Dream Chaser
- Experts
- Version: 1.0
- Activations: 5
Dream Chaser is a powerful and multifunctional Expert Advisor that combines market volatility analysis with a grid trading strategy. It is designed for automatic entry point search and position management, equipped with a convenient visual interface for manual control.
🎯 Key Features
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Hybrid Strategy: Uses analysis of candle sizes for the initial entry and a grid method for averaging.
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Visual Control Panel: Includes an information display and manual buttons for the trader.
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Risk Management System: Automatic lot calculation and control of the maximum number of orders.
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Versatility: Can work on any timeframes and currency pairs.
⚙️ Detailed Settings
Money and Risk Management
| Parameter | Default Value | Description |
|---|---|---|
| Risk | 0.5 | Risk percentage from the deposit for automatic lot size calculation. |
| ProfitPips | 30 | Overall target profit in pips to close all expert advisor orders. |
| MaxOrders | 200 | Maximum number of simultaneously open orders. |
| Magic | 2025 | Unique identifier (Magic Number) for the expert advisor's orders. |
Trading Logic and Analysis
| Parameter | Default Value | Description |
|---|---|---|
| ExpBar | 2.9 | Multiplier for determining the extreme candle size. |
| HowBar | 1000 | Number of historical bars to calculate the average candle size. |
Time Restrictions
| Parameter | Default Value | Description |
|---|---|---|
| TimeStart | 3 | Hour to start the trading session. |
| TimeEnd | 23 | Hour to end the trading session. |
Performance and Interface
| Parameter | Default Value | Description |
|---|---|---|
| SpeedEA | 500 | Expert Advisor speed (update interval in milliseconds). |
| Info | true | Enable/disable the information panel on the chart. |
🤖 How It Works
1. Position Opening Logic
The expert advisor operates in two stages:
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Initial Signal:
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BUY Signal: Generated if a bullish candle closes and its size (High - Low) exceeds AverageCandleSize * ExpBar .
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SELL Signal: Generated if a bearish candle closes and its size (High - Low) exceeds AverageCandleSize * ExpBar .
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Grid Strategy:
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When a new signal (extreme candle) appears and there are already open orders, the expert advisor opens an additional order in the same direction as the signal, averaging the overall entry price.
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2. Trading Conditions
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Trading is active only between TimeStart and TimeEnd .
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There should be no orders already opened by the expert advisor on the current bar (avoiding multiple entries on the same candle).
3. Position Closing Logic
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All orders are closed when the total profit reaches ProfitPips pips.
📊 Information Panel
The expert advisor displays an advanced panel on the chart with key information for the trader:
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Minimum stop level (in pips)
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Average bar size for the calculated period
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Account Balance and Equity
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Current Profit:
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On the current currency pair
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Total profit on all pairs
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Profit for today, week, and month
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💡 Usage Recommendations
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Recommended Deposit: From $1000 when trading with a minimum lot of 0.01.
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Currency Pairs: Any.
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Timeframes: Any (optimal depends on the pair's volatility).
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Account Type: Any (ECN, Standard, Micro, etc.).
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Server: Using a VPS is not mandatory but is recommended for uninterrupted operation.
Note: As with any expert advisor, thorough backtesting and forward testing (on a demo account) are strongly recommended before using on a live account to understand all its features under different market conditions.
