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Multi Strategy Dashboard EA MT5

5
  • Multi instrument and multi time frame EA, with the best indicators. 
  • The MSD EA can be used for automated and manual trading.
  • Click on the '?' button on the dashboard to obtain information about the various elements of the MSD EA.
  • Uses ATR Take Profits, ATR Stop Losses and ATR Trailing Stops.
  • Comes with an FX Currency Strength meter and a Market Sessions indicator.
  • Has the option to place Trade Lines (Buy, Sell, Close, Alarm). When the price reaches the trendline, the EA will perform the appropriate actions.
  • You can open trades manually in the backtester to test any strategy.
  • The Sleep function can be used as a news filter to disable automated trading on MT5. It affects all EAs on your platform.
  • It sends notifications to your MT5 application, emails and alerts for price action and candlestick patterns.
  • On the Market Watch window right-click and select Show All. By doing so, the MSD EA will have access to all your brokers' instruments.


Automated trading

The EA opens trades at the beginning of a new candle. To test strategies faster uncheck the 'Visual mode' box on the Tester window.


4 main strategies.

  1. Crossover: Looks for trend reversals. This strategy is good at identifying markets that have reached a top or bottom and a reversal is expected. 
  2. Breakout Level: Looks for range breakouts. It attempts to buy or sell when a major resistance or support is broken, and there is an increase in volatility supporting that push.
  3. Pullback: Opens trades following the trend. It works in markets that are trending and are doing the usual Elliot waves movements. When price recedes in an upward movement it will attempt to buy.
  4. Carry: It works in all market conditions. With this strategy, we aim to take advantage of positive swap. To find your broker's swap rate, right-click on the instrument/symbol in the Market Watch window, click on Specifications, and look for Swap long and Swap short. It is recommended to use the 'Only Long' or 'Only Short' positions in the Expert's Common tab. The Carry strategy can have up to 15 positions open and, you can control the risk by setting the lots for each position.

For the first three strategies, each time the Multi Strategy Dashboard EA closes a losing trade it will use the next lot size in the series to open a new trade. Users can choose the lot size for subsequent trades.

The Multi Strategy Dashboard EA works on any time frame and financial instrument that your broker offers.






Reviews 1
rajivcau
456
rajivcau 2024.04.09 17:51 
 

Awesome, Awesome, Awesome....ALL THE WAY....Cheers///

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rajivcau
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rajivcau 2024.04.09 17:51 
 

Awesome, Awesome, Awesome....ALL THE WAY....Cheers///

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Version 1.5 2024.04.15
Fixed a bug that prevented the EA from displaying the news events. There is no longer the need to type the address https://forexfactory.com in the Allow WebRequest for listed of allowed URL.
Version 1.4 2021.12.11
The Carry strategy is by default the selected automated trading system. No changes have been made to the algorithm.
Version 1.3 2021.12.10
Fixed a bug that prevented the Manual ATR TS from being placed correctly.
Version 1.2 2021.11.24
Fixed a bug that was slowing down backtesting. Non-visual and optimization backtests should now run faster.
Version 1.1 2021.11.17
An FX Currency Strength meter has been added to the MSD EA.
The MSD EA has the option to place Trade Lines (Buy, Sell, Close, Alarm). When the price reaches the trendline, the EA will perform the appropriate actions.
There is a new '?' button on the dashboard which provides information about the various elements of the MSD EA.
Closing the platform and reopening it does no longer modify opened trades.
The profit boxes on the dashboard now reflect the trades' commission for raw spread brokers.
On the Simplified version of the MSD EA, the profits displayed are for the symbol where the MSD EA was attached to.
For the Market Sessions indicator, you now have the option to use different styles for the boxes.
For manual trades you can place ATR Take Profits, ATR Stop Losses and ATR Trailing Stops. The ATR Trailing Stop will move at the beginning of a new candle.
For automated trading, the Invert Trade Logic has been replaced for the Hedging option.

All the following changes affect the Carry strategy for automated trading:

It now leaves an incremental space between each consecutive trade.

Previously the ATR Trailing Stop was activated when there was only one opened position. This is no longer the case. The EA will calculate the average entry price for all the opened positions (taking into account the lot sizes used). This gives more flexibility when using the ATR TS.

Previously when setting the ATR TP to 0 the EA would still place a Take Profit when there were multiple positions open. With the current version if you set the ATR TP to 0 the EA will no longer place a Take Profit. The idea behind these changes is that you are now encouraged to use the ATR TS so you can let your winning trades run longer.