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Fake out strategy

This expert advisor finds and operates the Fake out pattern, the search algorithm and its management can be adjusted from the Bot's configuration parameters. 

Features:

- Designed to operate with any type of asset.

- It is possible to set the time range in which the expert advisor will operate.

- Trailing stop managed internally by the algorithm.

- Partial position closing (partial profit taking), when the price has moved in favour of the position.

- Take profit automatically adjusted by the algorithm, Stop loss adjustable by configuration parameters.

- Volume of each trade adjustable by parameters.

- The user can configure the expert advisor to trade without taking into account the exponential average.

- The user can configure the expert advisor to trade without partially closing trades (avoids partial profit taking).



Configuration parameters:

volume: Volume set for each trade.

ratioSL: Ratio SL/TP, a value of 0.5 would place the Stop loss at half the calculated Take profit distance (e.g. Take profit: 100 points --> Stop loss: 50 points).

magicNumber: Magic number.

startHour: Time from which the expert advisor starts trading.

endHour: Time from which the expert advisor stops trading.

emaPeriod: Period of the EMA (exponential moving average) used in the algorithm.

useEma: true --> uses the EMA in the algorithm, false --> trades without taking the EMA into account.

useClosePartial: true --> closes half of the trade when the price moves in favour and executes the trailing stop, false --> trades only with Take profit and Stop loss without closing trades partially.


I do not think it is realistic to post screenshots of the performance of the expert advisor, as this would vary depending on the parameters, assets, etc... Instead I recommend that you try the expert advisor yourself and determine whether it works properly.


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anairo 2022.08.28 08:44 
 

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Version 1.2 2022.04.19
The input parameter "ratioSL" has been replaced by the parameter "ratioOffsetSL", now the stop loss is placed above the high of the day, or below the low, depending on the case. A small margin will be added which is given by this parameter.
Version 1.1 2022.03.31
Minor changes for efficiency improvement.