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Discovery EA

5

Discovery EA is a fully automated Expert Advisor that works on all Forex pairs and once installed requires very little from the user, but is perfect for the more advanced trade too due to it's many features. 

The EA is based upon the channel system but uses the channel twice to generate the signal to start trading. The 1st channel uses the higher timeframe to generate the direction of the trade (Buy or Sell), similar to a trend direction, then the 2nd channel uses a lower timeframe to generate the signal to start trading. Only when both the higher and lower timeframe signals are in agreement does a trade start. Discovery EA is fully customisable should you wish to try your own settings. but set files are provided to start trading. 

Due to the stringent requirements to start a trade sometimes there can be time without a trade starting and that is why it can be used over multiple currency pairs at the same time. But DO NOT apply to every currency pair - choose your currency pairs. Please see the live signal for working suggestions to start you off. 

The trading options are flexible and can either be a single trade or a grid with or without lot multiplier. 

There are added security measures for safer trading:- 

  1. The EA will close all positions on a each currency pair when it reaches a certain level of loss (the level of loss can be changed in the EA),
  2. There is a time setting for how long the lower timeframe has to generate a signal before the higher timeframe becomes invalid and then the EA starts searching for a trade all over again. 

To test Discovery EA, you will need to test each currency pair individually and then combine these results to work out the true potential of this EA.

For Live Signals and Products visit the page: -  https://www.mql5.com/en/users/jims99/seller

Set Files - A full list of set files will be given on the comments page - so there is no need to alter the settings whatsoever just update with the correct set files and start trading.

But for those of you who wish to change / adapt the settings to your requirements please see the list of settings below.

Settings (if a setting is repeated on the EA it will not be repeated here)

Channel width - to increase the width of the channel

Max. Lookback Bars (0 = Unlimited) -  the max. bars that the built in indicator is allowed to lookback and find a signal at the first run to prevent slow loading

Channel History Calculation - how many bars of history are used to generate the channel

Live or Closed Bar - Is the signal generated when the bar is closed (finished) or during a Live bar

Use Timeframe - True / False - if you do not want to use the higher timeframe option it can be turned off by setting to False

Valid Time of Signal (0 = not use), min - is a time setting (in minutes) for how long the lower timeframe has to generate a signal from when the higher timeframe signal is generated before the higher timeframe becomes invalid and then the EA starts searching for a trade all over again

Time Start - When active trading can start for the day

Time End - When active trading finished for the day

Max Orders - the maximum number of orders placed by the EA on that currency pair

Distance, pips - If you choose more than 1 max order then this is the distance between orders

Take Profit, pips - The amount of profit

Stop Loss, pips - The amount of stop loss

Slippage, pips - The allowable amount of slippage before a trade wont be placed 

Max Certain Loss of all grids, % balance - When this percentage is reached all orders on that currency pair is closed

Initial Lot - The starting lot size 

Use Money Management -  True or False for the next setting % from equity 

% from equity - The starting lot is worked out on this % of the equity of the balance of the account

Lot multiplier  - The next trade size will be the previous trade size multiplied by this figure

Max Lot - The maximum size of any single trade

Order Comment - The name of the EA

Magic number - A unique number to distinguish between other EA's active on your platform

Use Trailing Stop - True or False

Start Point, pips - The number of pips before the Trailing stop starts

Trailing Step, pips - The amount of the price has to move before the Trailing Stop moves

Trailing Value, pips - The gap from the price to the latest Trailing Stop

Show Statistic -  True or False - You can either show or hide the relevant statistics for that currency pair on the chart

Show Close Buttons -   True or False - You can manually close all the orders if you so wish by clicking on Close Buy or Close Sell or Close All - these buttons can be shown or hidden



Comentários 2
jeffcwdai
784
jeffcwdai 2024.08.08 06:02 
 

reliable and safe strategy, as spacing between entries has 100 pips. Quick response to questions. Thanks James

Mohammed Jeelle Iidle
1469
Mohammed Jeelle Iidle 2023.11.03 18:39 
 

I am extremely satisfied with the Discovery EA, It consistently generates profits with each trade it opens. The accuracy and reliability of this EA have exceeded my expectations. The key advantages of the Discovery EA are the free updates, settings files, and ease of use. I appreciate the well-designed algorithm and the consistent results it provides. This purchase has been a game-changer for my trading, and I highly recommend it to anyone seeking a profitable long-term trading solution. Support from the developer is very good so far as well so that is a credit. Thank you for delivering a top product!

