The LightMan Expert Advisor represents a simple and profitable trading system.
From the attached screenshot, you may find out that by using the default input parameters, LightMan had an over 100% growth in the first 100 days in 2013.
The LightMan Expert Advisor uses both trend indicators and oscillators internally to calculate and estimate the support and resistance levels and ranges of the market. Generally, it uses countertrend trading with the careful money/risk management.
It is better to use this Expert Advisor on M5 timeframe.
- TP and Trailing SL;
- Max Risk (1~50) - for money management;
- Timeframe Mode - use fixed timeframe or the current timeframe;
- Period - default is 12.
It is recommended to use fixed lot size or lot size calculated by risk management.
If you have any questions about this Expert Advisor, you may send the private message in MQL5.community or directly to my e-mail: "jchen#livepim.com".
2. Support 0 stop loss input parameter.
3. Update the position closing algorithm.
2. Added a parameter to customize the MA gap checking (MA Gap).