Honkify
- Experts
- Version: 1.10
- Updated: 31 May 2026
- Activations: 10
Honkify is a professional trading system designed for the MetaTrader 5 platform. It uses a modular architecture to combine advanced mathematical filtering with robust risk management. The system identifies market conditions using a combination of linear regression channels and Kalman filtering, allowing it to adapt to both trending and ranging price movements.
Key Features
- Dual Filter Engine: Uses linear regression channels and Kalman filters to determine market direction and volatility levels.
- Adaptive Grid Logic: Implements a smart grid system with entry distancing based on the Average True Range.
- Professional Risk Management: Features multiple layers of protection, including equity-based stop losses and absolute account drawdown limits.
- Dynamic Position Sizing: Offers multiple sizing methods including fixed lots, percentage risk per trade, and Kelly Criterion positioning.
- Session Control: Includes filters for specific trading hours to avoid periods of low market liquidity.
- Visual Interface: A real-time display on the chart shows the current system state, drawdown levels, and trade exposure.
Input Parameters
Risk Management
- Initial Lot Size: The starting volume for the first trade in a sequence.
- Maximum Grid Orders: The total number of positions allowed in a single sequence.
- Stop Loss Equity Percentage: Closes all positions if the account equity drops by this percentage.
- Maximum Spread Pips: Prevents new entries if the market spread is too high.
- Trailing Distance: A virtual stop loss that follows the price to protect profits.
- Breakeven Trigger: Moves the stop loss to the entry price once a certain profit is reached.
- Grid Multiplier: The factor used to calculate the lot size for subsequent grid orders.
- Maximum Lots: The highest volume allowed for any single order.
- Account Protection Percentage: A safety mechanism that stops all trading if the total drawdown limit is reached.
- Grid Take Profit: The target profit level for each individual order.
- Risk Percent: Percentage of account balance to risk per trade.
- Stop Loss Multiplier: A multiplier used for the dynamic stop loss calculation.
- Take Profit Multiplier: A multiplier used for the dynamic take profit calculation.
- Use Kelly Positioning: Enables an advanced mathematical formula for calculating position sizes.
Time Filters
- Trading Start: The time to begin looking for new trade opportunities.
- Trading End: The time to stop looking for new trade opportunities.
Strategy Settings
- Analysis Lookback: The number of historical bars used for the channel calculations.
- Magic Number: A unique identification number for the Expert Advisor's trades.
- Show Visual Interface: Toggles the information panel on the chart.
Setup and Requirements
- Timeframes: The system is optimized for use on the one-hour and fifteen-minute chart timeframes.
- Currency Pairs: Recommended for use on major currency pairs with low spreads.
- Account Type: Using an account with low spreads and high-quality execution is recommended.
- Connectivity: A stable connection with low latency to the trading server is suggested for continuous operation.
All technical support and questions should be submitted through the MQL5.com messaging system or the product comments section.
