SoSo is an ordinary Expert Advisor based common indicators (ZigZag, CCI, DeMarker and Bollinger Bands). Thus indicators show oscillation of market that can be used to enter market.
The main strategy is buy at low and sell at high with opening additional deals if a signal in the same direction comes. Repeating new orders can be limited by 'maximum deals allowed' in EA setting. Otherwise if an opposite signal comes, the position will be closed.
To lock profit or limit loss, you can activate Target equity and/or Minimum equity in percentage of deposit in the EA parameters.
This EA is optimized for EURUSD, but you can use it for other instruments by doing optimization first. You can adjust important parameters (maximum deals allowed, timeframe used, and all indicator parameters) by performing optimization periodically using "Every tick based on real ticks" to get precise results or "Open prices only" to get faster results.
To use this EA you should attach it on appropriate chart with any time frame.
- Expert Name - name of this EA
- Expert Version - version of this EA
- Expert Developer - developer name
- Magic Number - magic number
- Money management (true or false) - use auto lots calculation
- Risk in percentage terms - risk based on account balance to calculate lots
- Volume in lots if money management false - fix lots if money management is set to false
- Target profit in percentage money, if 0 not used - if this target is reached, the EA will close position
- Target loss in percentage money, if 0 not used - if this target is reached, the EA will close position
- Restart trade if one of Target is reached (true or false) - if set to true, the EA will restart a trade after the target profit is reached
- Maximum deal allowed each position
- ExtDepth of ZigZag
- ExtDeviation of ZigZag
- ExtBackstep of ZigZag
- CCI period
- DeMarker period
- Bollinger Bands period
- Bollinger Bands shift
- Bollinger Bands deviation
- Display - use graphical panel display or not
- Header background colour - color of header background
- Background colour - color of background
- Text colour - color of text
- Account profit text colour - color of profit text
- Account loss text colour - color of loss text
- Improved display