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EA algostat

Here is the English translation of the detailed description of the Expert Advisor (EA):

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This Expert Advisor (EA) is designed to perform automated trading operations based on a series of technical criteria on a 1-hour chart for the USDCHF symbol. Here is a detailed description of its functionality:

### 1. **Lot Size and Maximum Number of Entries**
   - **LotSize**: The initial lot size for each trade is set to 0.1.
   - **Max_Entries**: The EA can open up to 4 trades simultaneously. For each new trade, the lot size increases proportionally (0.1, 0.2, 0.3, etc.).

### 2. **Technical Indicators Used**
   - **ATR (Average True Range)**: Calculated over a period of 14 bars (1 hour each) to measure volatility. The ATR is multiplied by 2.0 to determine dynamic levels for Take Profit (TP) and Stop Loss (SL).
   - **MFI (Money Flow Index)**: Calculated over a period of 14 bars. Used to identify overbought (>80) or oversold (<20) conditions.
   - **ADX (Average Directional Index)**: Calculated over a period of 14 bars. Used to confirm the strength of the trend, with a threshold of 25.
   - **RSI (Relative Strength Index)**: Calculated over a period of 14 bars. Used to confirm overbought (>70) or oversold (<30) conditions.

### 3. **Entry Logic**
   - The EA checks if there is a bullish or bearish pattern identified through specific functions (`isBullishPattern`, `isBearishPattern`).
   
   - **Bearish Pattern**:
     - The EA looks for bearish patterns like the "Shooting Star", "Bearish Engulfing", or "Evening Star".
   
### 3. **Entry Logic** (Continuation)
   - **Bullish Pattern**:
     - The EA identifies bullish patterns like the "Hammer", "Bullish Engulfing", or "Morning Star".
     - If one of these bullish patterns is confirmed, and the following criteria are met:
       - The ADX is above 25 (indicating a strong trend).
       - The MFI is below 80 (indicating the market is not overbought).
       - The RSI is below 70 (indicating the market is not overbought).
     - The EA opens a buy position with the current lot size.

   - **Bearish Pattern**:
     - The EA identifies bearish patterns like the "Shooting Star", "Bearish Engulfing", or "Evening Star".
     - If one of these bearish patterns is confirmed, and the following criteria are met:
       - The ADX is above 25 (indicating a strong trend).
       - The MFI is above 20 (indicating the market is not oversold).
       - The RSI is above 30 (indicating the market is not oversold).
     - The EA opens a sell position with the current lot size.

### 4. **Lot Size and Subsequent Entries**
   - If the EA has already opened positions, the lot size for new entries increases proportionally to the number of positions already opened, up to a maximum of 4 entries. For example:
     - First entry: 0.1 lots.
     - Second entry: 0.2 lots.
     - Third entry: 0.3 lots.
     - Fourth entry: 0.4 lots.

### 5. **Dynamic Take Profit (TP) and Stop Loss (SL)**
   - Both the Take Profit and Stop Loss levels are calculated dynamically based on the ATR. This allows the EA to adapt to the current market volatility:
     - **TP** = ATR * ATR_Multiplier (2.0)
     - **SL** = ATR * ATR_Multiplier (2.0)

### 6. **Volatility Filter**
   - The EA avoids opening trades if the ADX is below 25, as this could indicate a sideways market or one without a clear direction.

### 7. **Operation on USD/CHF at 1H**
   - This EA is optimized to operate on the 1-hour chart of the USD/CHF currency pair. The choice of timeframe and currency pair is important because it directly influences the performance of the automated trading. On this timeframe, the EA looks for trading opportunities based on candlestick patterns and confirms signals through the technical indicators described above.

### 8. **Conclusions**
   - The EA is designed to operate in markets with a strong trend and leverages candlestick patterns to determine entry points. Risk management is dynamic due to the use of TP and SL based on the ATR, and the lot size is adaptive depending on the number of open positions.

