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SparkLight EA

3.71

SparkLight EA is a fully automated expert advisor that uses advanced algorithms for the price analysis of the latest trends. Every order has StopLoss and every order is placed based on the primary or the secondary trend analysis algorithm.

This EA does NOT use Martingale or Arbitrage strategy. It can trade more orders at the same time but every order has the same Lot size if using FixedLotSize.

SparkLight EA is NOT a minute scalper or tick scalper that produces high number of trades per day. This EA is fully customizable by user and is not limited by trading pair or time-frame (recommended to use on M15 - H4 time-frames). Every trading pair and time-frame requires slight modification of parameters for the best performance.

SparkLight EA default settings is optimized for EURUSD H1 (optimized since the end of 2017 - present). More optimized files will be added to the blog.

Link to the MT4 veresion: https://www.mql5.com/en/market/product/39905

Visit the blog for Set files examples, additional information, optimization recommendations, FAQ, etc.:  https://www.mql5.com/en/blogs/post/727369


Recommendations

  • Adapt your own risk settings according to the account equity and always verify with back-test
  • True ECN broker and VPS server is always recommended for any type of automated trading
  • Use minimal deposit of 300 USD per trading pair
  • Verify that you have enough margin to trade (especially If using low leverages and small account deposit)

Watch my other products:

https://www.mql5.com/en/users/sevenfourseven/seller


Parameters

General Settings

  • Magic - Magic number - MUST be unique for each chart
  • CommentOrders - Optional - Custom comment for orders
  • StatusIntervalInHours - Interval in hours for EA status message (Printed to the Expert tab)
  • EnablePushNotifyStatus - Enable/disable sending EA status via Push notifications (interval of notification set by StatusIntervalInHours)

Risk Settings

  • MaxOrders - Maximum number of orders that can be traded simultaneously
  • MinDistance - Minimum distance in points between actual market price and already opened position in case there will be more position opened
  • CloseProfit - Closes opened position once this target reached (per position, but also taken in account number of position, ClosingCondition, swaps, commissions, etc.)
  • ClosingCondition - Algorithm for order closing condition (Simple / Combined / Advanced / Exponential)
  • MinuteBasisClose - If true: the EA will check for the closing condition every minute; if false: the EA will check for the closing condition every new bar
  • FixedLotSize - Fixed size of the Lot to trade (UseAutoLot has to be disabled)
  • StopLoss - Stop loss in points
  • TakeProfit - Take profit in points
  • MaxSlippage - Maximum slippage for orders opening and closing

Risk Settings - Automatic Lot

  • UseAutoLot - Enable/disable automatic lot size calculation base don account balance, StopLoss and number of MaxOrders 
  • RiskInPercentOfBalance - Risk in percent of account balance (considers also the MaxOrders)
  • MaxLotSize - Maximum size of the lot (Can vary from brokers max lot size, because it considers also MaxOrders)

SparkLite Specific Settings

  • TrendPeriod - Main parameter to determine the trend determination
  • MainFilter - Filtering of the trend direction false signals
  • WeightX - Has impact on trend algorithm convergence (NOTE: These values should NOT be the same - WeightX should be different from WeightY)
  • WeightY - Has impact on trend algorithm convergence (NOTE: These values should NOT be the same - WeightX should be different from WeightY)

Info Panel Settings

  • ShowInfoPanel - Show/Hide Info Panel
  • PanelBackgroundColor - Info Panel background color
  • PanelHeaderColor - Info Panel Header background color
  • HeaderFontColor - Info Panel Header font color




Bewertungen 9
Tsutenkaku
79
Tsutenkaku 2021.03.31 16:01 
 

Very good.

eznoob
14
eznoob 2020.08.09 20:45 
 

PERFECT

DarknezzGR
239
DarknezzGR 2020.08.09 06:34 
 

This EA performed better than other paid EAs I have tried. It is a bit strange and not open positions very often. Moreover as far as I noticed 75% of positions were "sell" positions. "Buy" positions were rare, not sure why!... I backtested in tester for 3 different periods, 5 months each one in 1H timeframe. Surprisingly all ended with small profit!!! I use the 1H set from developer. In 30M test the performance was not that good. I will give 5 stars because it is free and in some cases performance was much better than other paid EAs