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Stock Indexes EA is a sophisticated trading robot meticulously engineered to capitalize on the dynamics of the US30 . This expert advisor employs advanced algorithms and technical indicators to analyze market trends, identify potential entry and exit points, and execute trades with precision. A news filter has also been added to the robot, which prevents it from opening a position during important economic news , minimizing the risk. In robot, you can also specify the days and hours when the EA
Secret Impulse MT4
Eugen Funk
3.33 (18)
Experts
O EA abre uma posição quando o mercado começa a se movimentar durante a sessão de Nova York (maior volume). Dessa forma, o impulso é sustentado pelo volume, e podemos atingir o Take Profit com alta probabilidade de forma instantânea. Sinal (292%, 10% DD):   https ://www .mql5 .com /en /signals /2274145 Entrada com base no impulso durante a sessão de Nova York O EA detecta o impulso oculto através de FVGs em timeframes menores. Quando o impulso é detectado pouco antes ou durante a sessão de Nova
Tree Of Life
Oeyvind Borgsoe
Experts
Tree Of Life EA is an fully automatic trading advisor which recognise patterns and trends in a highly accurate manner. It is designed to generate stable long-term gains while providing excellent risk management. After years of trading and testing, we have discovered spesific combinations of indicators and internal calculations that secure a solid foundation for a robust strategy. The main indicators Tree Of Life uses are the Moving Average and Stochastic. Together with internal calculations, ou
CyNeron MT4
Svetlana Pawlowna Grosshans
3.8 (5)
Experts
CyNeron: Comércio de Precisão com Inovação em IA Sinais :   CyNeron Manual e arquivos de configuração : Entre em contato após a compra para receber o manual e os arquivos de configuração Preço : O preço aumenta com base no número de cópias vendidas Cópias disponíveis : 5 Análise de Instantâneos com IA: Uma Inovação no Mercado O CyNeron é o primeiro EA no mercado a integrar inteligência artificial avançada em uma abordagem revolucionária de negociação, capturando e processando instantâneos detal
XG Gold Robot MT4
Marzena Maria Szmit
4.52 (27)
Experts
The XG Gold Robot MT4 is specially designed for Gold. We decided to include this EA in our offering after   extensive testing . XG Gold Robot and works perfectly with the   XAUUSD, GOLD, XAUEUR   pairs. XG Gold Robot has been created for all traders who like to   Trade in Gold   and includes additional a function that displays   weekly Gold levels   with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading. It’s a strategy based on  Price
Nasdaq100 Algo Trading MT4
Lo Thi Mai Loan
5 (1)
Experts
Sinal ao Vivo-1: Clique aqui Versão MT5: Clique aqui Bem-vindo ao Nasdaq Algo Trading Este EA (Advisor Especialista) é criado e projetado por uma equipe com mais de 13 anos de experiência em programação e negociação. O EA se concentra no desenvolvimento de um sistema que possa fornecer lucros estáveis e de longo prazo. Ele utiliza estratégias sem risco, evitando métodos como Martingale, Grid e Hedging, bem como estratégias que utilizam stop losses excessivamente longos, que são praticamente o
DS Gold Robot MT4
Marzena Maria Szmit
4 (4)
Experts
Introducing the DS Gold Robot, your ultimate companion in navigating the intricate world of XAUUSD trading. Developed with precision and powered by cutting-edge algorithms, DS Gold is a forex robot meticulously crafted to optimize your trading performance with  XAUUSD pairs . With its advanced analytical capabilities,  DS Gold  Robot   constantly monitors the gold market, identifying key trends , patterns, and price movements with lightning speed. The DS Gold Robot opens positions every day from
Leopard Scalper EA
Clement Bongola
Experts
