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Universum 3.0 - expert for MetaTrader 5

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Published by:
Vladimir Karputov
Views:
788
Rating:
votes: 18
Published:
2017.01.26 09:24

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 Software Corp.
Original code: https://www.mql5.com/ru/code/17079

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