Constructor MT5
- Experts
- Version: 2.3
- Updated: 31 May 2023
- Activations: 10
Martingale. ConstructorMT5 consists of 4 separate Expert Advisors:
- bar trading
- Trading with iEnvelopes and iSAR indicators
- Trading with the iMA indicator
- Trading with the iIchimoku indicator
The strategies are independent of each other. In each, you can separately choose:
- Lot calculation ( 7 options )
- Closing positions (5 main options and additional ones)
- Up to 10 any currency pairs
- and other advanced options
Input data is optimized on five-digit quotes :
Information for beginners (answer to a frequently asked question):
The "file.set" contains the values of the input parameters. To install them in the adviser's menu, select "load" and select the desired "file.set". You can see the visual description "here".
Important when testing:
- If the symbol names of your broker's currency pairs contain suffixes or prefixes (for example #.EURUSD.ch ) , then it is necessary to register them completely in the input data.
- To save time and resources, it is recommended to select the simulation mode "1_minute_OHLC".
- After selecting the appropriate setting option, check the results in the "_Every_tick" mode.
Important when trading:
When installing the adviser on different charts on the same account, keep in mind that each next "_Magic_" must be 4 more or less than the existing ones.
Advisor options:
- EA-1, EA-2, EA-3, EA-4 : Enable (disable) trading strategy
- Total_Bars_to_Open : The minimum number of consecutive bullish or bearish bars to open a position
- Size_Bars_to_Open : Minimum total volume of bars to open a position
- Use_when_opening_iSAR : Don't buy if iSAR < Bid_. Prohibition to sell if iSAR > Bid_
- Step_when_opening : Consider step (Step_Size) when opening positions
- Step_Size : Minimum distance (in points) between open positions
- Step_increase_ratio : Step reduction ratio (Step_Size). If Step_increase_ratio = 1 : Step_Size = constant
- Open_only_1_position : Open only one position in each direction
- Lot_selection : Selection of trade volume calculation (lot):
- Lot_Const : Constant Lot = Min_Lot *Exponent_EA
- Lot_from_TP : Lot required to close positions in profit at TP_for_Lot distance from the last order price
- Lot_from_Step : Lot depends on the distance of the current price from the price of the first order ( +1 Step_Change_Lot = + Min_Lot )
- Lot_Alg : Each lot is increased by Min_Lot
- Lot_Geom : Each lot is increased by Lot_Exponent_Geom times
- Lot_Fibo : Each lot increases in the Fibonacci sequence
- TP_for_Lot : Required number of points (from the price of the last order) to close positions in profit. (if Lot_from_TP = true)
- Step_Change_Lot : The number of pips needed to increase the lot by MinLot. (if Lot_from_Step = true)
- Lot_Exponent_Geom : Lot exponent. (if Lot_Geom = true)
- Closing_Positions_ : Select conditions for closing positions :
- Close_by_TakeProfit_ : Close positions by Take_Profit ( TakeProfit_ ) from the last order
- Close_by_SumLots : Closing positions with total profit >= amount of lots multiplied by coefficient(SumLots * SumLots_Exponent)
- Close_by_Profit : Closing positions with total profit >= Profit_for_Closing
- Close_by_iMA : Close positions when two iMA indicators cross
- Close_by_iSAR : Close positions when the price crosses the iSAR indicator
- TakeProfit_ : TakeProfit_ to close positions. (if Close_by_TakeProfit= true)
- SumLots_Exponent : The coefficient of the sum of lots (for one direction) for closing positions. (If Close_by_SumLots = true)
- Profit_From_Close : Total profit (for one direction) to close positions. (If Close_by_Profit = true)
- Close_by_Minus_Profit : Close positions by negative profit( Minus_Profit_From_Close).
- Minus_Profit_From_Close : Negative profit to close positions. (if Close_by_Minus_Profit = true)
- Close_by_Minus_EA : Close all EA positions by negative profit of the entire trading strategy (Minus_Profit_From_Close).
- Minus_Profit_EA : Negative profit of the whole trading strategy. (if Close_by_Minus_EA = true)
- Close_by_Stop_Loss: closing positions by Stop_Loss (StopLoss_) from the last order
- StopLoss : stop_loss for closing positions. (if Close_by_Stop_Loss = true)
- Close_by_iSAR_add: Close positions when the price crosses the iSAR indicator if profit > 0.
- TP_Close_by_Level : Close positions when TakeProfit is equal to the difference between the first and last order opening prices * TP_Exponent
- Lot_from_TP_by_Level: Lot is calculated taking into account dynamic TakeProfit (TP_Close_by_Level = true)
- LotFromHistSL: Lot is calculated taking into account the last minuses in the history (if Close_by_StopLoss = true and Open_Only_1_position = true)
- Exponent_EA: All trading strategy inputs are multiplied by Exponent_EA.
- step_iSAR : Price change step - acceleration factor (iSAR).
- maximal_iSAR : Maximum stride (iSAR)
- Ma_period : averaging period
- Ma_shift : horizontal shift of the indicator
- ma_period_Env : (iEnvelopes) period to calculate the midline
- ma_shift_Env : (iEnvelopes) indicator horizontal shift
- Deviation : (iEnvelopes) the deviation of the boundaries from the midline
- Auto_Lot : automatic increase in the lot of the first order in the session to the level of Min_Lot*MathFloor( Balance/Balance_For_Add)
- Balance_For_Add : 0.01 lot increase every Balance_For_Add $
Very good EA from excellent developer.Constructor is robust with huge potential