Smart Prospector Expert

This Expert Advisor has Three Trading Strategies:

• TRADING_STRATEGY_ONE - Intra Day / Short Term Trading Strategy.
• TRADING_STRATEGY_TWO - Mid Term / Long Term Trading Strategy.
• TRADING_STRATEGY_THREE - SMART__NEWS__TRADER - High Impact News Trading Strategy With 25 Years NFP History Trading in GBPUSD, EURUSD & 
• AUDUSD.

NOTE: Default Settings Already Optimized For GBPUSD. Other symbols require optimization. Much and careful work has been done to package this E.A. all together. Having tested it with over 25 Years super performance and also deploying it for live trading, we are optimistic that 'The Smart Prospector' will continue to outperform itself in any given market condition.

E.A. Settings Description

There should be no desperate needs to optimize these settinga below, they have been sufficiently preset with the relevant Fibonacci values.

• FiBo_Reversals_Monthly - Fibo 'Father' High/Low price entry for the monthly time range.
• FiBo_Reversals_Weekly - Fibo 'Father' High/Low price entry for the weekly time range.
• FiBo_Reversals_Daily - Fibo 'Father' High/Low price entry for the daily time range.
• FiBo_Reversals_Depth - Indicator buy / sell depth level.
• FiBo_Reversals Interval - Period interval for trade making decisions.
• FiBo_Reversals_Tf - Time Frame used for entry calculations.

TRADING_STRATEGY_ONE

• Smart_IntraDay_Trading - Set As True
• Smart_IntraDay_Period - Randomly chosen fionacci number to determine a period of stable trading high/low range.
• Smart_IntraDay_Shift - period shift in bars counted backwards.
• Smart_IntraDay_Ratio - A ratio of relative to the trading high/low range.
• Smart_IntraDay_Peak_Range - Maximum trading high/low range to work with.
• Smart_IntraDay_UK_Open_Hour - UK Session trade prospect open time for placing pending orders.
• Smart_IntraDay_US_Open_Hour -  US Session trade prospect open time for placing pending orders.
• Smart_IntraDay_Asian_Open_Hour -  Asian Session trade prospect open time for placing pending orders.
• Smart_IntraDay_Search_Window - Maximum time duration in hours to prospect for trading opportunities.
• Smart_IntraDay_Expiration_Hours - Maximum life span of successfully prospected pending orders before expiration.
• Smart_IntraDay_Pivots_Exp_Hours -  Maximum life span of another category of successfully prospected pending orders before expiration.
• Smart_IntraDay_Trader_Tf - Time frame used for trading strategy one price calculation.
• Set_Smart_IntraDay_Stop_Loss - As much work has been done to ensure precise market entry, trader may choose not to use stop loss.

TRADING_STRATEGY_TWO

• Smart_Long_Term_Trading - Set as True.
• Smart_Long_Term_Open_Hour - Long term trading prospect open time for placing pending orders.
• Smart_Long_Term_Search_Window - Maximum time duration in hours to prospect for long term trading opportunities.
• Smart_Long_Term_Expiration_Hours - Maximum life span of successfully prospected long term pending orders before expiration.
• Set_Smart_Long_Term_Trading_Loss - Indeed much work has been done to ensure precise market entry, trader may choose not to use stop loss.

• Smart_Pre_News - Turn true to trade high impact news with buy/sell stop orders.

The idea here is to trade prime news such as the NFP, CPI, PPI, Retails Sales, Interest Rates etc by placing pending orders minutes before the news release time. It is expected of such high impact news releases to break out in one sure direction. So two pending orders are placed at approriate highs and lows just before news release.

• NFP_News_Trading - Auto prospects for the first friday of each month and opens appropriate trades.

• Smart_News_Day - Select the expected date of other high impact news release.

• Smart_News_Hour_MT4_Chart - Select the MT4 news release hour as picked from the MT4 chart.

• Smart_News_Minutes - Enter the specific news release minutes.

• Smart_Placement_Minutes - Select the time the E.A will place the pending orders before the 'Smart_News_Minutes'. Note: this value must be less than the ' Smart_News_Minutes'. It is advised that the pending orders be placed within 5 or 10 minutes before the actual news release minutes.

• Smart_Expiration_Minutes - Select the time duration in minutes for which the placed pending orders must expire.

• Smart_Pre_News_Max_Peak_Range - As we want to trade news break outs, we are to look out for a timing wherein there has been a pre-calm market condition - ie - price fluctuations (highs and lows) so far for the chosen peak range hours before the news release does not exceed chosen pip range - (say 35 pips in four digit charts and 350 pips in a five digit chart). Outside of this range, no pending orders will be set.

• Smart_News_Peak_Range_Hours - Select the duration wherein to search for highs and lows (in hours) prior to the news release hour.

• Smart_News_Peak_Range_Period - With some volatile pairs and minutes before news releases, the preset pending order may have already been triggered. This setting accurately trims out such occurrences and so EA will not place any pending order in such direction before the news release minutes - hence greatly taming such risks.
  

• Smart_Pre_News_Ratio - A ratio of the prior 'high-low' range relevant to place the pending orders.

• Smart_Pre_News_Entry_TF - Market entry timing interval.

TRADE_MANAGEMENT______

• Profit_Pointss - Set Trading take profit levels. Please note 300.0 (for 5 digit charts) and 30.0 (for 4 digit charts).
• Fixed_Lot_Size - Enter fixed trading lot size or set at '0' to use percent variable lot sizes.
• Lot_Percent - Set percentage lot size based on account balance. (Please use cautiously).
• Smart_IntraDay_Lot_Factor - Trading lot multiplier for Intra day trading strategy.
• Smart_LongTerm_Lot_Factor - Trading lot multiplier for Long Term trading strategy.
• Smart_Pre_News_Factor - Trading lot multiplier for News trading strategy.
• Max_No_Pending_Orders - Set as appropriate the maximum number of prospected pending orders for each trade to be opened.

• Max_Daily_DD_Percent - Closes all opened trades on account if account draw down rises above preset levels.

• Friday_Night_Closures - Closes all opened trades on Friday night just befofre the trading week closes.
• Close_All_Trades_Now - If chosen, every opened trade in the account are automatically been closed.
• Entry_TF - Time frame used by EA. to place trades in in the MT4 terminal. 
• Chart_Identity_Number - Varying this number means different settings of optimized values of same currency / symbol can be used independently in same account.