA to use

- MA Period: Number of periods MA looks back to calculate its value.

- MA Method: SMA, EMA, LWMA etc.

- MA Trend Rule:

(a) Trade with Trend Only:

- Allows Buys when MA1>MA2>MA3.

- Allows Sells when MA1<MA2<MA3.

(b) Avoid Opposite Trend:

- Prevents Buys when MA1<MA2<MA3.

- Prevents Sells when MA1>MA2>MA3.

ADX SETTINGS:

- Use ADX: If set to "true," the EA will use Average Directional Index (ADX) to filter initial trades.

- ADX Timeframe: Timeframe for ADX to use

- ADX Period: Number of periods ADX looks back to calculate its value.

- ADX Threshold: Min ADX value to allow trades

- ADX Trend Rule:

(a) Trade with Trend Only:

- Allows Buys when ADX>Threshold and ADX+>ADX-

- Allows Sells when ADX> Threshold and ADX+<ADX-

(b) Avoid Opposite Trend:

- Prevents Buys when the following is not true ADX> Threshold and ADX+<ADX-

- Prevents Sells when the following is not true ADX>Threshold and ADX+>ADX-

INITIAL TRADE SETTINGS:

- Entry Timeframe: Time frame for entering trades. Default = Current Timeframe.

- Lot Type: Options to select;

(a) Fixed: Uses the Lot Value

(b) Lots per 1000 equity: Calculates Lot Value based on account equity

- Lot Value: The value of initial lot size.

- Reverse Trades: If set to "false," it won't reverse the initial trade.

- Allow New Trades: Allowing a new trading sequence, set to "true."

These settings below help in managing risk, adapting to news events, and specifying trading hours. The EA can use them to make trading decisions that align with your risk tolerance and market conditions.

GRID SETTINGS:

- Lot Exponent: Rate at which lots of trades increase .

- Pip Step: Minimum distance in pips in loss to open a new trade.

- Pip Step Exponent: For increasing the pip step as more trades open (1: Constant) .

TAKE PROFIT SETTINGS:

- Stop Loss: The stop-loss in pips based on initial trades.

-Take Profit: The take-profit in pips.

- Trailing Stop Start Pips: Number of pips won for stop loss to begin trailing.

- Trailing Stop Trailing Pips: The number of pips by which the trailing stop follows the price.

When 1 trade is active in a given direction Take Profit and Trailing Stop use the Entry Price as their basis. When Multiple trading active they will be from the average open price (Break-Even Price) of all active price.

TRADING HOURS:

- Use Time Filter: An option to define a specific trading time zone.

- Start Time: Determines the start for trading in that time zone.

- End Time: Determines the end for trading in that time zone.

- Close Trades at End: Whether to close trades at the end of the specified trading hours.

- Time To Close: The time to close trades if "Close Trades After Specified Time" is set to "true."

- Close Trades on Friday: If set to "true", it means the EA will close trades on Fridays.

- Friday Close Time: The time to close trades on Fridays if "Close Trades on Friday" is set to "true."

- Trade Fridays: Whether or not the EA should engage in trading on Fridays.

RISK MANAGEMENT:

- Max Lot size: This is the maximum lot size allowed for trading. 0 = unlimited lot size.

- Max Trades Per Direction: The maximum number of trades allowed to be open in a single direction (buy or sell).

- Max Spread: The maximum allowed spread. If the actual spread is higher, the EA may not enter trades.

- Max Floating Losses: A limit on the total losses allowed (in account currency) to accumulate before the EA stops trading. The EA will restart the next day

-Daily Profit Target: A limit on the total profit allowed to be gained in a single trading day.

NEWS FILTER SETTINGS:

- Use News Filter: An option to enable or disable a news filter for the trading strategy.

- Use News Filter on Grid Trades: If set to "true," the news filter will be applied to grid trades.

