Rescue Trader MT5
- Эксперты
- Edgar Elsner
- Версия: 1.80
- Обновлено: 18 ноября 2023
- Активации: 10
Rescue Trader MT5
Rescue Trader isn't a Grid or Martingale Expert as each single trade is protected by fixed stoploss. Adding of new trades to existing trades are always entered on indicator pattern entry and not simple on fixed distances like Grid-/Matingale-Systems usually work. For additional protection, its drawdown recovery algorithmus closes particular trades that are profitable while at the same time closes older loosing trades in the way that in total that bulk closes in profit. However, due to its flexible configuration options, Rescue Trader still could become configured to work like an ordinary Grid-Expert.
Furthermore, Rescue Trader MT5 is a powerful rescue system for manual and/or Expert-generated trades that have unexpectedly gone into drawdown. It includes 10 indicator based stratgies, selectable severally, grouped or entirely.
For manual trading, in addition to the buttons for BUY/SELL/..., setting variable stop/limit lines for opening positions is also available via the sub-page of the onscreen panel. These can be changed in position and angle as desired to form patterns such as triangles, channels, etc.
The onscreen panel consists of two pages. The display of the second page with the parameter settings becomes visible by clicking on the left vertical logo bar (or pressing D-key) so that the main page shifts to the right. This has the advantage that, if several Experts are installed whose charts are arranged vertically, access to the parameters in the visible area is enabled without to zoom out the chart.
The preset configuration already includes a profitable configuration for several major and minor currencies as well as metals such as Gold. The minimum capital per instrument traded should not be less than 1000 USD.
To trade multiple instruments, Rescue Trader MT5 is installed on the respective chart. The time frame set is arbitrary and has no influence on the trading algorithm. If an instrument is traded multiple times, consider to set different Magic numbers. However, different instruments with the same Magic number do not affect each other.
Tip:
The demo version allows you to carry out many functions in the visual backtest, just like in live trading. Only the variable parameters on the second panel page must be preset in the Settings (F7) beforehand, as MT5 does not support editing edit fields in demo mode. Furthermore, the parameter “Display Panel in visual Tester Mode” located at the end of the list must be activated in the settings.
Links:
Settings Tab: https://www.mql5.com/en/blogs/post/754353
Onscreen Panel Functions Description: https://www.mql5.com/en/blogs/post/754354