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Shadow Effect

This non-indicator trading strategy searches for the candles having wicks exceeding the candle body. The strategy is somewhat similar to trading by Pin Bar pattern. The EA buys when the lower wick exceeds the candle body and the upper wick. The minimum candle body size is set as % of ATR.

💼 Telegram chat for questions and discussion: https://t.me/forex4up_chat

The EA works by a new bar open prices, so that test/optimization results are as close to real trading as possible. The EA applies dynamic order placement levels, stop loss, take profit and trailing stop levels invisible for brokers. Their values can be calculated in pips, money, as a % of the balance or volatility (ATR).

The EA is designed for intraday trading with all major currency pairs on any timeframe. Depending on the settings, it can be used for any trading style: scalping, averaging, pyramiding, hedging, which makes it not just a trading robot, but a multifunctional flexible constructor.

Each block responsible for management of a particular function can be customized separately and operate as a single unit. The EA can simultaneously manage and close oppositely directed positions (both single ones and order baskets), as well as interact with positions opened manually or by another EA (start managing deals distinguished by magic number). Since the EA works at a bar opening, it can be optimized quickly and easily.


Recommendations

  1. before using on a live account, test the EA with minimal risk on a cent account;
  2. use VPS or hosting server with minimal network latency to the broker's server;
  3. low spreads + low commission + high quality execution are important when choosing a broker to trade;
  4. use the EA on highly liquid currency pairs, such as EURUSD, GBPUSD, AUDUSD, USDJPY, USDCHF, USDCAD and NZDUSD;
  5. minimum deposit - 1000 currency units per 0.01 lots;
  6. timeframe H1.


