• Overview
  • Reviews
  • Comments

Evil Rabbit

This Expert Advisor calculates the dynamic support and resistance levels, which are constantly changing depending on the indicator values. As soon as the price touches one of the levels, the robot places a breakout pending order in the direction opposite to the price. In case the price does not immediately bounce off a strong level and moves further, the pending order will follow the price at a certain distance until it triggers or expires.


Parameters

  • AStoploss - a drop down list of available functions for placing stop orders:
    • SL_Pips - in points;
    • SL_Candles - by candles;
    • SL_Parabolic - using Parabolic SAR;
    • SL_Moving - using Moving Average;
    • SL_Bollinger - using Bollinger Bands.
  • Period_Candles - operation period of the indicators, which are used for setting protective stop orders;
  • MM - automated money management;
  • Lot - lot size if the auto money management is disabled;
  • RiskPercent - risk % for auto money management;
  • Slippage - permissible slippage;
  • MaxSpread - allowable spread value (if the current spread exceeds this value, the EA will delete pending orders and will stop trading for a while until spread is reduced);
  • StopLossPercentage - distance to the protective stop order as a percentage of the deposit;
  • StopLoss - minimum stop loss distance;
  • StopLossAll - stop loss as a percentage of the deposit, when reached, all orders on the chart are force closed;
  • TakeProfitPercentage - distance to take profit as a percentage of the deposit;
  • TakeProfit - minimum distance to take profit;
  • Experation - expiration time of pending orders;
  • ModifyOrder - drop-down list for selecting the modification mode for pending orders:
    • ModifyOFF - disable modification completely (once placed, the pending orders are not modified before they trigger or expire);
    • AModifyON - once placed, the pending order always follows the price, and if necessary, steps back in search of the best price for triggering;
    • CModifyON - once placed, the pending order always follows the price without stepping back;
    • DModifyON - once placed, the pending order always steps back in search of the best price for triggering.
  • TrailStart - trailing stop;
  • TrailStep - trailing step;
  • NoLoss - breakeven;
  • MinProfitNoLoss - profit for the breakeven function;
  • VirtualTrail - virtual trailing, invisible to the broker;
  • Step - distance to place pending orders;
  • Power - trend strength;
  • TurboStart - indicator calculation period;
  • TotalTop - if greater than 0, then, along with opening an order, the robot places a grid of pending orders in the direction of the first order. The number of orders placed is specified in this parameter (disabled by default);
  • StepTop - distance between pending orders;
  • Multiplication - order volume multiplier;
  • UseTime - enable trading by time;
  • BeginTime - trading start time;
  • EndTime - trading end time;
  • CloseTimeFriday - finish trading on Friday;
  • Comments - show info on chart;
  • Magic - identifier of orders;


Recommendations

  • Instant order execution - ECN (with minimum spread, commission and slippage);
  • Uninterrupted connection to the server - VPS (with minimal network latency);
  • Currency pairs - EURUSD, GBPUSD, USDJPY, USDCHF, EURJPY, EURGBP, EURCHF (this is not an exhaustive list of the currency pairs the EA is able to work with, other pairs can be applied at your own discretion based on testing results). Of all the recommended pairs, it is best to use pairs with the smallest spreads. The default settings may not apply to all pairs. Before running the EA on a particular pair, it is necessary to test it with a testing quality of at least 99.00% and optimize if necessary. You should mainly optimize the Step, TurboStart and StopLoss parameters);
  • Chart timeframe - H1.
  • Forex trading is associated with high risks. Due to this, mentally unstable people are strongly advised not to risk money in this field.
No reviews