• Overview
  • Reviews
  • Comments (9)
  • What's new

WY Bishop MT4

Statistician expert. By analyzing the statistics of the virtual deals on the specified interval, it is able to find the most probable reversal points of the detected regularities, as well as the most probable points of their continuation. The statistics are generated based on the variation of the Stop loss and Take profit levels within the specified borders. Recommended period - M5.


Advantages

  • Intraday deals with variable stops.
  • Simple algorithm for analyzing the statistics, which will never lose its relevance.
  • Ability to adapt to any trading instrument.
  • Ability to close only by stops, always sets take profit and stop loss for each position.
  • In case the terminal is turned off, the open orders will be closed at server side using the stop levels.
  • Excellent testing results for all major currency pairs, starting from 2000 to 2017.01.01.
  • Ability to work on all currency pairs at the same uninterruptedly due to synchronization.


Recommendations to maximize the efficiency

  • ECN account with five-digit quotes
  • The fastest possible execution of orders
  • VPS service from the broker in order to achieve minimal latency
  • Minimum spreads
  • Account with a partner program (Rebate Service)


Input parameters

  • Use Interface - enable the interface.
  • Мах Positions - maximum number of virtual orders in the memory.
  • Max Seconds Market - analyzed chunk of market in seconds.
  • High Corridor Max - the maximum value of the upper stop.
  • Low Corridor Max - the maximum value of the lower stop.
  • High Corridor Min - the minimum value of the upper stop.
  • Low Corridor Min - the minimum value of the lower stop.
  • High Sector Grid Zones - divide the sector of the upper stops by the specified number in order to make the stop variants.
  • Low Sector Grid Zones - divide the sector of the lower stops by the specified number in order to make the stop variants.
  • Max Deals To One Variant - maximum number of virtual orders in a section.
  • Min Deals To One Variant - minimum number of virtual orders in a section.
  • Init Trading - enable trading.
  • Trade Invert - invert trading.
  • Init Buy Trades - allow buying.
  • Init Sell Trades - allow selling.
  • Trade Just In Swap Direction - trade only in the direction of positive swaps.
  • Trade Just When No Orders - trade only when there are no open orders.
  • Close Control To Stops - enable closure by stops only.
  • Use Modification And Defense Close - enable modification of orders opened in the signal direction and closure of orders opposite to the signal.
  • Min Math Waiting To Open - minimum modulus of the expected value of the found sample for opening a position.
  • PFactor To Open Min - minimum relative profit factor for opening a position [ 0.0 ... 1.0 ].
  • PFactor To Open Max - maximum relative profit factor for opening a position [ 0.0 ... 1.0 ].
  • Init Mid Math Waiting Control - enable consideration of the modulus of the average expected value.
  • Invert Mid Math Waiting Control - invert the signal of the average expected value.
  • Mid Math Waiting - minimum value of the average expected value for opening a position.
  • Grid Using Percent - minimum percentage of the used variants of the stops grid considered in calculation for opening a position.
  • To Use Delay For Virtual Open In Minutes - use delay when opening virtual orders.
  • Delay For Virtual Open In Minutes - delay in minutes for opening virtual orders.
  • Trend Control Init - enable opening orders only in the direction of the current trend.
  • Trend Control Invert - invert opening by trend.
  • Use Just Zero Profits Or Non Zero Profits - use only the section variants with 100% profits of vice versa.
  • Use Both - use both variants of sections.
  • Use Fix Stop Loss - use fixed stop loss.
  • Use Fix Take Profit - use fixed take profit.
  • Stop Loss Points - fixed stop loss in points.
  • Take Profit Points - fixed take profit in points.
  • Slippage For Open In Points - slippage for opening orders, in points.
  • Slippage For Close In Points - slippage for closing orders, in points.
  • Lot (on disabled auto control) - lot size if the automatic control of the lot size is disabled.
  • Lot Auto Control - enable automatic control of the lot size.
  • Max Lose Percent - maximum loss percentage of the deposit per deal.
  • Spread Control Init - enable spread value control.
  • Max Spread - maximum allowed spread for opening a deal.
No reviews
Version 1.1 - 2017.03.14
1. Added the ability to trade only in the direction of positive swaps.
2. Added the ability to trade only when there are no open orders (for safe trading on multiple currency pairs simultaneously).
3. The best of the found sets has been applies as the basic parameters.