• Información general
  • Comentarios (16)
  • Discusión (81)
  • Novedades

Pender Free

This is a fully automated free version of Pender Expert Advisor.

Lite version of Pender EA is also available.

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

The EA includes two strategies of important price levels detection. They can be used either together or separately.

Virtual StopLoss is always set.

"Dangerous" strategies are not used.


Differences from  full version :

1. Opens only SELL positions.

2. Trades with 0.01 lot only.


Broker and deposit

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

The minimum recommended deposit - $50.


Currency pairs and timeframe

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

Trading on several currency pairs is not recommended, because of periods of drawdown. And if such periods match on several currency pairs at the same time, common drawdown of trading

account can be noticeable.

Timeframe - H1.

Terminal - MetaTrader 4.

You can evaluate my other products here: https://www.mql5.com/en/users/alcad83/seller


Parameters

  • OldStrategy - can be set to true or false. If true, the EA used strategy of previous versions.
  • NewStrategy - can be set to true or false. If true, the EA uses new strategy.
  • TakeProfitInPoints - take profit in points.
  • AutoStopLoss - can be set to true or false. If true, the EA detects StopLoss level automatically.
  • StopLoss - virtual stop loss in points, if AutoStopLoss=false.
  • 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.
  • 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.

Settings for other currency pairs can be found on screenshots of testing or in comment # 76.

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


borisleman
36
borisleman 2018.12.08 12:39 
 

El usuario no ha dejado ningún comentario para su valoración

Victor Manuel Valderrama Zamora
624
Victor Manuel Valderrama Zamora 2018.12.08 01:02 
 

good and free

Mohammad Oladi
1729
Mohammad Oladi 2018.12.01 13:52 
 

El usuario no ha dejado ningún comentario para su valoración

Mehdi Faraz Fard
593
Mehdi Faraz Fard 2018.11.21 10:46 
 

El usuario no ha dejado ningún comentario para su valoración

Ger30
138
Ger30 2018.11.18 00:46 
 

El usuario no ha dejado ningún comentario para su valoración

fabio893
63
fabio893 2018.10.10 12:11 
 

Safe EA with some good results

azarovv09
54
azarovv09 2018.10.09 12:56 
 

Very good EA.

Iury Mendes Da Silva
425
Iury Mendes Da Silva 2018.10.06 14:04 
 

It's a nice EA, with a low DD and a consistent result, but comission consumes almost all the profit (paid version seems to be better).

Between 2015 and 2018, max DD was 6% for 0.01 lot and results in backtest seems to be similar to a real account.

Duy Le
810
Duy Le 2018.09.14 05:55 
 

Slow, safe and free thanks

JackieM
112
JackieM 2018.09.12 17:20 
 

Nice.

But full version is better of course.

philippe germain
757
philippe germain 2018.09.05 14:13 
 

El usuario no ha dejado ningún comentario para su valoración

Matthew Todorovski
12194
Matthew Todorovski 2018.05.10 14:42 
 

El usuario no ha dejado ningún comentario para su valoración

Jodeglan
14
Jodeglan 2018.03.09 12:02   

esse ea ainda estar funcionando?

Boleslawa Krawczyk
86
Boleslawa Krawczyk 2018.03.02 11:42 
 

same good

King S
201
King S 2018.02.01 02:42 
 

El usuario no ha dejado ningún comentario para su valoración

Pavels Holusenkovs
853
Pavels Holusenkovs 2017.12.30 08:31 
 

El usuario no ha dejado ningún comentario para su valoración

Versión 2.9 2018.11.20
New parameter AutoStopLoss was added.
Versión 2.8 2018.11.17
1. Code was optimized for new versions of MT4.
2. New default settings.
3. Changes in description.
Versión 2.7 2018.11.08
Opportunity to use old strategy and new strategy of price levels detection together was added.
Versión 2.6 2018.10.17
Strategy of price levels detection was updated.
Versión 2.4 2018.09.17
Code was optimized.
Adaptivity to floating spread was added.
Versión 2.3 2018.09.17
1. "Dangerous" strategies were removed.
2. Default parameters were changed.
Versión 2.2 2018.08.28
Code was optimized.
Versión 2.0 2018.07.24
Improved the strategy.
Added the new parameters.
Added the info panel.