- NewsImportanceLevel: You can set the importance level of news events. This will help the EA decide whether to avoid trading during high-impact news events. (KEY: 0 = None, 3 = High).

- Before News Minutes: Allow you to pause trading for a specified number of minutes before news events.

- After News Minutes: Allow you to pause trading for a specified number of minutes after news events.

- No Of News Displayed on Chart: This determines how many news events will be displayed on the chart.

- Only Use News with any of these key words: Only news events that include any of the input words will be included .Comma separated (eg jobs,sales will include news events that have the words jobs or sales)

- Ignore News with any of These Key words: Exclude news events that include any of the input Comma separated (eg home, vehicle will exclude news events that have the words home or gold)

NEWS FILTER DOWNLOADER (ACTIVE CHART ONLY):

An option to download news events, for using News Filter during backtest. It has to be used on an active chart whenever you want to download the data.

- Download News: Set true to use

- News Filter Name for Backtest: The filename where downloaded news events are stored.

- Start Date: The start date for downloading news events, represented as a timestamp.

- Currencies to Download: Specifies which currencies' to download news for.

GENERAL SETTINGS:

- Comment: This is where you can add comments or labels to the orders placed by the EA.

- Magic: This is used as a unique identifier for the EA's orders. It can help distinguish the EA's trades from others if you have multiple EAs running on the same account.

DISPLAY SETTINGS:

- Show Comments: If set to "true," this will display comments or information on your trading chart. It is a handy feature to keep track of what the EA is doing.

- Seconds Update Time: This is how often the EA updates its display on the chart in seconds. Default is set to 1 second here.

- Hide Indicators During Back test: When you're back testing your trading strategy (simulating how it would have performed historically), setting this to "true" hides the indicators on the chart for a cleaner view.

- Text Color: This sets the color of text on your trading chart.

- Break even Buy Line Color: This determines the color of the breakeven line related to "Buy" actions.

- Break even Sell Line Color: Similar to the above, but for "Sell" actions.

- Border Color: The color for main lines.

- Background Color1: custom color settings used for chart elements.

- Background Color2: custom color settings used for chart elements.

- Box Background Color

- COLOR BACKGROUND: customize the background color.

- FOREGROUND: customize the foreground color.

- COLOR GRID: customize grid color.

- SHOW GRID: show the grid or not.

-COLOR UP: colors representing upward price movements.

-COLOR DOWN: colors representing downward price movements.

- COLOR CANDLE BULL: colors for bullish (upward) candlesticks.

- COLOR CANDLE BEAR: colors for bearish (downward) candlesticks.

- COLOR LINE: The color used for lines on the chart.

- COLOR VOLUME: color settings for volume-related chart elements.

- COLOR ASK: color for the "ask" price on the chart.

- COLOR STOP LEVEL: The color setting for stop levels on the chart.

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Golden Taipan FX for XAUUSD H1 - Professional Overview Introduction Golden Taipan FX has been updated to deliver transparent and easily analyzable trades, featuring improved backtest accuracy. The system now automatically updates the timezone offset during initialization, ensuring precise entries and exits. Risk Management and Trade Settings Risk-Reward Ratio : 1:2 Stop Loss (SL) : 500 points Take Profit (TP) : 1000 points These settings offer substantial reward potential while keeping losses m

599.99 USD

8 advisors for the price of one With more to come. The last bot you'll ever need to buy! Ultimate Bot is a multi-strategy Expert Advisor trading XAUUSD, GBPUSD, AUDCAD, USDCAD, EURGBP, EURUSD, GBPJPY, USDJPY and EURJPY, using a combination of trend-following, mean-reversion and breakout patterns. Each strategy trades on account equity, so if one group is in drawdown, the others lower their risk, working together to optimise performance. Once-chart setup, just attached to AUDCAD M15 and the ot

1 350 USD

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

2 580 USD

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 (positions are sent from our database t

1 599 USD

Eternal Engine EA is an advanced Expert Advisor that utilizes multiple indicators and strategies, providing traders with a comprehensive automated trading tool. It offers numerous trading opportunities, is not sensitive to spreads, and employs strict entry points to precisely initiate each trade. The strategy has proven itself in real market, with a year-long real-time signal of low DD.Whether you're a beginner or an experienced trader, Eternal Engine EA offers an exceptional trading experience.

