The One MT5
Search no more. This is The One!
This is not just the EA but rather a complex research project with the ultimate goal to create a perfect trading robot.
So, this is not a closed project and there will be updates / developments and improvements.
Every trade has fixed Stop Loss and Take Profit. NO Martingale / Grid involved.
The EA trades with Multiple Orders. This is the way the EA accumulates the resulting total position based on multiple price patterns being analysed. Every pattern can trigger a new order.
The One is designed for ForEx currency pairs only. It was NOT checked on Shares / Stocks / Metals / CFDs etc.
Since The One can open multiple orders on every pair, it is not recommended to use more than 5-7 pairs at the same time.
It performs the best on Majors (EURUSD, GBPUSD, USDCAD, AUDUSD, NZDUSD, USDCHF, USDJPY).
It works pretty good on some Crosses (AUDCAD, AUDCHF, AUDJPY, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, GBPNZD, NZDCAD, NZDJPY).
NOT good at some Crosses (AUDNZD, EURNZD, GBPCAD, GBPCHF, GBPJPY, GBPAUD, NZDCHF) due to big spreads and high volatility.
- The smaller the spread, the better.
- The less "crazy" the pair is, the better.
- No Exotics.
- No pairs with spread bigger than 1/3 of Take Profit or Stop Loss.
Time Frame recommendations
The One works with ticks, forming price movement patterns. Time Frame of the chart does not matter for real life execution. Use M1 for backtesting in strategy tester, because it guarantees the best ticks simulation quality.
Lot size recommendations
The One accumulates the total position from multiple orders based on different patterns (orders might be in opposite directions). If you select Fixed Lot size mode, every order will have the same lot size.
There might be multiple orders at the same time on every pair. So, total lots opened can be up to (Max Number Of Trades) * (LotSize) * (Pairs Number). Select the Lot size / Pairs number to be sure that you have enough margin to open this number of lots.
Please, do not hesitate contacting me if you have any questions or doubts.
Power to you!
* Improved algo
* Some code refactoring
* Minor bug fixes.
* Reorganized inputs
* Updated info display
* Spread Filter added. If current spread is greater than Max Spread set in inputs, the trade signal will be ignored.
* Extended EA info display. Now it also shows EA inputs and current price data.