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Knitter

The Knitter EA is a semi-automatic Expert Advisor with an integrated trading panel.

It waits for an order to be opened by the standard means of the MetaTrader 4 (or by its own panel) and automatically sets the Take Profit, Stop Loss, activates the Trailing Stop.

The EA is fully-functional in the MetaTrader 4 strategy tester and can be used as a simulator.


Settings

  • Expert ID number - Identification of open orders. "0" - tracks all orders for the current symbol opened using the EA panel or MetaTrader 4. Specify any other number and the EA will work only with its own orders.
  • Visible Trading Panel EA - Display the panel in the chart window. Hiding the panel does not disable the EA operation.
  • Show Panel EA Left - Display the panel in left or right corner of the chart.
  • Fixed Lot - use fixed value for the lot size of the first order. If "false" - the lot size is calculated as a percentage of the deposit.
  • Lot Size - Fixed lot size.
  • Percentage of Deposit (for calculation of the lot size) - percentage of the deposit to calculate the order volume.
  • Take Profit - take profit level. If "0" - Take Profit is not used.
  • Consolidate Take Profit - set the take profit level calculated based on the total (consolidated) position of all opened orders. If "false" - the take profit level will be placed for each order individually.
  • Take Profit on Equity - close orders based on the percentage of equity profit. can be used simultaneously with the standard Take Profit, not visible on the broker side. If "false" - disabled.
  • Percent Profit on Equity - percentage to calculate the equity profit (deposit). Calculated based on the consolidated position of all opened orders.
  • Trailing Stop - Trailing stop level. Activated only if the position reaches the specified profit level. If "0" - Trailing Stop is not used.
  • Consolidate Trailing Stop - use the trailing stop calculated based on the total (consolidated) position of all opened orders. If "false" - it will be activated for each order individually.
  • Stop Loss - stop loss level. If "0" - Stop Loss is not used.
  • Consolidate Stop Loss - set the stop loss level calculated based on the total (consolidated) position of all opened orders. If "false" - the take profit level will be placed for each order individually.
  • Stop Loss on Equity - close orders based on the percentage of equity loss. can be used simultaneously with the standard Stop Loss, not visible on the broker side. If "false" - disabled.
  • Percent Loss Equity - percentage to calculate the equity loss (deposit). Calculated based on the consolidated position of all opened orders.
  • Number of Trades - the number of averaging orders allowed to be opened by the EA. If "0" - opening averaging orders is blocked.
  • Step Nets for next Order - step for opening averaging orders.
  • Multiplier next Lot - lot multiplier for the opened averaging order. If greater than "1.00" - the lot size increases, if less - the lot size decreases.
  • Initial Order for Multiplier - the number of the initial averaging order to start changing the lot size according to the multiplier. If "1" - the lot size will increase starting from the first averaging order.
  • Control Bar - function for controlling the orders to be opened on the current bar. If "true" - opening only one on the current bar is allowed. If "false" - the number of orders on the current bar is limited by the number of orders allowed to be opened by the EA (Number of Trades)
  • Automatic Execution - enable automatic opening the averaging orders by the EA. If "false" - opening of averaging orders is performed manually using the EA panel.


Trading panel of the EA

  • i - information about the current EA settings
  • BUY - open BUY at market
  • SELL - open SELL at market
  • CLOSE ALL - close all orders by symbol or by the "Expert ID number"


Operation Features

The EA works order with orders in the same direction. For example, if the first only if buy, the EA will subsequently work only with buy orders.

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