GerFX EA Protection Filter MT5

5

The EA Protection Filter (MT4 version here) provides a news filter as well as a stock market crash filter, which can be used in combination with other EAs. Therefore, it serves as an additional protective layer for other EAs that do provide such filters. 

During backtest analysis of my own night scalpers, which already use a stock market crash filter, I noticed that the historic drawdown,  especially during stock market crash phases like 2007-2008, was reduced significantly by using such a filter. 

This type filter usually only makes sense in combination with scalpers that want to avoid fast markets, so don't use it on impulse/price action strategies! 

Also, there is no guarantee that using this filter will be more profitable compared to the normal trading. 


How it works:


In MT4 an EA is not allowed to modify other EAs for safety reasons. However, it is possible to close and re-open charts, which can be used to turn on/off other EAs. 

The EA will also be able to close existing open positions or pending orders based on the given magic numbers or comments you provide as input. 


Important notes:


- Chart open/close operations can fail with internal errors, especially if the CPU is not strong enough or if there is high CPU demand. Therefore there is no guarnatee for this solution to work continually. 

- Please test the filter on DEMO account first!

- Open an M1 chart for the stock market symbol (for example US500) before starting the filter to force MT4 to load the historic data. 

- First arrange all charts and EAs that you want to use in combination with this protection filter. Then save the profile in case something goes wrong: File -> Profile -> Save As...

- Please allow requests to http://fxdata.cc and http://backup.fxdata.cc.

- Attach this EA to a new chart of any symbol after (!) all other EAs are loaded.

- Before you close the MT4 or remove the EA press the button on the chart "Turn filter OFF (opens all charts)" to re-open all charts. Else it will not remember closed charts. 

- It cannot be guaranteed that the other EAs are compatible with this filter. Make sure that the EAs are ok with being removed and initialized possibly multiple times a day ( best ask the developer). 

- Charts can only be filtered by symbol/timeframe, but open trades only by magic/comment. So you have to find a combination that makes sense for your EAs. 


Parameters:

Please read this blog post for a detailed description of additional parameters. 
  • includeTimeFrames  - a comma separated list of time frames that should be monitored. For example, if you have non-scalpers on H1 that should not be closed, delete H1 from this list. 
  • excludeSymbols -a  comma separated list of symbols that should be excluded (if you have other EAs that should not use this filter)
  • magicNumbersToCloseOpenPositions - a comma separated list of magic numbers, for which positions should be closed
  • commentsToClosePositionsExact - a comma separated list of comments, for which positions should be closed (exact match)
  • commentsToClosePositionsIncluding - same as the last parameter, but here the comment only has to be included, not an exact match
  • sleepSecondsBetweenChartOpen - to avoid terminal overload
  • filePrefix - name for the saved template files
  • debugMode - more information in Expert log

  • signalSymbol - symbol for the SP500 on your broker
  • maxPercentageChange - the maximum allowed percentage change for the stock filter to trigger
  • lookbackHours - period of the stock market movement
  • minimumKeepClosedMinutesStockFilter - minimum time to keep the chart closed after stock market filter triggered 

  • closeMinutesBeforeEvents - minutes before events when charts and positions will be closed
  • pauseMinutesAfter... - minutes after events for which the charts will be kept closed
  • minimumKeepClosedMinutesNews - minimum time to keep the chart closed after news filter triggered
  • useBreakingNewsFilterSignals - If you have the breaking news filter, its signals can be used. It works only within start/end hour of the normal news filter!

  • startHourGMTwinter - start hour for the stock market filter. In summer all times will be automatically shifted 1 hour. 
  • endHourGMTwinter - end hour for the stock market filter
  • startHourGMTwinterNews - start hour for the news filter
  • endHourGMTwinterNews - end hour for the news filter



Recensioni 1
Lucy
550
Lucy 2022.03.17 14:41 
 

Great author from Germany. This is not less expensive, but it can be used for various strategies. Must buy.

