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Black Swan

The Expert Advisor tries to profit when high volatility appears in the market, so it can be called a news trading EA, although it does not use information about news. In order to keep up with the market, the EA sets pending stop orders at the beginning of a day, and then periodically modifies them during the day depending on your timeframe. Pending orders are deleted at the end of the day. The distance between the orders is automatically calculated using a special algorithm. Pending orders are used to reduce slippage during high volatility in the market. The Expert Advisor allows you to trade a fixed lot, as well as includes the money management unit for automatic lot calculation based on the preset risk per trade. For the reliable operation of the Expert Advisor I recommend using a ECN account with a narrow spread and fast order execution. The EA can be used for scalping, as well as for new trading when the "Black Swan" situation appears on the market. By default it uses settings for scalping.

Pros:

  • Fixed and automated lot based on MM;
  • No hedging;
  • No grid, martingale, or arbitrage;
  • It can be set for several trading strategies;
  • Pure and simple setup;
  • Automatic detection of decimal places in prices.


News Trading Strategy

https://www.mql5.com/en/signals/242274

Requirement:

  • Symbols: GBPUSD;
  • Timeframe: М15;
  • Deposit: $100 and higher;
  • Account type: ECN;
  • Account currency: USD;
  • VPS is required.

Expert Advisor Setup:

  • Comment - Black_Swan;
  • Magic - 54225;
  • Slippage - 1;
  • Distance factor orders - 3;
  • Number of analyzed bars - 100;
  • Lot size - 0;
  • Auto risk - 10;
  • Stop Loss - 50;
  • Take Profit - 0;
  • Minimum profit -10;
  • Min. On-hold orders open - 100;


Scalping Trading Strategy

https://www.mql5.com/en/signals/242275

Requirement:

  • Symbols: GBPUSD, EURUSD, USDCHF, USDCAD, AUDUSD, NZDUSD, USDJPY;
  • Timeframe: М15;
  • Deposit: $100 and higher;
  • Account type: ECN;
  • Account currency: USD;
  • VPS is required.

Expert Advisor Setup:

  • Comment - Black_Swan;
  • Magic - 578785;
  • Slippage - 1;
  • Distance factor orders - 3;
  • Number of analyzed bars - 100;
  • Lot size - 0;
  • Auto risk - 10;
  • Stop Loss - 15;
  • Take Profit - 0;
  • Minimum profit -3;
  • Min. On-hold orders open - 1;


Parameters

  • Comment - a comment for an open order
  • Magic - magic number;
  • Slippage - allowed slippage value;
  • Distance factor orders - the ratio for the distance between pending orders; minimum - 0.7; maximum - 8
  • Number of analyzed bars - the number of bars used for price analysis; Minimum - 10; Maximum - 200
  • Lot size - Fixed lot size;
  • Auto risk - Automated lot calculation. Percent of used deposit;
  • Stop Loss - Stop Loss level;
  • Take Profit - Take Profit level;
  • Minimum profit - Minimal profit;
  • Min. On-hold orders open - minimum order holding time;


Money Management

Automated money management features:

The EA remembers the initial deposit, determines the lot value in accordance with the specified percent of deposit used (Auto risk). Later, when the deposit increased by the original size, the lot size will also be increased by the initial lot size. The lot size will not be reduced in case of drawdown. Example: your initial deposit is $10,000, Auto risk is set to 10%. The initial lot value will be equal to 1 lot. Once the deposit is increased to $20,000, the lot size changes to 2. When your deposit is increased to $30,000 the lot changes to 3 respectively.

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