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  • Reviews (7)
  • Comments (54)
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Seven strategy

This Expert Advisor is composed of 7 strategies configured to 4 timeframes, with different built-in MT4 indicators. During backtesting the EA passed through all market conditions over the past 13 years showing good performance. It works on one pair - EURUSD.

Orders are opened when a new bar appears. The EA checks the values of the previous bars, and if the parameters match, it opens an order. The EA does not use complex strategies. Orders are closed either by stop loss or take profit. Orders are additionally maintained by virtual stop loss and take profit. The EA can be tested by Open prices. It was backtested and optimized using real ticks with 99.9% quality for the entire period available in the Tickstory Lite program.

The EA features the News Stop Trading system, which suspends trading during the news releases.

Real operation monitoring as well as my other products can be found here: https://www.mql5.com/en/users/keasotik/seller

In order to activate the News Stop Trading function, enable Allow WebRequest and add "http://www.dailyfx.com" into the URL list for WebRequest. To do this, open Tools > Options > Expert Advisors. Check the option "Allow WebRequests for listed URL:". Add http://www.dailyfx.com ad click OK. The EA takes news from the specified websites.

  • Trailing: enable trailing stop mode
  • TrailingStop: profit in points to activate trailing stop
  • TrailingGap: the step of the trailing stop


Features

  • Visible Stop Loss
  • Additional control of orders using hidden Stop Loss and Take Profit
  • Monitoring slippage and trading costs
  • No Martingale
  • No grid;
  • No Arbitrage
  • Optional fixed lot
  • Can start with as little as 0.01 lot with the initial deposit 100$.


Custom Settings

  • Recommended pair: EURUSD.
  • Run on the M15 TF (it will automatically determine a higher timeframe)


Description

  • UseFIFOClose: close orders in compliance with FIFO
  • panelshow: display the panel of total balance for today, yesterday, the day before yesterday
  • hourtradefriday: disable trading on Friday at the specified time
  • endhourtradefriday: time, after which the EA will stop opening orders on Friday
  • closeorderfriday: close open orders on Friday after the specified time
  • hourcloseorderfriday: time to close open orders on Friday
  • Lots: fixed lot, if 0 - Percent is used
  • Percent: percent of free margin
  • InpNewsFilterEnabled: enable News Stop Trading
  • InpNewsLevel: the importance of news to stop trading
  • InpNewsMinutesBefore: the number of minutes before the news release to stop trading
  • InpNewsMinutesAfter: the number of minutes after the news release to resume trading
  • InpNewsTimezoneShiftTest: time zone offset for the testing mode
  • InpNewsTimezoneShiftLive: time zone offset for the live trading mode
  • InpNewsDoClose: close or not orders before the news release
  • InpNewsDoCloseAllMinutesBefore: the number of minutes before the news release to close orders
  • InpNewsMainColor: color of news on the chart
  • InpNewsUpdateEachMins: news update time in minutes
  • InpNewsShowInfo: show news on the chart
  • InpNewsManualUpdateMonths: number of months to update when manually (a button on the chart)
  • OpenOrdersLimit: choose the number of opened orders at the same time
  • maxspread: maximum allowable spread
  • onebar_oneorder: when set to true, one sell and buy order can be opened on 1 bar; if false orders limited by openorderslimit will be opened upon a signal
  • Trailing: enable trailing stop mode
  • TrailingStop: profit in points to activate trailing stop
  • TrailingGap: the step of the trailing stop
  • sl_m15: stop loss for strategies running on M15
  • tp_m15: take profit for strategies running on M15
  • sl_m30: stop loss for strategies running on M30
  • tp_m30: take profit for strategies running on M30
  • sl_H1: stop loss for strategies running on H1
  • tp_H1: take profit for strategies running on H1
  • sl_H4: stop loss for strategies running on H4
  • tp_H4: take profit for strategies running on H4
  • magicm15: number to identify EA orders (for example, if magic=1, orders will be opened from 1 to 110)
  • comment: a comment to open orders
  • NumberOfTry - the number of attempts to close, open and modify orders.
  • ECN - set SL and TP together with the order, or after it had been opened (for ECN accounts).
  • slippage - slippage size.


