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Yellow Free

The free version of the Yellow Expert Advisor works based on short-term changes in the trend, creating the price "corridor" set in the parameters. Trading is carried out at the external borders of this corridor by opening positions in different directions with different lot sizes.

Yellow Free is intended for trading any currency pair on the M5 timeframe.

Not martingale, not arbitrage.

You can evaluate my other products here: https://www.mql5.com/en/users/alcad83/seller


Parameters

  • EAMagic10 - the magic number of the EA. Must have different values for every chart.
  • StrategyBlock1 - can be set to true or false. If true, the EA uses the 1-st block of strategies in trading.
  • StrategyBlock2 - can be set to true or false. If true, the EA uses the 2-nd block of strategies.
  • DD - maximum allowed drawdown.
  • CommentOfOrder - comment to orders. Can take any value.
  • TakeProfitInPoints - take profit in points.
  • TrailingStop - trailing stop in points;
  • ZeroPositions - if true, the EA opens positions only if there are no other open positions on the trading account.
  • LotMult2way - lot multiplier for the next opened position.
  • MaxPriceCorridor - value of the price corridor in points for Yellow Free to open positions.
  • PipsOfIncrement - expansion of the price corridor when exiting an unprofitable position.
  • SafeMode - can be set to "true" or "false". If "false", the EA turns off additional filter and opens trades like version 7.2.

Features of free version of Yellow EA:

  1. Changing of trading lot is not available, the EA trades the 0.01 lot.
  2. The Stop Loss can not be set automatically.
  3. Automatic determination of the price corridor is disabled.
  4. Deposit load reduction by closing the previous position before opening a new one is disabled.
  5. Opportunity of trading on symbols with integral qoutes is absent.

For the EURUSD pair, the recommended settings are set by default.

The settings for other currency pairs are provided in video-guide.

Recommended broker - any.


For the correct operation of the EA, the currency pair history for the H1 and D1 timeframe should be downloaded to the terminal.

Parameters are set as for 4-digits servers. They will be automatically recalculated for 5-digits servers.

I will be thankful for your positive reviews and ratings - it inspires me for further improvements of my Expert Advisors.


Matavin
82
Matavin 2019.05.15 10:06 
 

Absolutely fundamental and extremely important you have funds to cover the lot increments. Not because it will wipe out your account, but you just wont be able to open new positions if stopped by your broker and margin. I have low funds, so patience is key and only put the EA on 1 or 2 charts. If the EA makes me money, i will open more charts and then may even consider buying the real deal. We wait and see.

EA does not like ranges and funds are being depleted due to this. Money management's is keeping the positions open but EA is slow at making profit during this period. A week lost of making gains. But as I go... I will buy the main EA as long as the demo makes profits to cover the cost.

Hani Hamdan
430
Hani Hamdan 2019.04.27 17:17 
 

The EA is excellent demonstration for "zone Recovery" overview, and it is working very well. Anyone wants to test it, has to consider that lot size increases sequentially specially when price is in a range, and may wipe out your account, but also there is an option inside the EA which let you choose the maximum drawdown so that it is not wiped.

As for not loosing a wrong trade, this EA works great as long as you have enough money in your account, but I think the developer has to work on the strategy that execute orders, which I mean percentage of profitable trades has to be higher, and by doing this, will make this EA the best in the market.

I am trying to share my point of view to help the community and help the developer to enhance his work.

You did a good job.

Marketta Herman
70
Marketta Herman 2019.04.24 20:57 
 

Thanks for sharing

musicatrading
44
musicatrading 2019.04.08 18:56 
 

I'm going to try it, I've bought very expensive EAs and none of them have worked

Aleksandr Tamonin
1664
Aleksandr Tamonin 2019.03.15 11:29 
 

Хорош при выходе из бокового движения. Автору спасибо!

