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Outburst

The Expert Advisor is based on the price movement with no roll-backs and applies the market forecasting system based on price patterns. VSP is required for flawless operation, the recommended minimum deposit is 1000 units of the base currency. The EA is to be used on highly liquid currency pairs with a small spread/commission (for example, EURUSD, GBPUSD, AUDUSD, USDJPY, USDCHF, USDCAD, NZDUSD, EURJPY, EURGBP and EURCHF).


Features

  • The EA features a predictive algorithm based on price patterns, as well as stop loss and take profit levels;
  • Customizable pyramiding, hedging and order grid functions;
  • Position tracking can be one of the three types: single closing, unidirectional or multidirectional order basket;
  • The initial market exit strategy is highly customizable;
  • The EA can be used with any trading strategy, both manual or automatic (Expert Advisors) if MagicNumber = -1.


Advantages

  • Works on Open prices;
  • Complies with the FIFO rules provided that pyramiding, grid or hedging are not used;
  • The EA has been designed for the actual current market conditions;
  • Pending orders and real stop levels;
  • No dependence on a trading account type and broker;
  • The product works both with small and large deposits;
  • Resistant to connection losses, gaps, slippages and spread expansions.


Expert system

The algorithm collects price patterns on history to make forecasts depending on stop levels by using the statistics of the further price movement. The quotes history should be pre-downloaded for at least one year before testing/optimization on all currency pairs and timeframes, the EA is to be attached to. The lower the timeframe, the more price patterns the EA is to define and the more trend change signals are to be activated.


Main parameters

  • RisingPrice - price movement with no roll-backs, step by step;
  • x1,x2...x16 - weights, 0-100;
  • StartWorkingTime, EndWorkingTime - operation by time;
  • OpenPositions - orders opening strategy;
    • SingleOpen - single opening;
    • Grid - order grid;
    • Pyramiding - pyramiding;
    • Hedging - hedging by symbol;
  • OppositeDirection - open positions in the direction opposite to a signal;
  • OpposingPositions - enable oppositely directed positions;
  • VolumeCalculation - trading lot calculation method;
    • Manual - set initial lot manually;
    • Balance - calculate a trading lot based on the balance;
    • Equity - by equity;
    • FreeMargin - based on the free margin;
  • InitialVolume - initial lot or % depending on the selected method;
  • VolumeBehavior - lot behavior;
    • SameVolume - same lot;
    • IncreaseVolume - increase lot;
    • DecreasesVolume - decrease lot;
  • OrderOpenStep - initial order open step;
  • OrderStepBehavior - order open step behavior;
    • SameLevel - same levels;
    • IncreaseLevel - increase step;
    • DecreasesLevel - decrease step;
  • ClosingPositions - order closing strategy;
    • SingleClosing - single closing;
    • UnidirectionalClosing - close a unidirectional basket of orders;
    • MultidirectionalClosing - close a multi-directional basket of orders;
  • TakeProfit - take profit, -1 - not used;
  • StopLoss - stop loss, -1 - not used;
  • Breakeven - position breakeven, -1 - not used;
  • TrailingStop - trailing stop, -1 - not used;
  • MagicNumber - magic number. If -1, the EA works with all orders;
  • OrdersComment - comment to trades;
  • Visualization - display data on a chart.
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