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Bright Day EA

This automated Expert Advisor is designed to work with ECN brokers and low spreads. The EA works around the clock and there is no need to stop it during during important news releases.

Trade is conducted by the levels. The EA features the search for the necessary levels at once on two time periods. The EA uses the built-in filter to select levels, at which it will place the pending orders. All orders are opened with the predefined StopLoss and TakeProfit parameters. Thus, even in the time of big change in the market price, your deposit is protected from large losses. After activation of a pending order, the EA additionally launches virtual StopLoss and TakeProfit orders that can close a deal earlier.

Periodically, pending orders are deleted. If the levels are still relevant, the EA will open pending orders again. The EA has the spread filter. If the spread is greater than the set value, then all pending orders will be deleted. Over time, the orders will be restored. 

The EA is optimized for EURUSD by default. The period of the chart, on which the EA is running does not matter and does not affect its operation.

After installation, please set a risk parameter or a fixed lot, depending on your trading style.

Recommended minimum deposit is 20 USD on a standard account or 10 USD on a cent account.

 

Parameters

  • Risk - risk value used for calculation of a dynamic lot;
  • Fixed Lot Size - fixed size of volume for orders. If set to 0, a dynamic volume is used;
  • Trade Mode - trade mode of the EA (0 - normal mode, 1 - nearby levels are sorted out);
  • Deviation - distance between the levels, in pips (only for Trade Mode = 1);
  • Spread Limit - maximum allowable level of spread;
  • Spread Delay - duration of the pause, if the spread exceeded the allowable value;
  • Take Profit - expected profit for a trade, in pips;
  • Stop Loss - allowable loss, in pips;
  • Candle's Count - number of candles used to search the needed level;
  • Order's Life Time - lifetime of the pending order;

  • Slippage - maximum price slippage, in points;
  • Text Color - color of the displayed data on a chart;
  • Background Color - background color of the displayed data;
  • Order's Comment - comment of the Expert Advisor's orders;
  • Magic Number - unique number of the Expert Advisor's orders (any numbers).

If you have any questions, please send me a private message. I will be glad to help you. 

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Version 1.3 - 2016.03.29

Changed the algorithm for determining the levels at which pending orders are placed.
Changed breakeven levels.
The EA has been optimized with quality 99.9%
Version 1.1 - 2015.11.30
Added ability to delete pending orders on Friday before the market closes.
Improved "Trade Mode 1" in the Expert Advisor.