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Elementalist

This is a grid advisor. The strategy is based on analysis of price action within the daily volatility range for a given period. The EA applies dynamic order placement levels, stop loss, take profit and trailing stop levels invisible for brokers. Their values can be calculated in pips, money, as a % of the balance or volatility (ATR).  


Main parameters


    • LotsFor1000 - initial lot size per 1000 units of base currency;
    • ATRPeriod - period for calculating the average daily volatility, in days;
    • ATRPercentage - the distance in % of the ATR value that the price should pass within a certain time interval.
    • UpdateDistance - time in seconds, after which the data for opening positions are refreshed.
    • TradeDirection - trading method: trade in one or both directions simultaneously;
    • OrderOpenMode - calculation of step for opening orders: in pips, in deposit currency, as a percentage of the balance or as a percentage of ATR;
    • OrderGridStepOrderGridStop - position averaging step;
    • CountingOrders - order counting: each series separately or the total number of orders in different directions;
    • GrowingVolume - scale in to positions by the amount of orders or by lot increment;
    • LotMultiplier - increase the lot by the specified multiplier;
    • StartMultiplier - position to start increasing the lot;
    • MaxLotFor1000 - maximum lot per 1000 units of base currency;
    • LevelsMethod - setting take profit/stop loss: separately for short and long positions or for the entire basket of orders;
    • LevelsMode - calculation of take profit/stop loss: in pips, in the deposit currency, as a percentage of the balance or as a percentage of ATR;
    • StopLossTakeProfit - stop loss and take profit, 0 - not used;
    • TrailingMethod - trailing stop method: separately for short and long positions or for the entire basket of orders;
    • TrailingMode - calculation of trailing stop: in pips, in the deposit currency, as a percentage of the balance or as a percentage of ATR;
    • TrailingStart - minimum profit for enabling trailing, 0 - not used;
    • TrailingStopTrailingStep - trailing stop and trailing step;
    • MagicNumber - magic number, the EA manages all positions opened manually or by another EA if set to 0;
    • TradeComment - trade comment.


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