Market / MetaTrader 4 / Experts /

SparkLight EA

FREE

Published: 25 June 2019

Current version: 1.21

SparkLight EA

3.75

Experts
Radek Reznicek
Version: 1.21

SparkLight EA is a fully automated expert advisor that uses advanced algorithms for the price analysis of the latest trends. Every order has StopLoss and every order is placed based on the primary or the secondary trend analysis algorithm.

This EA does NOT use Martingale or Arbitrage strategy. It can trade more orders at the same time but every order has the same Lot size if using FixedLotSize.

SparkLight EA is NOT a minute scalper or tick scalper that produces high number of trades per day. This EA is fully customizable by user and is not limited by trading pair or time-frame (recommended to use on M15 - H4 time-frames). Every trading pair and time-frame requires slight modification of parameters for the best performance.

SparkLight EA default settings is optimized for EURUSD H1 (optimized since the end of 2017 - present). More optimized files will be added to the blog.

Link to the MT4 veresion: https://www.mql5.com/en/market/product/39905

Visit the blog for Set files examples, additional information, optimization recommendations, FAQ, etc.: https://www.mql5.com/en/blogs/post/727369

Recommendations

Adapt your own risk settings according to the account equity and always verify with back-test
True ECN broker and VPS server is always recommended for any type of automated trading
Use minimal deposit of 300 USD per trading pair
Verify that you have enough margin to trade (especially If using low leverages and small account deposit)

Watch my other products:

https://www.mql5.com/en/users/sevenfourseven/seller

Parameters

General Settings

Magic - Magic number - MUST be unique for each chart
CommentOrders - Optional - Custom comment for orders
StatusIntervalInHours - Interval in hours for EA status message (Printed to the Expert tab)
EnablePushNotifyStatus - Enable/disable sending EA status via Push notifications (interval of notification set by StatusIntervalInHours)

Risk Settings

MaxOrders - Maximum number of orders that can be traded simultaneously
MinDistance - Minimum distance in points between actual market price and already opened position in case there will be more position opened
CloseProfit - Closes opened position once this target reached (per position, but also taken in account number of position, ClosingCondition, swaps, commissions, etc.)
ClosingCondition - Algorithm for order closing condition (Simple / Combined / Advanced / Exponential)
MinuteBasisClose - If true: the EA will check for the closing condition every minute; if false: the EA will check for the closing condition every new bar
FixedLotSize - Fixed size of the Lot to trade (UseAutoLot has to be disabled)
StopLoss - Stop loss in points
TakeProfit - Take profit in points
MaxSlippage - Maximum slippage for orders opening and closing

Risk Settings - Automatic Lot

UseAutoLot - Enable/disable automatic lot size calculation base don account balance, StopLoss and number of MaxOrders
RiskInPercentOfBalance - Risk in percent of account balance (considers also the MaxOrders)
MaxLotSize - Maximum size of the lot (Can vary from brokers max lot size, because it considers also MaxOrders)

SparkLite Specific Settings

TrendPeriod - Main parameter to determine the trend determination
MainFilter - Filtering of the trend direction false signals
WeightX - Has impact on trend algorithm convergence (NOTE: These values should NOT be the same - WeightX should be different from WeightY)
WeightY - Has impact on trend algorithm convergence (NOTE: These values should NOT be the same - WeightX should be different from WeightY)

Info Panel Settings

ShowInfoPanel - Show/Hide Info Panel
PanelBackgroundColor - Info Panel background color
PanelHeaderColor - Info Panel Header background color
HeaderFontColor - Info Panel Header font color

more...

eznoob 2020.08.09 20:45 #

PERFECT

6764

Miguel Jimenez Cordero 2021.03.21 10:11 #

Good job.

