A professional fully automated trading advisor that implements a medium-term trading system.
Each trade is protected by a fixed stop-loss.
In one Expert Advisor three strategies are implemented, each strategy works separately from the other one. Each strategy uses a unique Magic number, which is generated by based on one common with the addition of several numbers at the end.
Trend-tracking trading system with work in the flat. There can always be up to 3 orders in one direction inclusive. High trading activity - up to 80-90% of the Expert Advisor time in the market. The Expert Advisor starts trading immediately after it is placed on the chart (if there are trading conditions), so choose a small risk to avoid an immediate drawdown!
Currency pair EURUSD
Working timeframe H1
To diversify risks, it is possible to use several Expert Advisors on the same account at the same time. Simply download ready-made set-files and use them simultaneously, while reducing risks is advisable.
Trading lot - you specify in the settings the lot that will be used by each of the three strategies, if you specify 0.03, then each
strategy will use 0.03 lot - in the amount of 0.03x3=0.09 lot, this is for 1000$, if you run three EAs, then specify 0.01 for the strategy, so the
total sum will be same 0.01x3=0.09 lot for 1000$- is medium risk
In short: 1 Expert Advisor for 1000$ - specify 0.03 lot
3 Expert Advisors for 1000$ - specify 0.01 lot
To take a profit, each trade is provided with its take profit and there is also a possibility to use a trailing stop.
Depending on the volatility, there can be up to 40 x 3 deals per month on average. The time to hold positions ranges from a few minutes to a few days.
The trading advisor is not sensitive to the spread and does not require fast execution of trading orders. However, it is advisable to use ECN brokers with lower spread and minimum StopLevel for setting Stop Loss and Take Profit. It works only with 5-digit quotes.
The Expert Advisor is easy to use and suitable for both experienced traders and beginners. The Expert Advisor comes with optimal parameters and the user sets only traded lot, Magic number, time offset and other settings. Optimization is on the author's side. Here you can find more details:
- The Expert Advisor does not need to be optimized by the user. Green EYE is equipped with a unique system of strategy correction based on hash strings (command lines).
- On the author's side, command hash strings are generated for each strategy that slightly changes the EA's behavior in the current, changing market.
- Set Files with command hash strings are published as needed in the blog and/or here. During the operation of the Expert Advisor, the user can download instructions for existing strategies, thus adapting its work to the changing market.
Expert Advisor does not depend on trading mode (demo/real), and there and there trading is identical. However, for different brokers the trade may slightly differ due to the difference in quotes of different brokers.
In a strategy tester, you cannot use an open-price testing model and control points, as this will give a wrong result
Description of parameters, as well as details about the system of strategy correction (hash string, hash strategy) can be found in blog - https://www.mql5.com/en/blogs/post/734701
EA SETTINGS are here: https://www.mql5.com/en/blogs/post/734702
SET-FILES (with updates) here: https://www.mql5.com/en/blogs/post/734835
The expert advisor has been in development since 2019
Past results do not guarantee future performance
Changes in the information panel, deletion of some unnecessary text labels, also small additions
Fixed the bug of not enough bars for users of some brokers, if the history was not loaded
Optimization of the inside engine and distribution of strategies with different periods with the possibility of working in dafault mode
Adding new set files. New set files will be available at https://www.mql5.com/en/blogs/post/734835 a little later (19-20 May 2020)
Fixed error in trailing stop operation
Fixed error output in log file
Removed two parameters in the Expert Advisor
-Use AutoTime Offset, ?
-Manual Time Offset, hours
Instead of them there is now one parameter - +Broker's GMT Time Offset, hours - here is the time offset of your broker relative to GMT time in hours.
You can check the GMT time on the Internet.
(formula)Broker's GMT Time Offset, hours = Broker's time - gmt time (for example for roboforex Broker's GMT Time Offset = 3). Or ask your broker what the offset is.
Fixed errors with loading strategies
Fixed minor bugs
Small changes in the info panel
Added a parameter for setting a comment on trades
Changed the icon in the Expert Advisor, and the size of the ex4 executable file was reduced by half
Has optimized the code in some places.
Removed mistakes in the EA panel