Market / MetaTrader 5 / Experts /

Multindicator Strategy

450 USD

Demo downloaded: 8

Published: 6 July 2024

Current version: 6.1

Multindicator Strategy

Experts
Erafazira Binti Mohammad
Version: 6.1
Activations: 15

Multindicator Strategy EA by O'Dav

Overview: The Multindicator Strategy EA by O'Dav is a sophisticated trading algorithm designed to automate your trading strategies using a combination of multiple technical indicators. Developed with Expert Advisor Studio, this EA is ideal for traders looking to implement advanced strategies with minimal manual intervention.

Features:

Multi-Indicator Strategy: Integrates various technical indicators like Average True Range (ATR), Alligator, Stochastic Signal, and ADX to make informed trading decisions.
Flexible Settings: Easily customize the parameters of each indicator to suit your trading style.
Risk Management: Includes settings for Stop Loss, Take Profit, and position sizing to manage risk effectively.
Entry and Exit Protections: Ensures trades are only placed under favorable conditions by limiting spread, open positions, and more.
News Filter: Optionally filter trades based on high and medium-impact news events to avoid volatility.
Comprehensive Statistics: Provides detailed position and robot statistics for better analysis and optimization.

Inputs:

Expert Properties:
- Magic Number: Unique identifier for the EA's trades.
- Entry Amount: Lot size for each trade.
- Stop Loss: Maximum loss in pips per trade.
- Take Profit: Profit target in pips per trade.
Indicators Settings:
- Average True Range:
  - Period: Number of periods for calculation.
  - Level: ATR threshold level.
- Alligator:
  - Jaws Period: Period for the Jaws line.
  - Jaws Shift: Shift for the Jaws line.
  - Teeth Period: Period for the Teeth line.
  - Teeth Shift: Shift for the Teeth line.
  - Lips Period: Period for the Lips line.
  - Lips Shift: Shift for the Lips line.
- Stochastic Signal:
  - %K Period: Period for the %K line.
  - %D Period: Period for the %D line.
  - Slowing: Smoothing factor for the %K line.
- ADX:
  - Period: Number of periods for calculation.
  - Level: ADX threshold level.
Entry Protections:
- Max Spread: Maximum allowable spread in points.
- Max Open Positions: Maximum number of open positions.
- Max Open Lots: Maximum lot size for open positions.
Account Protections:
- Max Daily Loss: Maximum allowable daily loss in currency.
- Min Equity: Minimum equity to allow trading.
- Max Equity: Maximum equity to allow trading.
News Filter:
- News Priority: Enable/disable news filter and set priority (High only or High and Medium).
- News Currencies: Currencies to consider for the news filter.
- News Before Medium: Time in minutes to avoid trading before medium-impact news.
- News After Medium: Time in minutes to avoid trading after medium-impact news.
- News Before High: Time in minutes to avoid trading before high-impact news.
- News After High: Time in minutes to avoid trading after high-impact news.
- News View Count: Number of news records to show.
Settings:
- Show Indicators: Display indicators on the chart.
Stats:
- Position Stats: Enable/disable position statistics.
- Robot Stats: Enable/disable robot statistics.

Risk Disclosure: Trading in futures and forex involves substantial risk and is not suitable for every investor. It is possible to lose all or more than your initial investment. Only risk capital, which is money that can be lost without jeopardizing one's financial security or lifestyle, should be used for trading.

For more information, visit the Expert Advisor Studio website.

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