Hunter on the channel breakout Bot

Hunter on the channel breakout Bot

The Expert Advisor places the necessary amount of BuyStop and SellStop pending orders with predefined StopLoss and TakeProfit levels at the specified time daily.

The EA calculates the channel width using the ZigZag indicator and sets a grid of BuyStop and SellStop pending orders according to the specified settings. The first pair of BuyStop and SellStop pending orders is placed at a predetermined distance from the channel borders. The distance is set in the percentage of the calculated channel width. The channel width is calculated by the specified amount of the ZigZag peaks. StopLoss and TakeProfit levels are set for each order (specified in the parameters). The next pair of orders is set at the TakeProfit level of the previous one.

Pending order placing time is set in the EA parameters. The time of non-activated pending order removal is also specified in the parameters.

The parameter values ​​specified in paragraphs (zero, second or fourth decimal place).

The EA works on any symbol and timeframe (TF).

You can set a special number to distinguish the EA's orders from orders of other tools. You can attach the EA to different charts with same instrument but different parameters. In this case, you should set different numbers for each chart. You do not have to change a number if charts have different instruments. There won't be any confusion.

Adjustable Parameters

  • Size of the bet, lots - bet size of each grid order in lots
  • TakeProfit level, pips - profit for each grid order in points
  • StopLoss level, pips - stop level for each grid order in points
  • Number of bets in the series - number of orders in each series (1 is a single pair of orders - one BuyStop and one SellStop)
  • Indentation from the channel to % - indentation of the first pair of pending orders from the channel border in percentage of the channel width
  • Time of placing trades - pending order placement time (hour:min) - server time
  • Time of removal deals - pending order removal time (hour:min) - server time
  • Waiting time of the orders, min - order send waiting time in minutes
  • To send the expiry date - send pending order expiration time to the server (set to False in case of error 147)
  • Number of calculation points zigzag - number of the ZigZag reference points for plotting the channel
  • Slippage - slippage (parameter for placing orders)
  • Room Advisor - EA's magic number
  • Depth - the setting of the zigzag indicator - Depth ZigZag indicator parameter (see below)
  • Deviation - the setting of the zigzag indicator - Deviation ZigZag indicator parameter (see below)
  • Backstep - the setting of the zigzag indicator - Backstep ZigZag indicator parameter (see below)
  • Arrow color orders BuyStop(Blue) - BuyStop order arrow color (no arrows by default)
  • Arrow color orders SellStop(Red) - SellStop order arrow color (no arrows by default)
  • Transfer to break-even (0=Off), pips - value in points at which the order is transferred to breakeven
  • Minimum profit when break-even, pips - the value of the breakeven points
  • Display a comment (ON / OFF) - display comments in the upper left corner? (well/no).

Depth is a minimum amount of bars that will not have the second maximum/minimum less/more by Deviation pips than the previous one. Backstep is a minimum number of bars between maximums/minimums.

It is reasonable to set the indentation of the first pair of pending orders by Fibonacci levels - 23.6, 38.2, 50.0, 61.8.

Comments

The EA shows the following data in the upper left corner of the active chart:

  • the EA name and its basic parameters
  • calculated channel width
  • calculated indentation of the first pair of orders

Alternative Use

The EA can be used instead of the Hunter on the channel breakout BuyStop SellStop script for the automated setting of an order grid.

Example

Figures indicate an example of the EA setting and its testing in the strategy tester. The parameters are set with no selection and optimisation.