Main parameters

  • MinBodySize - minimum candle body size, set as % of ATR;
  • StartTime, StopTime - time for opening orders, not used if 00:00;
  • LotsFor1000 - initial lot size per 1000 units of base currency;
  • ATRPeriod - period for calculating the average daily volatility, in days;
  • TradeDirection - trading method: trade in one or both directions simultaneously;
  • OrderOpenMode - calculation of step for opening orders: in pips, in deposit currency, as a percentage of the balance or as a percentage of ATR;
  • GridStep, GridStop - position averaging step, 0 - not used;
  • PyramidStep, PyramidStop - position increase step, 0 - not used;
  • HedgingStep, HedgingStop - position hedging step, 0 - not used;
  • CountingOrders - order counting: each series separately or the total number of orders in different directions;
  • GrowingVolume - scale in to positions by the amount of orders or by lot increment;
  • IncreasingLot, DecreasingLot - increase/decrease the lot by the specified percentage, not used if -0;
  • StartIncrease, StartDecrease - position to start increasing/decreasing the lot;
  • MaxLotFor1000 - maximum lot per 1000 units of base currency;
  • LevelsMethod - setting take profit/stop loss: separately for short and long positions or for the entire basket of orders;
  • LevelsMode - calculation of take profit/stop loss: in pips, in the deposit currency, as a percentage of the balance or as a percentage of ATR;
  • StopLoss, TakeProfit - stop loss and take profit, 0 - not used;
  • TrailingMethod - trailing stop method: separately for short and long positions or for the entire basket of orders;
  • TrailingMode - calculation of trailing stop: in pips, in the deposit currency, as a percentage of the balance or as a percentage of ATR;
  • TrailingStart - minimum profit for enabling trailing, 0 - not used;
  • TrailingStop, TrailingStep - trailing stop and trailing step;
  • MagicNumber - magic number, the EA manages all positions opened manually or by another EA if set to -1;
  • TradeComment - trade comment.
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Super   Black Friday   Discount   Only Today, 50% OFF! Spider Crazy Pro is a trading robot  for the trading on forex. This is a complete system with   11 Strategy in 1 EA . This Robot opens a   large number of orders .  Important Information Revealed By  purchasing  this Expert Advisor you are entitled  to receive a free copy  of  Snake Crazy Pro ! (All future updates included) -> To Receive it, Please Contact me by mql5 or email !   This Expert advisor not use arbitrage or breakout, the
145 USD
Friday Monday
Konstantin Kulikov
ONLY 5/20 COPIES AVAILABLE AT 380$ NEXT PRICE -> 497$ This EA trades a weekly gap, opening trades on the Friday before the market close and closing trades on Monday morning. I have been using this strategy for a long time with my "Breakthrough Strategy" EA. I intentionally did not over-optimize the sets for "Breakthrough Strategy", as they have been showing good results for a long time on a real account:   https://www.mql5.com/en/signals/395124   . Therefore, as an alternative or addition to th
380 USD
PipFinite Trend Grid EA
Karlo Wilson Vendiola
Smart Grid Trading Expert Advisor Based on the Direction of the Trend. This EA uses an innovative approach in grid trading equipped with customizable parameters. Optimized settings and results can be accessed on our Private Telegram Group. Private Telegram Group Access Send a proof of purchase to ► support@pipfinite.com / MQL5 Private Message Free settings on telegram channel ► https://t.me/pipfinite/508 Notes EA will only work on LIVE if you purchased the indicator: PipFinite Trend PRO M
98 USD
Stenvall Invest
Gennady Sergienko
default settings:     EURUSD M5 email:                    lleonea.com@gmail.com telegram for pm:    @leontolstoy This is a fully automatic trading robot that does not require the intervention of a trader is divided into control blocks that contain more than 70 smart functions for controlling the trading process. ✔ How is Stenvall Invest better than others ? ☑ We do not use a beautiful word with pictures, Stenvall Invest is really a technological robot that has a complex code. Read about
1 199 USD
Golden Ticket
Ramil Minniakhmetov
  Golden Ticket   works on the WPR indicator - which allows you to determine the oversold and overbought conditions of an asset and enters at possible reversal points. Real operation monitoring as well as my ot her products can be found here:  https://www.mql5.com/en/users/mechanic/seller Telegram is  here . Recommendations Recommend pairs EURUSD  Time Frame  M15  Recommend deposit  1000 usd or 1000 cents  Recommend settings   Default settings XAUUSD here Inputs Value New Cycle  —   whe
69 USD
Turtle Scalper Pro
Michela Russo
Super   Black Friday   Discount   Only Today, 50% OFF! Turtle Scalper Pro is a trading robot  for the trading on forex. This is a mix of Trend Following and Counter Trend system.   Backtest Now! This Expert advisor not use   arbitrage, grid, martingale or other dangerous strategy , All Trades are covered by StopLoss and TakeProfit . Important Information Revealed By  purchasing  this Expert Advisor you are entitled  to receive a free copy  of   Gold Butterfly Scalper Pro ! (All future upda
145 USD
Ronin FX
Evgenii Golovanets
Price: $499 10 of 10 copies left at this price Next price $599 Trading on signal will be stopped during elections week in USA Recommended broker ( click here ) Live signal  https://www.mql5.com/en/signals/856765 Ronin FX is a fully automated expert adviser, which implements convenient features to perform multicurrency high frequency trading with the ability to widely diversify trading risks. This Forex robot uses 3 deals for trading, with the help of which it gets a total profit in almost 99% o
499 USD
ReitakFX Insomnia
Boris Sedlar
Fully automated EA on CCI strategy.  For more info join to   DISCORD  where you can get info how to set, how to trade with this indi Real monitor :  https://www.mql5.com/en/signals/830006 Set links :  https://files.fm/f/4j78w47n - you can easy optimalize own pair or use my. But please join to Discord  to get always latest sets what i will optimize.  -------------------------------- Layer CCI   - CCI-layers as equal distance from the bottom and from the top CCI _Period   – number of bars
250 USD
VR Smart Grid
Vladimir Pastushak
Advisor VR Smart Grid es una herramienta profesional para negociar en la grilla de pedidos de instrumentos financieros. El algoritmo del programa está organizado de tal manera que el asesor usa la señal no del precio actual, sino del precio del canal. Un algoritmo especial calcula el canal y el rango de precios por analogía con el canal Donchian y genera señales basadas en él. El código especial procesa el canal, construido de acuerdo con los altos y bajos de los últimos períodos, en la búsqueda
139 USD
AutoGenEA
Wim Schrynemakers
AutoGenEA  is an expert advisor developed purely by Generic Machine Learning.     The EA is developed using a software package, made specifically for developing trading-strategies.  It will generate hundreds of different strategies based on good trading logic.  From this group of generated strategies, the algorithm will do generic mutations and improvements.  Each strategy has been created using a 8 year period of historical data (IN-SAMPLE) and tested again multiple years of OUT-OF-SAMPLE dat
150 USD
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