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Envelope EA

Envelope EA uses envelope indicator in different times to enter to a position. This Intelligent EA uses other Oscillators and Indicators such as Bollinger bands and moving average to calculate Lot size, TP and SL. This is a complex martingale based EA which passes 2008 recession as you see in screen shots.

It calculates Lot size, TP, SL and etc. automatically, but Lot size can be added by user in additional_LOT parameter.

It can be used with any Forex pairs which second part is USD in any time frames. But the best result is on GBP/USD M5.


Parameter

  • additional_LOT: Lot size calculates automatically according to market condition, but it can be added by user. It should be 0.01 or more. Example: if calculated lot size by EA is 0.08 and additional_LOT is set to 0.03 then final LOT size to entering in to a position will be: 0.08+0.03=0.11.
  • Trade if balance is less than 3000?: If this parameter sets to "TRUE", it lets accounts with Initial deposit less than 3000USD can trade. If it sets to "FALSE", EA will not trade with low Initial deposit.
  • History to check(number of candles): Number of candles in the past that EA checks. If this parameter set to Higher numbers then a long period of time will be checked and more events that happened in the past analyses by EA. Lower numbers can perform higher profits but it is less stable. Higher numbers perform lower profit but it is more stable. History to check had no limit but my experience show 200 is a base number to start, and 100000 is a higher band. A number between 100 an 10000 gives higher profit. Numbers between 30000 and 100000 is more stable with lower profit. Please test different numbers on tester and get to know it more better.

NOTICE: Envelope EA 1.60 calculates everything according to market condition but if balance is less than 3000 and balance is less than 3000 parameter set to TRUE, 0.01 which is minimum LOT size will use to enter to a position.

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Version 1.60 - 2016.04.27
Envelope EA 1.60 is a developed Envelope EA 1.50 to trade faster. Experiences show best results can be reached on GBP/USD M1.
Parameters:
◾additional_LOT: Lot size calculates automatically according to market condition, but it can be added by user. It should be 0.01 or more.

Example: if calculated lot size by EA is 0.08 and additional_LOT is set to 0.03 then final LOT size to entering in to a position will be: 0.08+0.03=0.11.
◾Trade if balance is less than 3000?: If this parameter sets to "TRUE", it lets accounts with Initial deposit less than 3000USD can trade.

if it sets to "FALSE", EA will not trade with low Initial deposit.
◾History to check(number of candles): Number of candles in the past that EA checks. If this parameter set to Higher numbers then a long period of time will be checked and more events that happened in the past analyses by EA. Lower numbers can perform higher profits but it is less stable. Higher numbers perform lower profit but it is more stable. History to check had no limit but my experience show 200 is a base number to start, and 100000 is a higher band. A number between 100 an 10000 gives higher profit. Numbers between 30000 and 100000 is more stable with lower profit. Please test different numbers on tester and get to know it more better.

NOTICE: Envelope EA 1.60 calculates everything according to market condition but if balance is less than 3000 and balance is less than 3000 parameter set to TRUE, 0.01 which is minimum LOT size will use to enter to a position.