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Yellow MT5 Hedge

Extended version for MetaTrader5 of famous Yellow Expert Advisor.

The fully automated Yellow MT5 Hedge EA works on short-term trend changes creating the price channel set in the parameters. Trading is carried out at the external borders of this channel by opening positions in different directions with different lot sizes.

The strategy is simple, but effective. With adequate money management, the probability of stable earnings is very high.

Presence of a sufficient number of parameters allows trader to customize the advisor in accordance with his trading style.


Terminal - MetaTrader5

Account type - only Hedge



Yellow MT5 Hedge is intended for trading any currency pair on H1 timeframe.

One of options of Set-files for several currency pairs can be found in comment #2.

Not martingale, not arbitrage.




Telegram: https://t.me/realforexrobots


Our popular scalper for MT4: SZ Scalper EA


Parameters


  • AutoLot - can be set to "true" or "false". If "true", the EA selects the initial lot size for trading depending on the balance value.
  • TradingLot - initial lot size is set by a user, if the value of AutoLot is false.
  • Risk - percentage of the deposit used for the automatic calculation of the lot.
  • MaxLotSize -maximal allowed trading lot. Change this parameter only if you really understand what you're doing.
  • DD - maximum allowed drawdown. If reached, all positions on the symbol will be closed. To continue trading on that symbol its EAMagic parameter must be changed.
  • TradingMode - selectable option for searching of market entering points. "Classic" - like in version for MetaTrader4. "New" - new entering points.
  • TakeProfit - take profit in points.
  • TrailingStop - trailing stop in points.
  • AutoPriceChannel - can be set to "true" or "false". If "true", the EA automatically determines the trading price channel.
  • ManualPriceChannel - value of the price channel in points for Yellow MT5 Hedge to open positions, if AutoPriceChannel=false.
  • ZeroPositions - if "true", the EA opens positions only if there are no other open positions on the trading account.
  • SaveDeposit - can be set to "true" or "false". If "true", the EA will close order series with minimal profit ignoring TakeProfit parameter.
  • TradeOnFridays - can be set to "true" or "false". If "true", the EA will open trades on fridays.
  • SafeMode - can be set to "true" or "false". If "false", built in additional filter will be turned OFF.
  • LotMult - lot multiplier for the next opened position.
  • AccountFillingType - type of order execution for this type of account. If the advisor does not open positions with default value of this parameter - select another type of execution.
  • CommissionFor1Lot - broker's commission for 1 lot, in the deposit currency. If your account does not have a commission, set it "0".
  • CommentOfOrder - comment to orders. Can take any value.
  • EAMagic1 - the magic number of the EA, that allows the advisor to work only with its positions. Must have different values for every chart.

Recommended broker - any.

Minimal recommended deposit - $300 for cent account (30000 cents) and lot 0.1. Account leverage - from 1:400 and higher.

Important! If there are open positions on your trading account, do not interfere with the Expert Advisor! The consequences can be unpredictable!

For the correct operation of the EA, the currency pair history for the H1 and D1 timeframe should be downloaded to the terminal. For that just switch your chart to D1 timeframe, and then - back to H1. This will be enough.

Parameters are set as for 4-digits servers. They will be automatically recalculated for 5-digits servers.

Do not update your terminal and do not move your currenct trading to another terminal, if there are opened current positions. It's important.


Backtest screenshots on different currency pairs are provided below.


I will be thankful for your positive reviews and ratings - it inspires me for further improvements of my Expert Advisors.


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PAVEL UDOVICHENKO
5 (2)
Experts
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MQL TOOLS SL
4.7 (100)
Experts
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Steve Rosenstock
3.67 (3)
Experts
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Antoine Melhem
4.44 (32)
Experts
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Magma Software Solutions UG
4.92 (12)
Experts
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Arseny Potyekhin
Experts
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Zaha Feiz
4 (10)
Experts
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MQL TOOLS SL
4.57 (109)
Experts
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MQL TOOLS SL
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MQL TOOLS SL
5 (11)
Experts
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4.46 (37)
Experts
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Stanislav Tomilov
4.87 (39)
Experts
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5 (3)
Experts
Rimangono 9 copie a $599 Prezzo successivo $699 Ciao trader! Se stai cercando un Expert Advisor che non entri a mercato a caso solo per sembrare attivo, ma che segua una strategia solida e ben strutturata, allora dai un’occhiata a Scalper Investor EA. Si tratta di un EA multivaluta già pronto per operare con una strategia di inversione ben studiata, e che a breve riceverà un aggiornamento con una strategia trend-following. Strategia di inversione – pronta all’uso Alla data di pubblicazione, l’E
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1.84 (87)
Experts
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William Brandon Autry
5 (36)
Experts
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Evgeniy Machok
4.27 (15)
Experts
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Evgeniy Machok
4.05 (21)
Experts
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Evgeniy Machok
5 (1)
Indicatori
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Evgeniy Machok
5 (1)
Indicatori
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SD Indicator MT4
Evgeniy Machok
Indicatori
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Evgeniy Machok
5 (2)
Experts
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Group5 Neuro MT4
Evgeniy Machok
Experts
Starting price - $200. Every week the price will change depending on the results of trading on a real account. The Group5 robot is a representative of neural network automatic trading systems. Outdated techniques for creating trading algorithms, when the authors manually searched for and fixed patterns of price behavior in the Forex market, are gradually becoming the past, and now this process is becoming increasingly automated. The trading robot itself finds patterns in price behavior, evaluat
SD Indicator MT5
Evgeniy Machok
Indicatori
The SD Indicator is a powerful tool in the world of Forex trading, that combines two classical strategies: Support/Resistance levels and Supply/Demand zones. The indicator helps traders to identify potential trading opportunities in the market with high accuracy. Support and resistance levels are key price levels where buying and selling pressure converge, leading to potential price reversals. The SD Indicator identifies these levels in real-time and provides traders with a clear picture of whe
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Evgeniy Machok
Experts
Starting price - $200. Every week the price will change depending on the results of trading on a real account. Fully automatic trading robot Regal Spear is the result of many years of monitoring the behavior of the market. Analyzing the received data, I came to the conclusion that it is necessary to give all the available information to some automatic system, which will estimate a possibility of market entering at one moment of time or another by itself. The result of this work was the creation
Group5 Neuro MT5
Evgeniy Machok
Experts
Starting price - $200. Every week the price will change depending on the results of trading on a real account. The Group5 robot is a representative of neural network automatic trading systems. Outdated techniques for creating trading algorithms, when the authors manually searched for and fixed patterns of price behavior in the Forex market, are gradually becoming the past, and now this process is becoming increasingly automated. The trading robot itself finds patterns in price behavior, evaluat
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Versione 2.1 2020.04.07
Code was corrected to make trading safier.
New parameters for version 2.1 can be found in comments.
Versione 2.0 2020.03.21
Code was optimized.
Versione 1.9 2020.01.28
Code was potimized.