599 USD

Last copy at 399$ -> next price 499$ Dark Algo is a fully automatic Expert Advisor for Scalping Trading on Eurusd . This Expert Advisor is based on the latest generation of algorithm and is highly customizable to suit your trading needs. If you Buy this Expert Advisor you can write a feedback at market and get a second EA for Free , for More info contact me The basic strategy of this EA is built on a sophisticated algorithm that allows it to identify and follow m

399 USD

Introducing the FT Gold Robot MT5, your ultimate companion in navigating the intricate world of XAUUSD trading. Developed with precision and powered by cutting-edge algorithms, FT Gold is a forex robot meticulously crafted to optimize your trading performance with XAUUSD pairs . With its advanced analytical capabilities, FT Gold Robot constantly monitors the gold market, identifying key trends, patterns, and price movements with lightning speed. The FT Gold Robot opens 5 positions every day (you

499 USD

Fenghuang EA utilizes clustering principles in machine learning to analyze data, identifying groups of objects or events with similar features or relationships. It uncovers hidden patterns and categorizes objects by similarities, aiding in the discovery of causal relationships. The EA allows for in-depth data analysis, highlighting significant relationships without risky techniques like martingale, netting, or scalping, making it compatible with various brokerage environments. Read more about th

599 USD

Introducing Scalper Deriv: Elevating Your Scalping Experience. Detailed guide on how to optimize Scalper Deriv here . Setfiles and more here Are you one of those traders who find their passion in scalping and want to make the most of your capital? Whether you have a balance of $20, $200, $2000, $20000, or even $200000 in your account, we have the perfect solution for you! Introducing Scalper Deriv , the Expert Advisor (EA) designed to enhance your trading strategy and capitalize on market o

325 USD

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

699 USD

Welcome to GoldExcel EA , an effective trader for the XAUUSD pair (GOLD). Developed by our team to work in normal accounts, funded prop accounts and prop challenges! Does not use HFT! See all products here: https://www.mql5.com/en/users/fxmanagedforexltd/seller GoldEXCEL delivering 8+ months of SPECTACULAR PROFIT from 1k to 27K !!!: https://www.mql5.com/en/signals/2133201 5 star expert advisor!!! This incredible ea has rocketed a 1k account to 25+k in under 9 months. This is the real M

699 USD

Ice Box Breaker robot identifies the high and low regions and enters trades to the direction of the market whenever one of these exhibits a breakout. The robot allows the trader to specify multiple parameters such as the start and end time for forming a high -low trading zone, trading hours and exit times for active trades. Several other options to filter the entries based on volatility , as well as control for how many active and trades can open in a day. The optimisation parameters a

140 USD

This robot attempts to recover losing trades. Place a trade and if it moves in the wrong direction, the Zone Recovery algorithm initiates. An alternating series of Buy and Sell trades at two specific levels will be taking place, with two Exit Points above and beyond these levels. Once either of the two exit points is reached, all trades are closed with a combined profit or approximate breakeven. To use 1) Place the EA on a chart and select how the first trade will open (Manual/Via EA strateg

140 USD

Attempts to recover losing trades. If a trade moves in the wrong direction, the Zone Recovery algorithm begins. An alternating series of Buy and Sell trades at two specific levels take place, with two Exit Points above and beyond these levels. Once either of the two exit points is reached, all trades close with a combined profit or break even. To use 1) Place the EA on a chart and select how the first trade will open (Manual/Via EA strategy/Use EA panel/External EA) 2) Configure your r

240 USD

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