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Experts

Universum 3.0 - expert for MetaTrader 5

Published by:
Vladimir Karputov
Views:
3174
Rating:
(20)
Published:
2017.01.26 09:24
Updated:
2018.06.27 15:18
Universum 3.0.mq5 (20.02 KB) view
Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

Author of the idea — Yury Reshetovauthor of the MQL5 code — barabashkakvn. 

Increasing the lot after a losing trade. OnTradeTransaction. Entry signals are based on the DeMarker indicator. 

Expert Advisor Input Parameters

  • p — period for the DeMarker oscillator Optimized with the values from 3 to 100 with step of 1.
  • tp — take profit in pips. Optimized with the values from 10 to 100 with step of 1.
  • sl — stop loss in pips. Optimized with the values from 10 to 100 with step of 1.
  • lots — lot size of the first order and all orders opened after a losing trade. The parameter is not optimized.
  • mn — magic number. The parameter is not optimized.
  • losseslimit — limit the number of losing trades in a row. The parameter is not optimized. In case the number of losses reaches a limit, the EA stops opening new trades and sends a message e-mail.

Lot increase ratio is calculated by the formula:

   double k=(ExtTakeProfit+ExtStopLoss)/(ExtTakeProfit-spread);

The EA works only at newly formed bars and opening prices. There is no need to optimize it using Every tick mode.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/17079

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