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The Forex Exchanger MT5

1 279 USD

Demo downloaded: 441

Published: 11 May 2022

Current version: 1.44

The Forex Exchanger MT5

Experts
Fabio Cavalloni
Version: 1.44
Updated: 15 July 2023
Activations: 10

All explainations about the strategy: https://www.mql5.com/en/blogs/post/747470

Live signals:

Main account: https://www.mql5.com/en/signals/1416185
Second account: https://www.mql5.com/en/signals/2111323

Here I will explain only the EA inputs part.

This EA will be consistently updated with new and unpredictable things that can bring its performance to a better level every day!

Buying this EA you will not only got a powerful automatic trading system, but also all knowledge and experience I've put on it over years.

Input parameter	Description
GLOBAL
Magic number	ID number of trades opened by EA. (Be sure of not having other EA on the account using the same magic number!)
Symbols custom	It can be entered custom symbols to be traded, by default all 28 pairs of forex will be traded but here it's possible to enter for example EURUSD,GBPUSD for trading only these 2 symbols. Separator is comma, empty field means to trade all 28 forex pairs.
Symbols prefix	The prefix (if any) used by your broker. For example if your forex symbol name is .EURUSD here you will put .
Symbols suffix	The suffix (if any) used by your broker. For example if your forex symbol name is EURUSDx here you will put x
Symbols stop main	Symbols that need to be not traded again (it still remain possible for EA to add trades on already opened symbols! It can also be a currency name like EUR to stop all EUR symbols)
Symbols stop grid	Symbols for which you don't want more trades to be added. (It can also be a currency name like EUR to stop all EUR symbols)
Symbols custom TP updates	Used for overriding TP of a specific symbol, examples: "EURUSD:100" it means that for EURUSD TP will be always be 100 points more than average price. "EURUSD:0" means to never change TP of EURUSD again. Leaved empty means to leave EA to automatically adjust TP. It's possible to override multiple symbols entering like this "EURUSD:100,GBPUSD:200"
STRATEGY
Money to consider	It's possible for the EA to choose lots automatically based on Balance or Equity.
Risk factor	The wanted risk factor (remember to double check on chart informations for the lot size that will be opened!)
Entry	Entry strategy.
OBOS sensibility	Sensibility of the strategy about OBOS.
Low timeframe sensibility	Sensibility of low timeframes filters to happens among with the main signal: in order to improoving accuracy.
High timeframe sensibility	Sensibility of highest timeframes (like weekly and monthly) for catching market in good probability setups.
Grid entry	Strategy rule set used by the EA for adding trades on existing baskets.
Grid sensibility	Sensibility of how and how many additional trades open.
Target factor	Factor of how "aggressive" the EA need to be into calculating its targets/TP.
Start threshold	Value more than 1 increase the sensibility of the trade opening, making the EA to virtually track its own operations and entering into the market later and at a better price. (Very powerful for making the EA working on situations that can be called "excess of excess", improoving certainly the risk/return ratio.)
Stop threshold	Value 0 means to never forcely close trades. Value like 3 means that as soon as 3rd trade should be opened on a specific symbol, instead of opening it, all opened trades are closed. (It can act like a forced but dynamic stop loss).
Max trades / currency main (0=no limit)	Value more than 0, like 5, means for the EA to not open a trade on a new symbol if there are already 5 or more trades already opened on the same currency and direction. (Ex,if it should be opened a BUY EURUSD but there are already 5 (or more) BUY trades on EUR pairs or 5 (or more) SELL trades on USD pairs it will not be opened. (A BUY EURUSD trade is a trade BUY for EUR and SELL for USD, oppositely SELL EURUSD it's a SELL trade for EUR and BUY for USD). NOTE. This is only for NEW trades on symbols that are not already traded.
Max trades / currency all (0=no limit)	Same filter as the previous, but in this case it's a global limit that will be checked also when adding trades to existing baskets.
Hard stop loss %	Value 0 means disabled, value like 10 means to close all trades as soon as all opened trades are at -10% of global profit (it can be used for capping potential drawdown to a specific % value: really useful when using it with prop firms like FTMO and others).

more...

146

Hass81 2024.03.09 00:30 #

Been using the EA for a few weeks now, results are very good. Also the Author is very quick to respond to questions.

