MultiCurrencyCT

Below you will find the explanation of the complete version of MultiCurrencyCTX not yet published.

MultiCurrencyCTX

Strategy Explanation up to version 1.331

MultiCurrencyCTX  is an Expert Advisor based on ADX indicator and on the DXY index of the US dollar which allows to identify the strength of the US dollar and therefore carry out Buy or Sell operations on the currencies correlated to it.

The EA uses the following currencies for its trading activity:

EURUSD - GBPUSD – USDJPY – USDCAD - USDCHF

The correlation of the DXY index with the first two currencies is inverse, ie when the index is positive SELL positions are opened. When the index is negative, BUY positions are opened.

The correlation with the other currencies is direct ie when the index is positive BUY positions are open while when the index is negative SELL positions are open.

The entry signal is made by the ADX indicator. It detects the side of the trade to open.

In addition the EA checks which is the position of DXY_Index.

If the DXY_Index is significantly positive, it means that USD is strong or quite strong and consequently are allowed only entry signals to open a Buy trade for USDJPY or USDCAD or USDCHF or a Sell Trade for GBPUSD or EURUSD.

On the contrary, if DXY_Index is significantly negative it means that the USD is weak or quite weak and consequently are allowed only entry signal to open a Sell trade for USDJPY or USDCAD or USDCHF or a Buy trade for GBPUSD or EURUSD.  

Trades are opened with a Take Profit fixed by the user. In addition, user can set a amount of BreakEven points.

Instead to fix an amount of Stop Loss, the EA, when an open trade goes in loss over a certain amount (Trigger*TriggerMulti), opens one or more trades, using the same criteria to open normal trades.

The trades opened may have an amount of lots equal to the parameter Lots and with the same direction of the trade in loss or an amount of lots equal to the lots of the trade in loss multiplied by the parameter Multi and with the direction reversed.

To activate the opening of continued or reversal trades, as above stated, the parameter LotsChange must be set to true and the parameter Multi must be set with a value > 0 (default value = 2.5).

Operating in this way the EA tries to close all trades together (trade in loss and continued or reversal trades) with a profit equal to the Target value.

 

Once the trade is open, trades are managed and closed by the main following functions:

a)     Trailing Take Profit

b)     BreakEven

c)     CloseAllOrders

Trailing Take Profit  

This function reduces, the Take Profit applied to the order when opened, with the TralingStep value and the TrlMulti value. To use this function TakeProfit must be set with a good value.

BreakEven set the Stop Loss value over the opening price, with the BreakEvenPips just to create a gain and to cover commission fees.

CloseAllOrders

The function closes, all together one or more trades, when the profit of all trades is over or equal to the Target value.

 

How to tune the EA’s input parameters

The profit of each trade may be done by the value of the Target ( Lots * TargetPoints) or be determined by the TrailingProfit or by the BreakEven function. It depends on the values set in each parameter.

So to tune the EA, change smoothly the combined values of these parameters.

One more parameter that the user may change, to improve EA results, is the PlMn_Threshold set by default to 30.

If you increase this value, you reduce open trades. If you decrease the value, you increase open trades but with a lower level of reliability.

With the default settings the EA opens 100/120 trades per year for each pair. To increase the number of trades and, consequently, of earnings, user can set the parameter TradeOneBar to false and set the parameter MaxOpenOrders to 2. 

So doing, the EA opens two trades for each bar. I suggest no more than 2 in MaxOpenOrders to avoid high drawdown or stop out. The value of parameter Multi may be set to 3.

With the parameter SwapCheck user can ask to the EA to open trades with earning swap only. To activate this, SWapCheck must be set to true.

All tests have  done with an account balance of USD 1,000.00 with a leverage account 1:500.

 

No trading Time for News - IntraDay

The EA has three intraday time range that the user can set in order to avoid the opening of trades during the issues of breaking economic news.

The time to set is the GMT time. The EA adds or subtracts to the GMT time the ManualGMT_Offset representing hours in + or in – respect to the Broker time.

So user has to set the GMT_Offset with the sign + to add to GMT time or with the sign – to subtract to GMT time.

For example: the time of the broker ICMarketsSC has 3 hours more respect to GMT time.

 

Main default Settings    vers 1.331

 

PlMn_Theshold, represents the minimum level to be reached by PLusADX or MinusADX to trigger the entry signal.

DailyChgDXY_Target, represents the minimum value to be reached by DXY_Index to trigger the entry signal (default 0).

TradeOneBar, if set to true allows the opening of one trade per bar only.

Lots, represents the amount of lots per each trade to open.

MaxOpenOrders, represents the max quantity of open orders ( default 5).

LotsChnge, if set to true, allows the opening of trades with the same sign of previous trade or reversed trades when an existing trade have a loss over the amount of Target*TargetMulti.

Multi, represents the multiplier used by the EA, when LotsChnge is set to true, to calculate the amount of lots of trades to be opened with the same sign or with reversed sign, to absorb the current loss.

BreakEvenPips, represents the quantity of points added to the opening price by the function BreakEven to set the Stop Loss.

TargetPoints, represents the quantity of points to be multiplied by the amount of Lots parameter to calculate the Target value.

