Market / MetaTrader 4 / Experts /

SimpleEA

30 USD

Demo downloaded: 164

Published: 24 August 2017

Current version: 1.9

SimpleEA

Experts
Ivaylo Petkov
Version: 1.9
Updated: 6 September 2017
Activations: 5

SimpleEA is an automated Expert Advisor based on candle pattern for EURCHF. The EA does not use indicators. The entry is based on this unique pattern and the EA automatically close the position on specific spot. Option is added to manually add TP and SL levels, but that is not needed. This pair is chosen due to the range it follow and this EA require a Broker with average spread on EURCHF up to 1 pip.

WARNING: Please note, the below results are with EA auto TP and no SL. This EA may be risky, please consider it is your responsibility and take only the risk you can afford. To reduce the risk please use a stop loss from 100 pips or above.

Advantages

Dynamic profit fixing algorithm;
Money management system;
No martingale, no grid, no arbitrage;
Indicators are not used;

Requirements

Platform - MT4;
Symbol - EURCHF;
Time frame - M5, M15, H1;
Account - ECN or other with spread up to 1 pip;

Input parameters

AutoLot - fixed trading lot if = false;
Risk - this is the risk per each initial trade;
FixedLot - if this parameter = 0, trading lot recalculation based on Risk parameter;
TotalAcceptedRiskPercent - risk per entire account, %;
StopLoss - if this parameter is = 0, the EA will only close on profit. If SL is set, must be 100 pips or above;
TakeProfit - if this parameter = 0, the EA will auto close on suggested profit;
TakeProfitPipsFromBar4Open - if this is = 0, the EA will close at automatically suggested level;
TakeProfitMinPips- minimum profit, in points;
CheckWithLeg1Close - value can be true or false, affect the signal for opening position;
DelayEntry - value can be true or false, affect the signal for opening position;
Trailing - enable or disable Trailing;
TimeFilter - enable or disable time frame for trading;

Recommended Input parameters for H1 are in the screenshots section.

Feel free to contact me if you have any questions.

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Version 1.9 2017.09.06

For the ease of the users, we have set the recommended input parameters in the EA, so that they can just start the test. Suggested set parameters are for H1 chart.