ReboundModifyIntellectMT4

One of the main goals in the development of this Expert Advisor was ease of use. As a result, this EA has a minimum of parameters, which are easy to understand. At the same time, it is very flexible and customizable for almost for any instrument (currency pair).


The logic

According to the given algorithm, the EA determines local support and resistance levels (at startup, the previous quotes are disregarded). When a candle closes beyond any level, a deal is opened in the opposite direction, expecting a price rebound. By default, take profit and stop loss are set at a ratio of 1:1, but you can change this in the parameters, if necessary. The maximum number of simultaneously open deals is 3. This is a safety measure, which prevents opening a lot of deals against a trend when it is formed. If the price breaks through the resistance level and continues to move in the same direction, the EA will monitor the formation of a new support level. If it is formed, all open positions will be modified, bringing their take profits closer to the new support level. Such manipulation allows minimizing losses. You can also enable filtering of deals using the RSI indicator values (it is not necessary to run the indicator itself).


Parameters

  • StartHour - hour to start working in the active mode.
  • StartMinute - minute to start working in the active mode.
  • StopHour, StopMinute - time to stop working and to switch to standby mode. For trading around the clock, set all parameters to 0.
  • TrailPoints - the number of points in profit to modify a deal.
  • SLTrail - the number of points for breakeven. Trailing will be triggered only when a new candle is formed.
  • NoModSell - when set to true, open sell deals will not be modified when a new support level is formed. If set to false, there are no restrictions on the modification.
  • NoModBuy - the same logic as in the previous parameter. Only for buy deals.
  • Intellect - allow the EA to automatically make decisions on the modification of deals. Set to true to activate, set it to false to disable. In most cases, the use of this parameter has a good effect.
  • ProfitPlus - the stop loss and take profit are set a ratio of 1:1 by default. This parameter allows increasing the take profit value by the specified number of points relative to stop loss.
  • UseRSI - enable filtering of deals, true/false.
  • RSI_Period - period to calculate the indicator values: Min = 5, Max = 30.
  • Lot - volume for every deal. The volume is fixed.

I hope you will agree that it is quite easy to understand these parameters.

Please note that quotes of different brokers may vary. So the results can be different.

The recommended deposit is 500 USD per currency pair with Lot = 0.01.

Be sure to test, combine the parameters, optimize before use and the results will not keep you waiting.

Have a happy trading.

