MA7 Ixora C1 MT4
- Asesores Expertos
- Andrey Minaev
- Versión: 1.2
- Actualizado: 29 marzo 2024
- Activaciones: 5
Description of work
The 'MA7 Ixora C1' expert advisor is based on the 'MA7 Ixora' indicator. When a signal appears, the advisor opens a position, sets a stop loss and take profit, and after opening the position, accompanies it until it is closed.
Additional functions
- Automatic volume;
- Dynamic stoploss and takeprofit;
- Breakeven.
Features of work
- Designed to work on hedge accounts;
- Recovers your data in case of a sudden power outage;
- Stoploss and takeprofit are not installed on the server; the advisor itself closes positions when these levels are reached.
Note: before working, the advisor settings need to be optimized for a specific instrument and timeframe.
A detailed description of the settings is in the article – Class 'C1' expert advisor settings.
Expert advisor settings
General settings:
- Timeframe – timeframe from which the signals come;
- Magic – designed to identify its positions.
Money management settings:
- Position volume.
Position opening settings:
‘MA7 Ixora’ settings:
Fast moving average settings:
- Period;
- Method;
- Apply to.
Slow moving average settings:
- Period;
- Method;
- Apply to.
Position closing settings:
- Stoploss – distance to loss limitation, points;
- Takeprofit – distance to profit taking, points;
- StopLoss – distance to loss limitation is calculated based on the ATR indicator, ATR coeff (0 – not used);
- TakeProfit – distance to profit taking is calculated based on the ATR indicator, ATR coeff (0 – not used);
- TakeProfit – distance to profit taking is calculated based on the distance to stoploss, SL multiplier (0 – not used).
Breakeven settings:
- Activation – distance to breakeven activation, points (0 – not used);
- Activation – distance to breakeven activation is calculated based on the ATR indicator, ATR coeff (0 – not used);
- Activation – distance to breakeven activation is calculated based on the distance to takeprofit, percentage of takeprofit (0 – not used);
- Distance to placing – distance to placing the stoploss level from the opening price, points (0 – not used).
ATR settings (for calculating dynamic stoploss, takeprofit and breakeven):
- Period;
- Timeframe.
Trading stop settings:
- Profit - total profit, deposit currency (0 - not used);
- Loss - total loss, deposit currency (0 - not used).
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