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American System MT4

The strategy is based on the search for areas of concentration of prices of large buyers and sellers. In such zones, short-term trends are usually generated. This is a grid EA, but thanks to the function of overlapping unprofitable orders, it is able to withstand large drawdowns and recover the account. Works well on volatile pairs and gold (XAUUSD, GBPUSD, USDCAD, EURUSD, USDJPY, USDCHF, AUDUSD, NZDUSD ... ). It has many useful functions, such as closing orders on Friday or when an equity target (profit or loss) is reached. The chart displays information about the profit.

MT5 version https://www.mql5.com/en/market/product/57743


OPTIONS:

  • TIMEFRAME - timeframe for signal search;
  • COUNT_BARS - number of bars;
  • PRICE_RANGE - price fluctuation range;
  • COUNT_BARS_IN_RANGE - number of bars in the range;
  • ENTRY_DISTANCE - distance from the zone of price congestion to enter with the first order;
  • REVERSAL_POSITIONS - unfold signals;
  • NEW_CYCLE - new cycle;
  • USE_POSITIONS - selection of the direction of trade;
  • USE_HEDGING - enable hedging;
  • INITIAL_LOT - initial lot;
  • LOT_MULTIPLIER - lot multiplier in the order grid;
  • MAX_LOT - maximum lot;
  • STEP_ORDERS - order grid step;
  • STEP_MULTIPLIER - order step multiplication factor, if = -1 then it is not used;
  • MAX_STEP - maximum order step;
  • MAX_ORDERS - maximum number of orders;
  • OVERLAP_ORDERS - from which order to enable the order overlap function;
  • OVERLAP_PIPS - minimum profit in pips for closing unprofitable orders;
  • STOPLOSS , TAKEPROFIT - stop loss and take profit in pips, if = -1 is not used;
  • BREAKEVEN_STOP , BREAKEVEN_STEP - level and step of breakeven, if = -1 is not used;
  • TRAILING_STOP , TRAILING_STEP - trailing stop level and step, if = -1 is not used;
  • MAGIC_NUMBER , ORDERS_COMMENT - magic order number and comment;
  • START_TIME , END_TIME - time at which it is allowed to open orders. If = "00:00" then not used;
  • CLOSE_ALL_ON_FRIDAY - closing all orders on Friday. If = "00:00" then not used;
  • EQUITY_TAKEPROFIT , EQUITY_STOPLOSS - the function of closing all orders upon reaching the specified profit / loss on the account. If = -1, then not used;
  • RE_START - restart the EA after closing orders;



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Version 1.1 2022.03.03
update for new build