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Alchemic MT5

Alchemic's algorithm does not use martingale, grid or any other risky money management systems, it is based on candlestick analysis. Alchemic analyzes several time frames and determines the dominant price direction for entering/exiting the market. Each trade of the EA is accompanied by stop Loss and Take Profit orders. The size of Stop Loss and Take Profit is determined by market volatility. The EA can trade the specified volume or dynamically select it for each trade based on the amount of available funds, the size of the Stop Loss and the selected risk preset for the trade.


INPUTS FOR ALCHEMIC:


Comment for positions: Enter your comment for orders here 

Magic number: magic number for orders 

Lots method: lot management method

manual lots: use a static lot size for all orders

Auto Lot Size: automatically calculate the lot size based on balance percent 

Server time offset from gmt: hours shift from gmt time (default: 3)

Symbols prefix: prefix for symbols (eg enter "c" for "cAUDCAD")

Symbols suffix: suffix for symbols (eg enter ".c" for AUDCAD.c)

Maximum spread allowed: no trade will be initiated for symbols with spreads higher than this number 

Order direction filter: filters the direction of orders 

Only buys: if you want to take only buy positions 

Only sells: if you want take only sell positions 

Open both: take positions in both directions 

Change default template: if you like to use the featured template designed by author 

Show panel: hide/show the panel for information


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Version 1.12 2023.02.28
The robot now includes a fixed max spread bug,
A trailing feature,
The option to open no more than one order per pair,
Candlestick pattern recognition,
The ability to close open orders when equity drawdown is reached,
The option to not trade after a certain number of losses in a day.