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Tradonator nextGen

4

The Tradonator® nextGen!

  • trades not primarily on indicators or prices, but at the beginning of every new candle (controlled by Timeframe).
  • determines the trading direction due to the integrated indicator, which can measure trend and volatility.
  • creates a Sell- and a Buypool and manages them isolated.
  • calculates with every trade for each of the pools a previously defined profit target and closes the pool only with a total profit once this goal has been achieved.
  • basically works with any currency pair, any broker and in any timeframe. Theoretically, you could also trade indexes or commodities, if there would be no rollover.

The basic strategy is not trying to predict the market, but to use the back and forth and to be predominantly in the right direction on the road. It inevitably always an accompanying book loss, that could (and should) be controlled via the used lot size.

Keep it easy:

Trade a major forex pair on H1 timeframe with a minimum equity of 4000 $ and all will be fine! (alternatively on a cent account with 40000 cent)

The basic settings (for H1) stipulate the use of a risk lock down mode, which will effectively prevent to trade with too high lotsizes, in too short time frames or within too small ranges. This mode needs 4000 $ free equity per 0.01 lot, the H1 timeframe and a range from minimum 15 pips. You can switch it off, but you pay with a higher risk!

I recommend to keep RiskLockDown on true, at least until your look on the functioning of the Expert is clear!

  • The activity of the Expert can be individually controlled by the parameters TradingRangePoints and VolatilityMeasure.
  • By using the multi-chart strategy you can start aggressively in short time frames and automatically change to longer time frames and moderate settings while unfavorable course of trading.
  • The Expert can hide take profits from the Broker and manage them alone.
  • The Expert can automatically open a matching hedge position to neutralize the account.
  • The Expert can automatically start a Tradeout before the week end.

The Tradonator® nextGen! has shown stable results on live accounts for over 5 years now. More detailed information on my website or my youtube channel.


Key Settings

  • RiskLockDown=true - enforces moderate risk (0.01 Lot per 4000 Equity in a Range >= 15 in H1 Timeframe)
  • LotsFix=0.01 - max. 0.01 per 3000 Equity and Pair suggested (only relevant at RiskLockDown = false )
  • InitialTP=15 - takeprofit for the first 2 trades in every pool
  • PoolTargetPoints=15 - desired Takeprofit for the complete pool
  • VirtualProfits=false - takeprofit at the broker, should be allways hidden at timeframes <= M15
  • TrendTimeFrame=60 - timeframe which sends the signal (in minutes)
  • VolaMeasure=true - volatility measure on / off switch
  • TradingRangePoints=15 - range in pips, where is a maximum of 1 trade opened in every direction
  • MaxSpreadPoints=8 - your tolerated spread
  • UseMultiChart=false - multichart on / off switch
  • StartWithTradeCount=0 - this chart starts with trade No. x (in both directions)
  • EndWithTradeCount=5 - and ends with trade No. y (in both directions) - only relevant if UseMultiChart = true
  • UseAutoHedging=false - automatic hedging on / off switch
  • AutoHedgingValue=1000 - absolute ammount you accept as floating before hedging gets active
  • AutoHedgingSL=30 - stoploss hedgeposition in pips
  • HedgeBreakeven=20 - breakeven hedgeposition in pips
  • AutoTradeOut=true - autotradeout on / off switch
  • AutoTradeOutDay=4 - day of autotradeout start in metatrader counting (0= Sunday till 5= Friday, here Thursday)
  • AutoTradeOutHour=12 - time of starting Autotradeout
  • CommentString=nextgen - order comment, (has to be unique per instance and account)
  • CommentStringHedge=nextgenH - order comment hedge order, (has to be unique per instance and account)
Reviews 2
Frank Paetsch
5725
Frank Paetsch 2018.08.31 06:31 
 

Tolle Idee, Danke!

Der EA läuft jetzt eine Woche und hat Gewinn gemacht.

Frank B
1822
Frank B 2018.02.03 06:33 
 

.