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Babak Alamdar
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Delving deep into the sphere of finance and trading strategies, I decided to conduct a series of experiments, exploring approaches based on reinforcement learning as well as those operating without it. Applying these methods, I managed to formulate a nuanced conclusion, pivotal for understanding the significance of unique strategies in contemporary trading. Neural network advisors, despite showcasing impressive efficiency in the initial stages, proved to be highly unstable in the long run. Vario
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Darwin Evolution. !! 1490 USD bis 990 USD begrenzter Zeit (Angebot gültig bis zur Ankunft des nächsten Updates, verschwenden Sie keine Zeit ) !!! Sie können diesen EA nicht backtesten, da MT4 nicht mit den gleichzeitigen Multi-Pairs umgeht. Darwin braucht die 28 Paare für die Berechnung der Indikatoren !! Beschreibungen: - Um den Betrieb zu verstehen, kommen Sie und lesen Sie den Blog (dieses EA spiegelt meine Philosophie des Forex-Handels wider, wenn Sie meinen Weg mögen, um Dinge
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5 (5)
Experten
Verwandeln Sie jede Handelsstrategie in eine Positionshandelsstrategie oder handeln Sie mit den bewährten RSI- und ADR-basierten Positionshandelsstrategien, einschließlich eines automatisierten Drawdown-Kontrollsystems für Positionen, die sich gegen Sie entwickeln. Dieser EA ist eine Weiterentwicklung und Vereinfachung des MRA EA, der seit vielen Jahren für Positionshandelsstrategien verwendet wird, die auf der Market Structure Trader-Website gelehrt werden. In meinem Profil finden Sie einen Li
Daytrade Pro Algo
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5 (5)
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Aktion starten: Begrenzte Anzahl von Exemplaren zum Tagespreis erhältlich Endpreis: 990 $ NEU: Erhalte 1 EA gratis!   (für 2 Handelskonten) Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP:   Click here Set Files Willkommen bei DayTrade Pro Algo!   Nachdem ich jahrelang die Märkte studiert und verschiedene Strategien programmiert habe, habe ich einen Algorithmus gefunden, der alles hat, was ein gutes Handelssystem braucht: Es is
Boring Pips MT4
Thi Thu Ha Hoang
5 (12)
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Powerful 1 min scalping system
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PowerFul 1 Min Scalping System -minütiges Skalping -System - Automatischer Roboter -Skalier für den Handel mit dem Xauusd -Währungspaar (der Roboter handelt in anderen Währungspaaren, erzielt jedoch die besten Ergebnisse in Gold). Empfohlene Zeiträume M5 . Der minimale Anfangsguthaben beträgt 500 US -Dollar. Dieser Roboter bestimmt automatisch die Preisverdrehungspunkte und setzt mehrere aufgeschobene Aufträge in die wahrscheinliche zukünftige Richtung des Trends. Wenn sich der Preis nicht in d
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Auswahl:
yalewang
1120
yalewang 2023.05.02 16:08 
 

no use

Anil Menon
168
Anil Menon 2022.04.29 10:10 
 

sorry this is a worst EA ( not a single order opening )I have ever seen........................anilxxx2001@gmail.com

Tsutenkaku
79
Tsutenkaku 2021.03.31 16:01 
 

Very good.

Miguel Jimenez Cordero
6764
Miguel Jimenez Cordero 2021.03.21 10:11 
 

Good job.

dareking
108
dareking 2020.09.07 07:11 
 

Just opening sell order, risky EA,

Le Anh Tuan
785
Le Anh Tuan 2020.08.27 03:18 
 

Der Benutzer hat keinen Kommentar hinterlassen

Murat Batibay
147
Murat Batibay 2020.08.16 01:17 
 

is it limited

eznoob
14
eznoob 2020.08.09 20:45 
 

PERFECT

DarknezzGR
239
DarknezzGR 2020.08.09 06:34 
 

This EA performed better than other paid EAs I have tried. It is a bit strange and not open positions very often. Moreover as far as I noticed 75% of positions were "sell" positions. "Buy" positions were rare, not sure why!... I backtested in tester for 3 different periods, 5 months each one in 1H timeframe. Surprisingly all ended with small profit!!! I use the 1H set from developer. In 30M test the performance was not that good. I will give 5 stars because it is free and in some cases performance was much better than other paid EAs

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