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Red Blue Lines

The advisor's trading strategy is based on the assumption that after the price reaches an overbought or oversold level, it usually rolls back. In other words, the price cannot move in only one direction, since any action generates a reaction.

If the market reverses against the open position, the advisor uses loss recovery through averaging orders. This allows you to continue trading even if the previous transaction became unprofitable.

The advisor trades on a real account, to learn more, visit my   profile , or write in private messages.

The price of the Expert Advisor will change on a monthly basis. The price will depend on the annual return that the Expert Advisor has shown on the live account. The calculation will take into account the return on 100 invested dollars.

As of April 20, the return on investment in this Expert Advisor was $ 215 for every $ 100 invested over 224 days. The EA price is expected to change in mid-May.

The results of backtesting and real trading are very similar.   This allows me to trust the backtesting results and create the best setups for trading on a real account.

I think the advisor has great potential. However, testing and adjusting the settings takes a lot of time. I think we could save a lot of time if we tested it together. If you agree, I will be glad to see you in the list of advisor users.


Description of variables:

**   General   ** –   settings used for both initial and averaging orders. The magic number – the magic number of the order. It is used as a user-defined identifier. By this number, the advisor finds its orders that it is allowed to work with.

The magic number is an individual number for orders placed by the advisor.

Spread (maximum allowed) - the maximum spread size allowed for placing orders by the advisor.

StopLoss (point) – the size of the stop loss for each order placed by the advisor.

UseIndicator – select an indicator for the advisor to work with from the suggested ones:

  • PointZigZag – the “Point Zig Zag” indicator is used. The indicator needs to be installed in the terminal. To test the advisor, it is enough to install the demo version of the “ PointZigZag ” indicator.
    Attention!   After installing the i_PointZigZag indicator, check the installation location:   MQL4 > Indicators > Market > Point Zig Zag.ex4
  • ZigZag   – the standard indicator “Zig Zag” is used with settings from the variable “Depth (for i_ZigZag)”.

Ratio Trend/Pullback = – the ratio of the expected trend size to the value of the “Minimum Pullback Size (point)” parameter. This is used to determine the size of the current trend to begin with.

Minimum ZigZag segment size (point) – Estimated Minimum size of the extreme ZigZag segment (in point).

Depth (for i_ZigZag) – setting of the standard indicator “Zig Zag".


**   Startup   ** –   settings used for initial orders.

Terminal/Trade/No orders – selection (true/false). Setting initial (starting) orders is allowed only if there are no open or pending orders in the terminal.

Probability of a successful entry - The probability of a successful entry into the market is the probability that a correction in the market will lead to a profitable trade. The higher the probability, the greater the chance of a successful entry. If the probability is equal to one, this means that the chances of success are minimal.

Noise_Size (point) - Noise size (noise level) in points is a parameter used to enter the market.

MomentumBack_SizeMin(point) – minimum size (in points) of the reverse impulse for the initial order.

MomentumBack_SizeMax(point) – maximum size (in points) of the reverse impulse for the initial order.

UseForStart - select a strategy for starting:

  • (#1)With a Line - trading using trend lines.

    • Red line   intended for sales transactions;
    • Blue line   intended for purchase transactions.

When the market price reaches these lines, it becomes the first signal to start trading. After that, when all the conditions set in the algorithm are met, the adviser will automatically open the first transaction.

  • (#2)Without a Line - trading without lines.

TrendLine_2ndPoint - only if " UseForStart = (#1)With a Line " is used:

  • BestExtremumPrice - the best extreme price;
  • NearestExtreme - the nearest extremum.

Correction of the indicator – choice (true/false). The setting works only if "UseIndicator == PointZigZag". Takes into account possible redrawing of the indicator.

startHOUR, startMINUTE, stopHOUR, stopMINUTE – time allowed for placing initial (starting) orders.

Lot size (for the starting order) – the desired volume for the initial (starting) order.

Risk in %(for the starting order) - if the value is 0, the variable is not used. If the value is greater than 0 (zero), the initial (starting) lot will be automatically calculated in the specified percentage of available funds.

TakeProfit (point) – profit level for the initial (starting) order. If the value is 0 (zero), the [tp] level is not set.


**   Averaging   ** -   settings used to recover losses using averaging positions.

MomentumBackAv_SizeMin(point) – minimum size (in points) of the reverse impulse, for averaging positions.

