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P Project

P Project is a dynamic and intelligent Expert Advisor meticulously crafted for traders seeking an effective strategy in the forex market. This EA employs a robust approach, utilizing pivot points to analyze market trends and make strategic trading decisions.


This EA has passed a 5++ year backtest


Key Features:

  1. Pivot Point Analysis: P Project leverages pivot points to analyze market trends comprehensively. This allows for a nuanced understanding of price movements, enabling the EA to make informed and strategic trading decisions.

  2. Stop Loss and Take Profit: The EA integrates a sophisticated stop-loss and take-profit mechanism, providing traders with precise risk management and profit-taking strategies.

  3. Money Management: P Project incorporates advanced money management techniques, empowering traders to customize lot sizes based on their risk tolerance and account size. This feature helps protect capital and optimize returns.

  4. Limit Order Utilization: The EA utilizes limit orders to enhance precision in entry points, ensuring that trades are executed at optimal levels. This strategy minimizes slippage and maximizes potential returns.


Parameters:

  1. MAGIC_NUMBER
  2. COMMENT
  3. STOPLOSS : if set = 0, stoploss will automatically placed on Pivot.
  4. STOPLOSS_TOLERANCE : add tolerance for stoploss
  5. TAKEPROFIT :  if set = 0, takeprofit will automatically placed on Pivot.
  6. TP_MULTIPLE : takeprofit multiplier
  7. LOSS_MANAGEMENT : risk management lot, for example if the value is 1, then each transaction hit SL will consume 1% of the balance
  8. LOT_OP_MARTI : next lot will multiplier after transaction hit SL
  9. PIVOT_BACKSTEP : the number of pivots that will be displayed on the chart
  10. PIVOT_TIMEFRAME 
  11. PIVOT_MODE : (CAMARILA,WOODIE,NORMAL,DEMARK,FIBONACCI)
  12. USE_SR 1-4  
  13. ORDER_TYPE_R1-R4 : the type of order that will be executed when the price touches the pivot resistance
  14. ORDER_TYPE_S1-S4 :  the type of order that will be executed when the price touches the pivot support


Note : we have a best setting ever for some pair we have backtested this EA. you can access this setting in this url : (https://drive.google.com/drive/folders/1VMJcW12N8AP164zXyTdnXn1aYQISqUMl?usp=sharing)


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Versão 1.2 2024.03.24
# 1.2
> Added Panel