600fs 2024.01.03 11:25 #

I bought this ea on the 18.11.2023 and today is the 03.01.2024 and it already payed for itself. What else can I say? If you want a reliable EA that's working im real market conditions. - The Forex Exchenger is the one you should go for.

contiforex2 2023.08.31 12:14 #

L'EA si distingue per la sua capacità di generare profitti in modo coerente nel tempo. La sua performance positiva è il risultato di un'approfondita comprensione dei mercati finanziari e delle strategie di trading da parte del suo creatore. La componente di supporto è altrettanto impressionante. Il programmatore offre un supporto tempestivo e accurato agli utenti. La prontezza nel risolvere le domande degli utenti e affrontare eventuali problematiche contribuisce significativamente all'esperienza complessiva degli utenti. Un aspetto notevole è la disponibilità del programmatore ad accogliere suggerimenti per migliorare ulteriormente l'EA. Questo dimostra un impegno costante nell'adattare l'EA alle esigenze del mercato e nell'offrire un prodotto sempre più raffinato. In conclusione, "The Forex Exchanger MT5" è un EA che si distingue per la sua redditività comprovata e il supporto affidabile. La combinazione di queste caratteristiche lo rende una scelta promettente per i trader interessati al trading algoritmico.

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Promotion Price: $1499 USD For the next two weeks, we are offering a special promotion price of $1499 USD. This offer is valid until August 5th, 2024, after which the price will be raised to the originally intended price of $2999 USD. Following this, the price will increase weekly based on the percentage of profits achieved during each successful trading weekend until it reaches the target price of $10,000 USD. We are not looking for quick and mass sales but rather genuinely inter

1 499 USD

Only 1 sales left before the next price increase! Next price is: $ 2033 final price is $4933 Live performance 1 (EURUSD) MT4 version can be found here *** By purchasing this EA, you will receive a free 1-day HFT pass to the Prop firms. For details, please message below chat channel. *** Join channels to receive notifications and the latest updates: https://www.mql5.com/en/channels/diamondscalping To win in the trading market, there are two approaches: You will win a lot with a high

1 933 USD

Ultima Trader is a multi-currency advisor that can effectively operate on different time frames and in a variety of market scenarios thanks to its advanced non-geometric progression averaging system. This feature allows him to build trading grids and determine the moments of entry into the market with high accuracy. Main characteristics of Ultima Trader: Security systems: The advisor is equipped with special filters, spread control and trading time limits to ensure safety and reliability. A

1 299 USD

Doctor Winsto n Bot Description General Features: Name: Doctor Winston Type: State-of-the-art Forex trading bot Tools: Supports most currency pairs and trading instruments Timeframe: Can work on any timeframe Bot Settings: Money Management: MMOn: Enable/disable money management (true/false) DefaultVolume: Default trade volume (0.01) MMCalc: Basic amount for money management (1000) Indicators: ALength, BLength, CLength, DLength, ELength: Parameters for different indicators by length ADimensi

1 299 USD

Introducing Sanctimonious EA For Boom And Crash ! Sanctimonious EA For Boom And Crash is a revolutionary MQL5 expert advisor designed to revolutionize your trading experience in the boom 1000 index market. Developed by a team of seasoned traders boasting over 5 years of collective trading expertise, this bot brings cutting-edge technology to your fingertips. Note: For demo and back testing purpose use the same configuration details provided in the screenshots . When back testing, I recommend yo

2 500 USD

Please refer to this blog post for additional informations about the strategy, approaches behind it and some backtest examples. Live signals: https://www.mql5.com/en/signals/2226243 Golden Goal (GG) Expert advisor is a complete autotrading system that works on 28 majors-minors forex pairs. Its nature can be described as mean-reversion approach, with custom complex entry, exit and scaling decisions, that can make the EA act like an auto-optimizing expert advisor. Oppositely to my other EA Th

499 USD

Live monitoring signal NOTE: This is for monitoring only, do not subscribe to signal! This EA trade in a very delicate way during very delicate time, be smart and don’t use copy signals service. Discrepancies in quotations, spreads, trading hours and delay in copying trades will make almost impossible to have same results. Relax EA open trades at the end of Friday trading session looking for specific patterns, volatility and momentum on several timeframes: main idea is to catch quickly and pr

299 USD

Quick Trade is a simple but needful utility for MT5 that allows to set SL, TP and entry price for a trade in a couple of seconds, allowing also shaping right position size based on risk wanted. It provide shortcuts to save more time and of course, you can also put values typing with keyboard or drag lines at your desired value! Shortcut Action CTRL + Click Set SL Shift + Click Set TP z + Click Set Price A simple utility that you will start to love if you do manual trading. Stop calculating ris

FREE

Thermo MAP is a multicurrency and multitimeframe indicator that display a smart heat map based on proprietary calculations. Watch how Forex market moved and is currently moving with a single dashboard and have a consistent and good idea of what is happening! It can be suitable for both scalping or medium/long term, just select options that better fit your trading style Symbols list are automatically sorted based on the preferred column. There is the possibility to click on: First row, timefram

