Market / MetaTrader 5 / Experts /

SalarymanEA

Demo downloaded: 8

Published: 22 July 2024

Current version: 1.1

SalarymanEA

Experts
Jose Luis Thenier Villa
Version: 1.1
Updated: 29 July 2024
Activations: 10

Salaryman EA, inexahustible, as it works 24/7 into the forex market.

SalarymanEA is a customizable multicurrency sophisticated expert advisor that trades into 7 currency pairs; AUDCAD, AUDNZD, NZDCAD, USDCAD, GBPCAD, AUDUSD and NZDUSD

The advisor is based on the following principles:

Market levels of liquidity are hidden from charts, Salaryman EA identifies critical zones of liquidity based on several propietary indicators.
The market should not know our operations, for this we use our own indicators that allow execution and verify conditions very frequently. Furthermore, the SL and TP values are managed from the terminal and not from the broker's side to protect us from manipulations.
Customizable settings to use unique levels allows the user to bypass probabilistically trades with lower profit ratio using a propietary filter
For those who like martingales, we include customizable multipliers, if you don't like them simply leave them at 1.

Instructions:

Open a single chart of AUDCAD using M30 timeframe and load Salaryman EA
All the currency pairs are traded using MQL code, only one chart is neccesary for the EA to work
Check if your broker symbols are correct or use custom suffix as some brokers use them (for example .r -Z or others), if so write the suffix manually into settings
It will load automatically the currency pairs into market watch, SP500 symbol is used to detect volatility induced flash crashes and stops trading under certain conditions

Recommendations:

Minimum deposit: 2000 USD
Leverage: >1:100 recomended, lower leverage options (1:30) only with specific and restricted settings.
Account type: ECN, RAW, Razor or any other with low spreads, write me if you want recommendations

Options:

Suffix for symbols: For broker-specific symbols using suffix (.r, -Z and others)
Symbol-specific averaging: Tries to close trades in loss when most recent trades goes into profit to quickly decrease deposit load whenever possible
Threshold to activate averaging: Activates averaging after X trades (lower number makes it safer but it decreases protitability)
Maximum number of trades per symbol: As explained, do not use more than 15 to avoid affecting the logic
Maximum number of trades across all symbols: Limiting the number of trades potentially reduces deposit load and protects from unexpected severe movements
Multiplier for trades 1-5: One as default
Multiplier for trades 6-10: When 6th trade is opened, lot size increases to improve profitability ratio, recommended 3
Multiplier for trades 11-15: Rarely occurs, recommended 5
Filter for currency pair: Starts with 0.1 to 1; use 99 to stop trading that specific pair
Lotsize per 1000 units for currency pair: Default lotsize is recommended but it can be lowered to stay safe

Live Trading:

https://www.mql5.com/en/signals/1975768

https://www.mql5.com/en/signals/1696414

Launch price for the first 10 buyers, next price 999 USD.

Warning:

Before using Salaryman EA, be aware of the risks involved in trading, and automated trading in particular, the developer cannot guarantee the correct functioning of your terminal and broker. Past results are no guarantee of future results. Do not trade with money you are not willing to lose.

Default settings are recommended.

Once EA is loaded in chart, please wait some minutes to let the EA collect the variables, when EA is working the panel will show up. Please always verify SP500 symbol is correctly loaded, if not just stop trading and write me.

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Version 1.1 2024.07.29

Version 1.1: A filter to avoid opening trades during high/unfavourable spread conditions is now included.