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Pattie Opening Range Breakout (ORB) is a range of price variation, which for each session, it generates a combination of support and resistance levels, positioning itself in favor of breaking out of the bands, when it is exceeded on the upside is a signal to buy or enter long and when it is exceeded on the downside it is a signal to sell or enter short. Pattie Break Out  EA  is a specialized trading tool designed to automate  time session-based breakouts . The EA operates by drawing a price rang
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Ebrahim Mohamed Ahmed Maiyas
5 (2)
Experts
An advanced Expert Advisor powered by artificial intelligence and machine learning, specifically designed for analyzing Forex Market. It adapts to price movements and market fluctuations to detect potential trading opportunities. Discounted price   . The price will increase by $50 with every 5 purchases. No Risky Strategies   –   Does not use martingale or grid methods Artificial Intelligence Integration: At the heart of this EA les a sophisticated AI engine capable of recognizing complex patte
Gold Trade Pro
Profalgo Limited
4.61 (23)
Experts
Lancer la promo ! Plus que quelques exemplaires à 449$! Prochain prix : 599$ Prix ​​final : 999$ Obtenez 1 EA gratuitement (pour 2 comptes commerciaux) -> contactez-moi après l'achat Ultimate Combo Deal   ->   click here New live signal:   https://www.mql5.com/en/signals/2084890 Live Signal high risk :  https://www.mql5.com/en/signals/2242498 Live Signal Set Prop Firm Set JOIN PUBLIC GROUP:   Click here Parameter overview Gold Trade Pro rejoint le club des EA de Gold trading, mais avec une
Exp4 AI Sniper for MT4
Vladislav Andruschenko
2.33 (3)
Experts
AI Sniper pour MetaTrader 4 — un robot de trading intelligent conçu pour la précision AI Sniper est un robot de trading intelligent et adaptatif, développé spécialement pour MetaTrader 4 . Il n’a pas été conçu pour être simplement un robot Forex de plus, mais pour offrir aux traders une solution plus précise, plus structurée et nettement plus professionnelle. AI Sniper pour MT4 associe une logique algorithmique avancée, une lecture du marché en temps réel et une exécution soigneusement pensée af
Boring Pips MT4
Thi Thu Ha Hoang
4.54 (13)
Experts
Vous êtes-vous déjà demandé pourquoi la plupart des conseillers experts ne sont pas efficaces dans le trading en direct, malgré leurs performances parfaites en backtest ? La réponse la plus probable est le surajustement. De nombreux EAs sont créés pour "apprendre" et s'adapter parfaitement aux données historiques disponibles, mais ils échouent à prédire l'avenir en raison d'un manque de généralisabilité dans le modèle construit. Certains développeurs ne connaissent tout simplement pas l'existe
Wall Street Robot MT4
MQL TOOLS SL
5 (1)
Experts
Wall Street Robot is a   professional trading system   developed exclusively for US stock indices, focused on S&P500 and Dow Jones. These markets are known for their high liquidity, structured movements and strong reaction to global economic flows, making them ideal for algorithmic trading strategies based on precision and discipline. By concentrating only on these indices, the system is able to adapt closely to their behavior, volatility patterns and intraday dynamics, instead of trying to oper
Forex Diamond EA
Lachezar Krastev
5 (5)
Experts
ULTIMATE SALE ! Get Forex Diamond EA with a huge –60% discount ! Special Ultimate Sale Price: $217 (Regular Price: $547 — You Save $330!) Forex Diamond EA – Reliable Automated Trading Powered by Smart Algorithms Forex Diamond EA is a proven expert advisor designed to deliver consistent results using a combination of trend and counter-trend strategies. Trusted by thousands of traders since its launch, Forex Diamond EA stands out with its intelligent trading logic, adaptive money management, a
Big Forex Players MT4
MQL TOOLS SL
4.73 (45)
Experts
We proudly present our cutting-edge robot, the  Big Forex Players EA  designed to maximize your trading potential, minimize emotional trading, and make smarter decisions powered by cutting-edge technology. The whole system in this EA took us many months to build, and then we spent a lot of time testing it. This unique EA includes three distinct strategies that can be used independently or in together. The robot receives the positions of the  biggest Banks  (positions are sent from our database t
GOLD Scalper PRO
Lachezar Krastev
4.46 (24)
Experts
ULTIMATE SALE! Get GOLD Scalper PRO with a huge –60% discount ! Special Ultimate Sale Price: $177 (Regular Price: $447 — You Save $270! Don't Miss!) Live Results:   https://www.mql5.com/en/signals/2353871 GOLD Scalper PRO is a fully automated trading system which takes much of the work out of trading, leaving you free to do other things! You should not be fooled by the low price – GOLD Scalper Pro is a very effective and profitable trading strategy, professionally developed especially for tra
