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Yellow Free

4.18

Greetings!

My new products, trading signals and promos can be found here: https://www.mql5.com/en/users/alcad83

Add me to friends and get profit from Forex trading!

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.


Version of the Expert Advisor for MetaTrader5.


The strategy is simple, but effective. With adequate money management, the probability of stable earnings is very high.


Features of free version of Yellow EA:

  1. Number of market entry points is limited.
  2. Deposit load reduction by closing the previous position before opening a new one is disabled. Higher free margin requirements.
  3. There is no possibility of manually opening positions.


Robots for night trading: Silent Master EA and Fair EA

StopLoss can be optionally set in parameters by user.



Yellow is intended for trading any currency pair on H1 timeframe.

Not martingale, not arbitrage.



Parameters

  • EAMagic - the magic number of the EA. Must have different values for every chart.
  • AutoLot - can be set to true or false. If true, the EA selects the initial lot size for trading depending on the balance value.
  • Lots - initial lot size is set by a user, if the value of AutoLot is false.
  • Risk - percentage of the deposit used for the automatic calculation of the lot.
  • MaxLotSize - maximal allowed trading lot. Change this parameter only if you really understand what you're doing.
  • DD - maximum allowed drawdown. If reached, all positions on the symbol will be closed. To continue trading on that symbol its EAMagic parameter must be changed.
  • CommentOfOrder - comment to orders. Can take any value.
  • TakeProfitInPoints - take profit in points.
  • StopLoss - stop loss value in points. If StopLoss=0, stop loss is not used in trading.
  • 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.
  • AutoPriceCorridor - if "true", the EA automatically determines the MaxPriceCorridor parameter.
  • MaxPriceCorridor - value of the price corridor in points for Yellow to open positions, if AutoPriceCorridor=false.
  • PipsOfIncrement - expansion of the price corridor when exiting an unprofitable position.
  • StartHour - hour to start trading.
  • EndHour - hour to stop trading.
  • TradeOnFridays - can be set to true or false. If true, the EA will open trades on fridays.
  • SaveDeposit - if "true", the EA will close order series with minimal profit ignoring TakeProfitInPoints parameter.
  • SafeMode - if "false", built in trend filter will be turned OFF. In that case it's recommended to use TrailingStop.
  • QuotesMult - multiplier for parameters, depending on the number of digits in symbol's quotes. For 5 digits in EURUSD quotes, for example, the value of this parameter should be 10. For 4 digits in EURUSD quotes, the value of this parameter should be 1. For metals and other instruments the value of this parameter must be selected individually for your broker.
  • ShowInfoPanel - if "true", the information panel will be displayed on the chart of the traded pair.
  • Panel_Language - language of the information panel.
  • TextColor - font color of the information panel.

Recommended settings are set by default.

Recommended broker - any.

Minimal recommended deposit - $300 for cent account (30000 cents) and lot 0.1. Account leverage - from 1:400 and higher.

Important! If there are open positions on your trading account, do not interfere with the Expert Advisor! The consequences can be unpredictable!

If you want to test the Expert Advisor in the Strategy Tester, do it only in "Every tick" mode!

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.

Once a month it's recommended to check that account history (history of previous trades) is downloaded to MT4 terminal. It's important.




Bewertungen 20
MattyTrading
2312
MattyTrading 2024.03.03 00:11 
 

Éste Robot es muy bueno, requiere un buen Broker cuenta RAW y un VPS veloz. Su DD es muy bueno. Gracias por crear éste Robot

Babak Alamdar
4711
Babak Alamdar 2020.10.28 06:53 
 

The Author is a Genius with no doubt!

Joleo Sagdullas
797
Joleo Sagdullas 2020.09.23 20:25 
 

Good EA strategy producing quick profits. Thanks.

