Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Experts

Eliot Wave I - expert for MetaTrader 4

Aharon Tzadik | English Español Português 日本語 Deutsch

Views:
1430
Rating:
votes: 6
Published:
2019.04.17 00:14
Updated:
2019.04.17 17:47

"Eliot Wave I" EA draws 3 Trend Lines with "Fractals"(1main+2small) on chart and trades When a Eliot retracement is formed,has Trailing Stop Loss &Take Profit works with all time frames major forex pairs and stocks NASDAQ.

The concept of this Eliot wave EA is:

Five waves move in the direction of the main trend, followed by three waves in a correction (totaling a 5-3 move)


USEMOVETOBREAKEVEN  system functions like a stop loss

But a one-time function with a smaller value than the subsequent Stop Loss value to lock minimal profit and avoid loss if the price goes against you.

If you have reached a certain value of pips with the direction of the trade -

  • WHENTOMOVETOBE - When to move break even (values: 10-100).

So how many pips would you like to move the stop loss above the price line of the open trade-

  • PIPSTOMOVESL - How much pips to move stop loss (values: 10-100).

This EA trades only with the price of open candle!

Trade volume of a position depends on previous trading results.

It provides the possibility to limit the maximum risk (in % of deposit) of the trade.

If you want to trade with constant lotsize say:0.01 lot ,you need to set "MaximumRisk =0" and "DecreaseFactor=0"

Or else you will have a calculation of  Percent (%) of deposit and MaximumRisk.

I combined together a simple EA with two moving averages and Trend Line,

The Trend Line do not work on test mode,

The optimization tests can be performed only with moving averages,

In live trading only, Trend Line and moving averages will work together,

During tests, the EA  only draws the Trend Line on the screen in  visual mode without considering it in the creation of trades,

You need to perform back test with "open prices only" option,

The Trend Line will function as a filter .

In this situation the probability of winning trades increases.

Inputs

  • Trend Line length (bars)(values: 10-100).
  • Trend Line color.
  • USEMOVETOBREAKEVEN - Enable "no loss" break even system (values: 0-1).
  • WHENTOMOVETOBE - When to move break even (values: 10-100).
  • PIPSTOMOVESL - How much pips to move stop loss (values: 10-100).
  • Lots - Lots size (values: 0.01-10).
  • MaximumRisk - maximum risk from total margin in %, (values: 0.01 - 0.3).
  • If "MaximumRisk =0" then "Lot=constant"
  • DecreaseFactor - decrease from total margin if you lose a trade.
  • TrailingStop-set a value from 10 to 100 to activate trailing stop loss & take profit, "0" will not activate trailing stop loss.
  • Stop_Loss - Stop Loss (values: 10-100).
  • MagicNumber - Magic number (values: 1-100000).
  • TakeProfit - Take Profit (values: 10-100).
  • FastMA - Fast Moving Average (values: 1-20).
  • SlowMA - Slow Moving Average (values: 50-200).
  •  Mom_Sell-Momentum_Sell trtrigger(values: 0.1-5).
  •  Mom_Buy-Momentum_Buy trtrigger(values: 0.1-5).

How to perform back test:https://bit.ly/2CD7XWD

Eliot Wave I

E2

This ia an rainbow MA indicator based on SMA This ia an rainbow MA indicator based on SMA

This indicator uses various SMA to indicate a possible reversal point.

ZeeZee Level ZeeZee Level

ZeeZee Level, One by One

Martingale EA Martingale EA

A very simple EA that makes anywhere from 8% to 69% profit. Randomly.

Micro Trend breakouts Micro Trend breakouts

"Micro Trend breakouts"naked trading price action EA draws 4 Trend Lines with "Fractals"(2main+2small) on chart and trades with Trend breakouts,has Trailing Stop Loss &Take Profit works with all time frames major forex pairs and stocks NASDAQ.