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Red Dollar EA

Red Dollar EA is a non-standard Expert Advisor, which can't be attributed to any particular type. It adjusts to the current market situation.

The EA uses time and price information, trades using pending orders. The number of trades can differ from a few deals per month, up to dozens a week, it all depends on the current market conditions, settings, and the number of financial instruments traded.

VPS is required for stable operation, minimum deposit is 1,000$ of the base currency. Timeframe does not matter.

Standard setting for GBPUSD H1, ECN low spread account.

⚡ Recommend ECN broker with LOW SPREAD: IC Market , Exness, NordFX , FXPRIMUS , Alpari , FXTM


Market Entries

The EA places two opposite pending orders, STOP or LIMIT depending on its input parameters. Orders are modified following the price based on the timer in seconds. When one of the pending orders triggers, the other one is deleted. If the EA is running on several currency pairs with the same magic number, all inactive pending orders are deleted, and the EA then works only with the pair, where a position was opened. If different magic numbers are used, the EA works with each of the pairs separately, i.e. when an order triggers for one currency pair, pending orders of other currency pairs are not deleted.

Opening New Orders

If the price moves in the direction opposite to the open position, a pending order will be placed at a preset distance to follow the price. A pending order will be modified only if the price continues to move in the wrong direction. Thus, we achieve the most favorable positions of new deals. Multiple positions can be opened at one price depending on the EA settings and the price behavior.

Closing Deals

If one position is in the market. The first modification of stop-loss is the breakeven level, then point-based trailing stop is activated and works till a distance specified in the EA settings "TrailingStop". After passing the distance, trailing by previous Hi-Lows of bars is enabled. The timeframe and the number of bars for finding the extreme values are specified in the EA settings. The switching trailing stop allows to maximize the profit.

If several positions are in the market. All deals are closed by a common profit. Some deals can be closed with a small loss, but the total profit of closed orders is always greater than the loss. All positions are closed by trailing stop. Position closing prices may differ, depending on the speed of order execution on the broker side.

Settings

  • STOPLOSS- stoploss points;
  • TAKEPROFIT - takeprofit points;
  • BASKET_PNL - close all or one order at a time;
  • MULTIDIRECTIONAL_PNL -  grid of orders separately for buy and sell or both buy and sell together;
  • Maximum_ORDERS - maximum number of trade;
  • BalanceLot - calculation of traded lot based on balance;
  • ManualLot - traded lot, if BalanceLot = 0;
  • NextLotRatio - lot ratio, if NextLotRatio = 1, then lot does not change;
  • MagicNum - magic number for orders;
  • FirstTypeOrder - the type of the first two orders;
  • DistanceFirstOrder - distance from the price to place the first two orders;
  • DistanceNextOrder - distance from the price to place the next orders;
  • NextStepOpenOrders - the step of the next orders, distance from an open order;
  • TimerModifyFirstOrder - modification of the first two orders, set in seconds;
  • TimerModifyNextOrder - modification of the next orders, set in seconds;
  • MaxAttempts - maximum number of attempts to open an order;
  • DelaySeconds - pause between attempts in seconds;
  • Slippage - maximum price slippage;
  • BreakevenStart – the number of points to move s position to breakeven;
  • BreakevenStep - the distance to place breakaeven at;
  • TrailingStop – the number of points after which the Hi-Low trailing is activated;
  • TrailingStart – the number of points to start trailing;
  • TrailingStep – trailing stop step.
  • TimeFrame – the timeframe to search for the high/low price;
  • BarCount – number of bars to search for extremums;
  • IndentHiLow – a distance from the Hi-Low price to set a stop loss.
  • ShowInfo - display/hide information on the trading;
  • TextColor - displayed data color.