CH_Trader
60
CH_Trader 2019.01.18 17:19 
 

Top!!! Habe ihn vor 3 Tagen installiert und seitdem 10 von 10 Trades erfolgreich gemacht. Wenn es so weiter geht werde ich mir die Vollversion beim nächsten Sale kaufen.

frkul88
34
frkul88 2018.12.24 14:26 
 

For a free EA it is amazing, of course, the frequency can´t be that high, it's depending on the behavior of the market. Markets ranging for a long time are a bit dangerous, I really wanna try the full version in a few weeks, the benefits to the free version seem to be huge. Keep doing your amazing work Evgeniy! Marry Christmas :)

shafarjsr
63
shafarjsr 2018.12.18 18:09 
 

thanks its a good robot.. plz keep it free

Johan Olwage
222
Johan Olwage 2018.12.17 12:52 
 

Phenomenal early results on GBPUSD Demo.

maximoazio
104
maximoazio 2018.12.10 09:49 
 

Good EA but not a lot trades

Victor Manuel Valderrama Zamora
2288
Victor Manuel Valderrama Zamora 2018.12.08 19:45 
 

The amount of trades per week is too low... But its free so its ok!

jordan.bi
69
jordan.bi 2018.12.07 11:20 
 

Good result and safe as well

Mohammad Oladi
5232
Mohammad Oladi 2018.12.01 14:10 
 

thanks for this EA

I would like test it now and make a review later...

Mehdi Faraz Fard
630
Mehdi Faraz Fard 2018.11.19 17:07 
 

Der Benutzer hat keinen Kommentar hinterlassen

AirOne1
1318
AirOne1 2018.10.12 14:17 
 

Der Benutzer hat keinen Kommentar hinterlassen

fabio893
63
fabio893 2018.10.11 10:47 
 

Good but low frequency of trades

Juvenille Emperor Limited
11735
Eleni Anna Branou 2018.09.21 19:29 
 

Nice.

Duy Le
874
Duy Le 2018.09.14 05:53 
 

Simple, good and safe

qd163121
76
qd163121 2018.08.28 10:43 
 

So far so good. Plan on buying Full Ver.(Scalper) once the profits start rolling in.

philippe germain
1068
philippe germain 2018.08.20 21:36 
 

Dangerous!

mel2018
14
mel2018 2018.07.14 10:19 
 

Der Benutzer hat keinen Kommentar hinterlassen

Mahavir Pande
725
Mahavir Pande 2018.06.07 13:33 
 

New version - Trades with other EA. Doesn't trade very frequently, make safe profits. Developer's response also very good. Recommended.

1944mgs
19
1944mgs 2018.06.06 04:37 
 

used this ea for 3 months, so far so good...

Saravanan Perianan
30
Saravanan Perianan 2018.05.19 18:44 
 

This is a very good EA.

igran
124
igran 2018.05.19 14:28 
 

Хорошая стратегия.

Matthew Todorovski
12461
Matthew Todorovski 2018.05.10 14:05 
 

Der Benutzer hat keinen Kommentar hinterlassen

Wanjun Yi
187
Wanjun Yi 2018.03.24 15:46   

您好,我可以根据这个EA自己手动设置 止损吗?

Boleslawa Krawczyk
122
Boleslawa Krawczyk 2018.03.02 11:44 
 

Thanks !

Christian
69
Christian 2018.01.26 20:41 
 

Thanks good job.

Evgeny Belyaev
109694
Evgeny Belyaev 2017.11.16 22:37 
 

Very good EA.

Andrey Litvichenko
7595
Andrey Litvichenko 2017.10.19 14:18 
 

Good Job

Mohammad Soubra
32050
Mohammad Soubra 2017.10.02 22:54 
 

Der Benutzer hat keinen Kommentar hinterlassen

Nidhal Chedly
2240
Nidhal Chedly 2017.09.27 08:35 
 

Thanks good job......

Deepak Verma
21
Deepak Verma 2017.09.24 12:27 
 

Yes Its safe.. Good Job

Version 7.7 2018.11.17
Code was optimized for new versions of MT4.
Version 7.6 2018.10.14
Possibility of trading on DJI was added.
Version 7.5 2018.09.29
SafeMode parameter was added.
If SafeMode=false, the EA turns off additional filter and opens trades like version 7.2
Version 7.4 2018.09.24
Code was optimized.
Version 7.3 2018.09.19
New filter for order opening was added.

ATTENTION!
For correct trading you need to download H1 and D1 history to your terminal.
Version 7.2 2018.05.24
Added the ability to trade with other experts at the same time.
Version 7.1 2018.05.04
Second block of strategies is now available (as in paid version of Yellow EA).
ATTENTION! Working timeframe was changed to M5.
Version 6.0 2018.04.18
Fixed MaxPriceCorridor parameter.
Version 4.0 2018.04.06
Added the ability to trade on 4-digit quotes.
Version 3.0 2018.03.20
1. Optimized the code.
2. Added the ability to increase the lot with small multipliers (1.05, 1.1...).
Version 2.0 2018.02.14
Code was optimized for slow servers.