An Expert using ATR Channel

MQL4 Experts

Specification

An EA using ATR Channel as entry system, when Current Price Break the upper band a specific distant, send a sell order.

When Current Price Break the lower band specific distant , send a buy order.

One order in each level, with basic order general setting, example of required parameters as below:


Parameters

Order Entry :

MaxSpread in pips = 2.0 (Variables) 

MaxSlippage in pips = 2.0  (Variables) 

Magic Num = 999999 (Variables) 

ATR Channel Periode = 18  (Variables) 

ATR Channel Multiplier = 4.8  (Variables) 


1st Order

1st Order Time frame = (M5/M15/M30/H1/H4/D1/W1)

Lot Size = 0.01 (Variables) 

Break distant in pips = 1.0 (0 = not use) (Variables)


2nd Order (martingale order)

2nd Order Time frame = (M5/M15/M30/H1/H4/D1/W1)

Lot Size = 0.02 (Variables) 

Break distant in pips = 1.0 (0 = not use) (Variables)


3rd Order (martingale order)

3rd Order Time frame = (M5/M15/M30/H1/H4/D1/W1)

Lot Size = 0.04 (Variables) 

Break distant in pips = 1.0 (0 = not use) (Variables)


4th Order (martingale order)

4th Order Time frame = (M5/M15/M30/H1/H4/D1/W1)

Lot Size = 0.08 (Variables) 

Break distant in pips = 5.0 (0 = not use) (Variables)


5th Order (martingale order)

5th Order Time frame = (M5/M15/M30/H1/H4/D1/W1)

Lot Size = 0.16 (Variables) 

Break distant in pips = 20.0 (0 = not use) (Variables)


Exit Setting

Trailing start in dollar = 15  (Variables)

Trailing step in dollar = 15  (Variables) (0 = not use)

Stop loss in dollar = 100  (Variables)

Exit Cool down By simple MA time frame = (M5/M15/M30/H1/H4/D1/W1) (Variables)

Exit Cool down By simple MA period = 5  Variables)

Files:

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Project information

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30 - 50 USD