AW BW strategy based MT5
- 专家
- AW Trading Software Limited
- 版本: 1.0
- 激活: 15
AW BW strategy based EA trades on the signals of a custom combination of indicators created by Bill M. Williams. This fully automated trading robot has flexible settings and many work scenarios. The product has many useful features built in: automatic lot calculation, trailing system, stop loss and much more. If necessary, averaging can be used.
Advantages:
- Suitable for any type of instruments and any timeframes.
- Indicators configurable in the input settings of the adviser.
- Ability to automatically calculate trading volumes.
- Pluggable averaging can be used.
- Built-in trailing system and StopLoss.
- Adjustable scenarios of the adviser.
Strategy:
The adviser works simultaneously on a combination of 4 indicators of the lineBill M. Williams:Alligator, Fractal indicator, AC, AO.
The Fractal indicator is displayed on the chart as up or down arrows. The Alligator indicator is displayed as three moving averages. Oscillators are displayed in two windows below the main screen.In the input settings, you can adjust the setting of the Alligator indicator. Other indicators do not have adjustable variables, since these indicators are not editable in Bill William's strategy.
Market Entry:
First, the adviser receives a signal when the fractal indicator is broken. The price should break through the level of the previous fractal. Downward breakout means a sell signal. Break up is a buy signal.
Further, this signal should be confirmed by the direction of the trend in the appropriate direction from the Alligator indicator. If the direction of the alligator corresponds to the signal of fractals, then the adviser proceeds to the next stage and confirms the signal with two oscillators AO and AC.
Only after the oscillators confirm the movement in the appropriate direction,AW BW strategy based EAwill open an order to buy or sell.
The adviser trades first in one direction and then in another, buy-sell-buy. Such a strategy provides greater safety in case of prolonged unidirectional price movements.
Exit from a position:
After the adviser opens an order:
1 - If the position goes in a profitable direction, then the trailing stop is activated. The position will be closed using the smart trailing system
2 - If the position goes into a loss-making direction, then the averaging function is applied using pending orders
3 - Additionally, a virtual stop loss is used. This type of stop loss works from the breakeven price for the entire basket of orders, it is not visible to the broker, when the adviser is removed from the chart, the virtual stop loss is deleted, as it is part of the adviser.
Input variables:
MAIN SETTINGS
Size_of_the_first_order - Volume for opening the first order. Used if Enable Autolot calculation is disabled
Enable_Autolot_calculation - Use automatic lot calculation. Autolot allows you to save risk settings when changing the deposit
Autolot_deposit_per_0.01_lots - Deposit amount per 0.01 lots when using autolot
ALLIGATOR INPUTS
Jaw_Period - The blue period of the longest moving average
Jaw_Shift - Long moving average shift
Teeth_Period - The period of the red, moving average
Teeth_Shift - Shift for the moving average
Lips_Period - The period of the green, shortest moving average
Lips_Shift - Shift for a short moving average
MA_Method_Alligator - MA method for indicator calculation
Applied_Price_Alligator - Applied price for moving averages
AVERAGING SETTINGS
Use_averaging - Select whether or not to use averaging with pending orders
Multiplier_for_size_of_orders - Volume multiplier for pending orders, each subsequent open order in the grid will be larger than the previous one by this factor
Step_for_grids - Adjustment of the step between orders in the basket, measured in points
TAKE PROFIT SETTINGS
Trailing_Start - After opening a market order when passing this volume of points, Trailing will be set for the order, measured in points
Trailing_Step - After passing the specified step, Trailing will follow the price
STOP LOSS SETTINGS
Stop_Loss(0-not_use) - Enter value for virtual stop loss, in points. Stoploss works on the entire basket of orders from the breakeven price.
PROTECTION SETTINGS
Maximum_slippage_in_points - Maximum allowable slippage in points for opening and closing orders
Maximum_spread_in_points - Maximum allowable spread for opening orders
Maximum_size_of_orders - The maximum volume for one order. Measured in lots
Maximum_number_of_orders - The maximum allowable number of orders of the same type
Enable_One_order_per_bar_filter - Filtering the number of orders per candle. If "TRUE" is selected, the EA will not be able toopen more than one order per candle.
ADVISOR SETTINGS
Orders_Magic_number - MagicNumber of EA orders
Comments_of_the_EA's_orders - Comment for EA's orders
Allow_to_open_OP_BUY_orders - Allow to open OP_BUY orders
Allow_to_open_OP_SELL_orders - Allow to open OP_SELL orders
Allow_to_open_new_orders_after_close - Allow to send new orders after closing
Show_panel_of_advisor - Ability to show or hide the advisor panel
Font_size_in_panel - Adjust the font size on the panel
I just downloaded the app, and it works very well, just as it's described in the post. Thank you