JHK Auto Trade
This EA is based on multiple indicators with specific time frames to trade major support and resistance levels which open 2 one way positions with fixed stop loss and take profit. It has build in trend filter to make a good entry price while avoiding the stop loss.
Pairs/TimeFrame: Any FOREX major currency pairs with any timeframe (timeframes is fixed in EA)
Safe Trading Environment:
- No Hedging and no Martingale but still martingale function is available to use.
- Stop loss and Take profit is fixed for set and go trading.
- Three types of Money Management available to choose.
- Uses Trailing stop for tight stop loss with break even also available to use.
Simplicity and Compatibility:
- Plug and play type of Expert Advisor.
- Not require to change any settings.
- All default settings can support 4 and 5 digits broker.
- Support ECN or non ECN brokers.
- Less consume CPU/RAM therefore it can run well in most PC/Laptop.
- Can use any leverage.
- Lots - For Fixed lot size. If 0 value then lot size will use MMType lots, if value >0 then fixed Lots will be use and the same value will be apply for lot/volume in trades.
- MMType - Money Management zone. There are 3 types of risk management, input any value from 0-2.
- RiskType0 - If MMType value 0 then lot = risk by percent e.g with value 2 will risked only 2% of account free margin.
- RiskType1 - If MMType value 1 then lot = risk by money e.g value 100 for every $100 profit increment lot increased by 0.01.
- RiskType2 - If MMType value 2 then lot = risk by stop loss percent e.g value 3 stop loss risk only 3% of account free margin.
- TrailingStop - Value 0 to disable. Input value >0 to use trailing stop and with the same value used to start trailing.
- BreakEven - Value 0 to disable. Input value >0 to use break even and with the same value used to start break even.
- LockPips - If break even is enable then lockpips will also enabled. Value 0.1 for breakeven price to 1 pip profit will be locked.
- TakeProfit - Value 0 to disable. Value >0 to use fixed take profit. Default value supports 4 and 5 digits broker e.g value 10=100 pips in 5 digits broker.
- TakeProfit2 - Value 0 to disable. Value >0 to use fixed take profit. Default value supports 4 and 5 digits broker e.g value 10=10 pips in 4 digits broker.
- TakeProfit3 - Value 0 to disable. Value >0 to use fixed take profit. Default value supports 4 and 5 digits broker e.g value 10=10 pips in 4 digits broker.
- Layers - Define how many position will be open. Value must be >0 to open 1 position or more. Max input value is 3 while 3 take profits will be use.
- StopLoss - Value 0 to disable. Value >0 to use fixed stop loss. Default value supports 4 and 5 digits broker e.g value 10=10 pips in 4 digits broker.
- MaxSpread - Value >0 to use max spread. if value 3 = 30 pips for 5 digits broker.
- MaxSlippage - Max slippage value to open or close positions/orders. Value >0 to use max spread. if value 3 = 30 pips for 5 digits broker.
- TimeFilter - Set to true then trades time will be filter according to StartTime and EndTime value.
- StartTime - Input value according to broker time in hours to start trades.
- EndTime - Input value according to broker time in hours to stop trades.
- InfoOnChart - Set to True then any available information will print on chart.
- Recommended pairs GBPJPY, EURJPY, USDJPY EURUSD, GBPUSD, USDCAD.
- 5 digits broker with minimum lot/volume start 0.01 and lot/volume increment by 0.01
- Test the EA in demo account using forward testing.
- Use low latency/ping VPS with minimum 1GB RAM 20GB HDD.
- Low spread brokers with the average of 20-30 pips spread(5 digit broker), the lower the spread the better.
- Delete trading logs files to maintain PC performance.
- Use low risk of money management.
- Use broker with no-requote rules meaning cannot open multiple orders in less than 2 minutes after opened 1 position.