Perforation Modify MT4

One of the main goals in the development of this Expert Advisor was ease of use. As a result, this EA has a minimum of parameters, which are easy to understand. At the same time, it is very flexible and customizable for almost for any instrument (currency pair).


The logic

According to the given algorithm, the EA determines local support and resistance levels (at startup, the previous quotes are disregarded). When a candle closes beyond any level, a deal is opened in the same direction. By default, take profit and stop loss are set at a ratio of 1:1, but you can change this in the parameters, if necessary. The maximum number of simultaneously open deals is 3. This is a safety measure, which prevents opening a lot of deals against when it reverses. If the price breaks through the resistance level and continues to move in the same direction, the EA will monitor the formation of a new support level. If it is formed, the deal will be modified - stop loss will be moved closer to the support level. Such manipulation allows minimizing losses. You can also use the trailing stop settings to protect profitable deals. It is possible to filter deals using the ADX indicator.


Parameters

  • UseADX - if true, trade filtering is enabled; false - ADX is not used.
  • StartHour - hour to start working in the active mode.
  • StartMinute - minute to start working in the active mode.
  • StopHour, StopMinute - time to stop working and to switch to standby mode. For trading around the clock, set all parameters to 0.
  • TrailPoints - the number of points in profit to modify a deal.
  • SLTrail - the number of points for breakeven. Trailing will be triggered only when a new candle is formed.
  • NoModSell - when set to true, open sell deals will not be modified when a new support level is formed. If set to false, there are no restrictions on the modification.
  • NoModBuy - the same logic as in the previous parameter. Only for buy deals.
  • Intellect - allow the EA to automatically make decisions on the modification of deals. Set to true to activate, set it to false to disable. In most cases, the use of this parameter has a good effect.
  • ProfitPlus - the stop loss and take profit are set a ratio of 1:1 by default. This parameter allows increasing the take profit value by the specified number of points relative to stop loss.
  • Lot - volume for every deal. The volume is fixed.

I hope you will agree that it is quite easy to understand these parameters.

Please note that quotes of different brokers may vary. So the results can be different.

Be sure to test, combine the parameters, optimize before use and the results will not keep you waiting.

Have a happy trading.

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Big Forex Players MT4
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4.73 (44)
Experts
We proudly present our cutting-edge robot, the  Big Forex Players EA  designed to maximize your trading potential, minimize emotional trading, and make smarter decisions powered by cutting-edge technology. The whole system in this EA took us many months to build, and then we spent a lot of time testing it. This unique EA includes three distinct strategies that can be used independently or in together. The robot receives the positions of the  biggest Banks  (positions are sent from our database t
Quantum Emperor MT4
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4.85 (172)
Experts
Introducing   Quantum Emperor EA , the groundbreaking MQL5 expert advisor that's transforming the way you trade the prestigious GBPUSD pair! Developed by a team of experienced traders with trading experience of over 13 years. IMPORTANT! After the purchase please send me a private message to receive the installation manual and the setup instructions. ***Buy Quantum Emperor EA and you could get Quantum StarMan for free !*** Ask in private for more details Verified Signal:   Click Here MT5 Versi
Pattie Breakout ORB EA
Patrick Jeannot
4.75 (4)
Experts
Pattie Opening Range Breakout (ORB) is a range of price variation, which for each session, it generates a combination of support and resistance levels, positioning itself in favor of breaking out of the bands, when it is exceeded on the upside is a signal to buy or enter long and when it is exceeded on the downside it is a signal to sell or enter short. Pattie Break Out  EA  is a specialized trading tool designed to automate  time session-based breakouts . The EA operates by drawing a price rang
Quantum Dark Gold
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Experts
Quantum strategy is a combination of quantum superposition and trading signal model. EA Quantum Dark Gold determines Buy and Sell positions simultaneously for each signal and simultaneously places 2 orders Buy Stop and Sell Stop. Then the momentum determines which order position is executed and cancels the remaining pending order. This interesting idea forms the Quantum Dark Gold with a unique entry method. Open positions are then managed by Trailing, Stop Loss and position balancing strategies
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