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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
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Lachezar Krastev
4.47 (51)
Experts
ULTIMATE SALE! Get Forex GOLD Investor with a huge –60% discount ! Special Ultimate Price: $217 (Regular Price: $547 — You Save $330!) 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 strategy, the second system has time based dependency which opens up to 2 trades at a time and the third system is based on breakout strategy. It has been t
TW Sniper EA MT4
Altan Karakaya
Experts
TW Sniper EA – Gold Scalping Expert Advisor per il Trading di Trend su XAUUSD TW Sniper EA MT4 è un avanzato Forex Expert Advisor per il trading dell’oro, progettato con una logica precisa basata sul trend per garantire prestazioni stabili anche in condizioni di mercato altamente volatili. Questo potente robot di scalping dell’oro si concentra sul trading di XAUUSD durante le sessioni principali, assicurando una crescita costante e un rigoroso controllo del rischio con una gestione professionale
Bitcoin Wizard 16
Sugianto
Experts
Hello All, good news, the very famous Bitcoin Wizard version 1.6 is now available on the mql5 website which works very smoothly. Bitcoin Wizard – Automated Bitcoin Trading System Bitcoin Wizard is an advanced automated trading system designed specifically for Bitcoin trading . It identifies strong market momentum by analyzing high–low price levels within specific periods and executes pending orders to capture breakout opportunities. Built for traders who want a fully automated solution , Bitcoin
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DMITRII GRIDASOV
5 (3)
Experts
MULTI SNIPER EA è un sistema di trading automatico preciso con una precisione di circa il 90% per la piattaforma MT4. Questo EA di scalping redditizio è davvero uno dei sistemi più stabili attualmente sul mercato.   No grid! No martingale! È un prodotto originale offerto solo su questo sito web MQL5. Scarica EA Set_files per test e trading:   GBPAUD Set_file   GBPCAD Set_file - Implementato il metodo dell'interesse composto e tecniche di scalping. - Il sistema imposta automaticamente uno SL d
Forex Dominance MT4
Ebrahim Mohamed Ahmed Maiyas
5 (1)
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
Stratos Mistral mt4
Michela Russo
Experts
LAUNCH PROMO Limited stock at the current price! Final price: $1999 --> PROMO: From $299 --> Tomorrow’s price: $399 Stratos Mistral is a robust forex trading robot designed for traders who value reliability, simplicity, and professional-grade performance. Powered by a proven combination of ADX, Moving Average, and High/Low Level indicators, Stratos Mistral delivers high-quality signals and fully automated trading on the M15 timeframe. It features a robust, pre-optimized configuration, ensuri
Indicement MT4
Profalgo Limited
5 (2)
Experts
Benvenuti a Indicement! PROP FIRM PRONTO! -> scarica i file del set   qui PROMOZIONE DI LANCIO: Ne sono rimaste solo poche copie al prezzo attuale! Prezzo finale: 990$ NEW: Choose 1 EA for FREE! (limited to 2 trading account numbers) Offerta Combo Ultimate     ->     clicca qui UNISCITI AL GRUPPO PUBBLICO:   Clicca qui   VERSION 4.0 LIVE RESULTS OLD VERSION FINAL RESULTS INDICEMENT   mette a frutto i miei 15 anni di esperienza nella creazione di algoritmi di trading professionali per i mercati
Javier Gold Scalper V2
Felipe Jose Costa Pereira
5 (4)
Experts
Javier Gold Scalper: La nostra tecnologia al tuo fianco! Manuale e file di configurazione: contattami dopo l'acquisto per ricevere il manuale e i file di configurazione. Prezzo: il prezzo aumenta in base al numero di licenze vendute. Copie disponibili: 5 Fare trading sull'oro, uno degli asset più volatili del mercato finanziario, richiede elevata precisione, un'analisi accurata e una gestione del rischio estremamente efficace. Il Javier Gold Scalper è stato sviluppato proprio per integrare ques
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Rebound Modify
Piminov Sergey
Experts
If you are looking for an easy-to-use Expert Advisor, then this is what you need. No settings. All that is required of you is to choose a currency pair, a timeframe and allow automatic trading for the EA. The strategy of the expert is based on the local support and resistance levels. When a candle closes beyond any level, an order is opened in the opposite direction, expecting a price rebound. The maximum number of orders opened at a time is limited to 3. This is a safety measure, which prevents
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Perforation Modify MT4
Piminov Sergey
Experts
One of the main goals in the development of this Expert Advisor was ease of use. As a result, this EA has a minimum of parameters, which are easy to understand. At the same time, it is very flexible and customizable for almost for any instrument (currency pair). The logic According to the given algorithm, the EA determines local support and resistance levels (at startup, the previous quotes are disregarded). When a candle closes beyond any level, a deal is opened in the same direction. By defau
ReboundModifyIntellect
Piminov Sergey
Experts
One of the main goals in the development of this Expert Advisor was ease of use. As a result, this EA has a minimum of parameters, which are easy to understand. At the same time, it is very flexible and customizable for almost for any instrument (currency pair). The logic According to the given algorithm, the EA determines local support and resistance levels (at startup, the previous quotes are disregarded). When a candle closes beyond any level, a deal is opened in the opposite direction, expe
Perforation Modify
Piminov Sergey
Experts
One of the main goals in the development of this Expert Advisor was ease of use. As a result, this EA has a minimum of parameters, which are easy to understand. At the same time, it is very flexible and customizable for almost for any instrument (currency pair). The logic According to the given algorithm, the EA determines local support and resistance levels (at startup, the previous quotes are disregarded). When a candle closes beyond any level, a deal is opened in the same direction. By defau
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