AW Envelopes EA
- Experts
- Alexander Nechaev
- Version: 1.0
- Activations: 15
Fully automated trading robot. The advisor works by strategy the breakout of dynamic support and resistance levels, the well-known Envelopes indicator is used to determine the signals. In addition, the EA implements the possibility of averaging, the function of closing the first and last basket orders and the function of automatic lot calculation, three types of notifications.
Signal Monitoring -> HERE / MT5 version -> HERE
Advantages:
- Can be used on any instrument and timeframe
- Configurable parameters of the built-in indicator
- Easy setup and intuitive panel interface
- Built-in automatic lot calculation
- Built-in system for closing the first and last basket orders
- Three types of notifications: push, email, alert
Strategy and signals:
The indicator lines form a channel in which the price fluctuates, and the moving average shows the main direction of movement. The upper line serves as resistance and the lower line is support.
Using the indicator, you can assess the direction of the trend. The direction is determined by the slope of the average, that is, if the slope is up, then it is an uptrend, if the slope is downtrend, it is a downtrend. If the middle line is a horizontal line, then the market is flat.
A buy signal when the middle line changes the slope (the price will be below this line in a downtrend and higher in an uptrend). The trade is executed in the direction of the slope of the line at the opening of the next candle.
Input variables:
MAIN SETTINGS
- Size of the first order - Volume for opening the first order
- Enable Autolot calculation - Use automatic lot calculation
- Autolot deposit per 0.01 lots - The amount of the deposit for every 0.01 when using an autolot
SIGNALS
- MA period Envelopes - The number of bars used for calculation
- MA method Envelopes - MA can be weighted average (2), exponential (1) or simple (0
- MA shift envelopes - Deviation relative to the candle
- Applied price Envelopes - Offset from the current price
- Deviation Envelopes - Deviation from the central MA as a percentage
- Minimum step between average orders - A variable that regulates the step between orders, measured in points
- Multiplier for average orders - Each subsequent order in the order grid will be larger than the previous one by a given coefficient
TAKE PROFIT SETTINGS
- Size of Virtual TakeProfit (In points) - It is calculated for the current group of orders from the breakeven price
- Use overlap last and first orders - Use the first order overlap by the last one
- Use overlap after that number of orders - Use overlap after a given number of open orders
PROTECTION SETTINGS
- Maximum slippage in points - Maximum allowable slippage in points for opening and closing orders
- Maximum spread in points - Maximum allowable spread for opening orders
- Maximum number of orders - The maximum allowable number of orders of the same type
- Maximum size of orders - The maximum volume for one order. Measured in lots
- Maximum 1 order per candle - Open only one order per candle
ADVISOR SETTINGS
- Orders Magic number - MagicNumber of the advisor's orders
- Comments of the EA's orders - Commentary for advisor orders
- Allow to open OP_BUY orders - Allow the advisor to open orders of the OP_BUY type
- Allow to open OP_SELL orders - Allow advisor open orders of type OP_SELL
- Allow to open new orders after close - Allow new orders to be sent after all orders are closed
- Show panel of advisor - Ability to show or hide the advisor panel
- Font size in panel - Adjust the font size on the panel
NOTIFICATIONS SETTINGS
- Send push notifications when closing orders - notifications to the mobile version of the terminal, when orders are closed
- Send mails when closing orders - Letters to the email address when closing orders
- Send alerts when closing orders - Pop-up notifications on the terminal when orders are closed
Technical support
Please contact support to ask questions. Email our AW Trading team -> support@aw-trading.com
Contacts and requests