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Yoda MT5

I personally use the EA and constantly upgrade it... (live trading results for a year are provided at the link below). The robot can use multiple trading modes, both for trend and flat. To make entries, it uses signal of an indicator that determines the current periodicity of the market. Protective stop loss and take profit are always placed on every trade. Lot size is calculated based on a certain algorithm (dynamically or manually set by user). Positions are closed either by the indicator signal or by stop orders - depending on the user's selection. It is also possible to set a programmatic stop out to close all positions of the EA. It is possible to increase positions.

Real account monitoring: https://www.mql5.com/en/signals/178619


Input parameters

  • Magic Number - unique number of the EA's orders
  • Open BUY by signal - allow opening BUY at indicator signals (for trading a prominent bullish trend)
  • Open SELL by signal - allow opening SELL at indicator signals (for trading a prominent bearish trend)
  • Close BUY by signal - allow closing BUY at indicator signals (ignore indicator signals for closing BUY)
  • Close SELL by signal - allow closing SELL at indicator signals (ignore indicator signals for closing SELL)
  • Stop Out - percentage of the deposit at which all positions of the EA are closed
  • Count Orders - allowed number of orders per trading session (0 = automatic calculation)
  • First Lot - initial lot (0 = automatic calculation)
  • Coefficient for lot - lot coefficient (0 = deactivate the dynamic coefficient)
  • Coefficient for profit - profit coefficient (2 by default) to multiply the potential profit of teh next trade
  • Coefficient for StopLoss - coefficient of distance to StopLoss
  • Coefficient for TakeProfit - coefficient of distance to TakeProfit
  • Minimum half optimal period - minimum half-period (settings for entry accuracy of the EA, default values are recommended)
  • Maximum half optimal period - maximum half-period (settings for entry accuracy of the EA, default values are recommended)
  • Count waves optimal period - number of waves for calculation (settings for entry accuracy of the EA, default values are recommended)


Recommendations

  • It is advisable to disable the EA during significant news releases.


Note

  • During backtests the EA trades without stopping and disabling on important news, as a consequence the results are not optimal.
No reviews
Version 6.0 - 2017.02.24
- Global update EA
- Bug fixed
Version 5.8 - 2016.09.16
Added protective Stop Loss & Take Profit to all deals.
Version 5.6 - 2016.05.23
Added input parameters

1. Parameters for the optimization of the EA operation on other currency pairs and timeframes
- Minimum half optimal period - the lower limit of the optimum half-time
- Maximum half optimal period - the upper limit of the optimum half-time

2. Parameters for selecting the trading aggressiveness mode
- Coefficient for potential profit - coefficient for the potential profit
- Coefficient for lot - coefficient for the lot calculation