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This translation should help explain the functionality of the EA in English. If you have any further questions or need additional clarifications, feel free to ask!
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这是一种全自动智能自适应算法。MAX Gold  系统计算历史数据,并根据即将突破支撑位和阻力位的概率百分比执行分析,并下达挂单。 EA 交易可适应任何市场条件。它使用质量为 99,9% 的真实刻度进行了回溯测试和优化。它已成功完成压力测试。 EA 包含统计信息收集算法,并在信息面板上输出。 建议选择ECN经纪商和点差最低的账户。 货币对/时间框架: EURUSD M30、 EURUSD H1、 USDJPY M30、 USDJPY  H1、   GBPUSD M30 、 GBPUSD  H1 、 XAUUSD M30 推荐货币对/时间框架: EURUSD   H1 、USDJPY   H1   or  EURUSD   M30 、 USDJPY  M30  or  XAUUSD M30 需要 VPS。 要求和建议 5 位引号。 最大点差:0 - 20 点。 最低存款额:100 美元。 最大止损水平:0 - 5 点。 建议使用 1:100 或更高的杠杆。 如果您在同一个账户上使用多个 Advisor,请确保所有 Advisor 都有不同的 Magic Num
GoldPulse AI
Babak Alamdar
3.53 (15)
Buy not a backtest, but a real trading system This price is temporary for the duration of the promotion and will be raised shortly Get 1 EA for free -> contact me after purchase There are only a few copies left at the current price, the next price is -->> 1480 $ Welcome to the GoldPulse AI Hey, I'm GoldPulse AI! This is the first smartest robot that trades gold or XAU with full pairs like XAUUSD, XAUEUR, XAUGBP, XAUAUD, XAUJPY, XAUCHF, XAUSGD, and XAUCNH! I check the news every single da
# Neon Trade MT4 Our Telegram community Introducing Neon Trade – a unique innovation in the field of algorithmic currency market trading that uses advanced machine learning methods. Our advisor is fully autonomous and ready for use after installation on any chart and timeframe. It operates on the principle of "set it on the chart and forget it." The only thing that needs to be done is to allow access to my API " https://xmpp.madsysadm.ru " in the terminal settings and switch to   DYNAMIC   mode
Ai Multi Trend MT4
Mansour Babasafary
5 (5)
Get a 50% bonus by buying (or even renting) any of our products. After buying (or renting), send a message for more information. Expert trend hunter Combined with artificial intelligence Control the AI with a variety of simple settings Without using dangerous strategies (all trades have a profit limit and a loss limit) Can be used in 6 main market currency pairs and 4 important time frames An expert who has been trained by artificial intelligence for years to correctly recognize trends(wi
AI Scalper
AHMED ZABIR SAZOL
This EA works based on HFT (high-frequency trading) algorithm and mini bar height. it open trades when bar height meets some indicators mathematical confirmation.  IN LAST FEW DAYS I HAVE SEEN SOME FAKE FILES IN INTERNET AND TELEGRAM BY MY EA NAME ON IT, WHICH IS NOT TRUE AND REAL.MY EA ONLY SELL HERE AND NO WHERE ELSE, SO PLEASE DON'T GET SCAM .  BACKTEST SETTINGS TIME FRAME: M5 SYMBOL: EURAUD MODEL: EVERY TICK DOWNLOAD PRESET AI SCALPER User’s Manual LOT SETTINGS Minimum Lot    - Minimum d
Silicon Ex
Nadiya Mirosh
" Silicon Ex ": Your Reliable Assistant in the World of Forex Silicon Ex is a modern trading bot, specially created for traders in the Forex market. This innovative tool serves as a reliable partner for those who strive for efficient and automated trading. Key Features of "Silicon Ex": Reliability and Stability: Created using advanced technologies that ensure stable and reliable operation in the market. Intelligent Risk Management: Built-in money management system (Money Management) allows yo
Candle EA MT4
Mansour Babasafary
4.43 (49)
This expert is based on patterns The main patterns of this specialist are candlestick patterns Detects trends with candlestick patterns It has a profit limit and a loss limit, so it has a low risk The best time frame to use this expert is M30 time frame The best currency pairs to use with this expert is the EURUSD, GBPUSD, AUDUSD, USDCAD currency pairs Attributes: Can be used in the EURUSD, GBPUSD, AUDUSD, USDCAD  currency pairs Can be used in M30, H1, H4 time frames Has profit limit an
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EAalgotrading
Francesco Lippo
This trading bot is based on the Supply and Demand strategy, which is one of the most popular strategies in technical analysis for financial markets like Forex, used to identify key areas of support and resistance. Here are the fundamental principles and how the bot works:  "It works excellently on Nat Gas with a 30-minute timeframe and a minimum capital of 1,600 euros. Fundamental Principles of the Supply and Demand Strategy: Demand Zones : These are areas on price charts where the demand for
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