Market / MetaTrader 4 / Experts /

Candle Meter

FREE

Published: 15 May 2020

Current version: 1.0

Candle Meter

Experts
Ivan Grachev
Version: 1.0

The Expert Advisor builds a grid of orders, defining inputs by built-in setups. After accumulating the profit specified in the settings, it closes the remaining orders to breakeven. Open “breakout” orders create a grid according to the trend, and each separately “trailing” order allows you to maximize profit from the market.

Please see all my products: https://www.mql5.com/en/users/en_coding/seller

Benefits:

a unique algorithm for constructing a grid of orders, eliminating the minimum delta between orders, so the grid, based on the analysis of bars, adjusts to the price movement;
a small starting deposit for grid trading;
profit taking in each series of orders;
flexible settings that allow you to get both conservative and "aggressive" sets for bidding;
built-in Money Management system in 3 versions for more precise risk control.

Recommendations:

Minimum deposit: based on optimization, settings and testing, from $ 350 (or equivalent) per instrument*;
Account type: any, preferably ECN for faster execution and lower spreads;
Currency pair: any, based on sets;
Timeframe: H1.

* - author's sets have the name of the following type: GBPUSD H1 2010 - 2020-05 min 700 $, where GBPUSD - name of the currency pair, H1 - timeframe, 2010 - 2020-05 (optimization and testing period), min 700 $ - minimum deposit

The main parameters of the adviser:

SetsEA - the name of the sets, currency pair and timeframe
ProfitCollect - profit in the deposit currency, after the fixation of which the orders are closed at breakeven
MM_Method - choosing Money Management
Lot - fixed volume of orders**
LotBalance - value of the account balance in the deposit currency, after which the volume will be increased**
Risk - risk as a percentage of the account balance**
AnalyzePoint - number of analyzed points for bars*
TrailStart - start trailing orders in points*
TrailStep - step of trailing orders in points*
MaxSpread - maximum spread*
Comm - comments on orders
MagicNumber - unique number
DisplayInfo - enable visual panel display

* - all parameters in points are indicated in 4-digit format, the adviser will automatically translate the 5-character
** - an increase in volume occurs after the completion of a series of orders, therefore, in each series and for each open order in it - it is the same.

You can download the current sets for the adviser from the link: https://www.mql5.com/ru/blogs/post/736609

All sets attached to the adviser have been tested and optimized at 99% of quotes, real spread, execution and slippage.

Important: before using the adviser on a real account, download the adviser, current sets absolutely free and test its work to understand the principle of work, the size of the deposit that you will need in accordance with your risks.

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The indicator looks for consolidation (flat) in the market at a certain time, builds a box-channel and marks levels indented from it for a breakdawn. After crossing one of the levels, the indicator marks the zone for take profit and calculates the corresponding profit or loss in the direction of this entry on the panel. Thus, the indicator, adjusting to the market, finds a flat area of the market, with the beginning of a trend movement to enter it. Version for MT4: https://www.mql5.com/en/market

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Indicator determines the direction of price movement, calculates the possibility of entering the market using an internal formula and displays a breakout entry signal. Indicator signals appear both at the beginning of trend movements and in the opposite direction, which allows you to open and close orders as efficiently as possible in any of the market conditions. Version for МТ4: https://www.mql5.com/en/market/product/58349 Benefits: a unique signal calculation formula; high signal accuracy; d

FREE

Indicator determines the direction of price movement, calculates the possibility of entering the market using an internal formula and displays a breakout entry signal. Indicator signals appear both at the beginning of trend movements and in the opposite direction, which allows you to open and close orders as efficiently as possible in any of the market conditions. Version for МТ5: https://www.mql5.com/en/market/product/58980 Benefits: a unique signal calculation formula; high signal accuracy; d

FREE

An automatic trend trading advisor based on an analysis of the current market situation. The adviser determines the direction of the market, monitors built-in indicators, builds breakdown levels and enters the market after they cross. In this case, irrelevant levels are deleted. Advisor is fully automated and ready to go. Please see all my products: https://www.mql5.com/en/users/en_coding/seller Advantage: does not use locks, grids, sitouts, arbitrage and other risky trading strategies; high p

FREE

A fully automated Expert Advisor for making permanent profits in the Forex market with minimal risk. Trading is based on building a channel using moving averages and analyzing the bars for the presence of setups for entry. Please see all my products: https://www.mql5.com/en/users/en_coding/seller Not used : grids, hedging, and other high-risk trading strategies, such as staying a drawdown by saving losing trades. Each order is protected by a fixed stop loss. The money management system is bas

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Miguel Jimenez Cordero 2021.02.18 15:57 #

Good job