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EA Cypress

5

EA Cypress is an Expert Advisor for the EURUSD pair, which allows you to trade both in fully automatic mode and to accompany orders opened by the user. To do this, the chart provides buttons for switching modes and opening and closing orders. The recommended timeframe is M5. It enters the market based on the readings of the RSI and Stochastic indicators. Works with market Buy and Sell. It is not provided to work with all the funds, and some of the funds are left in reserve. The Expert Advisor displays information about open positions in two languages, Russian or English (set in the settings), as well as the account status and current profit.

Version for MT5 here: https://www.mql5.com/en/market/product/76667

Input settings

The EA works on both four and five-digit quotes. Parameters specified as 4 digits, the EA will count all 5-digit quotes.

  • Select Language-Select the language for displaying information on the chart
  • New Cycle-Enables/Disables a new trading cycle
  • Max Spread-Filter for the maximum allowed spread
  • Max Slippage - Maximum slippage for opening and closing orders. Increase it if your broker makes you slip or quotes come in very quickly
  • Allow BUY - Allow opening of buy orders
  • Allow SELL - Allow opening of sell orders
  • Reserve in % - The percentage of reserve funds that will not be used in trading
  • Use Autolot-true - Use Autolot; false - Do not use
  • Autolot Size - The amount of funds for calculating the autolot
  • Initial Lot - The initial lot for trading without using autolot. When autolot = true, it is used to calculate the autolot
  • Lot Multiplier - How much to multiply the next lot by
  • Variant Multiplier-Multiplier option: SumLot-multiply the sum of opposite orders; LastLot-multiply the last open lot.
  • Take Profit, pips - The number of points for the profit (we specify it as for 4 characters).
  • Max Open Orders BUY - The maximum number of orders in the market for BUY.
  • Max Open Orders SELL - The maximum number of orders in the market for SELL.
  • Max Open Orders TOTAL - The maximum number of orders in the market TOTAL.
  • Distance, pips - At what distance to open locking positions (specify as for 4 characters).
  • BE Orders Count - The number of orders in the market, after which the Expert Advisor will start to withdraw all positions to breakeven.
  • BE Profit, points - The number of points to withdraw positions to breakeven.
  • Close total if Profit, money - Close all positions if the profit on them has reached the specified value
  • Close total if Loss, money - Close all positions if the loss on them has reached the specified value
  • Auto-stop trading if close loss - Disable auto-trading if there was a loss closure
  • RSI Period - The Period of the RSI (Relative Strength Index) indicator.
  • UpLevel - The upper level stochastic for opening Sell orders.
  • DownLevel - The Lower level stochastic for opening Buy orders.
  • K-Period Stochastic - K-period of the Stochastic indicator.
  • D-Period Stochastic - D-period of the Stochastic indicator.
  • Slowing Stochastic-Deceleration of the Stochastic indicator.
  • Send push notifications - Send trade information to the terminal on your smartphone
  • Show info on the chart- if true-Show a block of information; false - Do not show.
  • Show Button Panels - Show or not the panels for opening and closing positions.
  • Draw TakeProfit Line-Draw a take profit line on the chart
  • Magic ID - The magic number of the positions


    Reviews 5
    akaziaa
    307
    akaziaa 2019.02.17 15:29 
     

    Awesome EA.

    Wolfgang Rockert
    2344
    Wolfgang Rockert 2019.01.29 09:03 
     

    Great EA, good Profit, but you have to know what you do....

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    beatbeaker
    484
    beatbeaker 2019.02.20 23:56 
     

    User didn't leave any comment to the rating

    akaziaa
    307
    akaziaa 2019.02.17 15:29 
     

    Awesome EA.

    Wolfgang Rockert
    2344
    Wolfgang Rockert 2019.01.29 09:03 
     

    Great EA, good Profit, but you have to know what you do....

    RobotGrail
    688
    RobotGrail 2019.01.15 15:48 
     

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    Evgeniy Mishustov
    64
    Evgeniy Mishustov 2019.01.06 17:01 
     

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    Reply to review
    Version 5.2 2022.01.11
    Added input settings:
    - Max Open Orders BUY - The maximum number of orders in the market for BUY.
    - Max Open Orders SELL - The maximum number of orders in the market for SELL.
    - Max Open Orders TOTAL - The maximum number of orders in the market TOTAL.
    - Close total if Profit, money - Close all positions if the profit on them has reached the specified value
    - Close total if Loss, money - Close all positions if the loss on them has reached the specified value(specify a negative value here if necessary)
    - Auto-stop trading if close loss - Disable auto-trading if there was a loss closure
    - Send push notifications - Send trade information to the terminal on your smartphone

    How to update?
    1. Wait until EA closes all transactions
    2. Update EA from the Market
    3. Configure EA as you wish or upload your set files and adjust the new settings
    Version 5.1 2021.06.25
    At the request of the moderators, the links in the Adviser's interface have been removed
    Version 5.0 2021.02.18
    The Expert Advisor is completely rewritten.
    Removed unnecessary features that did not justify themselves during long testing on real and demo accounts.
    A minimum of settings, only the most necessary.
    Version 4.7 2019.01.28
    Fixed a bug after the next update.
    Version 4.6 2019.01.27
    Fixed comments for orders.
    Version 4.5 2019.01.02
    1. Added news filter to ban trading during news release. For this function to work correctly, you must enable WebRequest and add the address: http://ec.forexprostools.com/ in the terminal settings on the "Expert Advisors" tab.

    2. Added the "Use OrderCloseBy Function" parameter. When enabled, which will close open positions with counter orders, which will save on spreads. Check with your broker if they support this feature. If your broker does not support this function, it is not recommended to enable it, because it can cause the terminal to freeze.

    3. Changed the default settings:
    - Use Autolot=False
    - Max Open Orders, one direction=3
    - BE Orders Count=2
    - BE Profit, points=1

    4. Added parameter Micro Account - To support trading on micro accounts.
    Version 2.15 2018.07.04
    1. Drwadown has been reduced due to improvements in the algorithm moving open positions to breakeven, after reaching the number of orders currently in the market as specified in the BE Orders Count parameter.
    2. Added new parameters for notifying order opening signals, for the Recovery mode.
    Version 2.0 2018.06.06
    Added new parameters:
    1. Variant Multiplier=SumLot;
    Two selectable options: SumLot - volume of the next counter order is calculated based on the sum of opposite orders, which provides the best way out of the drawdown. LastLot - the volume of the next counter order is calculated based on the volume of the last opened order.

    2. BE Orders Count=4; - the number of opened orders for the EA to start moving positions to breakeven with a take profit specified in the "BE Profit, points" parameter.

    3. BE Profit, points=10; - the number of points to move positions to breakeven. It helps in case of unforeseen situations in the market.

    4. Show Signal Arrows=TRUE; - show/hide signals from indicators on the chart as arrows. It is convenient when using the EA for semi-automatic trading in Recovery mode.