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Taranus Light

Taranus Light is a reduced version of the universal, semi-automatic EA Taranus, designed to work under the control of a trader. It can work with or without indicators, has several filters for determining the trend direction and can only work with market or pending order. Trailing stop capabilities of the EAd has been expanded by adding functions from UTrailing EA. Taranus Light EA is suitable for both experienced and beginner traders.

Set files and a guide to the Taranus Light EA can be found in the "Comments" section.

Benefits

  • pending orders or market orders;
  • stop loss: by points, by fractals, by bar extremum, by ATR;
  • total, averaged the take profit on multiple orders;
  • trailing pending orders;
  • the magic number is set automatically, it is individually for each currency pair;
  • main indicators: Moving Average (one MA or two MA) and CCI;
  • filters for determining the trend direction with independent adjustment: AutoTrend 1 and AutoTrend 2;
  • AutoTrend 1 tools, optional: one MA or bar closing price, with a choice of timeframe;
  • AutoTrend 2 tools, optional: separately or together Awesome Oscillator and Parabolic SAR, with a choice of timeframe;
  • 4 trailing stop operation modes: simple, by percentage, general trailing stop and mobile stop loss;
  • 7 trailing stop types: by points, by High/Low, by fractals, by volumes, by MA, by Parabolic SAR by ATR;
  • virtual (hidden) trailing stop;
  • adding stop loss to other orders, including orders opened manually;
  • closing orders by the percentage of profit/loss;
  • opening and closing orders by time (days, hours, minutes, seconds);
  • managing orders using "hot" keys and "hot" buttons;
  • sound alert every time a news outlet and move the trailing stop;
  • works on accounts with 4- and 5-digit quotes;

Parameters

Block 1 GENERAL SETTINGS

  • Magic number (automatic)
  • Allow opening new orders
  • Number of open orders
  • Lots
  • Risk in % - AutoLot calculation
  • Positions: - select the trading direction.
  • Working timeframe:
  • Indicators - trading by indicators One MA, Two MAs, CCI.
  • AutoTrend 1 - enable the AutoTrend 1 direction filter.
  • AutoTrend 2 - enable the AutoTrend 2 direction filter.
  • Use orders - choose which orders to trade (pending or market orders).
  • Pending orders type:
  • Stop Loss by: - setting a stop loss of your choice:
  • Stop Loss size for points
  • Take Profit
  • Use gross take profit

Block 2 RISK MANAGEMENT

Block 3 PENDING ORDERS

Block 4 AUTO TRENDS

Block 5 INDICATORS

Block 6 TRAILING STOP

Block 7 TRADE BY TIME

Block 8 OTHER SETTINGS


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Profalgo Limited
5 (2)
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Version 6.1 2020.11.22
Исправлена ошибка. Удалены лишние, неработающие команды в блоке 8 "Other settings".
Version 6.0 2020.11.07
Added:
"Working timeframe" for indicators;
stop loss by choice: by points, by fractals, by high/low, by ATR;
daily loss limit - "Loss limit for the Balance, in percent";
in AutoTrend 1, determining the trend direction at the bar closing price;
oscillator CCI in the block "Indicators";
choice of font size in messages on the chart.
Changed:
control menu structure;
messages on the chart: the free margin level was replaced taking into account the drawdown, the auto-lot calculation were replaced with the total volume of lots of open positions;
in AutoTrend 2, indicators can now be used both together and separately.
Version 5.0 2020.01.28
Added:
permission to open new orders, enable / disable the EA;
trade with pending orders;
ability to trade without indicators and without choosing a direction;
closing an order at the end of the set working time;
ATR indicator in trailing stop for open positions;
beep when the set operating time is completed.
Changes in the EA:
Removed the "Trading levels" block";
made small changes in the work of AutoTrend 1 and two MA;
the "End of operation time" time can now be set without reference to the "Start of operation time";
we made changes to the set files and the guide to the EA.
Version 4.1 2018.12.19
Исправлена ошибка при выводе комментариев.
Version 4.0 2018.12.18
Added:
in block 6 "TRADING LEVELS":
- mode switch "Setting trading levels:" where you can select: "Auto levels" or " Trend lines";
- parameter "Retreat from the level/line, in points";
- switch modes "Set levels by:" where you can choose how to build the trading levels of "High/Low", "Fractals" or "Points" (the values set by the trader);
- mode switch for trend lines "Select trend lines:" where you can select: "Two lines together", "Buy line only" or " Sell line only";
- "999" Trend line Buy - name for the buy line;
- "111" Trend line Sell - name of the sell line.

Change:
- showing information messages on the chart;
- changed the operation of the hot buttons, the "Close All" button, when it is pressed, now not only closes all orders on the account, but also blocks the work of all EA Taranus Light (similar to the action of the hot keys "Shift + 0"), pressing the button again removes the lock;
- hot buttons "Close Loss", "Close Profit", "Delete PO","Delete SL" now work only on the chart of your symbol (your currency pair) and execute the order on all orders of this chart without taking into account the magic number and direction of the order;
- fixed bug and changed work when closing by profit or loss percentage;
- the location and purpose of the commands in the block 3."RISK MANAGEMENT";
- the unit structure 6."TRADING LEVELS".

Removed:
- from the control menu command "All Symbols, except opening orders!";
- trailing pending orders.
Version 3.0 2018.04.13
Added:
- "All Symbol" trailing stop (for all symbols);
- trailing stop based on Moving Average or Parabolic SAR;
- trailing stop by percentage, 3 levels for partial reduction of position volume;
- trailing of pending orders;
- placement of stop loss for orders with a different magic number;
- "hotkeys" for quick commands ("Close All", "Close Loss", "Close Profit", "Delete PO", "Delete SL").
Version 2.1 2017.06.28
Fixed bugs:
1. in the automatic calculation of the lot size;
2. in the operation of the trading levels;
3. in display of the information on the chart.
Version 2.0 2017.06.01
1. Revised the EA control menu, it is now more convenient.
2. Added AutoStop - setting the stop loss and take profit levels automatically depending on the market volatility based on the ATR indicator.
53. Autolot is now based on Balance and not on Equity as it was before.
4. Implemented additional "slowing" parameter for AutoTrend 1 - indicator sensitivity level, the higher the value the slower AutoTrend 1 reacts.
5. Two types of trailing stop: conventional and mobile stop loss.
6. Four trailing stop modes: by points, by High/Low, by fractals and by volumes.
7. The EA is now allowed to open market orders when all indicators are disabled and when only one direction is selected (Long or Short).
8. Added the ability to open orders with only AutoTrend 1 active and when a single trading direction is set (Long or Short).
9. Added a lower arrow pointer to the chart (for "Indicators: and "Trading levels"), which shows the direction of the open order. If there are no open orders the arrow is located horizontally.
10. Added a caption near to the lower arrow, which shows the indicator the EA currently uses for operation.
11. Significantly increased the visualization speed in the strategy tester.