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EA Arrows Low High

EA Arrows Low High is a universal expert Advisor for any currency pair and for any trading period, created on the basis of the Arrows Low High indicator of the same name: https://www.mql5.com/ru/market/product/43999


By default, EA Arrows Low High enters the market on the signals of the Arrows Low High indicator and closes positions either on the TP, SL levels or on the percentage of the account balance.

The EA has a module "Magic Grid", when enabled, the EA can accompany an open order building a grid for it and display all positions in profit, with a different TP level.

For greater security of trading, the EA has a built-in module "Recovery System", to restore orders after a certain percentage of drawdown (configured in the settings F7).
This module is designed to restore unprofitable positions and reduce drawdown on the account. The EA locates unprofitable positions, splits them into many small parts, and closes each of them separately.

After all unprofitable positions are closed, the main trading algorithm configured by the user will be activated.

IMPORTANT: during the recovery, you can get a large drawdown if you set large volumes for restoring orders. You should have a good stock of Deposit to recover.


The EA is so versatile and has many settings that it can be applied to almost any trading conditions. By changing the parameters, you can create your own unique strategy.

You can trade it both fully automatic and semi-automatic. To do this, the EA creates buttons on the chart to open and close orders manually, indicating the volume of trade separately for each direction.

The EA also provides work with breakeven levels and trailing.

The default settings are calculated for a Deposit of $ 200, EURUSD currency pair, H1 timeframe.

For other currency pairs and other trading periods, the settings must be selected individually.

See the description of the EA settings here: https://www.mql5.com/en/market/product/44005#!tab=comments&page=1&comment=14027719

Example of a set file for a Deposit of 500 usd with the recovery system enabled: https://www.mql5.com/ru/market/product/44005#!tab=comments&page=1&comment=14039217


Reviews 3
M09
134
M09 2019.11.27 10:12 
 

Versatile EA, I like those options with recovery function

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*****IT IS VERY IMPORTANT THAT YOU HAVE DOWNLOADED  FROM HISTORY CENTER ALL DATABASE FROM 1minute AND 1h BEFORE TESTING !!!!!***** OFFER: Buy one of the Gold Stallion or Gold Kangaroo or Unstoppable AND GET ONE MORE FOR FREE from the rest of my products .!!! INTRODUCTION This is my second EA with artificial intelligent coding that trades ON GOLD. A new LIVE signal can be found HERE as the previous in Pepperstone has stopped working due to new rules of changing leverage at 1:20 for EU
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EA Follow the Price
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Oleg Pavlenko
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Filter:
Natasha Diedericks
4348
Natasha Diedericks 2020.07.07 19:41 
 

Have not tried it yet. Will test.

RobotGrail
522
RobotGrail 2019.12.08 11:12 
 

User didn't leave any comment to the rating

M09
134
M09 2019.11.27 10:12 
 

Versatile EA, I like those options with recovery function

Reply to review
Version 2.41 2020.01.12
1. Added the Delete TP SL parameter to the RECOVERY SYSTEM section. Sometimes it is possible to calculate and set the TP and / or SL levels in order for recovery to occur faster. To do this, disable the removal of TP and SL levels in the EA: Delete TP SL = False
2. Some parts of the EA code have been optimized.
Version 2.38 2019.12.19
1. Added new parameters to the "Additional parameters of the closure" section"
a. Close All on reverse-Close all positions on a counter signal
b. Profit Check Before Closing to Check the profit before closing
c. Minimum Profit for Closing, point - Minimum profit in points for closing

2. The "Average Magic Grid" parameter has been added to the "MAGIC GRID" section, which allows averaging orders in the magic grid or setting TP only for the first and last orders.

3. Changed the parameter "Max Distance for MG Orders" - if set to = 0, the EA will calculate the distance between orders in the magic grid automatically, based on the daily volatility of the previous day.

4. Optimized the volume of restoring orders and part of the closing when restoring if the parameters "Recovery Lot" and "Lot for Part Close" set = 0
It is necessary to take into account the fact that in automatic calculations the minimum Deposit must be more than 1000 USD.
Version 2.20 2019.12.05
1. Added parameters that allow you to determine how to use Trailing and Breakeven, i.e. the calculation will be carried out either from the opening price of the order or from the breakeven level of the order. Relevant for accounts on which Commission and swaps are taken.
2. Optimized setting the Stop Loss level in automatic mode (Stop Loss = 0), the levels of the minimum/maximum of the previous day. If the levels of the previous day do not allow you to set a Stop Loss, the levels of the current day will be taken.
3. The default settings are set for a Deposit of 200 USD, with trailing enabled, transfer to breakeven and work with the Magic Grid.
4. Some parts of the EA code have been optimized to speed up calculations.