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Fake out strategy

This expert advisor finds and operates the Fake out pattern, the search algorithm and its management can be adjusted from the Bot's configuration parameters. 

Features:

- Designed to operate with any type of asset.

- It is possible to set the time range in which the expert advisor will operate.

- Trailing stop managed internally by the algorithm.

- Partial position closing (partial profit taking), when the price has moved in favour of the position.

- Take profit automatically adjusted by the algorithm, Stop loss adjustable by configuration parameters.

- Volume of each trade adjustable by parameters.

- The user can configure the expert advisor to trade without taking into account the exponential average.

- The user can configure the expert advisor to trade without partially closing trades (avoids partial profit taking).



Configuration parameters:

volume: Volume set for each trade.

ratioSL: Ratio SL/TP, a value of 0.5 would place the Stop loss at half the calculated Take profit distance (e.g. Take profit: 100 points --> Stop loss: 50 points).

magicNumber: Magic number.

startHour: Time from which the expert advisor starts trading.

endHour: Time from which the expert advisor stops trading.

emaPeriod: Period of the EMA (exponential moving average) used in the algorithm.

useEma: true --> uses the EMA in the algorithm, false --> trades without taking the EMA into account.

useClosePartial: true --> closes half of the trade when the price moves in favour and executes the trailing stop, false --> trades only with Take profit and Stop loss without closing trades partially.


I do not think it is realistic to post screenshots of the performance of the expert advisor, as this would vary depending on the parameters, assets, etc... Instead I recommend that you try the expert advisor yourself and determine whether it works properly.


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benvenuto a       Versione GoldExcel EA MT5   , trading valido per la coppia di valute XAUUSD (GOLD) di oggi. È stato progettato dal nostro team per gestire account regolari, account sponsorizzati e attività. Non utilizzare il trading ad alta frequenza. See all products here:   https://www.mql5.com/en/users/fxmanagedforexltd/seller Il prezzo iniziale aumenta ogni poche settimane. Trading PERFORMANCE Accounts (over 6+ months verified live trading) on 2 brokers Live $1K Start Now $19.5K (Risk Setu
Daytrade Pro Algo MT5
Profalgo Limited
4.5 (10)
Promozione lancio: Numero limitato di copie disponibili al prezzo corrente Prezzo finale: 990$ Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP:   Click here Set Files Benvenuto in DayTrade Pro Algo!   Dopo anni di studio dei mercati e programmazione di diverse strategie, ho trovato un algoritmo che ha tutto ciò di cui ha bisogno un buon sistema di trading: È indipendente dal broker Si sviluppa indipendente Mostra backtest mol
Altri dall’autore
Divergence Macd Rsi
Julian Gonzalez Conde
This expert advisor finds divergences and opens a buy or sell position taking into account the input parameters set by the user. Positions are opened once the divergence is detected and the pullback signal is triggered. The condition for a divergence to occur, is that the price moves in a different direction to the MACD and RSI. The type of divergences and the frequency at which they are detected depends entirely on the inputs entered by the user.  Features Functional for any symbol or period
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anairo
564
anairo 2022.08.28 08:44 
 

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Versione 1.2 2022.04.19
The input parameter "ratioSL" has been replaced by the parameter "ratioOffsetSL", now the stop loss is placed above the high of the day, or below the low, depending on the case. A small margin will be added which is given by this parameter.
Versione 1.1 2022.03.31
Minor changes for efficiency improvement.