Tulips
Currently available for free for a limited time.
The EA has 8 built - in algorithms, all of which are trend - following strategies. Only one order can be opened at a time, and each order comes with stop - loss protection. Orders are placed in either the long or short direction only, with only one order open at a time. When opening an order, the order on the opposite side will be closed. Risky strategies such as Martingale and grid trading are not used.
There are independent switches for the long - short direction and each of the 8 algorithms. You can turn on a specific one for use. When using multiple EAs, please modify the identification code to avoid conflicts.
Algorithm 1 is the core. It identifies candlestick patterns for price action analysis and selects the entry timing when the market starts to move.
The stability parameter is set to 3 by default. A setting range of 1 - 5 is recommended. A value of 1 represents high - frequency trading. The larger the value, the fewer the order - opening frequencies, and this parameter affects all algorithms.
Algorithms 2 - 7 add additional technical indicators based on Algorithm 1.
Before use, conduct thorough backtesting and simulation to select the optimal parameters that adapt to the market trend.
The stability parameter is set to 3 by default. A setting range of 1 - 5 is recommended. A value of 1 represents high - frequency trading. The larger the value, the fewer the order - opening frequencies, and this parameter affects all algorithms.
Algorithms 2 - 7 add additional technical indicators based on Algorithm 1.
Before use, conduct thorough backtesting and simulation to select the optimal parameters that adapt to the market trend.
Turn on one of the switches from 1 - 8.
The recommended trading instrument is gold (XAUUSD).
Stop - loss: 5000, which is $5.
Take - profit: 10000, which is $10.
If your broker's quotation has two decimal places, set the stop - loss and take - profit at 500 and 1000 respectively.
Stop - loss: 5000, which is $5.
Take - profit: 10000, which is $10.
If your broker's quotation has two decimal places, set the stop - loss and take - profit at 500 and 1000 respectively.
When the automatic fund management switch is turned on, for every $1000 in the account, the position size is 0.01 lot.
When the recovery mode is enabled, if the most recent historical order incurs a loss, the position size of the next order will increase.
There is a certain risk of consecutive losses in this mode, so use it with caution.
When the recovery mode is enabled, if the most recent historical order incurs a loss, the position size of the next order will increase.
There is a certain risk of consecutive losses in this mode, so use it with caution.
The default lot size is 0.01.
The recommended chart periods are M15, M30, and H1.
Magic number: A special number used to identify orders.
The recommended chart periods are M15, M30, and H1.
Magic number: A special number used to identify orders.
It is recommended to use an ECN broker with a low spread, preferably in an environment where the spread is below 0.1 - 0.2.
Some practical application tips: Gold generally shows an upward trend throughout the year. The stagflation stage usually appears as sideways movement, and a continuous downward trend rarely occurs.
During actual use, when there is a continuous upward trend in the 4 - hour or 1 - day cycle, you can open only long positions and close short - selling. When the 4 - hour or 1 - day large - cycle trend is bearish, you can open both long and short positions.
Before and after major news data such as employment, interest rates, and inflation, reduce the position size or pause trading to avoid risks. For every $1000 in the account, the position size is 0.01 lot.
When there is little data and the volatility is low, i.e., below 1 - 2% volatility, for every $1000 in the account, you can open positions with a lot size of 0.02 - 0.05, which can be adjusted according to your own needs.
During actual use, when there is a continuous upward trend in the 4 - hour or 1 - day cycle, you can open only long positions and close short - selling. When the 4 - hour or 1 - day large - cycle trend is bearish, you can open both long and short positions.
Before and after major news data such as employment, interest rates, and inflation, reduce the position size or pause trading to avoid risks. For every $1000 in the account, the position size is 0.01 lot.
When there is little data and the volatility is low, i.e., below 1 - 2% volatility, for every $1000 in the account, you can open positions with a lot size of 0.02 - 0.05, which can be adjusted according to your own needs.
The minimum account balance is $200, with a minimum lot size of 0.01.
If you need help, please leave a message in the comment section.
Another EA of mine, Sensitive Plant : https://www.mql5.com/en/market/product/132092?source=Site+Profile+Seller
Detailed Explanation of Various Practical EA Usage Techniques
A very easy but effective EA and free of charge (currently), especially for beginners. Thank you very much. And expect another improving version to be publishing soon.