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5 (1)
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5 (2)
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2 (1)
Hello, my name is Alexander. I would like to introduce you to my new development, the Hercules AI advisor. The advisor is synthesis of Price Action Method and Artificial Intelligence technologies.  It doesn't use  any indicators. The EA works well on Gold  pair. The advisor has shown stable performance for more than 10 years. It does not use dangerous trading methods such as martingale, etc. All transactions are protected by take profit and stop loss. I tried to make the advisor as easy to insta
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Auswahl:
MattyTrading
2312
MattyTrading 2024.03.03 00:11 
 

Éste Robot es muy bueno, requiere un buen Broker cuenta RAW y un VPS veloz. Su DD es muy bueno. Gracias por crear éste Robot

Miguel Jimenez Cordero
6764
Miguel Jimenez Cordero 2021.04.03 13:19 
 

Good job.

Satish Kumar Saini
271
Satish Kumar Saini 2021.01.17 10:29 
 

Not trading on MT4 Account since more than a week installed

Evgeniy Machok
54967
Antwort vom Entwickler Evgeniy Machok 2021.01.17 10:36
Yes, sometimes it's possible. That's why the EA has to work on several currency pairs.
Lucas_Investment
781
Lucas_Investment 2020.11.23 18:57 
 

Der Benutzer hat keinen Kommentar hinterlassen

Evgeniy Machok
54967
Antwort vom Entwickler Evgeniy Machok 2021.01.17 10:33
Thanks for your respective opinion.
Arham Sutton
46
Arham Sutton 2020.11.12 08:03 
 

Der Benutzer hat keinen Kommentar hinterlassen

Babak Alamdar
4711
Babak Alamdar 2020.10.28 06:53 
 

The Author is a Genius with no doubt!

Kair Spairol
38
Kair Spairol 2020.10.15 15:05 
 

Der Benutzer hat keinen Kommentar hinterlassen

Joleo Sagdullas
797
Joleo Sagdullas 2020.09.23 20:25 
 

Good EA strategy producing quick profits. Thanks.

Yury Zaikouski
1909
Yury Zaikouski 2020.09.15 08:41 
 

((((

Guo Zhen Wang
218
Guo Zhen Wang 2020.08.09 05:42 
 

Der Benutzer hat keinen Kommentar hinterlassen

Swar.S
89
Swar.S 2020.07.11 19:21 
 

Der Benutzer hat keinen Kommentar hinterlassen

Fernando F. Souto
524
Fernando F. Souto 2020.05.31 05:39 
 

Der Benutzer hat keinen Kommentar hinterlassen

Ivan Bebikov
9035
Ivan Bebikov 2020.05.13 18:18 
 

Der Benutzer hat keinen Kommentar hinterlassen

Eduard_09
44
Eduard_09 2020.03.23 00:04 
 

Der Benutzer hat keinen Kommentar hinterlassen

[Gelöscht] 2020.01.19 09:10 
 

Der Benutzer hat keinen Kommentar hinterlassen

Trader con experiencia
107
Trader con experiencia 2020.01.18 19:17 
 

Der Benutzer hat keinen Kommentar hinterlassen

RDI
1482
RDI 2020.01.16 19:19 
 

Der Benutzer hat keinen Kommentar hinterlassen

Vasiliy Strukov
217562
Vasiliy Strukov 2019.11.24 19:25 
 

Der Benutzer hat keinen Kommentar hinterlassen

valhs
1863
valhs 2019.11.20 22:26 
 

AutoLot = false, Lots = 0.01 - creates e.g. 0.06, sometimes trapped in position battling with sell and buy martingale for weeks - no scalping

ahmed124
61
ahmed124 2019.11.04 18:12 
 

I am just leaving a review for the EA not the strategy. This strategy is known.

It's too much lot to just win pennies. Risk reward is not worth it but the EA is working fine.

Antwort auf eine Rezension
Version 8.5 2021.07.20
Der Code wurde optimiert.
Die Vollversion des Roboters hat die Möglichkeit des manuellen Handels.
Version 8.4 2020.02.22
QuotesMult parameter was added. It gives an opportunity of trading on metals and CFDs.
Version 8.3 2019.11.07
Parameter SafeMode was added - it turns ON/OFF built in trend filter.
If SafeMode=false, it's recommended to use TrailingStop.
Version 8.2 2019.11.02
1. A lot of restrictions have been removed.
2. Overview has been changed.
3. New video guide.
Version 7.8 2019.09.06
1. Code was optimized.
2. Possibility to select trading time was added.
3. Protection from long-term execution of orders by broker was implemented .
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.