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Retro Trader

3.9

This expert trades on price action. It does not use signals from indicators but creates a statistics-based custom channel for entry and exit of trades. Due to independence of indicators, the expert can be optimized for several currency pairs and trading times. Each trade position is protected by stop-loss, both hidden and visible.

No martingale, hedging or grid.

The expert uses 3 different strategies within the same channel for entry and exit. Each opens only 1 trade at a time.

Please find a signal for this expert here: https://www.mql5.com/en/users/ugur-edin/seller

SL = stop loss, TP = take profit, DD = drawdown, MM = money management

  • Channel_Setting = "Channel Setting"
  • channel bars to analyze - amount of candles analyzed for opening
  • channel Middle - multiplier from channel middle
  • 1st channel tunnel - multiplier 1st tunnel
  • 2nd channel tunnel - multiplier 2nd tunnel
  • 3nd channel tunnel - multiplier 3rd tunnel
  • Open difference from Middle of channel - Open difference from channel middle
  • Close difference from Middle of channel - Close difference from channel middle
  • Strategy_1 = "Strategy 1 input"
  • UseStrategy_1 - use strategy
  • MAGICMA1 - custom magic number
  • Lots - use lot size if MM is disabled
  • UseMM - use MM
  • MaximumRisk - Max risk if MM is enabled
  • MaximumLotSize - Max LotSize
  • ClosingPrice_S1 - exit trade if price touches long channel
  • StopLossInPoint - predefined SL
  • Hidden StopLoss - hidden SL
  • Allowed Spread at StopLoss - allowed spread at hidden SL
  • Use dynamic takeProfit - use dynamic TP (set on open based on long channel)
  • Classic TakeProfit in Point - TP in points (if 0, does not use TP)
  • Custom Comment - custom comment
  • StartTradeHour - start trading
  • StartTradeMinute - start trading
  • EndTradeHour - end trading
  • EndTradeMinute - end trading
  • Input parameters for Strategy 2 & Strategy 3 are same as Strategy 1. Only trade entry levels are different and can be set to another exit strategy to maximize profit
  • General_Setting = "General Setting"
  • DST_offset - broker is on Daylight Savings Time
  • Use Newsfilter – Enable for news filter
  • Length of the Prefix your provider uses – your provider’s prefix length
  • NewsSuspendTradingHoursBeforeScore - prevents trades x hours before news
  • NewsSuspendTradingHoursAfterScore – prevents trades x hours after news
  • Use swap-filter - If enabled, expert prevents trades shortly before minus swap of set amount
  • Swap Rollover Hour of your broker - Hour (in GMT)
  • In Minutes Swap Check to Prevent trading - swap checking timespan
  • Max minus swap allowed - Max allowed swap cost per lot. (Put positive number)
  • Trade On Sunday – Enable for Sundays trading
  • GMTOffsetForTesting - GMT offset - backtesting only
  • remoteDisableFunctionality - If true, trading is suspended when signal is suspended
  • News source - don't change - http://forex-navigator.com/ffcal_week_this.xml
  • Switch off source - don't change - http://forex-navigator.com/Retro_switch_off.txt
  • Receive notifications - phone-notifications for various activities
  • Drawdown warning at percent - Warning at %
  • Drawdown warning every N seconds – Warnings are send N seconds after 1st message
  • Use correlation bounce - Correlated pairs are not traded simultaneously
  • Correlations - Correlation values for pairs
  • Use drawdown emergency close – Enable to let expert close all open trades when reaching DD
  • Use advanced drawdown calculation - DD is calculated with spread-costs. Otherwise, base DD is used
  • Drawdown cut losses at percent - % of DD when all trades are auto-closed
  • Prevent new trades for min - After closing all trades on DD, trading will be suspended for N minutes
Reviews 11
Andrew Black
1454
Andrew Black 2017.08.16 12:29 
 

I really like this EA. The latest version is a big improvement with safety features and corrolation checks. This EA definitely has a good system, and now the security is improved it is performing very well. As always, the support from Ugur and Kai is fantastic. My live account performs the same as the authors signal.

Wei Song
431
Wei Song 2017.08.13 09:33 
 

Yaotang Liu
1866
Yaotang Liu 2017.07.25 04:00 
 

Very good scalper.

It can get profit with good broker and VPS.

Ugur and his team also looking after it for you, the remote disable feature is a miracle.

