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- 2024.05.19 10:37
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A professional Grid advisor works according to RSI ( Relative Strength Index ) indicators. And has the function of Reducing the Drawdown on the account by overlapping unprofitable orders. The chart displays information about the profit. It can be a very useful tool, For manual trading.
⚡ Recommend ECN broker with LOW SPREAD: IC Market , Exness, NordFX , FXPRIMUS , Alpari , FXTM
⚡ Pls try this EA with Demo account account!
⚡ It good to combo with Buy Sell Signals to follow Trend and Sellect Buy Only/Sell Only for EA work Semi-Automatic.
OPTIONS:
- RSI_PERIOD - period for calculating the relative strength index;
- UP_LEVEL - upper bound;
- DN_LEVEL - lower bound;
- RSI_TIMEFRAME - timeframe for calculation;
- START_LOT - initial lot;
- LOT_MULTIPLIER - lot multiplier in the order grid;
- MAX_LOT - maximum lot;
- STEP_ORDERS - order grid step;
- STEP_MULTIPLIER - order step multiplication factor, if = -1 then it is not used;
- MAX_STEP - maximum order grid step;
- OVERLAP_ORDERS - from which order to enable the order overlap function;
- OVERLAP_PIPS - minimum profit in pips for closing unprofitable orders;
- STOPLOSS, TAKEPROFIT - stop loss and take profit in pips, if = -1 is not used;
- BREAKEVEN_STOP, BREAKEVEN_STEP - level and step of breakeven, if = -1 is not used;
- TRAILING_STOP, TRAILING_STEP - trailing stop level and step, if = -1 is not used;
- MAGIC_NUMBER, ORDERS_COMMENT - magic order number and comment;
- START_TIME, END_TIME - time at which it is allowed to open orders. if = "00:00", then not used
![Harmonic AI Pattern](https://c.mql5.com/i/code/script.png)
HarmonicEA is an Expert Advisor (EA) developed for MetaTrader 4 (MT4) that utilizes harmonic pattern recognition and RSI-based signals to identify potential trading opportunities in the forex market. The EA is designed to detect various bullish and bearish harmonic patterns, including crab, butterfly, bat, deep bat, AB=CD, 3-drive, 5-drive, and shark patterns, across multiple timeframes. It incorporates risk management features such as dynamic lot sizing based on a percentage of account balance, maximum drawdown control, and a trailing stop mechanism to protect profits. HarmonicEA is suitable for traders seeking an automated solution to capitalize on harmonic patterns while managing risk effectively.
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This EA will scan all the closed trades and then print the nth trade from the end
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This EA is a demonstration of how you can implement your own Hedging strategy with the help of the include file.
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