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The Forex Exchanger MT5

5

All explainations about the strategy: https://www.mql5.com/en/blogs/post/747470

Live signals: 

Here I will explain only the EA inputs part.

This EA will be consistently updated with new and unpredictable things that can bring its performance to a better level every day!

Buying this EA you will not only got a powerful automatic trading system, but also all knowledge and experience I've put on it over years.



Input parameter

Description
GLOBAL  
Magic number ID number of trades opened by EA. (Be sure of not having other EA on the account using the same magic number!)
Symbols custom  It can be entered custom symbols to be traded, by default all 28 pairs of forex will be traded but here it's possible to enter for example EURUSD,GBPUSD for trading only these 2 symbols.
Separator is comma, empty field means to trade all 28 forex pairs.
Symbols prefix The prefix (if any) used by your broker. For example if your forex symbol name is .EURUSD here you will put .
Symbols suffix The suffix (if any) used by your broker. For example if your forex symbol name is EURUSDx here you will put x
Symbols stop main Symbols that need to be not traded again (it still remain possible for EA to add trades on already opened symbols! It can also be a currency name like EUR to stop all EUR symbols)
Symbols stop grid Symbols for which you don't want more trades to be added. (It can also be a currency name like EUR to stop all EUR symbols)
Symbols custom TP updates Used for overriding TP of a specific symbol, examples:
"EURUSD:100" it means that for EURUSD TP will be always be 100 points more than average price.
"EURUSD:0" means to never change TP of EURUSD again.
Leaved empty means to leave EA to automatically adjust TP.

It's possible to override multiple symbols entering like this "EURUSD:100,GBPUSD:200"
STRATEGY  
Money to consider  It's possible for the EA to choose lots automatically based on Balance or Equity.
Risk factor  The wanted risk factor (remember to double check on chart informations for the lot size that will be opened!)
Entry Entry strategy.
OBOS sensibility Sensibility of the strategy about OBOS.
Low timeframe sensibility Sensibility of low timeframes filters to happens among with the main signal: in order to improoving accuracy.
High timeframe sensibility Sensibility of highest timeframes (like weekly and monthly) for catching market in good probability setups.
Grid entry Strategy rule set used by the EA for adding trades on existing baskets.
Grid sensibility  Sensibility of how and how many additional trades open.
Target factor Factor of how "aggressive" the EA need to be into calculating its targets/TP.
Start threshold Value more than 1 increase the sensibility of the trade opening, making the EA to virtually track its own operations and entering into the market later and at a better price. (Very powerful for making the EA working on situations that can be called "excess of excess", improoving certainly the risk/return ratio.)
Stop threshold Value 0 means to never forcely close trades.
Value like 3 means that as soon as 3rd trade should be opened on a specific symbol, instead of opening it, all opened trades are closed. (It can act like a forced but dynamic stop loss).
Max trades / currency main (0=no limit) Value more than 0, like 5, means for the EA to not open a trade on a new symbol if there are already 5 or more trades already opened on the same currency and direction. (Ex,if it should be opened a BUY EURUSD but there are already 5 (or more) BUY trades on EUR pairs or 5 (or more) SELL trades on USD pairs it will not be opened.

(A BUY EURUSD trade is a trade BUY for EUR and SELL for USD, oppositely SELL EURUSD it's a SELL trade for EUR and BUY for USD).

NOTE. This is only for NEW trades on symbols that are not already traded.
Max trades / currency all  (0=no limit) Same filter as the previous, but in this case it's a global limit that will be checked also when adding trades to existing baskets.
Hard stop loss % Value 0 means disabled, value like 10 means to close all trades as soon as all opened trades are at -10% of global profit (it can be used for capping potential drawdown to a specific % value: really useful when using it with prop firms like FTMO and others).



Reviews 4
EakasitL
36
EakasitL 2022.07.01 19:36 
 

Although I've used the EA for only a short period of time, I believe it has some good potential. So far I'm in the green with the EA. The author is an honest guy and clearly knows what he's doing. I sent him a lot of questions, and he always responded with detailed explanations in a timely manner. I highly recommend this EA.

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Maurizio Francia
228
Maurizio Francia 2022.11.04 11:47 
 

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EakasitL
36
EakasitL 2022.07.01 19:36 
 

Although I've used the EA for only a short period of time, I believe it has some good potential. So far I'm in the green with the EA. The author is an honest guy and clearly knows what he's doing. I sent him a lot of questions, and he always responded with detailed explanations in a timely manner. I highly recommend this EA.

nh95
19
nh95 2022.05.21 16:04 
 

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Emanuele Di Miceli
125
Emanuele Di Miceli 2022.05.13 03:29 
 

User didn't leave any comment to the rating

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Version 1.42 2022.11.21
Various bugfixes
Version 1.41 2022.10.04
Important bugfix on SymbolSelect for all symbols used during OnInit.
Version 1.40 2022.09.30
Added 'Risk real' for shaping lot sizes differently among all symbols
Bugfixes on 'Grid scalping' and added 'Start trade'
Version 1.32 2022.09.23
Various bugfixes
Version 1.31 2022.09.13
Visual bug fix on Chart information
Version 1.3 2022.09.07
- Added 'Grid modular' and 'Grid scalping': both these functions increase the numbers of trade thanks to more sensibility of the EA near the averaging levels.
Version 1.2 2022.06.27
- Risk factor: Changed to a floating number in order to make it better customizable.

- Added main signal "SM" and removed "Pull" (that were previously just coded as input but not in the rules)

- Added "Disabled" option into OBOS sentibility variable: this is for "voiding" all OBOS rules checked. (it will means to have a lot of more trades, but of course, less accurate.)

- Added "Low timeframe sensibility": used for checking on low timeframes if the main signal happens in accordance with some additional filters in order to improoving accuracy.

- Added "High timeframe sensibility": used for checking on highest timeframes (like weekly and monthly) if market is in a good probability setup.

- Added "Grid entry": for choosing the rule set used by the EA for adding trades on existing baskets.
Version 1.1 2022.05.12
Default variables assignments