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FREE Heiken Ashi Smoothed indicator is fully adjustable, easy to use and comes with possibility to access the indicator via iCustom function so you can use it in your own trading software. Indicator can also pop up alerts when signal changes or send push notifications. For Metatrader 4 version click here: https://www.mql5.com/en/market/product/70824 For detailed information click: >>HERE<< Features Easy to use Accessible via iCustom Fully adjustable Alerts and Push notifications Possi

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Elite Tactics is a safe and fully automated expert advisor that analyzes market most important levels and trades with pending orders for the fastest execution. Every order is protected with StopLoss and this EA has implemented advanced filtering functions together with spread and slippage protections. This EA does NOT use any of the dangerous strategies like Martingale, Grid or Arbitrage . Elite Tactics is fully customizable by user. This EA is not limited by trading pair or time-frame (recomme

245 USD

FREE Heiken Ashi Smoothed indicator is fully adjustable, easy to use and comes with possibility to access the indicator via iCustom function so you can use it in your own trading software. Indicator can also pop up alerts when signal changes or send push notifications. For Metatrader 5 version click here: https://www.mql5.com/en/market/product/70825 For detailed information click: >>HERE<< Features Easy to use Accessible via iCustom Fully adjustable Alerts and Push notifications Possi

FREE

SparkLight EA is a fully automated expert advisor that uses advanced algorithms for the price analysis of the latest trends. Every order has StopLoss and every order is placed based on the primary or the secondary trend analysis algorithm. This EA does NOT use Martingale or Arbitrage strategy. It can trade more orders at the same time but every order has the same Lot size if using FixedLotSize. SparkLight EA is NOT a minute scalper or tick scalper that produces high number of trades per da

FREE

Automatic Fibonacci is an indicator for automatic Fibonacci Levels drawing. It is fully customizable by user. User can also select different Fibobonacci Levels by user settings or can use multiple Automatic Fibonacci indicator in one chart. All details can be found >>HERE<< Instructions Move Indicator to the chart (simply drag and drop) When pop up window appears select desired settings. Confirm settings and enjoy the Automatic Fibonacci indicator. Features Any chart Any time-frame C

30 USD

R747 BreakLevels is smart indicator that automatically detects Support and Resistance levels on actual market trend. Strength of levels can be easily adjusted by changing parameter LevelsStrength in range of 2 (weak levels) and 50 (strong levels). This indicator is accessible in EA via iCustom functions and is fully customizable by user. There is possibility to send Push notifications and Alerts of newly found levels. Follow this link to get all detailed information: >> LINK << Features Adjusta

30 USD

CyberTrend is a fully automatic Expert Advisor based on advanced algorithms for short term trend prediction. This EA uses several custom made indicators combined with candles prediction that helps to achieve a very high-rate of winning trades. This EA successfully passed long term back-test with real tick data (accuracy 99.9 %), variable spread, real commision and swap. CyberTrend is also fully adjustable by user. Please read the blog to get more information about FAQ and settings parameters.

55 USD

News Panel is a fully adjustable utility for Forex News. It can show upcoming news in InfoPanel as well as lable for upcoming and past news labels on the chart. This utility also enables Upcoming news Alerts and Push notification. User can change number of upcoming news displayed, colors and many others. Instructions Alow WebRequest for Listed URLS in Metatrader Tools -> Options -> Expert Advisors tab (see screen or watch the video) Add " https://ec.forexprostools.com/ " to the list of al

30 USD

Xtreme TrendLine is an advanced powerful trend indicator. This indicator is based on candles analysis and trend channels. It can be used on any trading pair or instrument on any time-frame. This indicator is accessible in EA via iCustom functions and is fully customizable by user. Features Any trading instrument Any timeframe Fully customizable by user More Trendlines on one chart Can be used in EA via iCustom function Can be use on more timeframe at once to catch best moment for the trade ent

49 USD

Infinite Storm EA is a safe and fully automated expert advisor that analyzes market trend and price movements and thanks to that is able achieve high rate of winning trades. Every order has StopLoss (either real or virtual) and EA has implemented advanced filtering functions together with spread and slippage protections. This EA does NOT use any of the dangerous strategies like Martingale, Grid or Arbitrage. This EA is fully customizable by user. This EA is not limited by trading pair or time

