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Pender

Automated multi-currency Pender Expert Advisor.

Trading is performed using pending orders based on breakout of price levels, where the price had slowed down during the recent time periods.

Pender EA version for MetaTrader5.


Virtual StopLoss is always set.

"Dangerous" strategies are not used.

Trading can be performed either with fixed lot or with automatic money-management system.


Broker and deposit

Any 5-digit broker with low spreads and fast execution is suitable for trading.

The minimum deposit - $100.


Currency pairs and timeframe

Trading on EURUSD or on any currency pair with small spread is recommended.

The used timeframe is H1.

Terminal - MT4.


Parameters

  • AutoLot - can be set to true or false. If true, the EA selects the lot size for trading depending on the balance value.
  • Lots - lot size is set by a user, if the value of AutoLot is false.
  • Risk - parameter for automatic lot calculation, if AutoLot value is true.
  • DD - the maximum allowable drawdown, reaching which closes all positions.
  • TakeProfitInPoints - take profit in points.
  • StopLoss - virtual stop loss in points.
  • TrailingStop - trailing stop in points.
  • VirtualTrailing - can be set to true or false. If true, the EA hides the modified StopLoss levels from the broker.
  • TurboMode - can be set to true or false. If true, the EA places more pending orders.
  • Delta - indent from important price level for pending orders.
  • StartHour - time to start trading.
  • EndHour - time to stop trading. All current pending orders will be deleted.
  • SummerAdjustment - adjustment for daylight saving time.
  • EAMagic - magic number of the EA, which allows it to distinguish its orders.
  • CommentOfOrder - comment to orders. Can take any value.
  • ShowInfoPanel - can be set to "true" or "false". If "true", the information panel will be displayed on the chart of the traded pair.
  • Panel_Language - language of the information panel.
  • TextColor - font color of the information panel.

Recommended settings for EURUSD are set by default.

By default, the StartHour and EndHour parameters are set for the terminal time zone GMT+2. If necessary, set these parameters according to the time zone of your terminal.

I will be happy to answer any questions you may have.

Have a successful trading.

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Versión 6.0 2018.09.12
Small changes in virtual TrailingStop.
Versión 5.9 2018.09.10
1. Adaptivity of TrailingStop to floating spread was added.
2. Code was optimized.
3. Unnecessary parameters were removed.
Versión 5.5 2018.08.19
Code was optimized.
Default parameters were changed.
Versión 5.4 2018.08.17
Code was optimized.
Versión 5.3 2018.07.24
Pending order management was changed in hedging strategy.
Versión 5.2 2018.07.20
Code and default parameters were optimized.
Versión 5.1 2018.07.02
Added the "Delta" parameter - indent from important price level for pending orders.
Versión 5.0 2018.06.20
Code of TrailingStop was optimized.
Versión 4.9 2018.06.13
1. Small fix of TrailingStop.
2. Added the "TurboMode" parameter , which increases the number of orders.
Versión 4.6 2018.06.05
Added information panel.
Versión 4.4 2018.01.29
1. Added the time zone auto detection.
2. Improved TrailingStop.
Versión 3.9 2018.01.22
Some conditions for order opening were changed - Pender will trade more frequently.
Versión 3.8 2018.01.12
The code was optimized.
New strategy and new parameters were added.
Virtual TrailingStop was added.