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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
5773
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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2 (1)
Price 500 USD only for the five first buyers. Available 4/5 copies. Next price : 800 USD For MT5 version https://www.mql5.com/en/market/product/81703 BBMA Dancer EA is Expert Advisor base on trend following strategy. This expert using BBMA to cathching the market trend. With this EA orders that are made seem to be dancing in the market in tune with the BBMA trend signal. This EA have a good performance that has been tested more than five years with real ticks history data. Forex market
500 USD
Golden Standard MT4
Evgenii Golovanets
Golden Standart it is a self-regulating Expert Advisor based on a breakout strategy of key levels, and the stop loss is calculated automatically. It reacts to volatility breakdowns and price spikes at support and resistance levels. The combination of 7 strategies allows for a unique approach in conducting transactions with the desired profit. Intelligent algorithms and a self-learning adaptive multilayer perceptron have all been integrated into my new Expert Advisor. The algorithm does not use
850 USD
Green Grow
Andrii Dubna
Green Grow -  is an automatic trading advisor for a trading platform MT4, the trading system of which is based on trading Fibonacci levels.     The Expert Advisor is fully automatic, so additional optimization and manual intervention in the settings is not required.     Important! For best results, use the EA to trade currency pair EURUSD with a time frame h1, with standard settings. 
500 USD
EA Morpheus
Ruslan Pishun
3.33 (9)
Breakout based strategy, generates market entry signals when the price crosses a border of a certain price range. To create the strategy, we have used the history data with 99,9% quality for the last 15 years. The best signals had been selected and the false signals have been filtered out. The Expert Advisor performs technical analysis and considers only the breakouts that show the best result. It uses a system of filtering false signals. The EA uses adaptive trailing stop. The EA uses a ver
550 USD
Bobber
Tatyana Kulyapina
Monitoring: BOBBER Alpari risk 3 prc   broker Alpari, account type: pro ecn, spread 0-3, commission $ 3.2. BOBBER ICMarkets risk 3 prc   broker ICMarkets Global, account type: raw spreed   , spread 0-3, commission $ 7.0. Test results:   https://www.mql5.com/ru/market/product/61718#!tab=comments&page=1&comment=21466060 Bobber   is a safe Expert Advisor that trades pending orders,   stop loss and take profit are set immediately   , and a multifunctional trailing stop works. Bobber   starts tradin
500 USD
Gold 22
Aleksei Bordak
1 (1)
Hello, Dear Traders My name is Alexei, I am a professional algorithm developer for trading on financial markets, crypto currency market and Forex. I have a lot of experience in finance and programming for more than 15 years. Years of practice, mistakes and success. A lot of groundwork and hundreds of created algorithms. Both successful and not so successful. Now that I am a successful man and a programmer with a fortune of several million dollars. I've decided to share with you my experiences i
800 USD
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Frank Paetsch
5773
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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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