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Expert TAPicker

Trading system features and principles

The Expert Advisor utilizes classical technical analysis patterns, based on which a group of strategies has been determined; orders are placed following each of the strategies. Basic principles for signal generation: the divergence of price and technical indicators, the accumulation/distribution of market participants, risk evaluation on the basis of historical price extrema.

The EA contains a built-in lot calculation algorithm based on the user defiled risk. If there is a possibility to open a trade with the minimum lot, the EA will open a trade. For example, if the calculated lot for a trade is 0.0095, and the minimum lot for the trade specified by the broker is 0.01, the EA will still open a deal with the 0.01 lots.

The recommended minimum deposit for the system is 500$ (with a leverage of 1:100-1:500). However, the deposit size depends mainly on the EA's risk configuration.


Description of the Expert Advisor Settings

The code of a parameter in the settings window, its description, and its default value

  • uBP - Enable counting price break cases (false).
  • aSIOS - Signal points are within one segment of the MACD indicator (false).
  • uSLC - Correct stop loss near high/low. If "true", the stop loss will be placed at the last high or low (false).
  • uTPC - Correct take profit near high/low. If "true", the take profit will be placed at the last high or low (false).
  • uATRS - Use the "standard" (average) bar for the stop value (false).
  • uLO - Place limit orders upon a signal, if "false" - market orders (false).
  • uALMACD - Automated adjustment of the MACD level value (true).
  • pOLMACD - Period for the minimum MACD level calculation in bars* (4000).
  • mOBE - Open multiple orders when working with multiple strategies (true).
  • mOBS - Open multiple orders inside each strategy (true).
  • uLPC - Check latest extrema when opening an order. They should not be above (for sl buy order) and below (for sl sell order) (true).
  • uACSL - Auto calculation of stop loss (true).
  • r - Profit to loss ratio if uACSL=true (3,5).
  • iSLSBMACD - Stop level multiplier if uACSL=true (3,0).
  • uACLS - Auto calculation of lot value (true).
  • l - Lot value if uACLS=false (0,01).
  • uTC - Moving a trade to breakeven (true).
  • pOP - Profit level (distance from the target profit) to move to breakeven if uTC=true (0,7).
  • aMC - Control of the Magic number of an order depending on the timeframe and strategy (true).
  • m - Unique Magic number of orders if aMC=false.
  • p - Prefix for object names (eTAP8_).

* - The chart should have enough bars in order to evaluate the minimum MACD level, otherwise the system will fail to open orders


Field of application

Forex currency pairs with the timeframe from M5 to M30. Recommended pairs and timeframes:

  • AUDUSD - M5
  • AUDUSD - M30
  • EURAUD - M30
  • EURCAD - M30
  • EURGBP - M15
  • EURGBP - M30
  • EURJPY - M15
  • EURUSD - M15
  • GBPUSD - M15
  • NZDUSD - M5
  • XAUUSD - M15

For each recommended pair and the corresponding timeframe, a separate window is opened, in which the EA is running.


Expert Advisor Testing

This trading system has been tested in real exchange conditions for over year. You can monitor the EA operation шт the demo signal - https://www.mql5.com/en/signals/184803

Trading system features and principles

The Expert Advisor utilizes classical technical analysis patterns, based on which a group of strategies has been determined; orders are placed following each of the strategies. Basic principles for signal generation: the divergence of price and technical indicators, the accumulation/distribution of market participants, risk evaluation on the basis of historical price extrema.

The EA contains a built-in lot calculation algorithm based on the user defiled risk. If there is a possibility to open a trade with the minimum lot, the EA will open a trade. For example, if the calculated lot for a trade is 0.0095, and the minimum lot for the trade specified by the broker is 0.01, the EA will still open a deal with the 0.01 lots.

The recommended minimum deposit for the system is 500$ (with a leverage of 1:100-1:500). However, the deposit size depends mainly on the EA's risk configuration.


Description of the Expert Advisor Settings

The code of a parameter in the settings window, its description, and its default value

  • uBP - Enable counting price break cases (false).
  • aSIOS - Signal points are within one segment of the MACD indicator (false).
  • uSLC - Correct stop loss near high/low. If "true", the stop loss will be placed at the last high or low (false).
  • uTPC - Correct take profit near high/low. If "true", the take profit will be placed at the last high or low (false).
  • uATRS - Use the "standard" (average) bar for the stop value (false).
  • uLO - Place limit orders upon a signal, if "false" - market orders (false).
  • uALMACD - Automated adjustment of the MACD level value (true).
  • pOLMACD - Period for the minimum MACD level calculation in bars* (4000).
  • mOBE - Open multiple orders when working with multiple strategies (true).
  • mOBS - Open multiple orders inside each strategy (true).
  • uLPC - Check latest extrema when opening an order. They should not be above (for sl buy order) and below (for sl sell order) (true).
  • uACSL - Auto calculation of stop loss (true).
  • r - Profit to loss ratio if uACSL=true (3,5).
  • iSLSBMACD - Stop level multiplier if uACSL=true (3,0).
  • uACLS - Auto calculation of lot value (true).
  • l - Lot value if uACLS=false (0,01).
  • uTC - Moving a trade to breakeven (true).
  • pOP - Profit level (distance from the target profit) to move to breakeven if uTC=true (0,7).
  • aMC - Control of the Magic number of an order depending on the timeframe and strategy (true).
  • m - Unique Magic number of orders if aMC=false.
  • p - Prefix for object names (eTAP8_).

* - The chart should have enough bars in order to evaluate the minimum MACD level, otherwise the system will fail to open orders


Field of application

Forex currency pairs with the timeframe from M5 to M30. Recommended pairs and timeframes:

  • AUDUSD - M5
  • AUDUSD - M30
  • EURAUD - M30
  • EURCAD - M30
  • EURGBP - M15
  • EURGBP - M30
  • EURJPY - M15
  • EURUSD - M15
  • GBPUSD - M15
  • NZDUSD - M5
  • XAUUSD - M15

For each recommended pair and the corresponding timeframe, a separate window is opened, in which the EA is running.


Expert Advisor Testing

This trading system has been tested in real exchange conditions for over year. You can monitor the EA operation шт the demo signal - https://www.mql5.com/en/signals/184803

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