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Easy Channels EA MT5

This EA works on the basis of channels formed by price. It trades from the boundaries of these channels (for example, when the price breaks through the border of the channel, or when it touches and comes back). It can also display the lines and channels through which it trades. They are built on the highs and lows of prices. The EA has customizable parameters for trading on multiple channels and uses some indicators to improve trading (for example, Stochastic or ADX). It also has parameters for managing orders and lot volume. It is possible to configure a trailing stop (both regular and parabolic).

Default settings for EURUSD M15, 5-digits.

Input parameters

  • Lots - lot size (at 0 lot it will be calculated from the percentage of available funds in the account);
  • Percentage of free money - percentage of free funds to open each new transaction (works when Lots = 0);
  • MaxSpread - maximum spread for opening a transaction (for accounts with a floating spread, so that the transaction opens when the spread is not too large);
  • Slippage - slippage (maximum price deviation);
  • Magic - a unique identifier (it is necessary to make it different if several expert advisors are running in the same terminal);
  • StopLoss - stop loss (for 5-digit accounts, 10 will be 100, you need to specify as for 4-digit accounts);
  • TakeProfit - take profit (for 5-digit accounts, 10 will be 100, you need to specify as for 4-digit accounts);
  • CloseDealsBeforeOpen - close the previous deal (in the opposite direction) before opening a new one;
  • OpenOrdersDelayBars - delay between the opening of the next transaction (the number of bars of the current time frame that must pass before opening a new transaction);
  • StopToBreakeven - set stop loss to breakeven after passing the specified number of points;
  • TrailingStopValue - the value of the trailing stop in points, if set to = 0, then the trailing stop is not used;
  • StopToParabolicStep - parabolic step for a trailing stop (0 - do not use parabolic trailing);
  • HistorySearch - the number of bars for searching and building channels;
  • Distance - the minimum distance from one maximum (or minimum) to another when building a channel;
  • Shift - shift a few bars back, where a channel breakout is possible;
  • QuickFractalSearch - enable quick search of fractals when defining channels (it’s better not to use it in real trading and final optimization, since the channels are of poor quality);
  • DrawChannels - display channels and lines on the chart of a currency pair;
  • HistorySearch2 - the number of bars to search for additional channels with other parameters (0 - do not use additional channels);
  • Distance2 - the minimum distance from one maximum (or minimum) to another when building an additional channel;
  • Shift2 - shift for additional channels;
  • MinSignalPower - minimum signal strength for trading;
  • MaxCountChannels - the maximum number of channels to trade;
  • CountLinesNearPrice - the number of lines from channels that should touch the price at the same time so that there is a signal to open a transaction;
  • OnlyInsideChannel - trade inside the channel, exclude deals on breaking through the borders of the channels;
  • EnvelopesPeriod - period of the Envelopes indicator (0 - do not use this indicator for transactions);
  • EnvelopesDeviation - deviations of the Envelopes indicator;
  • StochasticLevels - levels of the Stochastic indicator (0-50, 0 - do not use);
  • StochasticPeriod - period of the Stochastic indicator;
  • AdxPeriod - period of the ADX indicator;
  • MinAdxLevel - minimum level of the ADX indicator;
  • MaxAdxLevel - maximum level of the ADX indicator;
  • Trading start hour - hour to start trading;
  • Trading end hour - hour of the end of trading;
  • DealsCommentary - comment on open deals;
  • FastOptimizationParameter - Parameter for fast optimization of the Expert Advisor. The greater the value, the faster the optimization, but the quality of the trade is worse. Values ​​of 1 or 0 for trading are recommended. For initial optimization, values ​​from 2 to 10 can be set.
  • EnableInfo - show information;
  • OrdersFilling - a parameter for choosing a filling mode (if the EA does not open deals due to incorrect filling, try choosing a different value).

