• Overview
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The operation strategy of the EA is based on strong fluctuations of the price during the period of high volatility (for example during news). The EA analyzes the fluctuation frequency of the market price, places an order in the direction of price growth when a specified parameter value is reached. It simultaneously places a pending locking order at a specified step from the price, which is moved after the price. When the market movement is weak the locking order will cover the loss of the placed order, when the movement is strong, it additionally triggers at the reverse movement of the market retracement.

Expert Advisor features

  • fixed stop loss (standard visual or virtual options)
  • order price trailing feature (with adjustable percentage of the price roll-back)
  • money management feature (options include fixed lot or automatically adjusted based on the specified deposit risk)
  • information panel with all setting of the EA (with a selection of display location in the terminal window)

Recommended parameters

  • Pairs with minimum spread
  • Timeframe: any (market analysis is performed by time)
  • Account type: ECN (Market Execution)
  • 5-digit quotes

Expert Advisor Settings

  • Expert Settings
    • Step_at_Price - the value of price fluctuation from the current price to open an order, in pips
    • Frequency_Market - value of expected market fluctuation frequency
    • Step_Pending_Order - step from the current price to place a pending order, in pips
  • Trade Panel Coordinates
    • X_Pos_px - location of the information panel in the terminal (horizontal shift by specified number of pixels, 0 - left edge of the terminal screen)
  • Money Manager
    • Fixed_Lot = 0 - if Fixed_Lot = 0 then the lot is calculated based on the deposit, otherwise the specified fixed lot is used
    • Risk = 10 - risk percentage to calculate the lot at Fixed_Lot = 0
  • Order Settings
    • VirtualStop = true/false - selection of the stop loss used, if 'true' then virtual, if 'false' then standard
    • StopLoss - stop loss level in pips (5-digit quotes)
    • TakeProfit - take profit level in pips (5-digit quotes)
    • TrailingPercent - roll-back percentage to close the order once the profit is reached, and further trailing (at value 0 - fixed profit)
    • Magic - identification number of the EA orders

Notes and recommendations

  • The spread expands during the news release and volatility increase, it is not recommended to set the StopLoss less than 70-80 pips, there is a locking order to avoid the loss
  • You can use an account with fixed spread
pascal9977 2016.10.06 20:05