Here is our new Expert Advisor "Ultimatum". It features a new money management type specially adapted for financial markets. An ultimatum is set to the price - if there is a move in any direction, it should bring immediate profit. This robot stems from the vast trading system development experience.
This is a free version of the Ultimatum Expert Advisor. The order opens only half of trades. This allows to fully evaluate the operability of the EA, the systems of money management and position control. Can be used for trading on real accounts. But the performance of the full version is greater.
In this software, we used ideas of popular products Ilanis and IDDQD. The Ultimatum EA features the stability of IDDQD and uncompromising mathematical models of Ilanis. The EA has been developed based on the suggestions of professional traders. Ultimatum performs well both in trend and in flat.
Uses M5 timeframeМ5. The EA is optimized to run on EURUSD, GBPUSD, USDCHF, USDCAD, USDJPY.
- Real account monitoring: https://www.mql5.com/en/signals/author/fastinvestments;
- The full version of the Expert Advisor: https://www.mql5.com/en/market/product/18012;
- The Expert Advisor provides automatic configurations for the major currency pairs, so there is no need to set it up.
- The trading robot considers only closed bars;
- The strategy uses averaging;
- Works both with Instant and Market Execution types (autodetection);
- Resistant to a temporary loss of connection or a short-term computer shutdown. After starting the computer, the Expert Advisor will pick up its orders and continue trading;
- Always works only with its own orders even if you have decided to trade manually in parallel;
- Currency pairs: All.
- Timeframe: M5.
- 5-digit quotes.
- Small spread will significantly increase your profit.
- The minimum leverage is 1:100. Recommended value is 1:500;
- ModeAuto - the parameter enables automatic configurations. The "AUTO" mode is available for EURUSD, GBPUSD, USDCHF, USDCAD, USDJPY.
- No AUTO------------- - automated configurations are disabled.
- AUTO(no MM auto) - all parameters except Lot are selected automatically.
- AUTO(Conservative MM) - all parameters are selected automatically, minimum load on the deposit.
- AUTO(Standart MM) - all parameters are selected automatically, average load on the deposit.
- AUTO(Aggressive MM) - all parameters are selected automatically, large load on the deposit. (Requires a leverage of 1:500).
- AUTO(Gambling MM) - all parameters are selected automatically, an inadequately large load on the deposit .(Not recommended for live accounts).
- PeriodPush_up - the period of the upper line of the channel determining trend direction (recommended range of values 3 - 100).
- Deviation_dn - correction of the lower channel period (recommended range of values -15 - 15).
- TP_buy_0 - takeprofit of the first (buy) order in the series, in points (recommended range of values 4 - 50).
- TP_buy_1 - takeprofit of the second (sell) order in the series, in points (recommended range of values 4 - 50).
- TP_buy_2 - takeprofit of the third (buy) order in the series, in points, if 0 there will be no third order (recommended range of values 0 - 50).
---=SETTING MONEY MANAGMENT=---
- Lot - lot value of the first order. If the value is negative, it is used as a fixed lot (Example: Lot = -0.01 the trade will be opened with the size of 0.01 lot). If the value is positive, the EA will open 0.01 lot per each specified amount on the deposit (Example: Lot = 100, $500 available on the account, the trade will be opened with the size of 0.05 lots).
2. The results omitting function during optimization works with any fixed lot.
3. Panel font settings added to parameters in global variables.
2. Implemented journal logging during the proper operation of the EA.