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BearsHunter

A simple trend trading system. To determine entries, the system uses an indicator based on three moving averages. It provides a wide set of parameters for advanced users and a fully automated mode using built-in presets.

Real account monitoring: https://www.mql5.com/en/signals/author/fastinvestments

Free version of the indicator: https://www.mql5.com/en/market/product/30382

MetaTrader 4 version: https://www.mql5.com/en/market/product/30383


BearsHunter Expert Advisor

  • Does not use martingale or averaging.
  • Configuring not required. Ready for use on EURUSD, GBPUSD, AUDUSD, NZDUSD, USDJPY, USDCHF, USDCAD, XAUSD. You only need to decide the lot parameter.
  • It can trade all symbols at the same time. For this purpose, launch the EA on the chart of required currency pairs.
  • Resistant to a temporary loss of connection or a short-term computer shutdown. After starting the computer, the Expert Advisor will pick up its orders and continue trading steadily.
  • Always works only with its own orders even if you have decided to trade manually in parallel.
  • The EA can run in the Strategy Tester in "Open prices only" mode only with no serious distortion of results.


Parameters

  • Sets – replaces ---=BUY SETTING=--- and ---=SELL SETTING=--- with built-in presets, the chart period is automatically selected. The "Automatic search sets" mode automatically selects a set (among built-in sets) for the used symbol.

---=BUY SETTING=---

  • BUY - Enables BUY.
  • m1_StopLoss - stop loss in points (10-200).
  • m1_TakeProfit - take profit in points (10-200).
  • m1_MA_Mode_1 - averaging method (0-9).
  • m1_MA_Mode_2 - averaging method (0-9).
  • m1_MA_Mode_3 - averaging method (0-9).
  • m1_Period_1 - averaging period (1-50).
  • m1_Period_2 - averaging period (1-50).
  • m1_Period_3 - averaging period (1-50).

---=SELL SETTING=---

  • Similar with Buy settings.

---=MONEY MANAGEMENT SETTING =---

  • Lot - lot value for BUY and SELL module.
    • Negative values: fixed lot. For example: Lot = -0.15 - a trade of 0.15 lots will be opened.
    • Positive fractional values < 1: Maximum permissible risk per trade in %. For example: Lot = 0.05, maximum risk is 5% of free funds on the account.
    • Positive values > 1: Maximum permissible risk per trade in a deposit currency. Example: Lot = 100, maximum trade risk is $100.

--------=FILTER=--------

  • NotWorkingHours - hours to prohibit trading. Example: "0, 1, 2, 3, 22, 23".
  • NotWorkingDayWeek - days of the week to prohibit trading. Example with prohibition on Monday and Friday: "1, 5".

---=ORDERS SETTING=---

  • MaxSpread - if the current spread is greater than this value, the trade will not be opened.
  • MagicNumber_ - beginning of the range of magic numbers occupied by the Expert Advisor. The EA uses two numbers.
  • Slippage - slippage accepted from expert.
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