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Tribal EA

Tribal EA is the newest conservative trading Expert Advisor with a powerful order control filter, the development of which took the last six months.

The EA does not use martingale, averaging or similar risky techniques. It always uses stop loss, tale profit and order closure based on additional filters.

All appropriate settings are stored in the Expert Advisor code, so there is no need to download additional set files - you only need to attach the EA to recommended pairs. The settings are valid for GMT+2 brokers. If your broker's time differs, set the appropriate value of TimeShift. You can also choose and use custom settings.

  • Timeframe: M15
  • Trading pairs: AUDCAD, EURCHF, EURJPY, GBPAUD, GBPCAD, GBPUSD
  • Trading time: night hours
  • Leverage: 1:100 and above.


Recommendations

  • Deposit: $200 per 0.01 lot.
  • Leverage: 1:200 or higher
  • Spread: 5-6 at most
  • Broker trading time: GMT+2 DST


Parameters

All settings in points are given for 2-digit (JPY) and 4-digit quotes. Values are automatically multiplied by 10 for trading accounts with 3- and 5-digit quotes.

General settings:

  • UseAuthorSetFiles - use optimized properly tested unique sets. Set to false if you want to trade using your custom parameters.
  • Set Name - the name of the user created set file.
  • MagicNumber - a unique magic number.
  • Lots - default lot value.
  • Auto Risk % - risk value as the percent of deposit per trade. The parameter is ignored if Lots is set to true.
  • Max Spread - the maximum allowable spread value, above which the EA will not open orders; in points.
  • Static Take Profit Pips.
  • Dynamic TP Channel Percent - take profit value as the percent of the channel width. Static TP is disable if the parameter is set to > 0.
  • Stop Loss - stop loss value in points
  • Hedging Orders - allow opening opposite orders when a signal appears.

Enter settings:

  • Bollinger Period - Bollinger Bands indicator period
  • Bollinger Deviation - the Deviation value of the Bollinger Bands indicator
  • Filter Max Candle Size - maximum value of the previous candlestick, orders will not be opened if the candlestick was larger.
  • Pause After Stop Loss - stop trading for the specified number of minutes after a losing trade.

Trailing stop/Breakeven:

  • Trailling Start - the distance in points from the opening price to activate Trailing Stop.
  • Trailling Distance - distance of trailing stop from the current price.
  • Breakeven - the distance in points from the opening price to move the stop loss value to breakeven

Trade Time Filter:

  • TimeShift - broker's time shift. Can also be a negative value.
  • Start Trade Hour - EA trading start hour
  • End Trade Hour - EA trading end hour

Other Settings:

  • Show InfoPanel - show/hide information panel
  • Color InfoPanel - background color for the information panel
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Version 1.4 - 2017.01.31
- Removed the automatic unloading of the EA from the chart when the "AutoTrading" button is released. (the EA was removed from the chart during synchronization with the MQL5 VPS).