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Yellow Free

4.12

Greetings!

My new products, trading signals and promos can be found here: https://www.mql5.com/en/users/alcad83

Add me to friends and get profit from Forex trading!

The free version of the Yellow Expert Advisor works based on short-term changes in the trend, creating the price "corridor" set in the parameters. Trading is carried out at the external borders of this corridor by opening positions in different directions with different lot sizes.


Version of the Expert Advisor for MetaTrader5.


The strategy is simple, but effective. With adequate money management, the probability of stable earnings is very high.


Features of free version of Yellow EA:

  1. Number of market entry points is limited.
  2. Deposit load reduction by closing the previous position before opening a new one is disabled. Higher free margin requirements.
  3. There is no possibility of manually opening positions.


Robots for night trading: Silent Master EA and Fair EA

StopLoss can be optionally set in parameters by user.



Yellow is intended for trading any currency pair on H1 timeframe.

Not martingale, not arbitrage.



Parameters

  • EAMagic - the magic number of the EA. Must have different values for every chart.
  • AutoLot - can be set to true or false. If true, the EA selects the initial lot size for trading depending on the balance value.
  • Lots - initial lot size is set by a user, if the value of AutoLot is false.
  • Risk - percentage of the deposit used for the automatic calculation of the lot.
  • MaxLotSize - maximal allowed trading lot. Change this parameter only if you really understand what you're doing.
  • DD - maximum allowed drawdown. If reached, all positions on the symbol will be closed. To continue trading on that symbol its EAMagic parameter must be changed.
  • CommentOfOrder - comment to orders. Can take any value.
  • TakeProfitInPoints - take profit in points.
  • StopLoss - stop loss value in points. If StopLoss=0, stop loss is not used in trading.
  • TrailingStop - trailing stop in points.
  • ZeroPositions - if true, the EA opens positions only if there are no other open positions on the trading account.
  • LotMult2way - lot multiplier for the next opened position.
  • AutoPriceCorridor - if "true", the EA automatically determines the MaxPriceCorridor parameter.
  • MaxPriceCorridor - value of the price corridor in points for Yellow to open positions, if AutoPriceCorridor=false.
  • PipsOfIncrement - expansion of the price corridor when exiting an unprofitable position.
  • StartHour - hour to start trading.
  • EndHour - hour to stop trading.
  • TradeOnFridays - can be set to true or false. If true, the EA will open trades on fridays.
  • SaveDeposit - if "true", the EA will close order series with minimal profit ignoring TakeProfitInPoints parameter.
  • SafeMode - if "false", built in trend filter will be turned OFF. In that case it's recommended to use TrailingStop.
  • QuotesMult - multiplier for parameters, depending on the number of digits in symbol's quotes. For 5 digits in EURUSD quotes, for example, the value of this parameter should be 10. For 4 digits in EURUSD quotes, the value of this parameter should be 1. For metals and other instruments the value of this parameter must be selected individually for your broker.
  • ShowInfoPanel - if "true", the information panel will be displayed on the chart of the traded pair.
  • Panel_Language - language of the information panel.
  • TextColor - font color of the information panel.

Recommended settings are set by default.

Recommended broker - any.

Minimal recommended deposit - $300 for cent account (30000 cents) and lot 0.1. Account leverage - from 1:400 and higher.

Important! If there are open positions on your trading account, do not interfere with the Expert Advisor! The consequences can be unpredictable!

If you want to test the Expert Advisor in the Strategy Tester, do it only in "Every tick" mode!

For the correct operation of the EA, the currency pair history for the H1 and D1 timeframe should be downloaded to the terminal.

Parameters are set as for 4-digits servers. They will be automatically recalculated for 5-digits servers.

Once a month it's recommended to check that account history (history of previous trades) is downloaded to MT4 terminal. It's important.




Reviews 20
MattyTrading
2281
MattyTrading 2024.03.03 00:11 
 

Éste Robot es muy bueno, requiere un buen Broker cuenta RAW y un VPS veloz. Su DD es muy bueno. Gracias por crear éste Robot

Arham Sutton
46
Arham Sutton 2020.11.12 08:03 
 

Good EA!

Babak Alamdar
3598
Babak Alamdar 2020.10.28 06:53 
 

The Author is a Genius with no doubt!

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MattyTrading
2281
MattyTrading 2024.03.03 00:11 
 

Éste Robot es muy bueno, requiere un buen Broker cuenta RAW y un VPS veloz. Su DD es muy bueno. Gracias por crear éste Robot

Miguel Jimenez Cordero
6764
Miguel Jimenez Cordero 2021.04.03 13:19 
 

Good job.

Satish Kumar Saini
261
Satish Kumar Saini 2021.01.17 10:29 
 

Not trading on MT4 Account since more than a week installed

Evgeniy Machok
55097
Reply from developer Evgeniy Machok 2021.01.17 10:36
Yes, sometimes it's possible. That's why the EA has to work on several currency pairs.
Lucas_Investment
778
Lucas_Investment 2020.11.23 18:57 
 

Not very much professional bot,bug like a simple chart panel that won't be removed if enabled when the bot itself removed from chart...annoying and would be an easy fix! thus a dangerous system with a risk reward that is clearly not worth anything!