FREE

OnBoard stats is a panel that show in a single view a lot of usefull information about working orders and trading account. It has 4 different sub-panels (from left to right): Symbols order statistics : it can be found symbols for which there are orders (market or pendings). Symbol with pendings are colored with "Pendings color". Clicking on a specific symbol row, chart will be changed to that symbol. Current symbol statistics : informations about the "current" symbol, the one which is opened in

FREE

RSI Currencies is an indicator that is based on the RSI concept but with a totally different approach. It calculates its values calculating all RSI values of all pairs related to the same currency and making an average between them: the goal is to obtain a more solid and trustable information about what each currency are doing lowering the impact of market noise and extreme euphory on a particular pair to analyze the whole basket. It works on 28 forex majors and minor pairs related to these curr

FREE

This is a usefull utility for monitoring spread and also for recording informations to a file. (Files will be placed into "Common\Files\Spread Monitor"). There is the possibility to let the indicator calculate high/low into the past thanks to downloading ticks. (It's a slow and approsimate thing! The best way to use it is to attach to a chart and let it recording spread in real time). There is also a buffer with the average of spread in latest X periods. Easy and effective.

FREE

Forex Meter Oscillator is an indicator that can give a whole view of forex market from a single chart, measuring currency strenghts among 28 forex pairs (majors and minors). The "oscillator" word is very meaningful: it normalizes currency strenghts in order to provide values in a predefined range (from -1 to 1). What are normalization's advantages? It's so simple, values will always be in a pre-defined range that reflect exactly the current value compared to the last N values. In this way you

49 USD

Filter:

146

Hass81 2024.03.09 00:30 #

Been using the EA for a few weeks now, results are very good. Also the Author is very quick to respond to questions.

600fs 2024.01.03 11:25 #

contiforex2 2023.08.31 12:14 #

1353

Jou 2023.03.10 16:16 #

It's perfect for anyone looking to up their Forex trading game. The strategy is simple but effective: buy low and sell high. And it gets better, the expert waits for a good strength of price pushing in the entry direction before taking it, making the entries more accurate. Plus, it's smart enough to manage drawdowns by averaging the price. It deserves a 5 star rating for sure!

222

a121el1e 2023.01.10 02:33 #

Running this EA for few month and the result is great so far.

271

Maurizio Francia 2022.11.04 11:47 #

User didn't leave any comment to the rating

251

EakasitL 2022.07.01 19:36 #

Although I've used the EA for only a short period of time, I believe it has some good potential. So far I'm in the green with the EA. The author is an honest guy and clearly knows what he's doing. I sent him a lot of questions, and he always responded with detailed explanations in a timely manner. I highly recommend this EA.

nh95 2022.05.21 16:04 #

User didn't leave any comment to the rating

125

Emanuele Di Miceli 2022.05.13 03:29 #

User didn't leave any comment to the rating

Version 1.44 2023.07.15

- Added possibility to choose fixed lot size (by default it's set to 0=use risk factor, as before)

Version 1.43 2023.06.22

- Added EA icon
- Added possibility to run the EA only on "current symbol": the symbol of the chart. Just put "current" into "Symbols custom" input.

Version 1.42 2022.11.21

Various bugfixes

Version 1.41 2022.10.04

Important bugfix on SymbolSelect for all symbols used during OnInit.

Version 1.40 2022.09.30

Added 'Risk real' for shaping lot sizes differently among all symbols
Bugfixes on 'Grid scalping' and added 'Start trade'

Version 1.32 2022.09.23

Various bugfixes

Version 1.31 2022.09.13

Visual bug fix on Chart information

Version 1.3 2022.09.07

- Added 'Grid modular' and 'Grid scalping': both these functions increase the numbers of trade thanks to more sensibility of the EA near the averaging levels.

Version 1.2 2022.06.27

- Risk factor: Changed to a floating number in order to make it better customizable.

- Added main signal "SM" and removed "Pull" (that were previously just coded as input but not in the rules)

- Added "Disabled" option into OBOS sentibility variable: this is for "voiding" all OBOS rules checked. (it will means to have a lot of more trades, but of course, less accurate.)

- Added "Low timeframe sensibility": used for checking on low timeframes if the main signal happens in accordance with some additional filters in order to improoving accuracy.

- Added "High timeframe sensibility": used for checking on highest timeframes (like weekly and monthly) if market is in a good probability setup.

- Added "Grid entry": for choosing the rule set used by the EA for adding trades on existing baskets.

Version 1.1 2022.05.12

Default variables assignments