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Comets

Expert system Comets goes through the whole history and all currency pairs with one single setting. The more delay your broker has in the amount of the Internet channel, the higher you need to set stop loss, take profit, and trailing stop so that the server can process them at the required price and the lower the trading frequency will be.

Expert Advisor - works using sharp tick movements. The uniqueness of the Expert Advisor is that it can be run on any hourly period, on any currency pair and on the server of any broker. This makes the Expert Advisor quite attractive to use for trading. It is recommended to work on liquid Forex pairs with a low spread. The lower the commission and the spread, the greater the profit. You can start using it with $ 100 and 0.01 lot. A small initial deposit also contributes to the low-risk testing of the bot.

The MaxSpread parameter plays a key role. It should be noted here that if during optimization and testing you use a spread, for example, 10 pips (or 1 point), then this parameter should be set exactly so that the Expert Advisor cannot enter the market with other spread indicators. As a consequence, there will be a significantly smaller number of entries than during testing (since a really small spread is not often encountered). The existing positions will be fairly accurate and match the readings of the tester as much as possible. This is the main difference between the tester's indicators and the real operating mode (it is advisable to use an account with a floating spread).

If there is a commission on the account, then the Commission parameter must be set so that it will be taken into account during optimization and operation. You need to pick it up by recalculating the commission in pips and set the indicator in pips as an addition to the spread.

Parameters:
  • Magic is a normal parameter, a magic number.
  • Risk - calculates a lot depending on the deposit.
  • Lot - sets the lot size for entering the market (the priority is higher than that of the Risk field).
  • MaxSpread - the maximum allowable spread with which the Expert Advisor will open a position.
  • TakeProfit - take profit in pips.
  • StopLoss - stop loss in pips.
  • TrailingStart - in how many pips the trailing stop will be activated.
  • Commission is an important parameter (like the spread) for those accounts that use commission.
  • Slippage - the level of maximum slippage.
  • VolatilityMultiplier - this parameter allows placing an order only if the volatility is higher than this relative parameter (the higher the parameter, the more active price movements will be needed to enter the market).
  • VolatilityPercentageLimit - indicates that the order will be placed if the ratio of real volatility to the selected VolatilityMultiplier parameter is greater than the specified value in percentage.
  • OrderExpireSeconds - pending order life time in milliseconds.
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