• Overview
  • Reviews (17)
  • Comments (26)
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True Range

TRUE RANGE © EA is an automatic scalping system with a double protection of account funds for daily trading. 

True Range © EA uses unique built-in systems:

  • Daily trading;
  • MATR - Modified ATR;
  • Spread control; 
  • Overlap - overlapping of unprofitable orders with profitable ones;
  • DDStop - loss control system;
  • Progression system - arithmetic/geometric progression for the grid of orders (if necessary); 
  • Autolot system - calculating the start order depending on the account balance.

MQL5 signal  https://www.mql5.com/en/signals/543025

Settings, Myfxbook & Signalstart https://www.mql5.com/en/blogs/post/726783


Recommendations:

  • ECN account 1:500
  • Fast VPS
  • Timeframes: EURUSD M5
  • Min Deposit: $300-500/0.01l

Input parameters:

  • MagicId - unique number of the EA;
  • MaxSpread - maximum value of the spread for opening/closing orders;
  • MaxNumber - maximum number of orders for each direction;
  • MaxLot - max lot for each order;
  • MainLot - first order volume;
  • OpenOnBar - opening orders at the opening of a new candle (true) or when a given Grid level is reached (false);
  • CloseOnBar - closing orders at the opening of a new candle (true) or just when a given Takeprofit level is reached (false);
  • Start Hour, End Hour - time interval for opening first order;
  • Friday End Hour - the end time of opening first order on Friday;
  • Close Hour - closes all orders at selected hour (disabled if Close Hour<=End Hour)
  • RSI Period;
  • RSI Level - RSI upper level;
  • A Period - ATR period;
  • A Count - ATR depth;
  • A Factor (%) - ATR level;
  • Mode - the mode of calculating the lot value of the first order of the series:
    • ManualLot - the lot value of the first order in each new series corresponds to the value of MainLot;
    • AutoLot - the lot size of the first order multiply increases, based on the ratio of the size of the account funds and AutoLotSize.
  • AutoLotSize - amount of balance funds for each value of MainLot;
  • Progress - type of progression:
    • Arith - arithmetic;
    • Geo - geometric;
  • ArithFactor (Mode=Arith) - progression value;
  • GeoFactor (Mode=Geo) - progression value;
  • Grid (points) - the distance between orders;
  • Virtual Takeprofit (points) - Virtual Takeprofit
  • Takeprofit (points) - takeprofit level;
  • Stoploss (points) - stoploss level for each order;
  • Overlap - enable / disable the overlapping of the first losing order with the last profitable with a profit of OverlapPercent percent; 
  • OverlapNumber - order number, starting from which it is possible to overlap orders;
  • OverlapPercent - profit from the last order when it overlaps the first unprofitable;
  • DDStop - the mode of closing all orders for the current instrument when the specified drawdown level of DDStopValue is reached:
    • None - the mode is off;
    • Currency - drawdown in the deposit currency;
    • Percent - drawdown as a percentage of the balace;
  • DDStopValue - currency units (DDStop=Currency), % of account balance (DDStop=Percent)
  • NewCycle - enable/disable a new series after reaching take profit;
  • ShowInfo - enable/disable information panel, breakeven and take profit levels (disable to increase the speed of optimization);
  • UpColor - color of the buy series;
  • DnColor - color of the sell series;

All products https://www.mql5.com/ru/users/quattordici/seller

Bob83
159
Bob83 2019.10.18 07:39 
 

Everything is simple. Bought it, launched it on eurusd, get 5-10% per month.

nn245354
162
nn245354 2019.07.19 14:21 
 

Works fine. 5 stars

Michael Stone
56
Michael Stone 2019.07.11 15:56 
 

Good work! Have a lot of developer's eas

William Barou
152
William Barou 2019.07.07 18:43 
 

User didn't leave any comment to the rating

Trader con experiencia
77
Trader con experiencia 2019.06.24 19:29 
 

I have a lot of losses with 0.01, the Ea is not ready for a trend market and when this happens, your account may go bankrupt , a lot of loss :(

Damon M
142
Damon M 2019.06.18 15:35 
 

Top! Stable daily trades with 1% profit

Alik
382
Alik 2019.06.15 20:49 
 

User didn't leave any comment to the rating

ManuBoss
100
ManuBoss 2019.06.12 18:49 
 

It's really profitable!

Duy Le
825
Duy Le 2019.06.11 09:47 
 

Good in demo!

Matthew Todorovski
12735
Matthew Todorovski 2019.06.10 02:04 
 

Real monitoring account: 5 Stars!

Positive user reviews: 5 Stars!

Developer engagement: 5 Stars!

Affordable price: 5 Stars!

Looks promising! I have purchased and await my own results now.

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UPDATE: 14/06/2019

Works much better than 99% of much more expensive EAs!

This EA is working well on Demo, and Live is showing promise too!

Truly, the developer is making money from trading and not from selling!

Definitely worth more than 5 Stars!

FredNYC
129
FredNYC 2019.05.31 19:05 
 

A first month was good for me

Vladimir Vorobiev
194
Vladimir Vorobiev 2019.05.29 00:50 
 

User didn't leave any comment to the rating

ahmedmuss
31
ahmedmuss 2019.05.25 12:17 
 

Very good. Stable profits, low drawdowns.

Ahmed Sarıkaya
545
Ahmed Sarıkaya 2019.05.10 17:22 
 

Thanks Aleksei. For one week, profit.

AurelianoV
514
AurelianoV 2019.05.07 07:40 
 

Чувствуется, что добротный продукт получился. Хотелось бы от автора получить комлект настроек, как в другом его продукте - траффик про.

Apmdept
131
Apmdept 2019.05.06 20:50 
 

Спасибо за бесплатную раздачу! Оценку поставлю после начала использования.

Upd 24.05.19 торгует чаще, чем трафик, практически каждый день, просадки минимальные

4core
252
4core 2019.05.06 19:14 
 

Третий робот от Алексея. После переписки с автором сразу поставил на реальный счёт и все сделки по евродоллару закрылись с профитом. Пока доволен

Version 2.0 2019.09.05
Added
Virtual Takeprofit