WallStreet Recovery PRO
Lachezar Krastev
5 (2)
Experts
ULTIMATE SALE! Get WallStreet Recovery PRO with a huge –60% discount ! Special Ultimate Sale Price: $177 (Regular Price: $447 — You Save $270!) Live Results:   https://www.mql5.com/en/signals/2331815 WallStreet Recovery PRO is a powerful FULLY automated trading system built on the legendary WallStreet Forex Robot core — one of the most popular and time-proven expert advisors in the world. It combines the reliable WallStreet trading logic with an enhanced, intelligent trade management system,
EA Games Changer
Tjia Elisabeth Jasmine Canadi
5 (3)
Experts
IA révolutionnaire – Moyenne multipaires + Système de couverture (Étendue directionnelle intelligente) LANCEMENT PROMOTIONNEL — Nous recherchons des clients 5 étoiles ! Prix à vie pour 6 mois. Offre limitée. Dépêchez-vous ! Accès à vie pour seulement 1 centime de plus que le prix de 6 mois — Obtenez la propriété définitive à un tarif de lancement imbattable avant qu'elle ne retrouve sa valeur totale ! Version : Interface utilisateur interactive améliorée - MT4 (patchée) Développeur : Projet Cy
Golden Equinox
Lin Lin Ma
5 (1)
Experts
Golden Equinox is an Expert Advisor built for MetaTrader 4 (MT4), focusing on the gold (XAUUSD) trading pair. It is dedicated to providing traders with an efficient, accurate and robust fully automated gold trading solution. To keep our strategy edge, price rises $50 per 10 sold, only 3 left at $139. Golden Equinox integrates multiple complementary trading strategies. Addressing the unique challenges of the gold market—characterized by extreme short-term price volatility, rapid shifts in market
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The ZigZag Repaint Tracker indicator is a powerful tool for traders and analysts, which not only constructs the classic ZigZag but also carefully tracks all instances of its repainting across the entire historical dataset. Main features and advantages: Full history analysis: The indicator analyzes the entire available chart history, identifying moments when ZigZag changed its extremes, which allows understanding the dynamics and reliability of the constructions. Tracking repainting: Unlike stand
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This expert Advisor is a more developed version of  News Hunter Bot OneTime . The EA places pending orders BuyStop and SellStop before the news release at a specified distance from the current price. The date and time of the news release is set in the EA parameters for a few days in advance. In total, you can set the time for 20 news. Also, the EA indicates how many minutes before the news you need to place pending orders and after how many minutes you should remove pending orders that have not
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Hunter on the channel breakout BuyStop SellStop
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Script Hunting for the Channel Breakout The script is designed for semi-automatic trading. It can place required number of pending BuyStop and SellStop orders with preset StopLoss and TakeProfit levels in one go. The script calculates the channel width using the ZigZag indicator and places a grid of pending BuyStop and SellStop orders according to specified settings. The first pair of pending BuyStop and SellStop orders is placed at the specified distance from the channel's borders. This distanc
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The indicator displays two nearest levels in real time. The one above the current BID price is a resistance level. The one below the current BID price is a support level. The levels are calculated by the standard ZigZag indicator. Application The indicator can be used as an assistant in manual trading to obtain data on the nearest support/resistance levels. The indicator can be used on any timeframe. When a displayed level is touched or broken through, an audio alert is triggered (specified in
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Aleh Sasonka
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This utility displays the name of the current symbol and the current period in the chart background in a large font. It is very convenient, e.g. when you use multiple charts with different symbols, period or when saving a chart screenshot. The information is displayed in two lines. In the first line, the chart symbol and current timeframe are shown in a larger font (e.g. AUDUSD,h1 ). In the second line, the full name of the current symbol is displayed in a smaller font (e.g. for GPBJPY it shows
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