MA Channel Pro
This is an automated Forex Expert Advisor. The trading system is based on the breakout of channel of the Moving Averages and my adaptive template. It uses a completely different approach to trading. The EA template is developed so that the signals are not followed literally, instead they provide a reason to a certain action since the signal may turn out to be false, while the price may go in the opposite direction. Depending on the basic settings, the EA may use pending (Stop and Limit) or market orders. Several orders may be opened at once for both averaging and adding to positions. Depending on the situation, different orders may be opened for diversifying risks. Their closure can be either an oppositely directed or unidirectional basket of orders. Take profit, stop loss, breakeven and trailing stop can be in pips, deposit currency or balance %.
The channel of moving averages is based on the High/Low price.
Signal: the Bid price is above or below the channel of moving averages.
VPS server is recommended. The recommended minimum deposit is 1,000 units of the base currency. The EA is to be used on highly liquid currency pairs with a small spread/commission (for example, EURUSD, GBPUSD, AUDUSD, USDJPY, USDCHF, USDCAD, NZDUSD).
- A completely different approach to real trading in current market conditions.
- Simultaneous operation directed both at averaging (orders grid) and addition (pyramiding) of positions.
- Different modes/methods for fixing profit/loss.
- It does not require special trading conditions or high speed of execution.
- The product works both with small and large deposits and any broker.
- Resistant to connection losses, gaps, slippages and spread expansions.
- Fast testing and optimization of parameters.
Important! Keep in mind that this is only a program and not a Grail. Only you should decide when and where to use it. Make sure you test the program in the strategy tester in visual mode and understand all the settings before you make the purchase. Please contact me if you have any questions. I hope, this product will be helpful. If you like my product, please leave your feedback.
Parameters of the MA indicator
- TimeFrame - Moving Average indicator timeframe.
- MaPeriod - period.
- MaMethod - averaging method.
- MODE_SMA - simple averaging.
- MODE_EMA - exponential averaging.
- MODE_SMMA - smoothed averaging.
- MODE_LWMA - linear weighted averaging.
- OrdersType - select the order placement type:
- StopOrder - pending Stop orders.
- LimitOrder - pending Limit orders.
- MarketOrder - market execution.
- MoneyManagement - select the trading lot calculation mode:
- Manual - manually set.
- Balance - calculated based on balance.
- Equity - calculated based on equity.
- FreeMargin - calculated based on free margin.
- Value - trade lot value.
- Multiplicator - lot multiplier for subsequent orders; if = 1, does not change.
- MaxOpenTrades - maximum number of open orders at a time.
- PriceDistance - distance the price should pass within a certain time interval.
- UpdateDistance - time in minutes, after which the data for opening positions are refreshed; if -1, not used.
- LifeTimeSignal - signal lifetime, in minutes.
- LevelsMode - select the closing mode:
- Pips - in pips.
- Money - in the deposit currency.
- Percent - in balance %.
- LevelsMethod - order closing method:
- Unidirectional - close the basket of unidirectional orders.
- Multidirectional - close the basket of oppositely directed orders.
- StopLoss - stop loss; not used if -1.
- TakeProfit - take profit; not used if -1.
- Breakeven - breakeven; not used if -1.
- TrailingStop - trailing stop; not used if -1.
- MagicNumber - EA ID, if -1 the EA will work with all orders.
- OrdersComment - comment to trades.
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