Evgeniy Machok
55097
Reply from developer Evgeniy Machok 2021.01.17 10:33
Thanks for your respective opinion.
Arham Sutton
46
Arham Sutton 2020.11.12 08:03 
 

Good EA!

Babak Alamdar
3598
Babak Alamdar 2020.10.28 06:53 
 

The Author is a Genius with no doubt!

Kair Spairol
38
Kair Spairol 2020.10.15 15:05 
 

Good one.

Joleo Sagdullas
797
Joleo Sagdullas 2020.09.23 20:25 
 

Good EA strategy producing quick profits. Thanks.

Yury Zaikouski
1836
Yury Zaikouski 2020.09.15 08:41 
 

((((

Guo Zhen Wang
219
Guo Zhen Wang 2020.08.09 05:42 
 

User didn't leave any comment to the rating

Swar.S
89
Swar.S 2020.07.11 19:21 
 

User didn't leave any comment to the rating

Fernando F. Souto
524
Fernando F. Souto 2020.05.31 05:39 
 

User didn't leave any comment to the rating

Ivan Bebikov
9006
Ivan Bebikov 2020.05.13 18:18 
 

Good for free

Eduard_09
44
Eduard_09 2020.03.23 00:04 
 

He is not a good expert. Backtest tick by tick are not good. It is very risky.

[Deleted] 2020.01.19 09:10 
 

User didn't leave any comment to the rating

Trader con experiencia
107
Trader con experiencia 2020.01.18 19:17 
 

very good EA, do not be fooled by expensive EAs, more than 100 or 200 dollars in the price means that the EA is a scam, people who have been in mql5 for a long time as I have seen super expensive EA in the first positions of popularity, with super good reviews, then a few months after burning the accounts, they are no longer seen in the market, then another one appears and the cycle is repeated, earning more for the sales of the EAs than for what the EA can generate in profits In an account, if you want to make profits with EA you have to buy from solid developers who have been trying to improve their EAs for years with good support and offering them at a reasonable price and last for years, because the market is changing, but they are trying to renew it and update it all the time so that it adapts to the market so we can offer it cheaper to generate more sales. what happens with the extremely expensive EAs is that they receive their payment and they don't care if in a few months the EA doesn't work

RDI
1482
RDI 2020.01.16 19:19 
 

Thanks for free Trial!

Vasiliy Strukov
210826
Vasiliy Strukov 2019.11.24 19:25 
 

Intresting

valhs
1852
valhs 2019.11.20 22:26 
 

AutoLot = false, Lots = 0.01 - creates e.g. 0.06, sometimes trapped in position battling with sell and buy martingale for weeks - no scalping

ahmed124
61
ahmed124 2019.11.04 18:12 
 

I am just leaving a review for the EA not the strategy. This strategy is known.

It's too much lot to just win pennies. Risk reward is not worth it but the EA is working fine.

Reply to review
Version 8.5 2021.07.20
The code was optimized.
Full version of the robot got an opportunity of manual trading.
Version 8.4 2020.02.22
QuotesMult parameter was added. It gives an opportunity of trading on metals and CFDs.
Version 8.3 2019.11.07
Parameter SafeMode was added - it turns ON/OFF built in trend filter.
If SafeMode=false, it's recommended to use TrailingStop.
Version 8.2 2019.11.02
1. A lot of restrictions have been removed.
2. Overview has been changed.
3. New video guide.
Version 7.8 2019.09.06
1. Code was optimized.
2. Possibility to select trading time was added.
3. Protection from long-term execution of orders by broker was implemented .
Version 7.7 2018.11.17
Code was optimized for new versions of MT4.
Version 7.6 2018.10.14
Possibility of trading on DJI was added.
Version 7.5 2018.09.29
SafeMode parameter was added.
If SafeMode=false, the EA turns off additional filter and opens trades like version 7.2
Version 7.4 2018.09.24
Code was optimized.
Version 7.3 2018.09.19
New filter for order opening was added.

ATTENTION!
For correct trading you need to download H1 and D1 history to your terminal.
Version 7.2 2018.05.24
Added the ability to trade with other experts at the same time.
Version 7.1 2018.05.04
Second block of strategies is now available (as in paid version of Yellow EA).
ATTENTION! Working timeframe was changed to M5.
Version 6.0 2018.04.18
Fixed MaxPriceCorridor parameter.
Version 4.0 2018.04.06
Added the ability to trade on 4-digit quotes.
Version 3.0 2018.03.20
1. Optimized the code.
2. Added the ability to increase the lot with small multipliers (1.05, 1.1...).
Version 2.0 2018.02.14
Code was optimized for slow servers.