MA7 Viola C2 MT5

Description of work

The MA7 Viola C2 expert advisor is based on the MA7 Viola indicator. When a signal appears, the expert advisor opens a position, sets a stoploss and takeprofit, and after opening the position, accompanies it until it is closed. After receiving a loss, the expert advisor increases the volume.

Detailed information about the MA7 Viola indicator.

Features of work

Designed to work on hedge accounts;

Recovers your data in case of a sudden power outage;

Stoploss and takeprofit are not installed on the server; the expert advisor itself closes positions when these levels are reached.

Note: before running the expert advisor, the settings need to be optimized for a specific financial instrument and timeframe.

Detailed information about the expert advisor settings can be found in the article "Expert advisors of class C2".

Expert advisor settings

General settings:

Timeframe – timeframe from which signals come;

Magic – designed to identify your positions.

Money management settings:

Position volume – position volume, lots;

Multiplier after loss – position volume multiplier after a losing position;

Loss number before increasing volume – number of losses before the position volume increases;

Losses number to reset volume – number of losses to reset the position volume.

Position opening settings:

MA7 Viola settings – settings of the MA7 Viola indicator:

Difference – difference between the last two MA values, percentage;

Period;

Method;

Apply to;

Remove subsequent arrows – removes subsequent arrows in one direction.

Position closing settings:

StopLoss – distance to loss limitation, points;

TakeProfit – distance to profit taking, points;

Display settings:

StopLoss color;

StopLoss line style;

StopLoss line width;

TakeProfit color;

TakeProfit line style;

TakeProfit line width.

MA7 Viola indicators:

MA7 Viola MT4;

MA7 Viola MT5.

Expert advisors based on the MA7 Viola indicator:

MA7 Viola C1 MT4;

MA7 Viola C1 MT5.