Pro System ImLa
ImLa Expert Advisor is an advanced trading system based on trend indicators. It catches movements in direction of a primary trend. It has several smart filters sorting out weak and false signals. Besides, it features additional custom filters for opening and closing orders.
All orders are protected by a smart hidden stop loss calculated based on the current market conditions. Users can specify explicit fixed stop loss and take profit in the EA settings.
Apart from closing positions by take profit, the EA can also close them if a signal weakens or market conditions change. This allowed the EA to show a high percentage of profitable deals (89.8 %), as well as a low drawdown within 11 years.
Monitoring results here:
- No martingale
- Always use a stop loss to secure your investments
- No pipsing or scalping
- Easy to use (no complicated settings)
- MA1_Period_H4 - applied Moving Average period.
- MA2_Period_H4 - applied Moving Average 2 period.
- MinProfitProfit - if market conditions change, the robot tries closing all open positions with a minimum profit set in MinProfitProfit.
- BB1_Period_M15 - Bollinger Bands period.
- TakeProfit - manual take profit. If 0, the take profit is calculated automatically based on conditions and the current volatility.
- StopLoss - manual stop loss. If 0, the take profit is calculated automatically based on conditions and the current volatility.
- FilterChannelClose - additional deal closing filter. If > 0, enabled. The higher the value, the less the amount of deals. The parameter also affects profitability.
- FilterChannelNoOpen - additional deal opening filter. If > 0, enabled. The higher the value, the less the amount of deals. The parameter also affects profitability.
- FixedLots - fixed lot size.
- RiskPercent - lot size (in %) based on equity (5-8% is recommended; for more efficiency, set 10-15%, but remember that drawdowns and loss risks are increased accordingly).
- ManualTimeOffsetGMT - your broker's GMToffset.
- MagicNumber - identifier of the EA's orders. Attention! MagicNumber should be different for each pair.
- OrderComments - comments for opened orders.
- MaxSpread - maximum spread, at which orders can be opened.
- MaxSlippage - maximum slippage.
- UseNFA - only for US-registered traders. Do not change it if you are not sure.
Optimized code, added further control over bars opening. This should improve the accuracy of trading as compared to the tester.
Added option BB2_Period_M15 - period of Bands order opening filter.
Added option LimitOrders - adjust number of additional orders in the market.
- Added extended information concerning the EA operation errors.