Backtest and Analysis

  • Backtest with 99% quality over 13 years.
  • Reliable trading on EURUSD.
rentanjigoku313
63
2017.04.21 17:27 
 

This is a very good EA. There is a steady profit.

tforexm1
56
2017.04.01 01:15 
 

Not happy with this EA so far. Will update at the end of the next month.

andreas67
50
2017.03.13 16:17 
 

One of the few experts here which will bring you money over the long run. No Night scalper, no breakout, not broker sensitive, no grid, no martingale, no bullshit. Just an smart indicator based system from a great seller with very good support.

Chau
78
2017.02.24 05:05 
 

Bad support. I will increase the rating after three months if the EA produce any positive results. For now, it deserves 1 star

MaxPips Max
803
2017.02.21 21:51 
 

User didn't leave any comment to the rating

traderfx13
431
2017.02.07 15:23 
 

EA is buggy and the author is not a responsible coder. So far I only had losing trades with it on a live account with minimal lots which do not match the seller's signal. His response was that his VPS was down! EA placed orders and tried once to modify the SL and TP and the broker gave an error but instead of having a retry loop for OrderModify() like a responsible coder the EA left SL and TP to 0.0000 essentially trading naked. When I brought it up to the seller he ignored my request to fix it. I know this EA is cheap but don't let that lead you into getting it because you will lose a lot more than the rental or purchase price. I do not recommend this EA or any products by this seller at this time. If he decides to act responsibly in the future I will update my review.

Update: vendor fixed the bugs so the code improved but the EA only loses for me on ECN broker fast VPS. I had so far 13 trades 11 loss 2 wins. I am stopping the forward test for this EA which does not match sellers signals. I raise my rating to 2 stars because the author fixed the code but no more because of the losses.

Update2: Large floating open losses with no SL. Not recommended for live trading.

See: http://postimg.org/image/hakuidnup/

Lee Bryant
1505
2016.12.28 17:57 
 

Good seller and strategy which seems reliable over a long period of time

Version 1.9 - 2017.03.28
Slightly optimized code.
Version 1.8 - 2017.03.02
It is added:
onebar_oneorder: one sell and buy order can be opened on 1 bar
if false orders limited by openorderslimit will be opened upon a signal
Version 1.7 - 2017.02.21
The following is added:
The News Stop Trading system ("News Stop of Trade") which stops trading during the news events.
Trade by the FIFO.
Procent parameter can use a decimal divider for example 0.5
New maxspread parameter
Version 1.6 - 2017.01.25
Version 1.6 - 2017.22.01
Added:
Big optimization of a code, OpenOrdersLimit is corrected.
Version 1.5 - 2017.01.20
Version 1.5 - 2017.12.01
Added:
information panel that displays Balance, profit today, profit yesterday, profit the day before yesterday
disable opening orders on Friday after the specified time
close open orders on Friday after the specified time
select fixed lot or percentage of free margin
select magic, if magic=1 orders will be from 1 to 273
Version 1.4 - 2016.12.30
Version 1.4 - 2016.29.12
Changed the 'chek' variable on ECN.
Version 1.3 - 2016.12.28
Version 1.3 - 2016.27.12
Performed the code optimization.
Version 1.2 - 2016.12.23
Version 1.2 - 2016.21.12
Added:
NumberOfTry - the number of attempts to close, open and modify orders.
check - set SL and TP together with the order, or after it had been opened (for ECN accounts).
slippage - slippage.

Small optimization of the code, error handling by the EA, check for correctness of the sl and tp values and other changes.
Version 1.1 - 2016.12.20
Version 1.01 - 2016.16.12
Fixed bug with virtual Sl and TP, orders were tracked not on new ticks but on new bars.
Fixed the comment.