TargetMulti, represents the multiplier of the Target.

SwapCheck , if set to true, EA opens trades with earning swap only.

UseNoTradingHours, if set to true, allows user to set 3 couple of time in order to stop trades opening during the time chosen ahead of economic news.

 

 

 

 


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ONE OF THE FEW ROBOTS WITH A SIGNAL HISTORY OF MORE THAN 3 YEARS AND AMONG THE TOP 10.   LINK TO MY ROBOTS AND SIGNAL PRESETS: In my profile there is a link to download the PRESETS that I use in my SIGNALS, you can download and Backtest for free, there are explanations in the my WebSite. https://www.mql5.com/en/users/tec_daniel   LINK TO OTHER ROBOT VERSIONS: MT4:  https://www.mql5.com/en/market/product/97963 MT5:  https://www.mql5.com/en/market/product/97962   SOME EXAMPLES OF SIGNALS ON “mql5.
Boring Pips MT4
Thi Thu Ha Hoang
4.6 (15)
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
Vortex Gold MT4
Stanislav Tomilov
4.93 (43)
Vortex - votre investissement dans l'avenir Le conseiller expert Vortex Gold EA a été conçu spécialement pour négocier l'or (XAU/USD) sur la plateforme Metatrader. Construit à l'aide d'indicateurs exclusifs et d'algorithmes secrets de l'auteur, cet EA utilise une stratégie de négociation complète conçue pour capturer les mouvements rentables sur le marché de l'or. Les éléments clés de cette stratégie comprennent des indicateurs classiques tels que l'indicateur CCI et l'indicateur parabolique, q
Recovery Manager Pro MT4
Ianina Nadirova
5 (1)
Recovery Manager Pro est un système permettant de récupérer les prélèvements d'autres conseillers ou de commandes ouvertes manuellement. RM Pro a la capacité de s’ajuster automatiquement et dynamiquement. Le trader doit sélectionner le niveau de risque et le conseiller travaillera en mode entièrement automatique. Peut fonctionner en mode de récupération et en mode veille ! Si un autre conseiller génère un prélèvement, RM Pro le désactivera, verrouillera la position et lancera le processus de re
Neural Cortex
Olivier Nomblot
NEURON CORTEX Live:  https://www.mql5.com/en/signals/2385985?source=Unknown The swarm decides. The swarm learns. The swarm knows when to stay out. try the 5M and 15m backtest ; better in real EXEPTIONAL STARTING BID BEFORE THE WORLD FINDS OUT  Most neural EAs sell you one network and call it artificial intelligence. Neuron Cortex runs five independent recurrent networks in parallel — a swarm — and refuses to touch the market unless four of them agree. One net is an opinion. Five nets in agreeme
Forex GOLD Investor
Lachezar Krastev
4.39 (51)
BUY 1 and GET 1 FREE - Promotion! Buy Forex GOLD Investor with a huge –60% discount and GET 1 FREE EA by your choice! Promo Price: $217 (Regular Price: $547 — You Save $330! ) After purchase contact me to get your GIFT EA! You can also contact me to get the list of available GIFT EAs! Forex GOLD Investor is one of the best expert advisors developed to trade on GOLD(XAUUSD) in the forex market. Forex GOLD Investor consists of 3 trading systems . The first one is based on scalping trading strat
HFT Prop EA
Manpreet Singh
4.93 (257)
HFT PROP EA is the High Frequency Trading Expert Advisor (EA/bot) designed to pass proprietary trading firms (prop firms) challenges which use stop orders to enter the trades when market is trending, It is basically designed for US30 just at opening of US30 in New York Session till it remain in its trending nature for 15-30 minutes, and using HFT PROP EA you can pass the challenge within few minutes for prop firms who doesn't have any lot size cap. To see its Live working you may check by signin
XGen Scalper MT4
Burak Baltaci
3 (2)
XGen Scalper MT4 - Système de trading automatique professionnel XGen Scalper est un Expert Advisor de pointe qui combine une structure algorithmique avancée et une analyse technique éprouvée pour offrir des résultats cohérents sur tous les marchés. Ce puissant système de trading fonctionne sans problème sur les paires de devises, les métaux précieux tels que l'or et l'argent, les crypto-monnaies et les indices de matières premières. Technologie algorithmique avancée Son algorithme breveté de
EA Gold Stuff
Vasiliy Strukov
4.7 (1091)
EA Gold Stuff est un Expert Advisor conçu spécifiquement pour le trading d'or. L'opération est basée sur des ordres d'ouverture utilisant l'indicateur Gold Stuff, ainsi l'EA fonctionne selon la stratégie "Trend Follow", ce qui signifie suivre la tendance. Les résultats en temps réel peuvent être consultés ici. Contactez-moi immédiatement après l'achat pour obtenir les réglages et un bonus personnel!  Vous pouvez obtenir une copie gratuite de notre indicateur Strong Support et Trend Scanner, v
Long Beach
Sergey Kasirenko
Long Beach EA est un système de suivi de tendance qui utilise l'indicateur des canaux de Keltner pour les entrées en position. Il surveille les canaux de Keltner supérieur, médian et inférieur. Lorsque le prix atteint ou franchit la limite supérieure du canal, l'EA achète ; lorsqu'il atteint ou franchit la limite inférieure du canal, il vend. L'EA détecte avec précision le début des tendances haussières et baissières et gère les positions ouvertes selon une stratégie de type martingale/grille j