Leopard Scalper EA v3.0 - Descrição da Atualização Otimizado para negociação de EURUSD em qualquer gráfico Visão Geral: O Leopard Scalper EA passou por melhorias significativas nesta versão, com ajustes cuidadosamente feitos para aprimorar o desempenho e a estabilidade. Originalmente projetado para GOLD (XAUUSD) no timeframe M5, agora apresenta melhores resultados no EURUSD e é capaz de ser usado em outros instrumentos, como BTC, ETH, XRP, GAS, OIL (XTI), US30 e US100. No entanto, recomenda-se
Big Forex Players MT4
Marzena Maria Szmit
4.74 (31)
Experts
We proudly present our cutting-edge robot, the  Big Forex Players EA  designed to maximize your trading potential, minimize emotional trading, and make smarter decisions powered by cutting-edge technology. The whole system in this EA took us many months to build, and then we spent a lot of time testing it. This unique EA includes three distinct strategies that can be used independently or in together. The robot receives the positions of the   biggest Banks   (p ositions are sent from our databa
Golden Lab AI MT4
Thu Huyen Trang Nguyen
Experts
Golden Lab AI is quite a unique trading system: It operates 100% based on technical analysis. It can integrate fundamental analysis related to deposit interest rates (channel rate mode). For the channel rate mode, you need to contact me before purchasing it. Flexible SL - TP. Single orders only, with no high-risk trades like grid or martingale. Default SL is only 2%. Trades are carefully selected and combined with daily interest rates to determine the main trend, which results in fewer trades—av
ToTheMoon MT4
Daniel Moraes Da Silva
Experts
ONE OF THE FEW ROBOTS WITH A SIGNAL HISTORY OF MORE THAN 3 YEARS AND AMONG THE TOP 10.   LINK TO MY ROBOTS AND SIGNAL PRESETS: In my profile there is a link to download the PRESETS that I use in my SIGNALS, you can download and backtest for free, there are explanations in the README MANUAL. https://www.mql5.com/en/users/tec_daniel   SOME EXAMPLES OF SIGNALS ON “mql5.com” BEING TRADED BY THE ROBOT, ALL MY SIGNALS ARE TRADED BY THE ROBOT, I ONLY CHANGE PRESET SETTINGS: https://www.mql5.com/en/user
Mansa Musa Flipping Robot
Allistair Kabelo Mandow
Experts
AFTER PURCHASE TEXT ME DIRECTLY FOR ASSISTANCE!!!! Manual & set files: contact me after purchase to receive the manual and set files Price: The price increases based on the number of licenses sold Available copies: 4 Manual & set files: contact me after purchase to receive the manual and set files Price: The price increases based on the number of licenses sold Available copies: 4 Trading gold, one of the most volatile instruments in the market, demands precision, in-depth ana
LENA Scalp
Cence Jk Oizeijoozzisa
4.4 (5)
Experts
LENA Couo Cabeludo Versão MetaTrader 5: em breve Com tecnologia avançada de stop-loss utilizando inteligência artificial, o Lena Expert Advisor oferece uma experiência inovadora de trading.  O robô Lena evita grandes níveis de stop-loss, Martingale e trading de grade. Em vez disso, utiliza um sistema dinâmico de stop-loss que se adapta às condições do mercado. A análise baseada em inteligência artificial ajuda a identificar oportunidades-chave no mercado, alinhando-se à sua estratégia cuidados
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jeffcwdai
784
jeffcwdai 2024.08.08 06:02 
 

reliable and safe strategy, as spacing between entries has 100 pips. Quick response to questions. Thanks James

Mohammed Jeelle Iidle
1469
Mohammed Jeelle Iidle 2023.11.03 18:39 
 

I am extremely satisfied with the Discovery EA, It consistently generates profits with each trade it opens. The accuracy and reliability of this EA have exceeded my expectations. The key advantages of the Discovery EA are the free updates, settings files, and ease of use. I appreciate the well-designed algorithm and the consistent results it provides. This purchase has been a game-changer for my trading, and I highly recommend it to anyone seeking a profitable long-term trading solution. Support from the developer is very good so far as well so that is a credit. Thank you for delivering a top product!

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