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Cool Channel MT5

The Expert Advisor trades based on channel borders. After the start, the EA calculates a channel and opens trades depending on where the price is.

The EA always uses virtual Take Profit and Stop Loss, which are calculated depending on the channel width.

The EA can open additional orders, the number of such orders is specified in the Maximum quantity of open positions parameter.

The Expert Advisor does not use martingale, arbitrage or scalping techniques.

Before purchasing, please test the EA in the strategy tester.

If you run multiple EAs on one account, do not forget to change the Magic number.


Parameters

  • Lot size - trade size
  • Magic number - EA's ID
  • Step to open next position in the same direction
  • Depth of analyze history (bars)
  • Flat distance (0 - no correction) - correction distance (0 - not used)
  • Maximum quantity of open positions
  • Time to start - operation start time
  • Time to finish - operation end time
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Version 1.20 2016.10.13
1. Added slippage.
2. Added the second operation start and end time.
3. Fixed some minor bugs.