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Cobalt

Fully automatic universal Expert Advisor that can work with any currency pair.

Operation on EURUSD (profit in points) can be seen here: https://www.mql5.com/en/signals/435729

Operation on EURUSD (profit in currency) can be seen here: https://www.mql5.com/en/signals/435808

With the default setting, the EA easily passed tests on: EURUSD, EURAUD, EURGBP, GBPCHF, USDJPY, AUDUSD,

both with profit in points and in the deposit currency.

Optimization can be used to select the parameters for other currency pairs.

It is possible to work in cycles (trading is stopped after all positions are closed).

Profit can be set both in points and in the deposit currency.

Period of the chart does not matter, but I prefer observing the trade on the M15 chart.

Since the EA performs quite complicated calculations, it is recommended to test and optimize it using the models:

Control points, the result is close to the Every tick model.


Input parameters

  • DIRECTION_OF_TRADE - trading direction
    • ALL - Long & Short
    • BUY - Long
    • SELL - Short
  • TRADE_CYCLES - trading method
    • TRADE - non-stop trading
    • CYCLES - trading in cycles
    • STOP - no trading
  • OPTION_PROFIT - units for profit calculation
    • POINTS - points
    • CURRENCY - deposit currency
  • TAKE_PROFIT_PIPS - profit
  • MIN_PIPS - the minimum distance between orders
  • ORIGINAL_LOT - initial lot
  • PLUS_SIZE_LOT - increment for the next lot
  • MAX_SIZE_LOT - the maximum allowed lot
  • PERIOD_OF_BAR - update bar, where the next position can be opened
  • PERIOD_INDICATORS - period of indicators
  • MAGIC_NUMBER - magic number of positions
  • SLIPPAGE - price slippage
  • USE_A_SOUND - use sound signals

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