Bingo MT5
- Experts
- Aleksey Vyazmikin
- Version: 1.8
- Updated: 11 June 2024
- Activations: 5
I suggest purchasing a Bingo trading expert generator for the MT5 platform.
This expert contains my ten years of experience in trading on the Forex market, the accumulated knowledge and experience are hidden in the code of this product!
I have identified hundreds of patterns for a variety of trading instruments that allow for effective trading operations, and all of them are contained in the Expert Advisor offered for purchase in the form of only two main settings. The advisor is called Bingo because each combination option contains a chance to get a winning set of patterns, and for this you need to indicate the series number and the number of the luckiest “ticket”, which is similar to the famous game!
How does it work:
- The identified patterns described by different patterns and using my exclusive indicators are contained in the form of a database inside the expert.
- The trader has access to settings that enable the implicit selection of used patterns from the database. Since the combinations of these patterns are huge, random selection is used.
- The EA obtained in this way is tested on historical data, including through optimization.
- From a list of the best options, sorted by user criteria, the option that best suits the trader is selected.
- The Expert Advisor is placed on the chart for trading with the selected combination of settings.
I recommend using the portfolio trading method, for this you should use not just settings, but include experts in the portfolio that contain different channel settings and different trading instruments, which will flatten the profitability curve.
The basic strategy of the Expert Advisor is to make a profit when the price returns to the historical average. If the return does not occur, the expert can increase the total position for the instrument, which allows maintaining the gap between the average price of completed trading operations and the average price of the trading instrument. Different generated settings will select different conditions for the initial entry into a position and different conditions for its expansion. However, the generated strategies will tend to perform trading operations at the moment of the expected end of the trend movement in order to make money on the correction.
The advisor has his own a signal that demonstrates the stability of the strategy when trading without increasing the lot volume ( lotM=0).
29 trading instruments are supported, trading is carried out with pending orders for TF=M15.
For the Expert Advisor to work, a deposit of $300 or more is recommended with the lotM=0 setting and an initial lot of 0.01.
The Expert Advisor can be used on a cent account, then for reliable operation with an initial lot of 0.01 you will need only $100 with lotM=3.
Description of expert settings:
- Bingo_S - Bingo ticket series - from 0 to 100000;
- Bingo_N - ticket number Bingo - from 0 to 100000 ;
- SymbolName - name of the symbol to search for Bingo number;
- ChanelName - name of the channel for generating the base signal;
- Magic - the advisor's magic number - any number;
- lotM - 0-7 option for changing the lot size when re-opening a pending order;
- lot - initial lot size;
- OpenBuy - Open buy orders (true) or not (false);
- OpenSell - Open sell orders (true) or not (false);
- StopWork - Stop the work of the advisor and close positions (true) or not (false);
- Use_Drawdown_Stop - Use drawdown limitation (true) or not (false);
- Drawdown_Pos - Drawdown at which the position is closed;
- Profit_Pos - Profit at which the position is closed.
Strategy tester settings:
- Advisor: Bingo_MT5.ex5
- Symbol: Same symbol as in variable "SymbolName"
- Interval: I recommend setting it to at least the last 3 years
- Period: M15
- Simulation: OHLC on M1
- Initial deposit: 100,000 USD
- Optimization: Slow (full search of parameters)
Recommended EA parameters for optimization:
- Bingo_S from 0 to 100 step 1
- Bingo_N from 0 to 100 step 1
- ChanelName from Ch_MOVING_AVERAGE to Ch_Raznica
- lotM from 0 to 7 step 1
The Expert Advisor generates a strategy depending on the selected parameters separately for each channel according to the ChanelName setting; the combination for generation is specified by variables in the settings Bingo_S and Bingo_N.
Using genetic optimization is not recommended for finding expert parameter settings, since expert settings generate a strategy rather than tuning specific expert parameters.
Please note that when optimizing the settings of an expert, unsuccessful combinations are acceptable, creating an expert with unstable income or not trading at all.
I recommend that you carry out optimization according to the maximum user criterion, after the optimization is completed, select from the first 30 settings options, ordered in descending order of this criterion. This custom criterion was developed by me for this type of strategy, and takes into account many statistical indicators in the process of trading on historical data.