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Lo Thi Mai Loan
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Introducing Bitcoin Scalping MT4/MT5 – The Smart EA for Crypto Trading LAUNCH PROMO: Only 3 copies left at the current price! Final price: $3333.33 BONUS - BUY LIFE TIME BITCOIN SCALPING GET FREE EA EURUSD Algo Trading (2 accounts) => Ask in private for more details!!! EA LIVE SIGNAL MT5 Version Why Bitcoin Matters Today   Bitcoin has become more than just a digital currency—it's a financial revolution. As the pioneer of cryptocurrency, Bitcoin is the most traded and recognized crypto asset glo
AW Recovery EA
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The Expert Advisor is a system designed to recover unprofitable positions. The author's algorithm locks a losing position, splits it into many separate parts, and closes each of them separately. Easy setup, delayed launch in case of drawdown, locking, disabling other Expert Advisors, averaging with trend filtering and partial closing of a losing position are built into one tool. It is the use of closing losses in parts that allows you to reduce losses with a lower deposit load, which ensures saf
Recovery Manager Pro MT4
Ianina Nadirova
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Recovery Manager Pro is a system for recovering drawdowns from other advisors or from manually opened orders. RM Pro has the ability to automatically dynamically adjust. The trader needs to select the risk level and the advisor will work in fully automatic mode. Can work in drawdown recovery mode and standby mode! If another advisor generates a drawdown, RM Pro will disable it, lock the position and start the process of restoring the deposit using partial closures. In its trading, the advisor u
Boring Pips MT4
Thi Thu Ha Hoang
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New Year, New Opportunities: Get 8 activations for just $399 USD. Hurry – limited quantity available! 2025 is here, and it’s time to take your trading to the next level. Start the year strong with Boring Pips EA – your reliable trading solution: - Proven, tracked signals - Easy to install - 100% automated Don’t miss this opportunity to trade with confidence and precision. Secure your Boring Pips EA now. Have you ever wondered why most expert advisors are not effective in live trading, despite t
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LENA Scalp           MetaTrader 5 Version :  https://www.mql5.com/en/market/product/129810 With advanced stop-loss technology utilizing artificial intelligence, Lena Expert Advisor provides an innovative trading experience. Lena’s robot avoids large stop-loss levels, Martingale, and grid trading. Instead, it features a dynamic stop-loss system that adapts to market conditions. AI-driven analysis supports identifying key market opportunities, aligning with its carefully designed strategy. This a
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!!! New faeture sending Signals as VIP EMAILS MT4 Telegram Signal is tool, which sends selected trades via magic number to telegram channel, sms and email to user. Tool sends trades when open and close with chart to telegram chanel. It also sends every modification from trades to telegram. Tool can send multiple charts and magic numbers and pairs from a single chart. For this you have to fill in on the chart corresponding magic number to be sent by the chart. Send information of all type of ord
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!!! New faeture sending Signals as VIP EMAILS MT4 Telegram Signal is tool, which sends selected trades via magicno to telegram channel , sms and email to user. Tool sends trades when open and close with chart to telegram chanel. It also sends every modification from trades to telegram. Tool can send multiple charts and magicno and pairs from a single chart. For this you have to fill in on the chart corresponding magic number to be sent by the chart. You must add the URL “ https://api.telegram.
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Diamond Pattern
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The diamond top and bottom are reversal patterns. It represents a rally to a new high with a drop to a support level followed by a rally to make a new high and a quick decline, breaking the support level to make a higher low. The bounce from the higher low is then followed by a rally, but making a lower high instead. Once this behavior is identified, prices then break the trend line connecting the first and second lows and start to decline further. You can find MT5 version hier Indicator shows
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This tool monitors your current Expert Advisors and manages stop losses and take profits. You can customize which EAs and/or which currencies to monitor. It is primarily meant for EAs that you feel manage stop losses and/or take profits poorly. If you want this tool to be able to monitor manual trades, please use '0' (zero) as the magic number. Supports hidden stoploss and take profit Supports ATR-calculated dynamic stoploss Supports Breakeven for individual trades Supports Trailing stop Lower r
Turbo pivot levels
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This Expert Advisor is based on pivot points. Users can choose entry level and direct themselves. Expert use martingale strategy to recover unsuccessful trades. When going into drawdown it starts its slipping mode in which it always tries to keep the whole set of trades on a steady course level. In hedging mode, all take profits will be deleted and the basket will try to close at breakeven price. EA can also be used as normal with Stop loss. Please test before using with Stop loss. The EA can tr
This indicator shows the trend based on two configurable moving averages. A custom calculation shows market volatility in the lower frame. Higher bars mean higher volatility. The chart also shows suggestions for buy, sell or close with the help of arrows. It is possible to set minimum volatility for entry points and to set time filtered alerts. This indicator is useful to judge trends or market volatility, for example to catch good periods for scalping. Parameters Volatility Period - volatility
This EA trades mainly in the London and New York Sessions of the market. Forex Agent A is a day scalper with a bigger stop loss and a smaller take profit. Trades are opened at the first tick of the bar. In case of extended drawdown, take profits are adjusted to exit the market sooner and if at all possibly profitable. The built-in news filter prevents the opening of new trades when important news is upcoming. Entry points are determined exclusively by various indicators. Trade exits determined e
NightXploiter
Ugur Oezcan
5 (1)
Expert opens trades by level and uses no indicator. It can be used with multiple currency pairs with correct settings. Depending on the currency pair, trading sessions are mostly short before the newyork close to the middle of Japan session. Due to independence of indicators, the expert can be optimized for several currency pairs and trading times. In case of extended drawdown, take profits are adjusted to exit the market sooner and if at all possibly profitable. The built-in news filter prevent
What is Double Top and Bottom Double top and bottom patterns are chart patterns that occur when the underlying investment moves in a similar pattern to the letter "W" (double bottom) or "M" (double top). Double top and bottom analysis is used in technical analysis to explain movements in a security or other investment, and can be used as part of a trading strategy to exploit recurring patterns. You can find MT5 version hier Indicator shows you 2 Level target and stop loss level. Stoploss level
The diamond top and bottom are reversal patterns. It represents a rally to a new high with a drop to a support level followed by a rally to make a new high and a quick decline, breaking the support level to make a higher low. The bounce from the higher low is then followed by a rally, but making a lower high instead. Once this behavior is identified, prices then break the trend line connecting the first and second lows and start to decline further. You can find MT4 version hier Indicator shows
What is Double Top and Bottom Double top and bottom patterns are chart patterns that occur when the underlying investment moves in a similar pattern to the letter "W" (double bottom) or "M" (double top). Double top and bottom analysis is used in technical analysis to explain movements in a security or other investment, and can be used as part of a trading strategy to exploit recurring patterns. you can fin MT4 version hier Indicator shows you 2 Level target and stop loss level. Stoploss level
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Alwina Rotfus
480
Alwina Rotfus 2017.08.24 20:43 
 

