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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:
https://www.mql5.com/en/market/product/22734

https://www.mql5.com/en/market/product/23073

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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