AW BW strategy based EA

5

AW BW strategy based EA trades on the signals of a custom combination of indicators created by Bill M. Williams. This fully automated trading robot has flexible settings and many work scenarios. The product has many useful features built in: automatic lot calculation, trailing system, stop loss and much more. If necessary, averaging can be used.

Advantages:

  • Suitable for any type of instruments and any timeframes.
  • Indicators configurable in the input settings of the adviser.
  • Ability to automatically calculate trading volumes.
  • Pluggable averaging can be used.
  • Built-in trailing system and StopLoss.
  • Adjustable scenarios of the adviser.
Problem solving -> HERE / MT5 -> HERE

Strategy:

The adviser works simultaneously on a combination of 4 indicators of the lineBill M. Williams:Alligator, Fractal indicator, AC, AO.

The Fractal indicator is displayed on the chart as up or down arrows. The Alligator indicator is displayed as three moving averages. Oscillators are displayed in two windows below the main screen.In the input settings, you can adjust the setting of the Alligator indicator. Other indicators do not have adjustable variables, since these indicators are not editable in Bill William's strategy.

Market Entry:

First, the adviser receives a signal when the fractal indicator is broken. The price should break through the level of the previous fractal. Downward breakout means a sell signal. Break up is a buy signal.

Further, this signal should be confirmed by the direction of the trend in the appropriate direction from the Alligator indicator. If the direction of the alligator corresponds to the signal of fractals, then the adviser proceeds to the next stage and confirms the signal with two oscillators AO and AC.

Only after the oscillators confirm the movement in the appropriate direction,AW BW strategy based EAwill open an order to buy or sell.

The adviser trades first in one direction and then in another, buy-sell-buy. Such a strategy provides greater safety in case of prolonged unidirectional price movements.

Exit from a position:

After the adviser opens an order:

1 - If the position goes in a profitable direction, then the trailing stop is activated. The position will be closed using the smart trailing system

2 - If the position goes into a loss-making direction, then the averaging function is applied using pending orders

3 - Additionally, a virtual stop loss is used. This type of stop loss works from the breakeven price for the entire basket of orders, it is not visible to the broker, when the adviser is removed from the chart, the virtual stop loss is deleted, as it is part of the adviser.

Input variables:

MAIN SETTINGS

Size of the first order - Volume for opening the first order. Used if Enable Autolot calculation is disabled

Enable Autolot calculation -Use automatic lot calculation. Autolot allows you to save risk settings when changing the deposit

Autolot deposit per 0.01 lots - Deposit amount per 0.01 lots when using autolot

ALLIGATOR INPUTS

Jaw Period - The blue period of the longest moving average

Jaw Shift - Long moving average shift

Teeth Period - The period of the red, moving average

Teeth Shift - Shift for the moving average

Lips Period - The period of the green, shortest moving average

Lips Shift - Shift for a short moving average

MA Method Alligator - MA method for indicator calculation

Applied Price Alligator - Applied price for moving averages

AVERAGING SETTINGS

Use averaging - Select whether or not to use averaging with pending orders

Multiplier for size of orders - Volume multiplier for pending orders, each subsequent open order in the grid will be larger than the previous one by this factor

Step for grids - Adjustment of the step between orders in the basket, measured in points

TAKE PROFIT SETTINGS

Trailing Start - After opening a market order when passing this volume of points, Trailing will be set for the order, measured in points

Trailing Step - After passing the specified step, Trailing will follow the price

STOP LOSS SETTINGS

Stop Loss(0-not use) - Enter value for virtual stop loss, in points. Stoploss works on the entire basket of orders from the breakeven price.

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 size of orders - The maximum volume for one order. Measured in lots

Maximum number of orders - The maximum allowable number of orders of the same type

Enable One order per bar filter - Filtering the number of orders per candle. If "TRUE" is selected, the EA will not be able toopen more than one order per candle.

ADVISOR SETTINGS

Orders Magic number - MagicNumber of EA orders

Comments of the EA's orders - Comment for EA's orders

Allow to open OP_BUY orders - Allow to open OP_BUY orders

Allow to open OP_SELL orders - Allow to open OP_SELL orders

Allow to open new orders after close - Allow to send new orders after closing

Show panel of advisor - Ability to show or hide the advisor panel

Font size in panel - Adjust the font size on the panel

Reviews 1
Hoang Loc Tran
722
Hoang Loc Tran 2024.12.02 11:02 
 

EA very good! i like it.

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BUY 1 and GET 1 FREE - Promotion! Buy GOLD Scalper PRO with a huge –60% discount and GET 1 FREE EA by your choice! Promo Price: $177 (Regular Price: $447 — You Save $270!) After purchase contact me to get your GIFT EA! You can also contact me to get the list of available GIFT EAs! Live Results:   https://www.mql5.com/en/signals/2353871 GOLD Scalper PRO is a fully automated trading system which takes much of the work out of trading, leaving you free to do other things! You should not be fooled
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MQL TOOLS SL
5 (1)
Wall Street Robot is a   professional trading system   developed exclusively for US stock indices, focused on S&P500 and Dow Jones. These markets are known for their high liquidity, structured movements and strong reaction to global economic flows, making them ideal for algorithmic trading strategies based on precision and discipline. By concentrating only on these indices, the system is able to adapt closely to their behavior, volatility patterns and intraday dynamics, instead of trying to oper
XG Gold Robot MT4
MQL TOOLS SL
4.29 (42)
The XG Gold Robot MT4 is specially designed for Gold. We decided to include this EA in our offering after   extensive testing . XG Gold Robot and works perfectly with the   XAUUSD, GOLD, XAUEUR   pairs. XG Gold Robot has been created for all traders who like to   Trade in Gold   and includes additional a function that displays   weekly Gold levels   with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading. It’s a strategy based on  Price
Forex Diamond EA
Lachezar Krastev
5 (5)
BUY 1 and GET 1 FREE - Promotion! Buy Forex Diamond EA with a huge –60% discount and GET 1 FREE EA by your choice! Promo Price: $217 (Regular Price: $547 — You Save $330!) After purchase contact me to get your GIFT EA! You can also contact me to get the list of available GIFT EAs! Live Results:   https://www.mql5.com/en/signals/2379493 Forex Diamond EA – Reliable Automated Trading Powered by Smart Algorithms Forex Diamond EA is a proven expert advisor designed to deliver consistent results us
M30 Pips Generator is a fully automated Expert Advisor developed specifically for trading XAU/USD (Gold) on the M30 timeframe . The EA uses a proprietary market analysis algorithm that combines price action with a moving average filter to determine potential trading opportunities. Instead of relying on a single indicator, M30 Pips Generator evaluates multiple market conditions before opening a position. Special attention has been paid to execution reliability. The Expert Advisor monitors the cur
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This is a utility for closing orders or baskets of orders for the total profit or loss. Can work multicurrency, can work with orders opened manually. Has additional trailing profit. Capabilities: Closing an order for the current symbol or for all symbols Closing individual orders or whole baskets of orders Stopping the utility in one click Trailing function for total profit Setting TP and SL in money, in points or as a percentage of the deposit Closing all BUY or SELL orders or closing all order
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Hoang Loc Tran
722
Hoang Loc Tran 2024.12.02 11:02 
 

EA very good! i like it.

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