VwapBuster

Overview:

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Introducing the VWAMP Buster Expert Advisor, a sophisticated trading algorithm designed for MetaTrader 5. Harnessing the power of the Volume Weighted Average Price (VWAP), Bollinger Bands, and ATR (Average True Range), VWAMP Buster provides an optimized, automated trading experience tailored to maximize profitability while managing risk effectively. Perfect for both novice and experienced traders, this Expert Advisor ensures that you stay ahead of the market with pre-optimized settings for specific trading conditions.

Key Features:

• Optimized for Major Pairs: Pre-optimized settings for GBPUSD and XAUUSD on the 5-minute timeframe.
• Dynamic Risk Management: Adjustable stop-loss and take-profit settings based on market conditions.
• Customizable Inputs: Flexibility to tweak settings to suit individual trading styles or market conditions.
• Automated Trade Execution: Advanced algorithms to open, manage, and close trades automatically.
• Built-In Drawdown Control: Ensures maximum drawdown limits are not breached, safeguarding your capital.

Recommended Settings: To achieve the best performance, it is highly recommended to use the default optimized settings. These settings have been meticulously tested to provide optimal results in varying market conditions.

Input Parameters:

• Optimized Input:

  • GBPUSD_5Min_10SPREAD
  • XAUUSD_5Min_130SPREAD

• Magic Number (InpMagicNumberInp): Unique identifier for trades placed by the EA.

  • Default: 12345

• Use Default Setting (useDefaultSetting): Toggle to use pre-optimized settings.

  • Default: true
  • Recommendation: Leave as true to use optimized settings.

• VWAP Length (lengthInp): The length for calculating VWAP.

  • Default: 80

• Look Back Period (lookBackPeriodInp): Period for look-back calculations.

  • Default: 10

• ATR Period (AtrPeriodInp): Period for ATR calculations.

  • Default: 120

• Bollinger Band Length (BB_PeriodInp): Length for Bollinger Bands.

  • Default: 100

• Bollinger Band Deviation (BB_DeviationInp): Deviation for Bollinger Bands.

  • Default: 0.2

• Reward (rewardInp): Reward factor for setting take-profit.

  • Default: 3.5

• Stop Loss Percentage (slPercentageInp): Percentage for stop-loss calculation.

  • Default: 0.25

• Spread (spreadInp): Maximum allowable spread.

  • Default: 8

• Max Drawdown (MaxDrawDownInp): Maximum account drawdown limit.

  • Default: 0.5

• Max Weekly Drawdown Percentage (maxWeeklyDrawDownPercentageInp): Weekly drawdown limit, reset on Friday.

  • Default: 0.9

• Starting Lot Size (StartingLotSizeInp): Initial lot size for trades.

  • Default: 0.08

• Hold Current Trade (holdCurrentTradeInp): Option to hold current trades without closing.

  • Default: false

• Early Close (EarlyCLoseInp): Close trades early if conditions are met.

  • Default: true

• Auto Close Hour (autoCloseHourInp): Time in hours for auto-closing trades.

  • Default: 5

• Show Message (showMessageInp): Display trade logs and messages.

  • Default: false

How to Use:

1. Installation: Place the EA in the Experts directory of your MetaTrader 5 platform.
2. Configuration: Attach the EA to your desired chart and timeframe (recommended 5-minute).
3. Settings: Ensure useDefaultSetting is set to true for optimal performance.
4. Execution: The EA will automatically start trading based on the predefined algorithms.

Conclusion: VWAMP Buster EA is your trusted trading partner, designed to automate your trading strategies and optimize your market entries and exits. With robust risk management and advanced trading logic, it ensures you can achieve consistent and reliable trading results. Start using VWAMP Buster today and experience the future of automated trading.

Future Optimizations: As the VWAMP Buster gains more reviews and popularity, we will continue to add more optimized settings for additional currency pairs, enhancing its versatility and effectiveness across diverse markets. Also, feel free to comment on which pairs you would like to see optimized next.