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Dedicated for FTMO and other Prop Firms Challenges 2020-2024 Trade only GOOD and checked PROP FIRMS  Default parameters for Challenge $100,000 Best results on GOLD and US100  Use any Time Frame Close all deals and Auto-trading  before  US HIGH NEWS, reopen 2 minutes after Close all deals and Auto-trading  before Weekend at 12:00 GMT+3  Friday Recommended time to trade 09:00-21:00 GMT+3 For Prop Firms MUST use special  Protector  https://www.mql5.com/en/market/product/94362 --------------------
Introducing TEAB Builder - The Ultimate MT5 Expert Advisor for Profoundly Profitable and Customizable Trading!     Are you ready to take your trading to the next level? Meet TEAB Builder, an advanced MT5 Expert Advisor designed to provide unparalleled flexibility, high-profit potential, and an array of powerful features to enhance your trading experience. With TEAB Builder, you can effortlessly trade with any indicator signal, allowing you to capitalize on a wide range of trading strategies.  
Chart Walker Analysis Engine
Dushshantha Rajkumar Jayaraman
Chart Walker X Engine | Machine-led instincts Powerful MT5 chart analysis engine equipped with a sophisticated neural network algorithm. This cutting-edge technology enables traders to perform comprehensive chart analysis effortlessly on any financial chart. With its advanced capabilities, Chart Walker streamlines the trading process by providing highly accurate trading entries based on the neural network's insights. Its high-speed calculations ensure swift and efficient analysis, empowering tra
The Wall Street Player master
Lancine Stanislas Traore
The Wall Street Player (Master version). This EA tailored as a Discipline, Money and Risk Management tool is a powerful Trade Station utility designed for Forex, Cryptos, Commodities, Shares, Deriv synthetic pairs and any CFDs Market. It is designed to fit your strategy as a winner, and take your Edge of the market to the NEXT-LEVEL. The only thing to do is to get It on your chart and appreciate the possibilities and chart management abilities it has to offer for realizing that discipline and a
Cheers, traders! In today's video, dive into the world of advanced trading with our exclusive Trade Panel. This Cyber Monday, we're offering a special deal – get access for only $27 instead of the usual $60! In this tutorial, we explore a semi-automated trading system that empowers manual traders to seize opportunities effectively. Watch as we demonstrate using real market scenarios, showing you how to set up trades, manage risk, and maximize profits. Key Features of the Trade Pan
The Wall Street Player (Ultimatum version). This EA tailored as a Discipline, Money and Risk Management tool is a powerful Trade Station utility designed for Forex, Cryptos, Commodities, Shares, Deriv synthetic pairs and any CFDs Market. It is designed to fit your strategy as a winner, and take your Edge of the market to the NEXT-LEVEL. The only thing to do is to get It on your chart and appreciate the possibilities and chart management abilities it has to offer for realizing that discipline and
Discover a New Wave Trading Strategy - Suitable for Currency Pairs like AUDUSD.s Strategy Highlights : Specially Designed Trend Indicator Graphics : Our strategy offers a unique graphical interface to help traders identify and capitalize on market fluctuations. Backtesting Validation : Traders are encouraged to backtest currency pairs like AUDUSD.s to validate the effectiveness of our strategy. Flexible Time Frames : Default recommendation is to trade in the 15-minute (M15) time frame,
Adam FTMO MT5
Vyacheslav Izvarin
5 (2)
ADAM EA Special Version for FTMO Please use ShowInfo= false for backtesting ! Our 1st EA created using ChatGPT technology Trade only GOOD and checked PROP FIRMS  Default parameters for Challenge $100,000 Tested on EURUSD and GBPUSD only  Use 15MIN Time Frame Close all deals and Auto-trading  before Weekend at 12:00 GMT+3  Friday For Prop Firms MUST use special Protector  https://www.mql5.com/en/market/product/94362 --------------------------------------------------------------------------------
Sabira Reactive
Gounteni Dambe Tchimbiandja
