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MTree

This Expert Advisor trades following the trend and price movement. It opens positions and manages them until they are closed with a profit or hit stop loss

This Expert Advisor uses 4 (four) strategies that are based on indicators such as Heikin Ashi, Bollinger Bands, Exponential Moving Average, and ATR. So it can open three positions and sometimes it will have a hedge position.

It does not use strategies like martingale, position averaging, etc.

All positions are opened with fixed Stop Loss levels and a Maximum Stop Loss.

The main currency pair: GBPUSD

Timeframe: 1 Hour


Indicator Parameters

  • LotSize - Initial lot size
  • StopLoss - Stop loss value in pips
  • MaxStopLoss - Max amount of stop loss value in pips (there is a strategy which is using this maximum stop loss parameter instead of the StopLoss parameter)
  • MaxSlippage - Max amount of slippage
  • SupportECNBrokers - Enable support of ECN brokers
  • DisplayInfoPanel - Enable display info panel on chart
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Version 4.1 2018.04.25
Updated V4.0

- Added one new strategy on the Expert Advisor
- Added Parameter MaxStopLoss (this is the maximum stoploss for the new added strategy on v4.0 because StopLoss parameter don't work on this new strategy)
- Fixed the wrong comment
- Fixed one of the strategies on the previous version, which couldn't find the exit target