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Flying Saucer

Flying Saucer is an automatic Expert Advisor using two time frames to analyzes market movement. H1 time frame for major trend and M15 for minor trend. This EA works by detecting highest and lowest market swing with help some candlestick formations to send orders.

This robot is created especially for M15 time frame, also can be used for another time frames but not recommended. It also has averaging feature based on nearest swing prices to capture retrace movement, and martingale lot size, but it can be turned on/off as well.


Input Parameters

  • Expert Name - EA name and trades comment.
  • Magic Number - EA identification number to identify trades.
  • Fixed Lot Size - Fixed lot size.
  • Activate Auto Lot Size - True if you want to activate auto lot size calculation.
  • Auto Lot Risk - risk calculation to calculate auto lot size.
  • Stop Loss - Stop Loss.
  • Trailing Start - Pip distance to trigger trailing order.
  • Slippage - slippage.
  • Max Spread Allowed - if spread goes higher than this value, EA won't trade and delete all pending orders. 
  • Averaging - Options to On/Off averaging strategy. 
  • Averaging Lot Multiplier - Lot Martingale Multiplier for next recovery orders. 


Recommendations

  • Low spread.
  • Low commissions.
  • Account leverage at least 1:200
  • 24/7 VPS hosting with low latency.
 
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