Le Market Reversal Alerts EA est alimenté par l'indicateur du même nom (disponible ici) et se négocie en fonction des changements de structure du marché. L'EA prendra par défaut un échange chaque fois qu'une alerte d'inversion du marché est envoyée par l'indicateur et échangera ces alertes en fonction des conditions et des filtres que vous avez définis dans les paramètres EA. Il dessine des rectangles de support lorsque le prix évolue dans sa direction de tendance actuelle et se négocie lors
Mirror EA mt4
Vasiliy Strukov
5 (1)
Mirror EA est un système de trading automatisé conçu pour exécuter des transactions basées sur l'indicateur SmaSRS196, qui combine la moyenne mobile simple (SMA) et l'indice de force relative (RSI), et utilise un cadre d'optimisation sur 96 périodes. L'EA analyse en continu les conditions de marché afin d'identifier les opportunités de trading à forte probabilité. Il confirme la direction de la tendance grâce à la SMA et utilise le RSI pour détecter la force du momentum et les situations potent
Gann Gold EA MT4
Elif Kaya
4.75 (4)
- Final real price is 1000$ - Discount and price is 99$ (Next price is 200$),  Price will be increased after 2 purchases. Welcome, Gold GANN Expert opens automatically trade with Highly profit, Fixed small Stop loss. - Lifetime update free No Martingale, No Grid, No Scam I am focused on help my clients, not just earn. The Gann Gold EA is High safety by small fix Stop Loss, which sets trades based on good risk to reward ratio(1:3). It is fully worked on exploiting the volatility of the Gold mark
Luna AI PRO
Profalgo Limited
4.67 (3)
Promotion de lancement : Seulement 1 exemplaires disponibles à 399$ Prix ​​final : 2000$ Il n'y aura qu'un nombre limité d'exemplaires vendus de cet EA Libérez la puissance de l'intelligence artificielle et portez votre trading à des sommets sans précédent avec le   Luna AI Pro EA   , le robot de trading "mean reverse" le plus avancé du marché. Conçu pour répondre aux besoins des traders chevronnés et des débutants, ce système de pointe piloté par l'IA est équipé d'un large éventail de fonctio
BB Return mt4
Leonid Arkhipov
4.89 (18)
BB Return — un Expert Advisor (EA) pour le trading de l’or (XAUUSD). Cette idée de trading a été utilisée auparavant par moi-même en trading manuel . Le cœur de la stratégie repose sur le retour du prix vers la zone des Bollinger Bands , mais pas de manière mécanique ni à chaque contact. Sur le marché de l’or, les bandes seules ne suffisent pas ; l’EA utilise donc des filtres supplémentaires afin d’écarter les conditions de marché faibles ou non exploitables. Les positions sont ouvertes uniqueme
Universal Indicator EA, your ultimate solution to automate your trading strategy without any coding requirements. This powerful expert advisor is designed to work with any indicator that gives Buy and Sell Signals, making it a versatile tool for traders of all levels. With Universal Indicator EA, you can easily read signals from both Indicator Buffers and Objects on the Chart. You can also test your indicator on the demo account before purchasing to ensure that the EA is compatible with your ind
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NearTheMarket
Gianfranco Tanzi
NearTheMarket is a fully automated trading EA  with an excelent predicting criteria to enter into Market. First it opens market orders, buy or sell, with a predefined Take Profit. If after a specified time the trade is still open, the robobot deletes the Take Profit and opens a limited order with a lots amount equal to a multiple of lots of the market order. The mission of the robot is to get the PayOffPrice (average price of the net position) closer to market price. Again, if open orders are on
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FRTScalping
Gianfranco Tanzi
1 (1)
This Expert Advisor is our latest trading system and it is designed to work with EURUSD and GBPUSD . This EA produces good results with medium spreads. It opens a market order following the market trend and then it opens  Market Orders with different amount of lots to close all orders or single order in profit with small amounts. To close trades, it uses a cumulated closing function or a closing function for each trade opened. It works with  all time frames, better with lower TF,  and you can us
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This EA opens trades when a trend inversion occurs. Trades are normaly closed one by one. When an open trades must be recoverd, the EA opens reverse trades using the same criteria of standard orders. This is  the free and limited version of the FRT PriceAction Pro.  I suggest to use this EA, first with EURUSD at M1 or D1 , on an ECN account with a good leverage and low spread + commissions (not over 7 USD per lot). If you attach the robot to more than one parity on the same account, remember to
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NetRecoveryMangerATR    is an Expert Advisor that starts from a net long/short position and then opens additional positions using ATR-based levels, with a dynamic multiplier, and closes everything when the net PL exceeds a target. The opening of the first position is done automatically by the EA when market conditions, mobile averages and price action criteria, are met. The EA may be attached to any currency chart. EA will attribute automatically a specific MagicNumber to each used chart. The ti
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