User didn't leave any comment to the rating

Andrew Black
1454
Andrew Black 2017.08.16 12:29 
 

I really like this EA. The latest version is a big improvement with safety features and corrolation checks. This EA definitely has a good system, and now the security is improved it is performing very well. As always, the support from Ugur and Kai is fantastic. My live account performs the same as the authors signal.

Wei Song
431
Wei Song 2017.08.13 09:33 
 

Tobias
712
Tobias 2017.08.02 00:46 
 

User didn't leave any comment to the rating

Yaotang Liu
1866
Yaotang Liu 2017.07.25 04:00 
 

Very good scalper.

It can get profit with good broker and VPS.

Ugur and his team also looking after it for you, the remote disable feature is a miracle.

Reis Maria Andrea da Silva Kobayashi
370
 

User didn't leave any comment to the rating

Istvan Horvath
494
Istvan Horvath 2017.05.31 07:28 
 

Big DD :(

Chihteng Lin
587
Chihteng Lin 2017.05.31 02:53 
 

Used for three days ....

Profit 8USD

Loss of 258USD

WTF !!!!!!!! ??????????????????????

Real account .... SAD

Tang Ou
1169
Tang Ou 2017.05.26 01:01 
 

26th May:

I combine Retro EA together with this EA and got 4.7% growth today. All trades closed within one hour.

I set Retro MM risk = 0.2 while NightTrader risk = 10.

Highly recommended.

25th May

Excellent product. I set it up in a real live account. It is profitable and closes all trades quick and smartly (some trades are in small loss). Very safe. I am with IC Markets and trades are better than the trades in the signal. I use scalpeclosing is on option. Will increase the lot size slowly.

Matthew Todorovski
12938
Matthew Todorovski 2017.05.22 20:15 
 

User didn't leave any comment to the rating

l0e0u0n0g
329
l0e0u0n0g 2017.05.18 04:42 
 

Profitable.

Marcus Kalipke
988
Marcus Kalipke 2017.05.11 20:35 
 

User didn't leave any comment to the rating

norrbaggen
242
norrbaggen 2017.05.11 19:17 
 

Another great EA from this nice guy. Stable profit=)

I run RetroTrader with scalping closing, and its amazing

alisa-selina
131
alisa-selina 2017.04.22 23:40 
 

User didn't leave any comment to the rating

Reply to review
Version 1.4 2022.01.03
-user asked
Version 1.3 2017.07.12
OnScreen Infos
You can immediately see if WebRequests works and what the current draw down situation from this expert is.

Notification
If you have notifications enabled you will get a message for the following events: failed Webrequests for News/Remote Disable, Change of Remote Disable Status, if enabled DrawDown reached, DrawDown-Emergency-Close-Error

CorrelationBounce
If you have open trades in a currency pair that is highly correlated with another pair we will not open trades in the other pair. So if one trade goes south it does not take the whole account with it. Of course uncorrelated pairs will still be traded.

Maximum DrawDown
You can define a maximum draw down you are willing to accept. If this limit is reached, the expert will close all open trades instantly.
Version 1.2 2017.05.11
- Added options to turn off trading on SundayNight
- Added Newsfilter
- to turn off the news filter.
- Added the ability to remotely disable and enable an expert
- Also added a swap filter, which prevents the opening of transactions shortly before the occurrence of negative swaps.
Version 1.1 2017.04.06
- A new trade closing system is introduced. The new system closes trades with smaller gains or smaller losses before reaching take profit or stop loss if it detects that the market moves unfavorably.
- DST-offset calculation was not working as intended and has now been fixed.