225 USD

Advanced MACD is a safe and fully automated EA. This EA uses MACD indicator with double confirmation set and filtering by range of latest price movements. Every order has stop-loss and the EA has implemented advanced filtering functions together with spread and slippage protections. This EA does NOT use the dangerous strategies like Martingale, etc. Advanced MACD is NOT a tick scalper that produces high number of trades per day and it is NOT dependent on every point of price. This EA is

60 USD

Advanced MACD Lite is a safe and fully automated EA. This EA uses MACD indicator with double confirmation set and filtering by range of latest price movements. Advanced MACD Lite is EA based on Advanced MACD dedicated to less experienced users in forex trading. Only settings required by user is selection of Trading mode, size of lot to trade and unique magic number for each chart. Every order has stop-loss and the EA has implemented advanced filtering functions together with spread and slippag

60 USD

RageX EA is an unique fully automated EA which analyses current market trend on time-frame basis. Thanks to that it makes performance of this EA stable regardless the current market condition like slippage, execution speed, etc. Every order is protected by automatically calculated stop-loss. RageX EA successfully passed back-tests with 99.90% quality historical data and variable spread in Metatrader 4 as well as 100% quality data back-tests in Metatrader 5 with different execution speed. Link t

79 USD

Unique trend trading algorithm with advanced filtering and many features which should become a part of your trading arsenal. This indicator can give you also trading advisors (with take profit target), success rate scanner and much more. Important information For additional detailed information you can visit the 747Developments website. Features Easy to use (just drag and drop to the chart) Possible to use with any trading instrument Possible to use on any time-frame Take profit advisors S

49 USD

Unique trend trading algorithm with advanced filtering and many features which should become a part of your trading arsenal. This indicator can give you also trading advisors (with take profit target), success rate scanner and much more. TrendMagiX PRO comes with built-in multi-pair and multi-timeframe scanner which is fully adjustable. User can select own symbols and time-frames to monitor. + ALL the features of standard TrendMagiX indicator Important information For additional detailed infor

79 USD

Elite SR - Advanced Level Indicator for automatic detection of support and resistance levels with different degree of credibility should become a part of your trading arsenal. This indicator is accessible via iCustom function and provides level values as well as their degree of credibility. Elite SR is fully adjustable and can work on any time-frame with any trading instrument! Important information For all detailed information about this indicator you can visit 747Developments website. Feat

44 USD

245 USD

Channel Master is unique indicator for automatic channel finding. This indicator is fully adjustable by user. User can also put more instances of Channel Master to one chart with different channel size for better trend filtering. To find more information visit the 747Developments website. Features Easy to use (just drag & drop to the chart) Fully adjustable Accessible via iCustom function Possible to use with any trading instrument Possible to use on any time-frame

30 USD

CyberTrend is a fully automatic Expert Advisor based on advanced algorithms for short term trend prediction. This EA uses several custom made indicators combined with candles prediction that helps to achieve a very high-rate of winning trades. This EA successfully passed long term back-test with real tick data, variable spread, real commision and swap from Metatrader 5 Strategy Tester. CyberTrend is also fully adjustable by user. Please read the blog to get more information about FAQ and setti

55 USD

49 USD

225 USD

60 USD

RageX EA is an unique fully automated EA which analyses current market trend on time-frame basis. Thanks to that it makes performance of this EA stable regardless the current market condition like slippage, execution speed, etc. Every order is protected by automatically calculated stop-loss. RageX EA successfully passed 100% quality data back-tests in Metatrader 5 with different execution speed as well as back-tests with 99.90% quality historical data and variable spread in Metatrader 4. Link

79 USD

49 USD

Unique trend trading algorithm with advanced filtering and many features which should become a part of your trading arsenal. This indicator can give you also trading advisors (with take profit target), success rate scanner and much more. TrendMagiX PRO comes with built-in multi-pair and multi-timeframe scanner which is fully adjustable. User can select own symbols and time-frames to monitor. + ALL the features of standard TrendMagiX indicator Important information For additional detailed infor

79 USD