MomentumBackAv_SizeMax(point) – maximum size (in points) of the reverse impulse, for averaging positions.

Distance (for Grid_Average) – minimum distance for placing averaging orders.

Martin (only for Series) – coefficient of volume increase during averaging.

Number of orders in the series(only for Series) – desired number of orders in the series

TakeProfit (for Grid_Average) – TakeProfit value in points for averaging orders.

MaxLot (for Grid_Average) – the maximum allowed lot size value for averaging.


**   Closing   ** -   settings for automatic closing of positions by the advisor.

Automatic closing of positions - choice:

  • NotClose_Avto - automatic closing of positions by the advisor is not used.
  • UsedClose_Avto - automatic closing of positions by the advisor is used.

Target is money (if there is more than one position in the Cycle) - the minimum target in money for permission to automatically close positions.

** Display **

Display RIGHT_UPPER information – select (true/false) to show information about the settings on the chart (upper-right corner).

Display RIGHT_LOWER information – select (true/false) to show additional information on the chart (lower-right corner)


** Buttons ** – purpose of the buttons located in the lower right corner of the chart.

All buttons are relevant both for testing in the tester and for trading in the terminal.

" op_SELL "​​

– opening only the initial order for Sell. The lot size, stop-loss and take-profit levels are used from the settings (Startup). The button is active when it is green, and the button is inactive when it is red.

Note: When the button is red, it is pressed, but the order is not opened.

" op_BUY "​​

– opening only the initial Buy order. The lot size, stop-loss and take-profit levels are used from the settings (Startup). The button is active when it is green, and the button is inactive when it is red.

Note: When the button is red, it is pressed, but the order is not opened.

" Close All "

– closes all open orders of this EA on this instrument and stops the EA operation.

 

" EA is ON / OFF "

– starting and stopping the EA operation.

The button is green and has the inscription “ EA is ON ” – EA is working.

The button is red and the inscription “ EA is OFF ” – EA is turned off.




