Market / MetaTrader 5 / Experts /

Search light CFD

500 USD

Demo downloaded: 10

Published: 3 August 2024

Current version: 1.4

Search light CFD

Experts
Kazuya Koizumi
Version: 1.4
Updated: 19 August 2024
Activations: 8

This EA determines entry points based on local chart fluctuations and automates trading of CFDs and Forex pairs without using common methods such as martingale or Bollinger bands.

Features:

Entry points are determined by the following criteria:

- Fall → Fall → Currently higher than the base difference = BUY entry

- Rise → Rise → Currently lower than the base difference = SELL entry

That's all there is to it.

It's simple, but that's why this feature is seen in many symbols.

By adjusting the parameters, you can deal with a variety of trading targets.

(Do not set each parameter to zero. 0 will operate as the default value.)

For more information, see the Blog page https://www.mql5.com/ja/blogs/post/758621

Risk warning:

This program does not guarantee profits. Test results using past data do not guarantee future results.

Please note that there is a risk of losing funds.

Disclaimer:

Please note that if you set the parameters to form an upward-sloping graph, the number of transactions may be very small, and in some cases, no transactions may occur for more than several months.

As a rule, all open positions will be closed when the unrealized loss exceeds 98% of the balance.

Please note that if the set value of Lots is less than the minimum value of the symbol, the minimum lot will be automatically assigned and a transaction will be attempted.

By purchasing the EA, you agree that the creator is not liable for any damages caused by the use of this program.

Acknowledgements:

We would like to thank everyone who helped develop this EA. Thank you.

Created by ALTERWORKS - 2024

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Version 1.4 2024.08.19

Version 1.4:
- Trailing stop has been improved and made an official setting item. This allows for long-term operation to be taken into consideration.
- Other minor adjustments have been made.

Version 1.3 2024.08.17

version1.3:
- Added the "Multiple positions per candle" parameter to address the issue of entries concentrating on one bar when the "Max multiple orders" value is increased. This may result in incompatibility with set files from version 1.2 and earlier. Please be careful.
- When entering nap time (a grace period for manually transferring funds), the message "Info:: Into nap break time." is now displayed. If you have transferred funds, please stop algorithmic trading and start it again.

Version 1.2 2024.08.13

version1.2:
- Fixed a bug that could cause sl tp to become 0

Version 1.1 2024.08.10

version1.1:
- We have addressed a bug that caused unexpected behavior when the lot size was increased to N when the margin was N times.
- There was a problem with the trailing stop, so it is a parameter for future functions (experimental)