Draw arrows at time of signal - Multi currency based

MQL4 Indicatori

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This is a fully automated grid trading EA based on the Bollinger Band indicator.

It covers loss-making deals by profitable ones. Virtual take profit and stop loss are used.

It can be used on any currency pair, requires optimization for currency pairs used.

Recommended timeframe - M15.

The default settings are configured for EURUSD.

A live monitoring can be found here: https://www.mql5.com/en/users/ildarvin/seller


Expert Advisor Settings

  • Fix Lot - initial lot
  • Auto lot- enable/disable fixed lot
  • Risk% - risk % for first deal
  • How many pair - how many pairs to divide the deposit
  • Take Profit - take profit in points
  • Stop Loss - stop loss in points from the first order
  • Risk deposit for one currency pair - deposit amount for one currency pairs
  • Close all orders in case of drawdown - close all trades of this pair if drawdown exceeds Risk deposit for one currency pair
  • Magic Number - number for the EA to recognize its own positions
  • New Cycle - when enabled, the EA works non-stop, otherwise, the EA does not open new orders after a series of trades (enable/disable)
  • Show info - shoe info panel
  • Grid step - step between orders
  • Next grid step order - the number of the trade after which grid step will be changed
  • Next grid step, pips - the step of the grid
  • Next grid step, multiplier - the number of the trade after which lot multiplier will be applied
  • Multiplier - lot multiplier for the second and subsequent orders
  • Use dynamic grid step - using dynamic grid sizing
  • Calculation of the first step by volatility - calculating step value based on the volatility
  • Amount of days for volatility calculation - the number of days used in the volatility calculation
  • Multiplier for the first step - calculation of step to open the first order in the grid
  • Overlap Order - enable/disable covering loss-making orders by the last one
  • Overlap order number - order, from which the coverage by the last order starts working
  • Overlap percent - profit percentage for order coverage
  • Put value of take-profit to breakeven - close deals when breakeven is reached
  • After what step to use the breakeven - after what deal closure upon breakeven should be applied
  • Maximum buy orders - the maximum number of long orders
  • Maximum sell orders - the maximum number of short orders
  • Bollinger Bands Period - indicator settings
  • Bollinger Bands Deviation - indicator settings
  • IndicatorUse - disable indicator signals
  • Friday deals close - closing trades on Friday
  • Friday EA stop hour - stopping the EA on Friday
  • Friday deals close - closing trades at the end of Friday. Trade without a grid is closed
  • Friday Stop Loss - stop loss to close trades on Friday

Specifiche

The rules are quite simple but the indicator is based on different currencies comparison.

A. First I describe the variables:

1. Currency pair (Indicator allows up to 10 inputs, including suffix)

2. Direction (Binary - More than (>) or Less than (<))

3. Pips (X#)

4. Price based (Open, close, high, low)


B. Rules:

On current timeframe, compare the bar before and current bar. If requirements are met print up or down arrow. Else do nothing. 


C. Example of rules:

If GBPUSD goes up, EURUSD goes up and USDCAD goes down, print up arrow


script example on 3 currency pairs...

var X1 = X2 = X3 = 0;

If { [GBPUSD(bar close) - GBPUSD(bar close - 1) > X1 PIPS] AND [EURUSD(bar close) - EURUSD(bar close - 1) > X2 PIPS] AND [[USDCAD(bar close) - USDCAD(bar close - 1) < X3 PIPS] } then PRINT UP ARROWS on bar close.

If { [GBPUSD(bar close) - GBPUSD(bar close - 1) < X1 PIPS] AND [EURUSD(bar close) - EURUSD(bar close - 1) < X2 PIPS] AND [[USDCAD(bar close) - USDCAD(bar close - 1) > X3 PIPS] } then PRINT DOWN ARROWS on bar close.

else DO NOTHING. 


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Informazioni sul progetto

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