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ReboundModifyIntellect

One of the main goals in the development of this Expert Advisor was ease of use. As a result, this EA has a minimum of parameters, which are easy to understand. At the same time, it is very flexible and customizable for almost for any instrument (currency pair).


The logic

According to the given algorithm, the EA determines local support and resistance levels (at startup, the previous quotes are disregarded). When a candle closes beyond any level, a deal is opened in the opposite direction, expecting a price rebound. By default, take profit and stop loss are set at a ratio of 1:1, but you can change this in the parameters, if necessary. The maximum number of simultaneously open deals is 3. This is a safety measure, which prevents opening a lot of deals against a trend when it is formed. If the price breaks through the resistance level and continues to move in the same direction, the EA will monitor the formation of a new support level. Such manipulation allows minimizing losses.


Parameters

  • StartHour - hour to start working in the active mode.
  • StartMinute - minute to start working in the active mode.
  • StopHour, StopMinute - time to stop working and to switch to standby mode. For trading around the clock, set all parameters to 0.
  • TrailPoints - the number of points in profit to modify a deal.
  • SLTrail - the number of points for breakeven. Trailing will be triggered only when a new candle is formed.
  • NoModSell - when set to true, open sell deals will not be modified when a new support level is formed. If set to false, there are no restrictions on the modification.
  • NoModBuy - the same logic as in the previous parameter. Only for buy deals.
  • Intellect - allow the EA to automatically make decisions on the modification of deals. Set to true to activate, set it to false to disable. In most cases, the use of this parameter has a good effect.
  • ProfitPlus - the stop loss and take profit are set a ratio of 1:1 by default. This parameter allows increasing the take profit value by the specified number of points relative to stop loss.
  • Lot - volume for every deal. The volume is fixed.

I hope you will agree that it is quite easy to understand these parameters.

Please note that quotes of different brokers may vary. So the results can be different.

Be sure to test, combine the parameters, optimize before use and the results will not keep you waiting.

Have a happy trading.

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Gold Trade Pro MT5
Profalgo Limited
4.56 (32)
Promoción de lanzamiento! ¡Solo quedan unas pocas copias a 449 $! Próximo precio: 599$ Precio final: 999$ Obtenga 1 EA gratis (para 2 cuentas comerciales) -> contácteme después de la compra Ultimate Combo Deal   ->   click here Live signal:   https://www.mql5.com/en/signals/2084890 Live Signal high risk :  https://www.mql5.com/en/signals/2242498 Live Signal Set Prop Firm Set File JOIN PUBLIC GROUP:   Click here Parameter overview Gold Trade Pro se une al club de Gold Trading EA, pero
HeXon FX
Arseny Potyekhin
HeXon FX – La solución de trading líder para traders de Forex HeXon FX es un Asesor Experto (EA) altamente avanzado, diseñado para operar con precisión en los mercados de divisas. Utilizando estrategias de trading de vanguardia, HeXon FX ofrece una solución flexible y estable para el trading del par de divisas EURUSD. Este EA sobresale en fases de mercado volátiles, adaptándose eficientemente a diferentes condiciones de mercado para generar beneficios constantes mientras minimiza el riesgo. S
Last copy at 399$ -> next price 499$ Dark Algo  is a fully automatic Expert Advisor for   Scalping   Trading on   Eurusd . This Expert Advisor is based on the latest generation of   algorithm  and is highly customizable to suit your trading needs. If you   Buy this Expert   Advisor you can   write a feedback   at market and   get   a second EA for   Free , for More info contact me The basic strategy of this EA is built on a sophisticated   algorithm  that allows it to   identify   and   follow m
Boring Pips MT5
Thi Thu Ha Hoang
4.71 (28)
¿Alguna vez te has preguntado por qué la mayoría de los asesores expertos no son efectivos en el trading en vivo, a pesar de su perfecto rendimiento en las pruebas retrospectivas? La respuesta más probable es el sobreajuste. Muchos EAs se crean para 'aprender' y adaptarse perfectamente a los datos históricos disponibles, pero fallan en predecir el futuro debido a la falta de generalización en el modelo construido. Algunos desarrolladores simplemente desconocen la existencia del sobreajuste, o l
Otros productos de este autor
If you are looking for an easy-to-use Expert Advisor, then this is what you need. No settings. All that is required of you is to choose a currency pair, a timeframe and allow automatic trading for the EA. The strategy of the expert is based on the local support and resistance levels. When a candle closes beyond any level, an order is opened in the opposite direction, expecting a price rebound. The maximum number of orders opened at a time is limited to 3. This is a safety measure, which prevents
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One of the main goals in the development of this Expert Advisor was ease of use. As a result, this EA has a minimum of parameters, which are easy to understand. At the same time, it is very flexible and customizable for almost for any instrument (currency pair). The logic According to the given algorithm, the EA determines local support and resistance levels (at startup, the previous quotes are disregarded). When a candle closes beyond any level, a deal is opened in the opposite direction, exp
One of the main goals in the development of this Expert Advisor was ease of use. As a result, this EA has a minimum of parameters, which are easy to understand. At the same time, it is very flexible and customizable for almost for any instrument (currency pair). The logic According to the given algorithm, the EA determines local support and resistance levels (at startup, the previous quotes are disregarded). When a candle closes beyond any level, a deal is opened in the same direction. By defa
One of the main goals in the development of this Expert Advisor was ease of use. As a result, this EA has a minimum of parameters, which are easy to understand. At the same time, it is very flexible and customizable for almost for any instrument (currency pair). The logic According to the given algorithm, the EA determines local support and resistance levels (at startup, the previous quotes are disregarded). When a candle closes beyond any level, a deal is opened in the same direction. By defa
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