Wally m4
- Experts
- Yvan Musatov
- Version: 1.3
- Activations: 5
Professional expert Wally analyzes the market using a special algorithm. The basic principle is that the bot takes the specified prices for a certain period of time and calculates the strength and amplitude of the price by comparing it with its own indication system based on actual data. The moment when the trend loses strength and reverses is recorded, and then the previous series is closed and a new one is prepared. The bot also analyzes its own overbought/oversold signals in its algorithms. We buy when the signal first falls below a certain level and then rises above it if the main signal system gives permission to trade. We sell when the signal first rises above a certain level and then falls below it also if the main signal system gives permission to trade. The expert correctly processes errors and reliably works with a capital of $ 1,000, recommended $ 3,000 or more. The expert uses basic concepts: trailing start, trailing stop, stop loss and take profit real and virtual.
In order to understand how the bot works, you first need to understand what its parameters are. Therefore, I believe that a detailed description of the parameters will be the best description of the bot. Since it will give the user an understanding of what he is dealing with and will allow him to determine whether this bot suits his trading style and will allow his broker to work with this bot. Basic parameters, a number of key parameters that allow you to configure the environment for the correct operation of the bot. They are no less important than other settings. Money management parameters, we have two parameters in total. One of them allows you to work with a fixed lot, the other calculates the lot depending on the existing deposit. An interesting part of the settings. These settings set the entry algorithm.
- MagicNumber is a parameter that allows you to distinguish your own / someone else's orders.
- FixLot - Sets a fixed lot.
- Money Management On - Activates Money Management.
- Money Management - Sets the risk depending on the size of the deposit. The ratio can be easily seen by testing different values in the strategy tester.
- CountSeria - The number of transactions in one series.
- TakeProfit - Take Profit.
- StopLoss - Stop Loss.
- vTakeProfit - Virtual Take Profit.
- vStopLoss - Virtual Stop Loss.
- trStart, trStop - Trailing.
- LengthJAW, LengthTEETH, LengthLIPS, LengthDECVIATION, CountWARP - Parameters that set the rules for the bot.
