• Overview
  • Reviews (9)
  • Comments (14)
  • What's new

True Range Pro

3.86

ZuluTrade Top


Accurate Night Scalping & Smart Grid System


Expected perfomance

  • 5-10% / mo (eurusd M5)
  • 20-40% / mo (gbpusd M1)


Features

  • 100% automated trades
  • Hard stoploss for every position
  • Dynamic basket takeprofit
  • High spread protection
  • Fixed / Auto volume
  • Optimized in 2010-2022 (Weltrade quotes, 100% history quality)
  • Backtesed in 2010-2022  (Weltrade quotes, 100% history quality)


    True Range Pro MT5 >> https://www.mql5.com/en/market/product/54578


    Monitoring 


    Telegram 


    Recommendations


    Input parameters

    • Magic - magic number
    • Comment - comment
    • Slippage - max allowed slippage, point
    • Order Max - max allowed amount of positions for each direction
    • Lot Max - max allowed volume of each position, lot
    • Spread Max - max allowed value of the spread for opening / modifying / closing a position, point
    • Direction - allowable positions type
      • LongAndShort
      • OnlyLong
      • OnlyShort
    • Takeprofit on Bar - getting takeprofit on bar / tick
    • FIFO compatible - FIFO compatibility
    • --- Volume ---
    • Volume Type 
      • LotManual - based on Lot Main
      • LotAuto - based on Factor Auto
    • Lot Main - main lot (valid with LotManual / LotAuto), lot
    • Factor Auto - account funds per each Lot Main value, lot = ACCOUNT_EQUITY / Factor Auto * Lot Main (valid with LotAuto), $
    • Progression Type
      • PrgrNone - no progression
      • PrgrArithmetic - arithmetic progression (Lot=LotLast + Progression Factor)
      • PrgrGeometric - geometric progression  (Lot=LotLast * Progression Factor)
    • Progression Factor - progression value
    • --- Levels ---
    • Stoploss - stoploss of each position, point
    • Takeprofit - takeprofit of the basket (< Takeprofit Number positions), point
    • Takeprofit Number - number of positions to change takeprofit
    • Takeprofit 2 - takeprofit of the basket (>= Takeprofit Number positions), point
    • Grid - min grid step, point
    • --- Time ---
    • Hour Start - hour to open a position, hour
    • Hour End - hour to stop opening a position, hour
    • Hour End Friday - hour to stop opening a position on Friday, hour
    • Stopped - stop a new cycle
    • --- Indicators ---
    • RSI Period - period of RSI
    • RSI High Level - upper level of RSI
    • ATR Period - period of ATR
    • ATR Counter - counter of ATR
    • ATR Factor - last ATR to total ATR ratio
    • --- Active Order ---
    • Active Number -  starting position for closing separately from the basket with the specified Active Takeprofit
    • Active Takeprofit - takeprofit for Active Order
    • --- Active Stoploss ---
    • Stoploss Type
      • Regular - hard stoploss only
      • Trailing - trailing stop
        • Trail Start - start level of trailing stop, point
        • Trail Stop - distance of trailing stop, point
    • --- Overlap ---
    • Overlap - overlap of the first order by the last 
    • Overlap Number - number of orders to start overlapping
    • Overlap Percent - last order profit to first order loss ratio
    • --- Drawdown Stop ---
    • Drawdown Type
      • DD None - off
      • DD Currency - balance currency
      • DD Percent - balance percentage
    • Drawdown Value - drawdown value for closing positions
    • --- Graphics ---
    • Color Buy - Buy levels color
    • Color Sell - Sell levels color
    • Display Trades - display the trades


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    Follow & Join

    Reviews 9
    Trade2222
    493
    Trade2222 2022.01.14 16:45 
     

    No trade since install EA, when its Trade, write a new comment..

    edit

    it does not act every day.

    at the moment it does what it is supposed to.

    Thanks

    PUI SIU GEOFFREY CHEN
    960
    PUI SIU GEOFFREY CHEN 2020.11.23 05:08 
     

    True Range series has a long history of success and is one of my main weapon in my portfolio. It has been working for me for many months with profit.

    gullyho
    69
    gullyho 2020.11.23 02:37 
     

    Awesome EA with excellent support. The EA may not be for the faint hearted but for those who can stand the large fluctuation in equity while the trade is underway, will be rewarded handsomely in closed profit. Highly recommended EA and supervalue for money. Your investment will be pay for and more.