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EverlastingEA is a fully automated expert built for EURUSD and several other currency pairs. EverlastingEA trades trend and safest strategy to recover losses on account. Use the EA on the M15-H1 timeframe.  PRICE $1950 (ONLY 10 COPIES LEFT) NEXT PRICE $2499        Requirements when using robot EverlastingEA 1. Time frame: M15. Use VPS with low latency (<20ms). 2. Pairs:  EURUSD.... Use EA with ECN or Raw spread accounts and allow hedging. Min Balance: $ 500 3. Download history before backtest
1 150 USD
GerFX Density Scalper
Exler Consulting GmbH
5 (6)
IMPORTANT: Please contact me after buying or renting for the correct key paramter.  Before you buy a night scalper please be aware of the risks involved: 1) Past performance is no guarantee of future profitability (the EA could also make losses).  2) The backtests shown (e.g. in screenshots) are highly optimized to find the best parameters but therefore results cannot be transferred to live trading. 3) Any mean reversion can get caught on the wrong side of a fast movements due to unexpected new
1 600 USD
Doom
Sergei Moskalenko
Полностью автоматизированный эксперт с уникальным алгоритмом, разработанный  для торговли инструментами Forex. Это советник на основе скальпинг-стратегии с элементами мартингейла, который предоставляет большое количество комбинаций настроек для соответствия вашим личным предпочтениям в торговле. Методом несложной оптимизации параметров эксперта, настройки можно подобрать под любой торговый инструмент. Может использоваться как на VPS, так и на персональном компьютере. Р еквоты брокера, кратковре
500 USD
Multicurrency version, trading is recommended for currency pairs: AUDCAD      GBPCAD      EURGBP The EA has been working on real accounts since 2017. Trading is based on corrective trend movements, positions are opened based on the strength of the trend and trading volumes according to the author's formula. Series of positions have a common take profit, which is based on the statistics of corrective movements of this trading instrument. For each currency pair, its own trading strategy is applie
1 250 USD
FX NightScalper
Feng Zhu
3.88 (8)
Live Signal with Brokers( ICMakets/ForxeTime/ValuTrades ) :  https://www.mql5.com/en/signals/author/usd180307       Peculiarities The EA just need attached to ONLY one chart to trading 6 sybolms.  The EA can open three different trading strategies on different charts, but note that different magic numbers must be used. Multicurrency transactions to share the risk of loss. Does not require optimization and configuration. Uses ready-made strategies. Flexible risk management system.  Advanced algo
500 USD
FiveElements
INREXEA LIMITED
5 (3)
We started upgrading again . Now keep observing the new signals from last version .  We do not believe in any result in Demo/Backtest result , This is our style to create our product on LIVE only .  So it takes some times to the next version  Only Work on XAUUSD now !!! FiveElements works on 5 parts -> Drawing Mode (Half Auto) : Users can draw objects on the chart (At the moment only Lines Object) with Special logic to open orders after Pull Back  OnStreet Mode : which users can also trade on
2 083 USD
Sodobe Scalper
Nguyen Van Cho
5 (2)
Scalping solution provided by top 5% world Professional Traders,  verified for 20 years Low risk No scam Never fired account => That's Sodobe Scalper The EA best works for   Gold XAUUSD  with default settings, and the target price will be: rent $90/month, buy $900 Scalping only on M1 time frame, always fixed Take Profit = 5 ATR, Stop Loss = 8 ATR and auto close when over buy/sell to get highest win rate and lowest drawdown. The average holding time is only 45 minutes/trade Scalping based on the
590 USD
Bober Lannister
Arnold Bobrinskii
5 (1)
Bober Lannister MT4  - is fully automated cross platform trading robot. Only one trade at a time. No "Recovery algorithm (martingale)" or other dangerous strategies involved. Next order lot size always the same according to Risk settings regardless of achieved result by previous one. Virtual TP and SL  keeps the same distance. Live settings optimized by using real ticks data. Much attention has been paid to forward test results to avoid overfitting. MT5   version of   Bober Lannister   here 
600 USD
Carousel Triple Correlation
Stanislau Siatsko
4.5 (2)
Promo Price: $1025 ( 1 copy left ). This is final promotion for   Carousel_Triple_Correlation, details  here>>> Next Price : $2600 Attention: this is a multicurrency EA, which trades by several pairs from one chart!  Therefore, in order to avoid duplicate trades, it is necessary to attach EA only to one chart, ---> all trading in all pairs is conducted only from one chart! Insofar as this is a multicurrency EA, where the conditions of three different instruments are taken into account when op
1 025 USD
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Frank Paetsch
5725
Frank Paetsch 2018.08.31 06:31 
 

Tolle Idee, Danke!

Der EA läuft jetzt eine Woche und hat Gewinn gemacht.

Frank B
1822
Frank B 2018.02.03 06:33 
 

.

Reply to review
Version 1.7 2020.04.01
-code revision and some new options
-ESMA risk calculation updated
-close all winners button
Version 1.5 2016.08.30
Changes in Version 1.5:

- some visual embellishments in the notification area on the chart
- option to clean up the chart via button
- visual presentation of Bid and timeframe
- general code optimization