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Smart pips collector

Smart pips collector is a fully automated Expert Advisor for Forex trading. The system does not use elements of risky strategies. The robot determines the direction of the trend, as well as oversold or overbought states of the market, and when it receives a signal, it opens a buy or sell position. It also uses a dynamic system of fixing profit and risk control.


Recommendations

  • Configured for EURUSD. Timeframe does not matter;
  • ECN account and five-digit quotes recommended;
  • Use 0.01 per 100 units of the currency. If the deposit is below $100, use a cent account.
Test the EA using one-minute M1 quotes. Configure TimeZone in the EA settings.


Settings

Lot Calculation

  • ModeLots - lot calculation type:
    • ManualLot - set manually;
    • PercentDeposit - trading lot recalculation based on the PercentDeposit parameter.
  • LotSize - fixed lot value set manually;
  • PercentDeposit - percentage of the deposit for a lot calculation.

Parameters of Indicators

  • TimeZone - difference between your broker's time and GMT;
  • TimeStartHour - trading start time;
  • TimeEndHour - trading stop time;
  • MaxOrder - maximum number of orders in one direction;
  • MagicNumber - magic number;
  • PeriodRSI - RSI period;
  • PeriodMA - MA period;
  • PeriodADX - ADX period.

Order properties

  • BetterPricePips - the number of points after which the EA should look for a better price;
  • LotMultiplier - lot multiplier;
  • DynamicTakeProfit - dynamic take profit (controlled programmatically);
  • DynamicStopLoss - dynamic stop loss (controlled programmatically).

Trailing Stop

  • TrailingStart - trailing start;
  • TrailingStop - trailing stop;
  • TrailingStep - trailing step.
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