Naked Forex Kangaroo Tail Robot for MT5
Kangaroo Tail Robot is a pattern recognition expert advisor for Forex, Stocks, Indices.
The strategy that comes with the Kangaroo Tail is purely based on price action (candlestick pattern, support/resistance, trend).
There is a large community of traders in the world trading the Kangaroo Tail.
Inputs of the expert advisor are:
- MagicNumber - unique number to be used to identify operations managed by the EA
- ExpertComment - used to quickly identify operations related to the strategy in the live and historical operations
- Prefix - prefix used by broker (for instance if symbol is called xGBPUSD then Prefix is x).
- Suffix - suffix used by broker (for instance if symbol is called GBPUSDfx then Suffix is fx).
- CandleSizeATR - filter size of Kangaroo Tail candles as a minimum factor of the ATR value (recommend values from 1.0 to 1.4)
- TradeDirection (shortandlong/shortonly/longonly) - used to filter signal and eventually go with the main trend
- EntryStopPoints - distance in points for the STOP (BUY_STOP/ SELL_STOP) order place above the high (or below the low) of the Kangaroo Tail candle
- StopLossPoints - distance in points for the protective stop loss below the low of the candle (or above the high of the candle)
- ProfitManagement (TpNone,TpBasedOnAtr,TpBasedOnRiskReward,TpFixedPoints) - calculation mode for the take profit
- TpAtrDistance - multiplier to be used for the calculation of the take profit (recommend 0.5 to 3.0)
- TpRiskReward - multiplier of the risk (stop distance) to calculate take profit (recommend 0.5 to 3.0)
- TpDistancePoints - distance in points from the entry to calculate take profit
- UseTimeManagement - activate time of the day filter (see below), no trades will be taken out of this time
- StartTime - local time used as the start of the robot working time to look for new trade opportunities
- EndTime - local time used as the end of the robot working time to look to new trade opportunities
- RiskMode (mFixedLot/mRiskPercent/mRiskUSD) - specify the mode to be used for the risk calculation of each trade operation
- FixedLotSize - use a fixed volume size for the volume to be traded in each operation
- RiskPercent - percentage to be used to calculate risk based on the current equity of the trading account
- RiskUSD - use a fixed risk expressed in USD, the EA will do the calculation of the corresponding volume depending on the broker and the instrument
- MaxEquityDrawDown - Max draw down from initial equity, stop trading when draw down level is reached
- UseLevels - filter trading operations and only enter operations where robot found clear support/resistance zone
- Use_W1 - use levels identified in the W1 time frame.
- Use_D1 - use levels identified in the D1 time frame.
- Use_H4 - use levels identified in the H4 time frame.
- Use_H1 - use levels identified in the H1 time frame.
- Gold EUR - name of symbol (for instance XAUEUR) used by your broker platform.
- Gold USD - name of symbol (for instance XAUUSD) used by your broker platform.
- Silver EUR - symbol name.
- Silver USD - symbol name.
- WTI USD - symbol name.
- Brent USD - symbol name.
- Natural Gas USD - symbol name.
- Platinium USD - symbol name.
- Australia 200 - symbol name.
- China A50 - symbol name.
- Eurostock 50 - symbol name.
- Cac 40 - symbol name.
- Dax 30 - symbol name.
- Italia 40 - symbol name.
- Nikkei 225 - symbol name.
- Hang Seng 50 - symbol name.
- FTSE 100 - symbol name.
- Nasdaq 100 - symbol name.
- Spain 35 - symbol name.
- Wall Street 30 - symbol name.
- SP 500 - symbol name.
- Russel 2000 - symbol name.
- Dollar Index - symbol name.
The Kangaroo Tail indicator can be used with any time frame.
The Kangaroo Tail indicator can be used with any class of asset: Forex, Futures, Commodities, Stocks, Indices.
We offer Kangaroo Tail indicator for MT4 and MT5:
We offer Kangaroo Tail robot for MT4: https://www.mql5.com/en/market/product/50438
We also offer the Naked Forex Big Shadow indicator for MT5 that might interest you: https://www.mql5.com/en/market/product/23074
We offer more than 60 high quality products in MQL5: https://www.mql5.com/en/users/renaud69/seller#products
Please read the Comment section of the product where you can find important information updates.
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