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Fanur Galamov
4.85 (46)
Experts
1 copy left for $225 Next price  --> $249 Diamond PRO is enhanced powerful version of Diamond for advanced traders. Pro version includes optimized cores, new impoved entry points filters, new multistage profit closure algorithm and сontains number of external control parameter that allows build and fine tune own tradind decisions and algorithms. The system provides more accurate market entries, analyzes and filters upcoming economic news, contains spread protection and an advanced position mana
EvoTrade EA MT4
Dolores Martin Munoz
5 (1)
Experts
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AW Trading Software Limited
4.35 (82)
Experts
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Hamza Ashraf
3 (4)
Experts
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Marzena Maria Szmit
5 (2)
Experts
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The Gold Reaper MT4
Profalgo Limited
4.55 (29)
Experts
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Leonid Arkhipov
4.92 (26)
Experts
Aurum AI – La potenza dell'intelligenza artificiale per il trading dell'oro (XAU/USD) Scopri tutto il potenziale della tecnologia nel trading! Aurum AI è un esperto consulente rivoluzionario progettato per garantire performance stabili e sicure sul mercato dell'oro. Combina la potenza dell'intelligenza artificiale, analisi precise delle tendenze e un rigoroso controllo del rischio per rendere ogni operazione il più efficace possibile. Promozione Discount - 50%. 1 copies available at a price of $
The Infinity EA MT4
Abhimanyu Hans
3.54 (26)
Experts
Tecnologia basata sull'intelligenza artificiale con ChatGPT Turbo Infinity EA è un Expert Advisor di trading avanzato progettato per GBPUSD e XAUUSD. Si concentra su sicurezza, rendimenti costanti e redditività infinita. A differenza di molti altri EA, che si basano su strategie ad alto rischio come martingala o trading a griglia. Infinity EA impiega una strategia di scalping disciplinata e redditizia basata su reti neurali integrate su apprendimento automatico, tecnologia basata su intelligenz
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Marzena Maria Szmit
4 (4)
Experts
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Profalgo Limited
5 (2)
Experts
Benvenuti a Indicement! PROP FIRM PRONTO! -> scarica i file del set   qui PROMOZIONE DI LANCIO: Ne sono rimaste solo poche copie al prezzo attuale! Prezzo finale: 990$ NEW: Choose 1 EA for FREE! (limited to 2 trading account numbers) Offerta Combo Ultimate     ->     clicca qui UNISCITI AL GRUPPO PUBBLICO:   Clicca qui   LIVE SIGNAL INDICEMENT   mette a frutto i miei 15 anni di esperienza nella creazione di algoritmi di trading professionali per i mercati degli indici. L'EA utilizza un algorit
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5 (13)
Experts
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AW Trading Software Limited
4.67 (12)
Experts
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Bogdan Ion Puscasu
4.85 (13)
Experts
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Elif Kaya
5 (4)
Experts
I just sell my products in Elif Kaya Profile , any other websites are stolen old versions, So no any new updates or support. - Lifetime update free -   Real price is 1000$   - Limited Discount (It is now 299$) Welcome, Bitcoin Expert opens automatically trade with Highly profit, Fixed Stop loss. After purchase, You can receive  Gold Trade Expert  for  Free ! Contact me for this  BONUS ! No Martingale, No Grid, No Scam Strategy Tester is not covered critical news. Bitcoin is a cryptocurrency, a
Greedy Golden MT4
Mihails Babuskins
4.67 (3)
Experts
Important: Please use in accounts with lower swap or swap-free accounts. Real monitoring signals: Signal 1 Contact me after payment to send you the user manual PDF file See the real monitoring signal in my profile. Use only on gold and on the  BUY direction. Trading gold is attractive to many traders due to the high volatility and depth of the market. Should we invest in gold or just scalp it? Answering this question is a big challenge for many traders. X trading robot is the answer to this cha
Aureus Quantum Surge
Ren Cheng Yao
Experts
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HFT Prop Firm EA
Dilwyn Tng
4.96 (668)
Experts
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Yvan Musatov
Experts
The Sequoia Expert Advisor is a professional market analyst working using a specialized algorithm. Based on the analysis of prices over a specific time interval, it reveals the strength and amplitude of prices using a unique indication system based on real data. When the strength of the trend and its direction changes, the expert closes the current position and opens a new one. The bot's algorithms include signals about overbought and oversold markets. A purchase occurs if the signal falls belo
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Point Zig Zag
Oleg Popov
4.43 (7)
Indicatori
The indicator is a polyline (ZigZag segment) that tracks and connects the extreme points of the chart price that are at least a specified size apart from each other in points on the price scale. The one and only setting is the minimum size (in points) of a ZigZag segment. The indicator displays levels to determine a possible trend reversal: level    "LevelForUp" -  the breaking of this level determines the possible reversal of the trend up (to buy); level     " LevelForDown   " -  the breaking o
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Oleg Popov
5 (13)
Experts
New version 3.00 is available.   In this version, I tried to take into account the wishes of the user. The EA opens trades when the ZigZag extremum point is broken, if before that   RSI   moved to overbought or oversold levels. When breaking through the upper point of the ZigZag extremum and if before that   RSI   moved to the oversold level     - The adviser opens a deal to buy. And when the lower point of the zigzag extremum is broken   and if before   RSI   moved to the level   overbought  
FREE
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Oleg Popov
4.82 (33)
Experts
New version 8.00 is available. In this version, I tried to take into account the wishes of the user. Each of you can also take part in the improvement of this advisor. In the default settings, the adviser opens trades when the extremum point is broken       standard indicator       Zigzag. When the upper point of the zigzag extremum is broken, it opens a buy deal, and when the lower point of the zigzag extremum is broken, it opens a sell deal. In addition to the standard ZigZag indicator, which
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Oleg Popov
4 (7)
Experts
Expert Advisor Features trailing profit in the deposit currency (Trailing Stop Money) closing by a profit or loss in the deposit currency opening orders at a specified time managing positions opened manually or by another Expert Advisor calculating initial lot based on the current balance limiting the maximum lot volume choosing trading type several types and methods of averaging visually displays the current breakeven price, draws horizontal lines "Line break even BUY"-blue, "Line break even S
FREE
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Versione 4.0 2025.04.02
Fixed the errors identified by the user.
Versione 3.0 2025.03.24
Modernization(small) of starting conditions.
Versione 2.0 2025.02.24
"Probability a successful entry" - the probability of a successful entry into the market is the probability that a correction in the market will lead to a profitable trade.
"Noise_Size (point)" - the noise size (noise level) in points is the parameter used to enter the market.
""Use For Start" - choosing a strategy to start.
"TrendLine_2nd Point" is a filter for setting the trend line.