IMPORTANT NOTE THIS EA IS NOT FULLY AUTOMATED, IT ONLY TAKES POSITIONS IN ZONES YOU DEFINE IT ASSISTS YOU. SO YOU NEED TO WATCH THE CHART CLOSELY THE MAIN POINT OF THIS EA IS TO FORCE THE TRADER TO RESPECT ENTRY RULES <<CONFIRMATION IS THE KEY>>. SO THE TRADER WILL ONLY LOOK FOR ZONES THE EA WILL LOOK FOR CONFIRMATION CANDLES AND ENTER IF A CONFIRMATION IS FOUND FOR EXAMPLE: If price is in a Bullish zone. Rule, look for buys. If Bullish Candlestick Pattern  or any other bullish candle pattern s
The main function of this EA: Quick batch modification stop profit stop loss to the specified price position. For example: you have five XAUUSD  BUY orders, the opening price is 2510, 2508, 2506, 2504, 2495you can through this EA, batch unified change the profit is 2530, stop loss is 2480.Good luck with your deal! Wechat:FX-AIEA QQ:2813871972 Email:lxy284628@163.com Wechat public account: Xinyou Jinke FXAIEA.com Welcome to your attention ( Xinyou Jinke FXAIEA.com) Around A1, big data, cloud com
Altri dall’autore
GerFX QuantFlow Scalper
Exler Consulting GmbH
Before you buy a night scalper please be aware of the risks involved: Past performance is no guarantee of future profitability (the EA could also make losses).  The backtests shown (e.g. in screenshots) are highly optimized to find the best parameters but therefore do not give a realistic prediction of future profitability. Any mean reversion can get caught on the wrong side of a fast movements due to unexpected news or flash crashes. This strategy will always use a stop loss, but still executi
In the current version this filter will only work with my   night scalpers and the EA Profitection Filter  or with other EAs that utilize the global variables set by this EA.  An MT5 version is availalble   here .  Many scalpers these days have a "normal" news filter, which filters calendar news such as interest rate decisions or CPI releases.  However, this breaking news filter is able to filter non-standard breaking news. It will check every minute for news and if it finds a news event, it w
The EA Protection Filter ( MT5 version here ) provides a news filter as well as a stock market crash filter, which can be used in combination with other EAs. Therefore, it serves as an additional protective layer for other EAs that do provide such filters.  During backtest analysis of my own night scalpers, which already use a stock market crash filter, I noticed that the historic drawdown,  especially during stock market crash phases like 2007-2008, was reduced significantly by using such a fil
GerFX Crypto Maniac
Exler Consulting GmbH
Please be aware of the risks involved using an automated trading strategy: Past performance is no guarantee of future profitability (the EA could also make losses).  The backtests shown (e.g. in screenshots) are optimized to find the best parameters but therefore do not give a realistic prediction of future profitability. This strategy will always use a stop loss, but execution of the SL depends on your broker, so losses can be larger if there is slippage. LAUNCH PROMO: Only a few copies left
In the current version this filter will only work with my   night scalpers and the EA Profitection Filter  or with other EAs that utilize the global variables set by this EA.  An MT4 version is availalble here .  Many scalpers these days have a "normal" news filter, which filters calendar news such as interest rate decisions or CPI releases.  However, this breaking news filter is able to filter non-standard breaking news. It will check every minute for news and if it finds a news event, it will
GerFX Crypto Maniac MT5
Exler Consulting GmbH
2.33 (3)
Please be aware of the risks involved using an automated trading strategy: Past performance is no guarantee of future profitability (the EA could also make losses).  The backtests shown (e.g. in screenshots) are optimized to find the best parameters but therefore do not give a realistic prediction of future profitability. This strategy will always use a stop loss, but execution of the SL depends on your broker, so losses can be larger if there is slippage. LAUNCH PROMO: Only a few copies left
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Lucy
550
Lucy 2022.03.17 14:41 
 

Great author from Germany. This is not less expensive, but it can be used for various strategies. Must buy.

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