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Tradonator nextGen

4

The Tradonator® nextGen!

  • trades not primarily on indicators or prices, but at the beginning of every new candle (controlled by Timeframe).
  • determines the trading direction due to the integrated indicator, which can measure trend and volatility.
  • creates a Sell- and a Buypool and manages them isolated.
  • calculates with every trade for each of the pools a previously defined profit target and closes the pool only with a total profit once this goal has been achieved.
  • basically works with any currency pair, any broker and in any timeframe. Theoretically, you could also trade indexes or commodities, if there would be no rollover.

The basic strategy is not trying to predict the market, but to use the back and forth and to be predominantly in the right direction on the road. It inevitably always an accompanying book loss, that could (and should) be controlled via the used lot size.

Keep it easy:

Trade a major forex pair on H1 timeframe with a minimum equity of 4000 $ and all will be fine! (alternatively on a cent account with 40000 cent)

The basic settings (for H1) stipulate the use of a risk lock down mode, which will effectively prevent to trade with too high lotsizes, in too short time frames or within too small ranges. This mode needs 4000 $ free equity per 0.01 lot, the H1 timeframe and a range from minimum 15 pips. You can switch it off, but you pay with a higher risk!

I recommend to keep RiskLockDown on true, at least until your look on the functioning of the Expert is clear!

  • The activity of the Expert can be individually controlled by the parameters TradingRangePoints and VolatilityMeasure.
  • By using the multi-chart strategy you can start aggressively in short time frames and automatically change to longer time frames and moderate settings while unfavorable course of trading.
  • The Expert can hide take profits from the Broker and manage them alone.
  • The Expert can automatically open a matching hedge position to neutralize the account.
  • The Expert can automatically start a Tradeout before the week end.

The Tradonator® nextGen! has shown stable results on live accounts for over 5 years now. More detailed information on my website or my youtube channel.


Key Settings

  • RiskLockDown=true - enforces moderate risk (0.01 Lot per 4000 Equity in a Range >= 15 in H1 Timeframe)
  • LotsFix=0.01 - max. 0.01 per 3000 Equity and Pair suggested (only relevant at RiskLockDown = false )
  • InitialTP=15 - takeprofit for the first 2 trades in every pool
  • PoolTargetPoints=15 - desired Takeprofit for the complete pool
  • VirtualProfits=false - takeprofit at the broker, should be allways hidden at timeframes <= M15
  • TrendTimeFrame=60 - timeframe which sends the signal (in minutes)
  • VolaMeasure=true - volatility measure on / off switch
  • TradingRangePoints=15 - range in pips, where is a maximum of 1 trade opened in every direction
  • MaxSpreadPoints=8 - your tolerated spread
  • UseMultiChart=false - multichart on / off switch
  • StartWithTradeCount=0 - this chart starts with trade No. x (in both directions)
  • EndWithTradeCount=5 - and ends with trade No. y (in both directions) - only relevant if UseMultiChart = true
  • UseAutoHedging=false - automatic hedging on / off switch
  • AutoHedgingValue=1000 - absolute ammount you accept as floating before hedging gets active
  • AutoHedgingSL=30 - stoploss hedgeposition in pips
  • HedgeBreakeven=20 - breakeven hedgeposition in pips
  • AutoTradeOut=true - autotradeout on / off switch
  • AutoTradeOutDay=4 - day of autotradeout start in metatrader counting (0= Sunday till 5= Friday, here Thursday)
  • AutoTradeOutHour=12 - time of starting Autotradeout
  • CommentString=nextgen - order comment, (has to be unique per instance and account)
  • CommentStringHedge=nextgenH - order comment hedge order, (has to be unique per instance and account)
Reviews 2
Frank Paetsch
7267
Frank Paetsch 2018.08.31 06:31 
 

Tolle Idee, Danke!

Der EA läuft jetzt eine Woche und hat Gewinn gemacht.

Frank B
1828
Frank B 2018.02.03 06:33 
 

.

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Several experts in one expert With this expert, you can use several up-to-date strategies Enhanced with artificial intelligence Can be used in several popular forex currencies Can be used in the most popular forex time frames Without using high-risk strategies Attributes : Can be used in the EURUSD , GBPUSD , USDCHF , AUDUSD , USDCAD , NZDUSD  currency pairs Can be used in M30 , H1 , H4 , D1 time frames Has profit limit and loss limit Without using risky strategies like martingale or hedg
AI Meta EA MT4
Denis Kurnev
4.43 (7)
Introducing the AI Meta EA advisor - a remarkable leap in the world of trading! If you've always aspired to something greater and uncharted, then AI Meta EA is what you need. It harnesses cutting-edge artificial intelligence technologies, developed using neural networks and hidden algorithms in the deepest corners of the internet. What makes AI Meta EA so uniquely exceptional? Forget about old strategies and mundane indicators! My advisor possesses an intuition that even the most experienced tra
Trade Vantage ver4
Yvan Musatov
5 (1)
Introducing Trade Vantage : Professional Market Analyst Trade Vantage is a highly effective analytical tool that uses a specialized algorithm for trading on the Forex and cryptocurrency markets. Its operating principle is based on price analysis for a certain time interval, identifying the strength and amplitude of price movements using a unique indication system. When a trend loses its strength and changes direction, the expert closes the previous position and opens a new one. The bot also tak
Gold Trade Pro
Profalgo Limited
4.63 (24)
LAUNCH PROMO: Only a few copies left at current price! Final price: 990$ Get 1 EA for free (for 2 trade accounts) -> contact me after purchase Ultimate Combo Deal -> click here New live signal:   https://www.mql5.com/en/signals/2084890 Live Signal high risk :  https://www.mql5.com/en/signals/2242498 Live Signal Set Prop Firm Set JOIN PUBLIC GROUP:   Click here Parameter overview Gold Trade Pro joins the club of Gold trading EA's, but with one big difference: this is a real trading strat
Form designer ver4
Maryna Shulzhenko
5 (1)
Form Designer : Advanced Trading Bot for Forex and Cryptocurrency Markets Form Designer represents the latest advancement in automated trading technology designed to perform optimally in both the Forex and Cryptocurrency markets (with supported brokers). This highly effective tool has unique capabilities, making it an indispensable assistant for traders. Key features and benefits: Multi-currency: Form Designer supports a wide range of currency pairs, providing flexibility and versatility in
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Frank Paetsch
7267
Frank Paetsch 2018.08.31 06:31 
 

Tolle Idee, Danke!

Der EA läuft jetzt eine Woche und hat Gewinn gemacht.

Frank B
1828
Frank B 2018.02.03 06:33 
 

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Version 1.7 2020.04.01
-code revision and some new options
-ESMA risk calculation updated
-close all winners button
Version 1.5 2016.08.30
Changes in Version 1.5:

- some visual embellishments in the notification area on the chart
- option to clean up the chart via button
- visual presentation of Bid and timeframe
- general code optimization