- What's new
TWO Direction MT4
+ Use this bot for manual semi auto trades.
+ Perform market analysis in the Asian session to find tradable correlation pairs.
+ Install bots and set pending orders and takeprofits as desired.
+ Monitor again in UK and US sessions.
+ If the bot has taken a position, activate Continue New Cycle=false.
Note: If you are looking for a bot that can trade full auto, please skip it.
1. Continue New Cyle: If false, then the expert will only manage open positions and will not open new positions when all positions have been closed.
2. Second Symbol Correlation: fill in 2nd Pair correlation
3. Minimum Range to Start Pending Order: High and Low Range
4. Bars to count: Number of history bars to analyze
5. Distance of pending order from the current price(in pips): Distance of pending orders from the current price, pending orders use adaptive trendline
6. Step size to move pending order (in pips): Trendline will move to the latest prices according to the number of sizes entered.
7. Start Pipstep (in pips) : Initial Step
8. Pipstep Multiplier Coefficient: Coefficient multiplier of step increase
9. Lotsize: Initial lot
10. Maxtrade = Maximum open position allowed
11. Target money for closing orders $: Target profit in money
12. Cut loss if loss $: Target cut loss in money
13. Trail start $: Target profit in money to start traiiling
14. Trail stop $: Trail step in money
15. Time management : when will start to open position and when will stop taking position.
16. Close all positions at the End of Session: Expert will close all positions after today's session ends
Determine the closing hour by filling in the start and end hours.
17. Slippage (in Pips): Slippage allowed
18. Maxspread (in Pips): Max Spread allowed
Money Management:1000 usd = open 2 chart = 4 pairs
5000 usd = open 10 charts = 20 pairs
For MT5 version: here
Suggestion: If you trade more than 1 pair and open more than 1 position in 1 pair, I highly recommend using a trade monitor.
There is an information stopout so that you don't overtrade.
Trade Monitor MT4 Version: here