Vini MT4
- Experts
- Vinicius Pereira De Oliveira
- Version: 1.124
- Updated: 11 May 2024
- Activations: 5
The Expert Advisor is fully automated, trades in all sessions (full-time), using a strategy based on candlestick patterns:
- Bullish Patterns: Reversal Composite Candles (similar to the Hammer pattern, but it uses the composite candle instead the single candle), Three White Soldiers, Piercing Line, Morning Doji, Engulfing, Harami, Morning Star, Hammer and Meeting Lines;
- Bearish Patterns: Reversal Composite Candles (similar to the Hanging Man pattern, but it uses the composite candle instead the single candle), Three Black Crows, Dark Cloud Cover, Evening Doji, Engulfing, Harami, Evening Star, Hanging Man and Meeting Lines.
Real account monitoring
Follow the EA operating in real conditions, using Automatic Settings: Vini MT4 Signal.
Recommendations and features
- To trade on all symbols of this strategy, an account balance from 5K is recommended;
- The EA must be attached to the symbol's M5 chart, so it can operate normally on up to 4 timeframes (M5, M15, M30 and H1);
- The conditions for opening and closing positions and the movement of the trailing stop are checked with each new bar;
- The EA can manage simultaneously, without conflicts, open positions from 2 settings files for the same symbol: one defined automatically and the other defined by the user;
- Before attaching the EA, make sure the symbol has at least 6 months of historical data.
Risk management
- Each trade is protected by Stop Loss and Take Profit;
- Each position is only opened when the trade signal occurs;
- The Risk/Reward (R/R) ratio is 1:1, and losing positions are not kept open indefinitely, hoping for the market to reverse;
- The set R/R is 0.20% per trade. When it is not possible to use this R/R (due to the small amount deposited), the minimum lot is used;
- If there are open positions and a reversal signal is identified on the same timeframe, the positions will be closed.
The specifications of the symbols can vary greatly for each broker, and, consequently, the risks involved in their trades also vary. Therefore, it is extremely important to test each symbol to confirm whether these risks are compatible with the strategy and amount deposited.
Symbols
- Indices: DE40 (Dax 40), JP225 (Nikkei 225), US30 (Dow Jones), US500 (S&P 500) and USTECH (Nasdaq 100);
- Currency Pairs: AUDUSD, CADJPY, EURUSD, GBPJPY, GBPUSD, NZDUSD, USDCAD and USDJPY;
- Metals: XAGUSD and XAUUSD;
- Energies: BRENT and WTI;
- Stocks: AAPL (Apple Inc.), AMZN (Amazon.com Inc.), NVDA (Nvidia Corp.), PYPL (PayPal Holdings Inc.) and TSLA (Tesla Inc.).
Input parameters
> Settings and Risk Management
- Settings Mode: if you want to use your own parameter settings and perform optimizations, select User Settings; if you want the EA to select parameter settings automatically, select Automatic Settings (this option ignores the parameter settings entered by the user); if your broker uses a different nomenclature and the EA cannot identify the symbol, select it from the list of this parameter to use the most appropriate settings (this option ignores the parameter settings entered by the user);
- Positions Risk Mode: select Percentage or Fixed Lot;
- Positions Risk Size: percentage of capital or lot size that EA will use in each trade, according to the option selected in the previous parameter.
> ATR and Levels Management
- Average True Range: select the period of the indicator;
- ATR | Tick Volume: select one of the available options;
- Trading Level Mode: select a strategy for trading;
- Trading Levels: select one of the available options.
> Signals Management
- Trading Mode: select the trade type or disable trade for the timeframe;
- Candle Range: select an option to calculate the range;
- Candle Size: minimum size (height) of the range - percentage of ATR;
- Candle Body: parameter used to calculate the minimum size of the candle body;
- Shadow Big: percentage of Candle Size;
- Shadow Small: percentage of Shadow Big.
Optimization
The trading hours of the symbols can vary for each broker, which will require specific settings files (.set) for the broker and symbol. See an example of how the EA can be optimized in the Comments tab (comment 3) . . .
The back-test results are not very good, but the EA earns well in the real world. It can trade Gold and Indices as well as forex pairs. I am happy with Vini MT4.