• Overview
  • Reviews (2)
  • Comments (4)

SparkLight EA MT5

3

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/39903

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)


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


Reviews 2
vakuchi
126
vakuchi 2022.07.13 18:50 
 

Great job. I really like it. I've set my own parameters and is working from today in my live account . Thanks for sharing !

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AI NoX EA is an innovative Forex expert advisor that combines advanced neural networks technologies with high-volume trading and Matrix factorisation .The advisor uses complex algorithms to decompose large sets of market data, uncovering hidden patterns and correlations between various financial instruments. Details about Advisor Development Configuring the Advisor The price of the advisor will increase significantly as I have allocated a specific number of copies. I will adjust the price as sal
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New product on sale. Price goes up by $50 for every copy sold, up to $1,500! Top Trnd Plus is based on   Top   Trend, which accounts for 20%. It combines my other excellent EAs, adds support for XAUUSD, adds four trading modes, adds two time selection modes, Long Time Model and Short Time Model, and can trade more than 14 foreign exchange currency pairs. It also simplifies parameter settings, which is a bold innovation and attempt. Signal address . Set the document collection  . If you don't kn
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Introducing  Index Sniper Pro EA . It is a Fully Automatic Index (US30) System trading early US Open. No  Martingale,  No  Grid , No Averaging ***********Upcoming Features*********** NAS100 Set File - WIP S&P500 Set File - Done and Testing Buy only and Sell only Settings - Released Individual TSL and SL settings for Buy and Sell Orders - Released Current Price: $349--> (Next price $499) Live signal: With Default Settings on US30 symbol https://www.mql5.com/en/signals/2255171 Features
Signal Account  (running 0.75% Balance Risk) If you need MT4 version or can't afford renting/purchasing contact me for alternative solution. Join  Nexus Community Public Chat This EA is part of   Nexus Portfolio  - a combination of the b est long term EAs I created for my personal trading as well as private fund management. The best NON martingale, grid or averaging EA in mql5 market. Most other EAs only sell backtest dream. This is the only EA that can perform closely in live trading as in bac
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Lo Thi Mai Loan
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Xian Qin Ceng
5 (8)
Many people like to trade XAUUSD, and I am no exception. After accumulating some trading experience and working hard, I created this Apocalypse XAU EA specifically for trading all XAU-related products, such as XAUUSD/XAUEUR/XAUGBP/XAUCHF/XAUJPY/XAUAUD. However, considering that many people may not need to trade all XAU currency pairs, but only need to trade XAUUSD, an entry-level EA becomes very meaningful. So I decided to create Apocalypse Gold, an EA specifically for XAUUSD trading. Signal di
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Ho Tuan Thang
3.83 (29)
ONLY 3 COPIES OUT OF 10 LEFT AT $399! After that, the price will be raised to $499. - REAL SIGNAL: Default Setting:  https://www.mql5.com/en/signals/2251841 Gold Scalper Trading is an EA that uses a complex trading methodology that includes cross-market analysis to find scalpable entry points with XAUUSD, one of the market's wildest running pairs. EA uses stop loss for all orders, only 1 order and does not use any dangerous trading methods: No grid, no martingale,... Gold Scalper Trading is o
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Lo Thi Mai Loan
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Abdul Jalil Mridah
4.33 (3)
Promotional s uper discount  for today   for few copies .  Prices may increase at any time. Final price will be 4999 USD. Set Files for Gold Harvest MT5   and  Live Signal Please just change Risk Level (1-80). No need other field change and Risk Level 2 = 2% risk for 1000 equity or above. It's only good works on XAUUSD H1 Timeframe. This robot is profitable. This robot requires minimum deposit of 100 equity. You can get good results with it. You can test it first . It will increase the volume i
AI-Driven Technology with ChatGPT Turbo Infinity EA is an advanced trading Expert Advisor designed for GBPUSD and XAUUSD. It focuses on safety, consistent returns, and infinite profitability. Unlike many other EAs, which rely on high-risk strategies such as martingale or grid trading. Infinity EA employs a disciplined, profitable scalping strategy based on neural network embedded over machine learning, data analytics AI based technology provided by latest ChatGPT version to make your overall tra
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vakuchi
126
vakuchi 2022.07.13 18:50 
 

Great job. I really like it. I've set my own parameters and is working from today in my live account . Thanks for sharing !

Marcel Bühler
1446
Marcel Bühler 2021.03.04 22:42 
 

Fluctuates to much for me.

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