Williams Percent Range
- Experts
- Jason Mark Smith
- Version: 1.1
- Activations: 5
Welcome to the Williams Percent Range EA (wpr)
It is recommended that you read through the entire document before you start creating a strategy so that you understand how it all works.
Risk management — fixed and risk-based position sizing for flexible risk management.
Features:
- ATR For Stop Loss And Take Profit.
- Position Size. Fixed Size Or Risk Based
- Automatic Size Based On Risk. Equity, Balance Or Free Margin
- Stop Loss Mode. Closes trade on signal and enters new trade opposite direction. (close of candle)
- Limit Trading Hours
- Partial Close
- Magic Number
- Commentry
- Slippage
- Max Spread
How To Use The EA'S Features (If you are unsure of anything or just need some help in understanding better.) Please feel free to contact me. I will get back to you within 48 hrs.
- Stop Loss Mode
There are 2 different types of Stop Loss and Take Profit this bot can use.
Automatic and Fixed
If you have it on fixed. Your options are. You can use a hard SL and TP . Plus it will close on a reverse signal and enter a new trade in opposite direction.
So you can set a 500 pip SL and it will use the reverse signal as a TP or you can set SL and a TP.
If you want it to just use the signal for SL and TP. Then leave the values as 0 and it will TP out on reverse signal or SL out and enter new trade in the opposite direction.
Automatic uses ATR for both SL and TP. If your not aware of how powerful the ATR function is. ATR can take care of all your risk management
In theory you could run this bot and never have to touch it.
Bug report
Given the complexity of this EA. Some bugs may not have been discovered yet.
If you think you've found a bug in the Williams Percent Range EA
- Write a precise description of the context.
- Write a description of the error as precise as possible.
- Attach the logs of the expert tab for the corresponding date.
- Attach the logs from the log tab for the corresponding date.
