Fx4lights

The Expert Advisor consists of four popular indicators:

  • MovingAverage
  • Stochastic
  • MACD
  • ZigZag

It is possible to use all four indicators both together, and individually, selecting the necessary combination.


Basic settings of the Expert Advisor

  • Magic - order magic number
  • Volume - volume for opened trades
  • Slippage - price slippage when opening orders.
  • StopLoss - close orders after reaching a certain loss in points,
  • TakeProfit - desired profit in points.
  • TrailingStop - move StopLoss to order's opening price when a positive profit specified in points is reached (if TrailingStop=0, parameter is disabled)
  • StepTrall - trailing step for TrailingStop once StopLoss is moved to the order's opening price (if StepTrall=0, parameter is disabled)
  • Losing volume, increased by two - double the order's volume (if set to "off", "Losing volume, increased by two" is disabled).
  • Maximum volume - maximum allowed volume when the lot increase is enabled (Losing volume, increased by two).


Additional settings of the EA

  • To access the signal - open an order by the indicator's signal.
  • Close by opposite signal – close an open opposite at an opposite signal of the indicator.
  • The choice of day of the week – select the day of the week when trading is enabled. If there are open deals, trading will continue until they are closed.
  • Open a new bar – open orders on a new bar after an indicator signal is received.
  • Timeframe of a newbar – period to wait for a new bar to open.
  • Not to repeat if the order was closed with profit – do not open a trade if the indicator signal persists and the last order closed with a positive profit.
  • Not to repeat if the order is closed with stoploss - do not open a trade is the indicator signal persists and the last order closed with a negative profit.
  • Shift Bar - shift relative to the current bar by the specified number of periods back.

Additional settings for MovinAverage - the indicator has all the basic features plus:

  • Distance - when this parameter is set, an order is opened when the MovingAverage moves from the price to a specified Distance in points, in case it is a BUY signal, and when the MovingAverage moves from the price to a specified Distance in points, in case it is a SELL signal (0 - disabled). See figure 1.3.

Additional settings for Stochastic - the indicator has all the basic features plus:

  • Sale level if K and D period above this level - use the indicator levels. This level opens a sell trade if Kperiod and Dperiod are above the selected level, and Dperiod crosses Kperiod downwards (if set to off, this level is disabled);
  • Purchase level if K and D period below this level - this level opens a buy trade if Kperiod and Dperiod are below the selected level, and Dperiod crosses Kperiod upwards (if set to off, this level is disabled);

Additional settings for Stochastic - the indicator has all the basic features plus:

  • Name if different from standard - enter the indicator name if it differs from the standard name.
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