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5 (1)
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Gregory Hay
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Darwin Swing MT5
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4.92 (38)
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Marco Solito
5 (40)
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Alexander Nikolaev
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Moving averages are very often used for analyzing currency pairs and trading. This Expert Advisor can analyze many moving averages at once and trade based on this. When the required number of moving averages signal a purchase, the adviser makes a purchase, if the indicators signal a sale, the advisor sells. Also, there is filtering spurious signals at low volatility based on the ADX indicator. In the settings of the adviser, you can set the required number of sliding ones, their period (the init
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Alexander Nikolaev
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Volume Levels is a very important indicator for exchange trading. Most of the trades were performed on those levels. This indicator displays the price level that had the most trade volumes over a certain period of time. Often, the price bounces from those levels in the future, and it can be successfully used in trading. This is a demo version that works only on the USD/JPY currency pair. To work on all currency pairs, install the full version: https://www.mql5.com/en/market/product/15888 Param
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4 (4)
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Alexander Nikolaev
Volumes are one of the most important factors of trading, as it is the high volumes that move the market in either direction. But there are very few standard indicators for volumes in MetaTrader 4. The Volume Candles analyses the volumes of the trades and displays candles depending on these volumes. The candle appears once the required number of volumes has passed during trading (the VolumeCandle parameter). If the candles close frequently and are thin, then the volumes on the market are current
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Alexander Nikolaev
5 (3)
Volume Levels is a very important indicator for exchange trading. Most of the trades were performed on those levels. This indicator displays the price level that had the most trade volumes over a certain period of time. Often, the price bounces from those levels in the future, and it can be successfully used in trading. It works on any currency pair. Parameters HistoryBars - the number of bars to determine the near volume levels; Range - the maximum distance above and below the current price t
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Alexander Nikolaev
Some experienced trades can tell where the price will go even without indicators, as the direction of the price can be found using the ordinary candlesticks. The EA compares several nearest bars and their volumes, and opens a trade based on that data. Also, it is able to analyze the candles on two timeframes at the same time to make the entry more accurate and less risky. In addition, the EA can automatically determine the take profit and stop loss size depending on the size of the previous cand
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Alexander Nikolaev
Some candles have a strong tendency to continue the movement or to revert it. With the help of the Colored candles indicator such movements are clearly visible. This indicator calculates the parameters of each candle, as well as its volume, and after that it paints the candles depending on its strength and direction. Bullish candles are colored green and bearish candles - red. The greater the power of the bulls or the bears, the brighter the color. You can change the colors if you want. The indi
It is good to know the presence of a trend on multiple timeframes at once. And even better - on multiple currency pairs at once. This indicator allows to quickly determine the presence of a trend or a flat on 8 timeframes and from 1 to 15 currency pairs at once. Multi Alligator Signals analyzes the signals of the Alligator indicator by Bill Williams on every timeframe (from M1 to W1) and multiple currency pairs (up to 15) simultaneously. If there is a buy signal, a green upward arrow is drawn, i
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Alexander Nikolaev
5 (1)
The EA detects strong movements using the Parabolic indicator and opens a trade. The Commodity Channel Index (CCI) is used as an auxiliary indicator. The CCI levels may depend on the ADX indicator values, which allows for better trading with different volatility. Also, the trades are opened depending on the RSI indicator values on a certain timeframe. Recommended timeframes: M5, M15, M30. Make sure to optimize the parameters of the EA for your account before trading. Input Parameters Lots - lo
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Alexander Nikolaev
5 (2)
The indicator draws lines based on the price Highs and Lows, as well as slant trend lines. Break through the trend line, High or Low usually indicates trend change (or continuation). Once the price moves through a line, and the candlestick closes, the indicator draws an appropriate arrow (also, you can enable alerts). This indicator is easy to use, but nevertheless, there are many trading strategies, which are based on a breakthrough of the trend lines. The number of candlesticks used to determi
Channels Pro
Alexander Nikolaev
5 (5)
The indicator determines and plots price channels or lines, reading information from multiple timeframes (from current, second and third) simultaneously. Color and width of lines for each timeframe can be customized. It is also possible to set different distance between the Highs and Lows for plotting channels or lines. Parameters History - maximum number of bars to plot channels or lines; Distance - minimum distance from one High (or Low) to another when plotting lines; Shift - shift for seve
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Version 1.2 2020.08.26
Improvements to loading and restarting the advisor.
Version 1.1 2020.08.06
Added the OrdersFilling parameter for selection. If the EA does not trade and writes similar messages to the log, try changing the parameter value.