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    newcm
    223
    newcm 2022.05.03 12:37 
     

    Very very very bad ea

    CashTrader
    802
    CashTrader 2022.03.05 09:48 
     

    Ich habe den EA zum Testen für einen Monat gemietet. Auf meinem 12.000€ Konto gab es in 3 Tagen Gewinne in Höhe von 54€ und offene Positionen mit 1306€ Verlust. Bisher kann ich dafür noch nicht einmal einen Stern geben. :-O

    Update 30.03.2022:

    Den anfänglichen Drawdown habe ich ausgehalten. Zum Glück! Nach einem Monat stehen 13,3% Plus auf dem Konto. Davon habe ich den EA gekauft. :-)

    Update 29.04.2022:

    Nach dem Preisverfall bei EURUSD und GBPUSD hat sich mein Konto leider halbiert. Nachdem tagelang Positionen durch SL mit 3- bis 4-stelligen Verlusten geschlossen wurden, habe ich den EA deaktiviert. Das Ergebnis ist mit -50% leider noch katastrophaler als das Monitoring des EA-Anbieters (https://www.mql5.com/en/signals/721761).

    Trade2222
    493
    Trade2222 2022.01.14 16:45 
     

    No trade since install EA, when its Trade, write a new comment..

    edit

    it does not act every day.

    at the moment it does what it is supposed to.

    Thanks

    amado33311
    119
    amado33311 2021.09.04 21:39 
     

    very risky , it blew half of my account and i interfered manually to close the losing positions , because i asked for advice here and on telegram and nobody answered me

    ktyong
    93
    ktyong 2020.11.23 06:05 
     

    User didn't leave any comment to the rating

    PUI SIU GEOFFREY CHEN
    960
    PUI SIU GEOFFREY CHEN 2020.11.23 05:08 
     

    True Range series has a long history of success and is one of my main weapon in my portfolio. It has been working for me for many months with profit.

    gullyho
    69
    gullyho 2020.11.23 02:37 
     

    Awesome EA with excellent support. The EA may not be for the faint hearted but for those who can stand the large fluctuation in equity while the trade is underway, will be rewarded handsomely in closed profit. Highly recommended EA and supervalue for money. Your investment will be pay for and more.

    Eduard Mushkatin
    1845
    Eduard Mushkatin 2020.11.23 02:31 
     

    Very good and stable working EA. Some time ago I have purchased as well TRP MT4 as the TRP MT5 EA versions and let them trade with the recommended EU and GU sets on different accounts with outstanding results. Currently I have all in all 6 EAs from the Smart Forex Lab and all of them are excellent.

    Paul
    301
    Paul 2020.11.11 12:40 
     

    Another quality designed and engineered (and just as importantly, fully supported and maintained) EA from Smart Forex Lab. I have personally used the original True Range since it was first published back in May 2019. It has consistently generated healthy profits month after month. I have now upgraded to using True Range Pro to take advantage of it's additional features and benefits, such as the dynamic basket takeprofit, which will hopefully generate even greater profits with reduced drawdown.

    Smart Forex Lab.
    19803
    Reply from developer Aleksei Ostroborodov 2020.11.11 12:55
    Thanks, Paul
    Reply to review
    Version 4.10 2022.07.14
    v4.1
    + ActiveOrder option - сlosing the recent position (starting from ActiveNumber) separately from the basket with the specified ActiveTakeprofit. The option provides a performance improvement of up to 30%.
    + New settings with account protection. The DDStop option limits the drawdown to 35%.
    + Minor improvements
    Version 3.0 2021.08.12
    US FIFO compatibility
    Trailing stop
    New settings
    Version 2.10 2021.04.19
    FIFO compability, new default settings

    Input parameters
    +FIFO compatible: FIFO compability
    +Stopped: stopping a new cycle
    -Timeframe (the current)
    -Grid 2
    Version 1.1 2020.10.18
    Timeframe parameter deleted
    Stopped parameter added to stop a new cycle
    Default settings changed