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Hunter on the channel breakout Bot

Hunter on the channel breakout Bot

The Expert Advisor places the necessary amount of BuyStop and SellStop pending orders with predefined StopLoss and TakeProfit levels at the specified time daily.

The EA calculates the channel width using the ZigZag indicator and sets a grid of BuyStop and SellStop pending orders according to the specified settings. The first pair of BuyStop and SellStop pending orders is placed at a predetermined distance from the channel borders. The distance is set in the percentage of the calculated channel width. The channel width is calculated by the specified amount of the ZigZag peaks. StopLoss and TakeProfit levels are set for each order (specified in the parameters). The next pair of orders is set at the TakeProfit level of the previous one.

Pending order placing time is set in the EA parameters. The time of non-activated pending order removal is also specified in the parameters.

The parameter values ​​specified in paragraphs (zero, second or fourth decimal place).

The EA works on any symbol and timeframe (TF).

You can set a special number to distinguish the EA's orders from orders of other tools. You can attach the EA to different charts with same instrument but different parameters. In this case, you should set different numbers for each chart. You do not have to change a number if charts have different instruments. There won't be any confusion.

Adjustable Parameters

  • Size of the bet, lots - bet size of each grid order in lots
  • TakeProfit level, pips - profit for each grid order in points
  • StopLoss level, pips - stop level for each grid order in points
  • Number of bets in the series - number of orders in each series (1 is a single pair of orders - one BuyStop and one SellStop)
  • Indentation from the channel to % - indentation of the first pair of pending orders from the channel border in percentage of the channel width
  • Time of placing trades - pending order placement time (hour:min) - server time
  • Time of removal deals - pending order removal time (hour:min) - server time
  • Waiting time of the orders, min - order send waiting time in minutes
  • To send the expiry date - send pending order expiration time to the server (set to False in case of error 147)
  • Number of calculation points zigzag - number of the ZigZag reference points for plotting the channel
  • Slippage - slippage (parameter for placing orders)
  • Room Advisor - EA's magic number
  • Depth - the setting of the zigzag indicator - Depth ZigZag indicator parameter (see below)
  • Deviation - the setting of the zigzag indicator - Deviation ZigZag indicator parameter (see below)
  • Backstep - the setting of the zigzag indicator - Backstep ZigZag indicator parameter (see below)
  • Arrow color orders BuyStop(Blue) - BuyStop order arrow color (no arrows by default)
  • Arrow color orders SellStop(Red) - SellStop order arrow color (no arrows by default)
  • Transfer to break-even (0=Off), pips - value in points at which the order is transferred to breakeven
  • Minimum profit when break-even, pips - the value of the breakeven points
  • Display a comment (ON / OFF) - display comments in the upper left corner? (well/no).

Depth is a minimum amount of bars that will not have the second maximum/minimum less/more by Deviation pips than the previous one. Backstep is a minimum number of bars between maximums/minimums.

It is reasonable to set the indentation of the first pair of pending orders by Fibonacci levels - 23.6, 38.2, 50.0, 61.8.

Comments

The EA shows the following data in the upper left corner of the active chart:

  • the EA name and its basic parameters
  • calculated channel width
  • calculated indentation of the first pair of orders

Alternative Use

The EA can be used instead of the Hunter on the channel breakout BuyStop SellStop script for the automated setting of an order grid.

Example

Figures indicate an example of the EA setting and its testing in the strategy tester. The parameters are set with no selection and optimisation.

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Waka Waka EA
Valeriia Mishchenko
4.31 (48)
Experts
EA has a live track record with 4.5 years of stable trading with low drawdown: Live performance MT5 version can be found here Waka Waka is the advanced grid system which already works on real accounts for years. Instead of fitting the system to reflect historical data (like most people do) it was designed to exploit existing market inefficiencies. Therefore it is not a simple "hit and miss" system which only survives by using grid. Instead it uses real market mechanics to its advantage to make p
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AW Trading Software Limited
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Experts
AW Trend Predictor EA - an Expert Advisor that trades using trend indicator signals AW Trend Predictor. Uses indicator strategies TakeProfit and StopLoss. Can use multi-timeframe filtering. Has a fixed StopLoss or StopLoss calculated by the indicator. Time-based work and averaging are functionally possible. Instruction and description ->  HERE  / MT5 version ->  HERE   Benefits: Uses a fixed StopLoss or dynamic StopLoss calculated by the indicator based on the current volatility Has the funct
Miliron mt4
Nadiya Mirosh
Experts
The   Milioron   robot, developed for the Forex market, has significant flexibility and offers many mechanisms for maintaining a series of orders. It allows traders to automate and optimize their trading using built-in strategies and risk management approaches. Some of the main features and capabilities of the Milioron robot include: 1. **Flexibility of settings**: The robot provides traders with a wide range of parameters and settings that can be adapted to specific trading strategies and
Gold Scalper Trading
Ho Tuan Thang
4.15 (13)
Experts
ONLY 3 COPIES OUT OF 10 LEFT AT $399! After that, the price will be raised to $499. Gold Scalper Trading is an EA that uses a complex trading methodology that includes cross-market analysis to find scalpable entry points with XAUUSD, one of the market's wildest running pairs. EA uses stop loss for all orders, only 1 order and does not use any dangerous trading methods: No grid, no martingale,... Gold Scalper Trading is one of the EAs I have used. using and trading with fund management account
Stock Indexes EA MT4
Marzena Maria Szmit
5 (1)
Experts
Stock Indexes EA is a sophisticated trading robot meticulously engineered to capitalize on the dynamics of the US30 . This expert advisor employs advanced algorithms and technical indicators to analyze market trends, identify potential entry and exit points, and execute trades with precision. A news filter has also been added to the robot, which prevents it from opening a position during important economic news , minimizing the risk. In robot, you can also specify the days and hours when the EA
Bonnitta EA
Ugochukwu Mobi
2.9 (20)
Experts
Bonnitta EA  is based on Pending Position strategy ( PPS ) and a very advanced secretive trading algorithm. The strategy of  Bonnitta EA  is a combination of a secretive custom indicator, Trendlines, Support & Resistance levels ( Price Action ) and most important secretive trading algorithm mentioned above. DON'T BUY AN EA WITHOUT ANY REAL MONEY TEST OF MORE THAN 3 MONTHS, IT TOOK ME MORE THAN 100 WEEKS(MORE THAN 2 YEARS) TO TEST BONNITTA EA ON REAL MONEY AND SEE THE RESULT ON THE LINK BELOW. B
Quantum Quotient MT4
Mohammadmahdi Sanei
Experts
Special offer is available at 79$   Quantum price will be increased after 24 hours Introducing the Quantum Quotient for Traders and PropFirms aspirants. This automated trading system implements a strategy without MARTINGALE and GRID tactics , meticulously constructed using proprietary technical and fundamental indicators. These methodologies have undergone rigorous testing and refinement for over a year. The Quantum Quotient strategy encompasses four key steps: 1. Supply and Demand Analysi
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Version 2.2 2020.07.09
1. A new item in Settings - Display a comment (ON / OFF) - display comments in the upper left corner or not.
2. Now the value in points will be recalculated for CFD, where one decimal place (you can not write extra zero).
3. Check the allowed number of pending orders.
4. Check the setting wait time.
5. Cleaning the screen after removing the adviser.
6. Fixed zero value profit and stop.
Version 1.1 2015.08.28
Fixed errors.