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ONLY 3 COPIES OUT OF 10 LEFT AT $399! After that, the price will be raised to $499. IMPORTANT! Contact me immediately after the purchase to get instructions and Manual Guide to set up EA. Some Features: - No Martingale, No Grid, No Double Lot, No Averaging, No Dangerous strategy - Only entry 1 order, the order is always protected by Stoploss - Only pure Price Action for entry - News filter to stop EA before high impact news - Smart time filter to avoid unexpected falling, rising, gap...
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The Golden Coup
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4.27 (30)
Golden Coup EA is the most efficient EA on the market. I spent a lot of time and effort to make this software sophisticated with possibilities of high potential returns while keeping the drawdown below 20%. The algorithms of the robot provide investors of any level of training with an investment opportunity that is both safe and aggressive. Golden Coup EA imitating the work of the brain, capable of learning and adapting to changing conditions and predicting situations. When applied to trading i
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Evgenii Aksenov
5 (16)
Batman Midnight Hunter is a fully automatic smart night scalping system that has proven itself on real accounts. It doesn’t adjust the system to use history data (as most creators do), the EA is developed to use the existing market inefficiency. So it’s not a simple hit-and-miss system, it is a fully adapted smart system for night scalping, using real market mechanics to its advantage in order to make a profit. The EA uses fixed Stop Loss and Take Profit. The EA is workds with any broker and sup
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Nexus EA Forex
Enrique Enguix
4.8 (20)
In January 2010, two unknowns started in the world of trading. They both had the same money, the same experience, and the same investment knowledge. A year later, the two met at a trading forum. They talked about their experiences in the investment world and shared their results: The difference was not very big, one had made some money, while the other had lost only a little. Again, a year later, they met again. The former had continued to win. The other had lost most of his account.      
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Huckster MT4
Jakub Norbert Bogusz
4.2 (5)
!!! Current price - $349 will be increased to $499 soon, so if you want to get a discounted price this is your last chance !!!  Huckster is an absolute breakthrough in Forex Algo Trading. It has been trained on EURUSD and on all of the EUR minor pairs (EURGBP, EURAUD, EURJPY, EURCHF, EURNZD, EURCAD) so all together it trades 7 different currency pairs. As an Artificial Intelligence type of robot, the trades it opens are as close as possible to the ones which would be open by an professional hum
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Advanced Gold Scalper MT4
Ho Tuan Thang
4.86 (22)
ONLY 3 COPIES OUT OF 10 LEFT AT $399! After that, the price will be raised to $499. IMPORTANT! Contact me immediately after the purchase to get instructions and Manual Guide to set up EA. Some Features: -   No Martingale - No Multiplier Lot - Scalping follow trend - News filter to stop EA before high impact news - Scalping mode to stop EA in some cases ... CAUTION:  News Filter can not back testing. This will cause back testing results to be inaccurate, because News Filter will help EA remo
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The King of Score
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goldkkim
240
goldkkim 2021.04.30 08:06 
 

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NGUYEN NGHIEM DUY
26934
Reply from developer NGUYEN NGHIEM DUY 2021.07.03 02:36
New version update SL and Max order.
WS7000
74
WS7000 2021.04.14 13:41 
 

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kenmajid
14
kenmajid 2021.03.23 17:27 
 

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Aleksandr Dumler
211
Aleksandr Dumler 2021.03.22 15:28 
 

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NGUYEN NGHIEM DUY
26934
Reply from developer NGUYEN NGHIEM DUY 2021.04.03 11:16
NextLotRatio - lot ratio, if NextLotRatio = 1, then lot does not change;
Miguel Jimenez Cordero
7209
Miguel Jimenez Cordero 2021.03.16 07:26 
 

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Ahmed Sarıkaya
2504
Ahmed Sarıkaya 2021.03.01 08:33 
 

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Reply to review
Version 4.0 2021.06.19
Add TP & SL : for each order separately and for a basket of orders
BASKET_PNL
MULTIDIRECTIONAL_PNL
Version 3.0 2021.06.14
Add Maximum_ORDERS function