Market / MetaTrader 4 / Experts /

Elementary FREE

FREE

Published: 19 May 2017

Current version: 1.2

Elementary FREE

2.75

Experts
Vladimir Gorbachev
Version: 1.2
Updated: 28 November 2021

The Expert Advisor runs on the "here and now" principle, which means that the EA tracks a lot of parameters of the price behavior in real time.

Based on this Expert Advisor, a certain trading strategy was developed and tested in real time. The ELEMENTARY strategy consists of three identical Expert Advisors with different settings, which makes it possible to maximize the use of daily price movement.

The Elementary FREE version has some limitations compared to the paid Elementary E version, including the deposit size and lot value. In all other respects this is a fully functional product.

Main features

It always uses StopLoss;
Profit is fixed using TakeProfit;
Makes 1-5 trades per day;
All deals are closed during the day or the next day;
Works with trend and flat;
Works with all brokers and on all types of accounts;
Protection against the broker's influence on the EA operation;
Does not use averaging;
Does not use grid or martingale techniques.

The Expert Advisor only works on EURJPY with the M1-M15 TF

Input parameters

The lot is set automatically depending to the account balance.

Calculated as follows: the lot will be increased by 0.01 for each $1000.

StopLoss - StopLoss

Trailing Stop parameters

Trall start - start
Trall dist - distance (<=0 - no work)
Trall step - step value

These parameters determine the sensitivity of the EA and protection against false triggering in case of quote spikes.

1 Deviation in points - deviation in points for the first trade
2 Deviation in points - deviation in points for the second trade

Recommendations

Please read the Expert Advisor description carefully;
Before using the EA on a real account, test it with the minimum risk in the strategy tester, in the visual mode, over the last 2-3 months;
Be sure to use VPS, preferably with minimal network delays to the broker's server;
Do not run other Expert Advisors on the account simultaneously with Elementary FREE;
Contact the EA author for any questions about the EA operation;
For testing, use a deposit of at least $ 1000.

IMPORTANT NOTE! The Expert Advisor runs on the "here and now" principle, which means that the EA tracks a lot of parameters of the price behavior in real time. These parameters are not available in the historic data, such as speed, strength, spread, gaps, price noise, etc. Therefore, backtests can only provide a rough picture of the Expert Advisor operation.

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6764

Miguel Jimenez Cordero 2021.03.21 09:41 #

Good job.

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Universal adaptable indicator. It determines the estimated trading range for the current day based on the available history a real data, and displays the area of the probable price rollback on the chart. All this thanks to the built-in algorithm that automatically adapts to any behavior models of the market quotes. With the parameters adjusted, the indicator shows its effectiveness on most of the currency pairs, that have a rollback from the reached extremums during the current or the next tradi

30 USD

This is a medium-term conservative system. It tracks quote movements and defines entry points. The Expert Advisor is completely automated and features the unique algorithm. It has been designed for trading CHFJPY and is based on a range trading strategy. Extreme levels are defined based on history, and the EA starts trading expecting a roll-back. Two limit orders are set in case the price moves further. This product continues the EA Permanent series. Dynamic incoming data filtration method is us

30 USD

Medium-term trading system that tries to profit during the price rollbacks after significant movements. The EA is effective on the EURJPY pair. It was backtested using real ticks with 99.9% quality. The Expert Advisor has successfully passed testing with conditions approximated to the real market conditions, and it has a minimum of parameters for optimization, which eliminates the possibility of curve fitting. It is possible to trade in manual mode using a simple on-screen panel or in fully auto

90 USD

This is an efficient and yet simple Expert Advisor not using indicators, which can determine the following: the future direction of movement of quotes, their strength, trade levels for the current and next trading day. The Expert Advisor runs on the "here and now" principle, which means that the EA tracks a lot of parameters of the price behavior in real time. Based on this Expert Advisor, a certain trading strategy was developed and tested in real time. The ELEMENTARY strategy consists of three

30 USD

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