EA algostat

Here is the English translation of the detailed description of the Expert Advisor (EA):

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This Expert Advisor (EA) is designed to perform automated trading operations based on a series of technical criteria on a 1-hour chart for the USDCHF symbol. Here is a detailed description of its functionality:

### 1. **Lot Size and Maximum Number of Entries**
   - **LotSize**: The initial lot size for each trade is set to 0.1.
   - **Max_Entries**: The EA can open up to 4 trades simultaneously. For each new trade, the lot size increases proportionally (0.1, 0.2, 0.3, etc.).

### 2. **Technical Indicators Used**
   - **ATR (Average True Range)**: Calculated over a period of 14 bars (1 hour each) to measure volatility. The ATR is multiplied by 2.0 to determine dynamic levels for Take Profit (TP) and Stop Loss (SL).
   - **MFI (Money Flow Index)**: Calculated over a period of 14 bars. Used to identify overbought (>80) or oversold (<20) conditions.
   - **ADX (Average Directional Index)**: Calculated over a period of 14 bars. Used to confirm the strength of the trend, with a threshold of 25.
   - **RSI (Relative Strength Index)**: Calculated over a period of 14 bars. Used to confirm overbought (>70) or oversold (<30) conditions.

### 3. **Entry Logic**
   - The EA checks if there is a bullish or bearish pattern identified through specific functions (`isBullishPattern`, `isBearishPattern`).
   
   - **Bearish Pattern**:
     - The EA looks for bearish patterns like the "Shooting Star", "Bearish Engulfing", or "Evening Star".
   
### 3. **Entry Logic** (Continuation)
   - **Bullish Pattern**:
     - The EA identifies bullish patterns like the "Hammer", "Bullish Engulfing", or "Morning Star".
     - If one of these bullish patterns is confirmed, and the following criteria are met:
       - The ADX is above 25 (indicating a strong trend).
       - The MFI is below 80 (indicating the market is not overbought).
       - The RSI is below 70 (indicating the market is not overbought).
     - The EA opens a buy position with the current lot size.

   - **Bearish Pattern**:
     - The EA identifies bearish patterns like the "Shooting Star", "Bearish Engulfing", or "Evening Star".
     - If one of these bearish patterns is confirmed, and the following criteria are met:
       - The ADX is above 25 (indicating a strong trend).
       - The MFI is above 20 (indicating the market is not oversold).
       - The RSI is above 30 (indicating the market is not oversold).
     - The EA opens a sell position with the current lot size.

### 4. **Lot Size and Subsequent Entries**
   - If the EA has already opened positions, the lot size for new entries increases proportionally to the number of positions already opened, up to a maximum of 4 entries. For example:
     - First entry: 0.1 lots.
     - Second entry: 0.2 lots.
     - Third entry: 0.3 lots.
     - Fourth entry: 0.4 lots.

### 5. **Dynamic Take Profit (TP) and Stop Loss (SL)**
   - Both the Take Profit and Stop Loss levels are calculated dynamically based on the ATR. This allows the EA to adapt to the current market volatility:
     - **TP** = ATR * ATR_Multiplier (2.0)
     - **SL** = ATR * ATR_Multiplier (2.0)

### 6. **Volatility Filter**
   - The EA avoids opening trades if the ADX is below 25, as this could indicate a sideways market or one without a clear direction.

### 7. **Operation on USD/CHF at 1H**
   - This EA is optimized to operate on the 1-hour chart of the USD/CHF currency pair. The choice of timeframe and currency pair is important because it directly influences the performance of the automated trading. On this timeframe, the EA looks for trading opportunities based on candlestick patterns and confirms signals through the technical indicators described above.

### 8. **Conclusions**
   - The EA is designed to operate in markets with a strong trend and leverages candlestick patterns to determine entry points. Risk management is dynamic due to the use of TP and SL based on the ATR, and the lot size is adaptive depending on the number of open positions.

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This translation should help explain the functionality of the EA in English. If you have any further questions or need additional clarifications, feel free to ask!
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Introducing our advanced Scalping Forex Robot. The scalping algorithm is built to spot high-probability entry and exit points, ensuring that every trade is executed with the highest chance of success within the   M1 timeframe . The best pair to use with the Scalping Robot is   XAUUSD .  This robot is perfect for traders who prefer the   scalping method   and want to take advantage of rapid price movements without having to manually monitor the charts. It is suitable for both beginners looking fo
Omega Code
Nguyen Hang Hai Ha
Introduction EA Omega Code is a core strategy that has been distilled over many years of research and optimization for the Forex and Gold markets. The strategy combines Scalper and Trailing to optimize performance and reduce risk. Trading orders have Stop Loss, Trailing for customization, and provide many other parameters to optimize the system to suit each user's trading plan. Promotion: with the purchase of Omega Code, users can access the source-code. If you are really interested in the sour
Silicon Ex
Nadiya Mirosh
" Silicon Ex ": Your Reliable Assistant in the World of Forex Silicon Ex is a modern trading bot, specially created for traders in the Forex market. This innovative tool serves as a reliable partner for those who strive for efficient and automated trading. Key Features of "Silicon Ex": Reliability and Stability: Created using advanced technologies that ensure stable and reliable operation in the market. Intelligent Risk Management: Built-in money management system (Money Management) allows you
Scipio Ea
Stefano Frisetti
BEWARE OF SCAM: SCIPIO EA is distributed only by MQL5.com SCIPIO AI is my Automatic trading BOT created after over 20 years of experience in the financial markets, it automates 100% of the TRADING activity, entry, management, stop loss, day after day the TRADER does not have to do anything. This EA opens only 1 TRADE at a time and immediately sets the STOP LOSS very close, it does not use grid or martingale, one trade at a time so it avoids large DRAW DONW. It uses artificial intelligence to
Tree Of Life
Oeyvind Borgsoe
Tree Of Life EA is a fully automated trading robot that executes trades using a sophisticated blend of indicators and internal algorithms. It is developed through years of testing and live trading, and recognises market patterns and trends in a highly accurate manner. The  live trading accounts  confirm this. The main indicators Tree Of Life uses are the Moving Average and Stochastic. Together with the internal calculations, our combinations have proven to be a solid recipe.    Buyers receive
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EAalgotrading
Francesco Lippo
This trading bot is based on the Supply and Demand strategy, which is one of the most popular strategies in technical analysis for financial markets like Forex, used to identify key areas of support and resistance. Here are the fundamental principles and how the bot works:  "It works excellently on Nat Gas with a 30-minute timeframe and a minimum capital of 1,600 euros. Fundamental Principles of the Supply and Demand Strategy: Demand Zones : These are areas on price charts where the demand for
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