• Overview
  • Reviews
  • Comments (2)
  • What's new

Knot of The Ring

Knot of The Ring is an Expert Advisor based on a unique triangular correlation. Different from other triangular correlation strategy at common, it uses knot/node of triple symbol as a pioneer to attack the market. After that if it is contrary to market direction, it will use the two other symbols to safe it. There are 3 layers of rings to give safety.

Of course you can use other knot symbol to form your other rings. For example this EA is using EURUSD pair as knot symbol. For symbols of Ring 1 EURAUD and AUDUSD are used, symbols of Ring 2 are EURGBP and GBPUSD and symbols of Ring 3 are EURJPY and USDJPY.

The other power of this EA are profit target and distance of rings in percentage term, together with whole strategy, hope will give the confidence to trade.

You can adjust importance parameters by perform optimization periodically. These parameters are : Percent of free margin for a deal, Target profit in percentage money, Distance of rings in percentage money and Time frame. To perform optimization test faster you must do it using 1 minute OHLC test.

To use this EA you should attach it on one chart only with any time frame and no need to open the others.


Input parameters

---------- GENERAL INFO ----------

  • Expert Name - name of this EA
  • Expert version - version of this EA
  • Expert Developer - developer name
  • Expert Setup - explanation to attach this EA on a chart

---------- GENERAL SETTING ----------

  • Money management - use auto lots calculation
  • Percent of free margin for a deal - risk based on account balance to calculate lots
  • Volume in Lots if money management false - fix lots if money management is set to false
  • Initial balance to control target profit/loss, if 0 mean using current balance - control account profit/loss if target equity or minimum equity option is activated
  • Target profit in percentage money, if 0 not used - if this target reached, the EA will close position
  • Distance of Ring 1 in percentage money, if 0 not used - if this ring reached, the symbols of ring 1 will be open position
  • Distance of Ring 2 in percentage money, if 0 not used - if this ring reached, the symbols of ring 2 will be open position
  • Distance of Ring 3 in percentage money, if 0 not used - if this ring reached, the symbols of ring 3 will be open 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
  • Magic Number - magic number

---------- SPECIFIC SETTING ----------

  • Time frame - time frame

--------- KNOT OF THE RING ---------

  • Symbol of Knot - symbol of knot

---------------- RING 1 ----------------

  • Symbol 1 of Ring 1 - first symbol of Ring 1
  • Symbol 2 of Ring 1 - second symbol of Ring 1

---------------- RING 2 ----------------

  • Symbol 1 of Ring 2 - first symbol of Ring 2
  • Symbol 2 of Ring 2 - second symbol of Ring 2

---------------- RING 3 ----------------

  • Symbol 1 of Ring 3 - first symbol of Ring 3
  • Symbol 2 of Ring 3 - Second symbol of Ring 3
No reviews
Version 1.11 - 2017.07.27
- Added graphical display
- Added close button
- Fixed some bugs related to close all at target profit reached