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LUCKiya

The EA uses the RSI indicator!

The principle of the Expert Advisor operation is simple: When the market is overbought - it sells, oversold - buys!

Trades happen:

  • Sell - after the candle closed in the overbought zone
  • Buy - After the candle closed in the oversold zone

Next, if the price went the opposite way, the EA opens an additional order, places TP, if TP was not triggered after a specified step parameter, opens one more order with the lot size multiplied by the value of lot_factor, and so on until the number of orders reaches the value of max_steps, SL is placed in the last step. Once the SL triggers all orders are closed. Locking can be enabled after the step 2 using the lock_step parameter up to max_steps


Strategy example

Various strategies can be used, the signal https://www.mql5.com/en/signals/178291 uses the following:

Set the value of max_steps - 5 and lock_step - 5, lock_koef - 10.0, i.e. covers the volume of all main orders in the grid, in the last step the TP is extended by the take_profit 2 parameter, and if the SL triggers, the loss of the main orders will be covered!

The EA can be optimized for any market situation, the standard initial deposit is recommended from 3000 units per currency pair or more.


General recommendations:

Use StartLots=0.01 per each 3000 units of the currency

Use different Magic numbers for simultaneous trading on multiple currency pairs


Input Parameters:

  • lot - Starting Lot Size
  • lot_factor - lot multiplier
  • take_profit - Take Profit
  • take_profit2 - Take Profit in the last step (if 0 - disabled)
  • take_profit_add - Increase in the value of TP with each subsequent step
  • max_grids - the number of parallel order chains
  • stop_loss - Stop Loss
  • trail - the distance from the price to activate trailing stop
  • trail_start - profit in points to activate trailing stop;
  • step - step between orders in points
  • step_add - Increase in the step length with each subsequent step
  • max_steps - The maximum number of steps
  • lock - Locking (True/enabled, False/disabled)
  • lock_step - Step to start locking from
  • lock_coef - locking ratio, as a fraction of 1 (0,5 – 50% of the main order)
  • rsi_period - RSI period
  • rsi_up_level - The upper level of RSI
  • rsi_down_level - The lower level of RSI
  • magic - Magic number (separate for each currency pair)

Unused parameters, (under testing)

  • atr_period - ATR period
  • atr_level - ATR level
  • atr_step_add - Increase of the step when the specified «atr_level» level is exceeded
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349 USD
Smart Scalping Robot
Yevhenii Mavletbaiev
Smart Scalping Robot is a fully automated Expert that uses a new unique smart scalping strategy in its trading. The price in the Forex market is formed according to the law of supply and demand among the participants in this market, therefore, after an unreasonable rise or fall, it returns to its fair value, this pattern is used by Smart Scalping Robot. The Advisor monitors price changes around the clock to find the optimal entry point. Simply put, the EA determines the moment of price rollback
199 USD
Blueshift
Marco Solito
Price $299, 1 copy of 10 left at this price Next 10 copies $399. Blueshift   is a fully automatic Expert Advisor for   Intraday  Trading.  it is  based on   Wpr and Ma Indicators . The expert advisor is able to get a very high-rate of winning trades. Follow us on Telegram:   https://t.me/darktradingchannel The Expert was tested on the whole available historical period on   XAUUSD (Gold) and XAGUSD (Silver) M15  with exceptional results. You can download the demo and test it yourself. My tests w
299 USD
Medusa X
Oon Kar Lee
ONLY 1 OUT OF 10 COPIES AT $299  Next price will be $349.  (Real Profit, Real Trades, Real Signal) After your purchase, drop me a PM.   MEDUSA X is a Revolutionary Momentum and Pullback Algorithm Expert Advisor, specializing on the low spread major pairs, GBPUSD and USDCHF. Dedicated to produce phenomenal performance for its users by strictly adhering to years of mathematical and statistical methods. Extremely EASY-TO-USE, with TREND EMA, RSI, Volatility filters all highly optimized at the
299 USD
KonokaSystem
Nobuyoshi Murase
El sistema Konoka es un sistema de comercio diurno que apunta a las horas de 00:00 AM a 13:00 PM hora de Japón. El par de divisas es el USDJPY y se negocia al precio de cierre de M5. No se utiliza ninguna lógica de cuadrícula o martingala. Tanto el TP como el SL son ligeramente más grandes a 100Pips. La razón de esto es evitar el daño de las grandes ventas cortas. Hay otros métodos de liquidación que utilizan indicadores de tiempo y técnicos. El backtesting ha sido validado durante
330 USD
Breakthrough Strategy
Konstantin Kulikov
This system was developed to work with a large number of sets and after a certain time showed itself well when working at the close of trading on Friday. As a result, this direction of trading has become the main one for working with this expert. There are 25 current sets for different currency pairs, as well as a profile for quick setup   (download in comment #156 ). You can analyze the statistics of the work of an expert for different currency pairs at my signal:  https://www.mql5.com/en/sign
397 USD
ATS Advisor
Ivan Bebikov
There are 2 copies left at the price of $399! The next price is $499. The MT5 version of the expert Advisor is here -  https://www.mql5.com/en/market/product/54481 (In MT5 and MT4 versions, there may be slight differences due to the implementation of the code on MT5) ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Fully automatic adviser, with a system for recove
399 USD
Ea scalper mt4
Valerii Gabitov
To keep abreast of the latest news and settings, join the telegram group:  ENG  https://t.me/moderntehnology RUS  https://t.me/dynamictime IMPORTANT: Please contact me after buying for the correct paramter.  Before you buy a night scalper please be aware of the risks involved: 1) Past performance is no guarantee of future profitability (the EA could also make losses).  2) The backtests shown (e.g. in screenshots) are highly optimized to find the best parameters but therefore results cannot be t
280 USD
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Versión 1.2 2016.02.15
Fixed testing errors