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Tradonator nextGen

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
7550
Frank Paetsch 2018.08.31 06:31 
 

Tolle Idee, Danke!

Der EA läuft jetzt eine Woche und hat Gewinn gemacht.

Frank B
1812
Frank B 2018.02.03 06:33 
 

.

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AWM Scalper is a fully automated Scalper System, this EA trade only 1 hour a day, 21 - 22 during summer and 22 - 23 during winter (Time GMT). This EA only focuses on Mean Reversion scalper.  Approximately 3-5 trades per week per pair (depends on market conditions). This EA does not use grid, martingale, averaging or other dangerous strategies. It uses Stop loss for every position, with adaptive Take profit and Stop loss. This EA has been stress tested for a period of 6 years with TDS 99.90% qual
640 USD
Trace Reversion
Yuxin Long
Trace Reversion Expert Advisor is a scalping EA based on price movement and some standart indicators. Trace Reversion EA does the analysis using M5 timeframes only . You can use Trace Reversion EA on all pairs, but my recommendation is to use this EA on pairs with low spread and low stop level. Please use this EA on M5 timeframe only. Please use this EA on forex of 5-digit and GOLD (XAUUSD) of 2-digit. ButStop or SellStop order must be not restricted; (maybe open order 0 distance from current pr
1 666 USD
GerFX Forex Cyborg
Exler Consulting GmbH
Forex Cyborg is a established expert advisor since 2017 on the market. There is a huge number of customers that trust in Forex Cyborg already and now it's newly available here on the MQL Store. Before you buy a night scalper please be aware of the risks involved: 1) Past performance is no guarantee of future profitability.  2) The backtests shown (e.g. in screenshots) are highly optimized to find the best parameters but therefore do not give a realistic prediction of future profitability. 3) An
650 USD
Ruxzo
Gennady Sergienko
Are you a trader ? Identify SCAM and share profitable EA: Join our community  GoGoPips 🚀   of find on telegram;   Default settings for EURUSD M5 If you need real results and not beautiful backtests. I have good experience in creating profitable robots. Ruxzo   This is a fully automated trading robot that has several trading modes: Ultra mode   the trading is 24/5 with the use of online filters. It is not possible to test this strategy on history because the basket filtering method i
999 USD
GerFX NightWalker EA
Exler Consulting GmbH
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 do not give a realistic prediction of future profitability. 3) Any mean reversion can get caught on the wrong side of a fast movements due to unexpected news or flash crashes. This strategy will always use a stop loss, but stil
525 USD
GerFX QuantFlow Scalper
Exler Consulting GmbH
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 do not give a realistic prediction of future profitability. 3) Any mean reversion can get caught on the wrong side of a fast movements due to unexpected news or flash crashes. This strategy will always use a stop loss, but stil
900 USD
DYJ GlobalForexTradeWarPowerSignal
Daying Cao
DYJ GlobalForexTradeWarPowerSignal is based on  indicator   PowerSignal . It can be used for any currency pair and timeframe. The   PowerSignal   recommends the best entry point  when the trend strength higher than 75% The EA analyses multiple currencies and multiple time frames and picks the best entry points based on the in-built indicators   PowerSignal   indicator. Most trading strategies put their emphasis on finding out when to enter the market. Whether it’s technical or fundamental, ev
12 500 USD
SFE Bitcoin MT4
Joel Juanpere
The EA use several systems focused on the Bitcoin / USD symbol. Any doubt or more information, you are invited you to join to the telegram group of the sfe users community. Telegram Community Group:   https://t.me/sfecommunity Signal https://www.mql5.com/en/signals/835278   Live setup The EA is very easy to setup, and can be used with the default parameters. Only parameters related with the GMT of the broker and the size of the orders must be checked. The EA must be attached to ONLY one B
900 USD
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Tradonator nextGen FREE
Wolfgang Kuebel
The Tradonator® nextGen! FREE 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. The basic strategy is not try
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Tradonator nextGen Lite
Wolfgang Kuebel
The Lite Version has limitations compared to the full version: 1. RsikLockDown mode with dynamic lot adjustment (moneymanagement) is deactivated and a maximum of 25 trades in each direction are possible at the same time. 2. The comment (works like a magic number) cannot be changed, therefore only one pair per account can be traded at the same time. ALL other functions correspond 1: 1 to the full version, see  https://www.mql5.com/de/market/product/17504
149 USD
Filter:
Frank Paetsch
7550
Frank Paetsch 2018.08.31 06:31 
 

Tolle Idee, Danke!

Der EA läuft jetzt eine Woche und hat Gewinn gemacht.

Frank B
1812
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