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Pender

Automated Pender Expert Advisor.

The opinions of our clients about Pender Expert Advisor may differ for many reasons. The only real indicator of its work is real trading on a real account: Monitoring of real trading by Pender Expert Advisor


Trading is performed using pending orders on important price levels, that are detected by advanced adaptive algorithm A.P.L.D., that gives the opportunity to respond quickly to changes of market conditions.

The A.P.L.D. algorithm provides 3 strategies of important price levels detection. They can be used either together or separately.


Virtual StopLoss is always set.

Two- levels adaptive TrailingStop for accounts with floating spread.

"Dangerous" strategies are not used.

Trading can be performed either with fixed lot or with automatic money-management system.

To evaluate Pender EA's trading and to estimate my other products you can follow this link https://www.mql5.com/en/signals/author/alcad83


Broker and deposit

Any 5-digit broker with low spreads and fast execution is suitable for trading.

The minimum deposit - $100.


Currency pairs and timeframe

Trading on EURUSD, USDJPY, USDCAD or on any currency pair with small spread is recommended.

Trading on several currency pairs is not recommended, because of periods of drawdown. And if such periods match on several currency pairs at the same time, common drawdown of trading

account can be noticeable.

Timeframe - H1.

Terminal - MT4.


Parameters

  • AutoLot - can be set to true or false. If true, the EA selects the lot size for trading depending on the balance value.
  • Lots - lot size is set by a user, if the value of AutoLot is false.
  • Risk - parameter for automatic lot calculation, if AutoLot value is true.
  • AutoRiskReduction - can be set to true or false. If true, it provides reduction of possible risks in case of simultaneous using of all three strategies.
  • DD - the maximum allowable drawdown. If reached all positions of this currency pair will be closed.
  • Strategy1 - can be set to true or false. If true, the EA used first strategy.
  • Strategy2 - can be set to true or false. If true, the EA uses second strategy.
  • Strategy3 - can be set to true or false. If true, the EA uses third strategy.
  • TakeProfitInPoints - take profit in points.
  • AutoStopLoss - can be set to true or false. If true, the EA detects StopLoss level automatically.
  • StopLoss - virtual stop loss in points, if AutoStopLoss=false.
  • TrailingStop - trailing stop in points.
  • TwoLevelTrailing - can be set to true or false. If true, the EA will use 2 levels of TrailingStop. The first - for order protection, the second - for earnings.
  • VirtualTrailing - can be set to true or false. If true, the EA hides the modified StopLoss levels from the broker.
  • CommissionFor1Lot - broker commission for 1 lot, in the deposit currency. If your account does not have a commission, set to "0".
  • OpenMode - can be set to true or false. If true, pending orders will be set only on the beginning of new bar.
  • Delta - indent from important price level for pending orders.
  • StartHour - time to start trading.
  • EndHour - time to stop trading. All current pending orders will be deleted.
  • SummerAdjustment - adjustment for daylight saving time.
  • EAMagic - magic number of the EA, which allows it to distinguish its orders. There are two more hidden EAMagic parameters that are determined automatically. That is, for example, if you set EAMagic = 10, then the advisor reserves two more “magic numbers” - 11 and 12. Keep this in mind when simultaneously running several robots on one account.
  • ShowInfoPanel - can be set to "true" or "false". If "true", the information panel will be displayed on the chart of the traded pair.
  • Panel_Language - language of the information panel.
  • TextColor - font color of the information panel.


Recommended settings for EURUSD are in video-guide or in description of signal.

Different options of settings can be found in video-guide.

By default, the StartHour and EndHour parameters are set for the winter terminal time zone GMT+2. If necessary, set these parameters according to the time zone of your terminal.

I will be happy to answer any questions you may have.

Have a successful trading.


spiest
46
spiest 2019.03.11 16:54   

I have been running Pender EA since beginning of February, so now for about 6 weeks. While I have had some modest wins, I have a loss of 12% or 600 euro in my case, over this period. I am running with 3 the three strategies in parallel, for both EURUSD and since recently also GBPUSD. Somehow it seems the individual losses are a a lot bigger than any of the wins I make.

BUT.. I am going to continue to use it for a while, hoping to make good on the losses I have made and I would like to believe this EA does have good potential.

uchimi
1071
uchimi 2019.02.25 09:35   

no good

saimanoj18
262
saimanoj18 2019.02.16 16:03 
 

From all EA's that Evgeniy offers, this is the best that is offering consistent performance over few months, which can be clearly seen from the live trading signals. Practically speaking, I have seen profits in my account, however, it's too early to fully give out the values as it's been only two weeks with very less initial deposit. I will report in one or two months with exact values and the broker I am using.

And I will tell you the best part, Evgeniy has personally connected via team viewer to my computer, VPS, to do the setup for me. Being an absolute beginner, that was greatly useful to me.

Lastly, he has even helped me in setting up of VPS which I wasn't knowing at that point of time. My interactions with Evgeniy are extremely positive.

Kwok Keung Cheng
179
Kwok Keung Cheng 2019.02.05 09:07   

This is a Good EA, but I don't know why need set different EAMagic parameters for every chart? That mean if i have 3 chart, so i need set 3 different EAMagic parameters to them?

Forex TraderNL
91
Forex TraderNL 2018.12.14 11:54 
 

Tested it multiple times. Bought it today and will test live. I will keep you updated.

Seems to match the test results until now. will update further

Update: After 4 months i stopped this EA today, is seems that the EA makes significant higher individual loss trades then profit trades. As you can see from the live trading account the results are very different then the results from the strategy tester.

I started out very well but i dont know what changed but this EA is not profitable. I have to say the support was very good but iam not buying this product for the support.

Versão 7.4 2019.02.21
1. The possibility of using all strategies simultaneously on one chart has been completely redeveloped. In previous versions, when setting the parameters Strategy1 = true, Strategy2 = true and Strategy3 = true, one pending order was opened in one direction, depending on the "nearness" to the current price. Now, when setting the parameters Strategy1 = true, Strategy2 = true and Strategy3 = true, the corresponding number of pending orders will be opened in one direction. That is, it is now possible to fully use the capabilities of the Expert Advisor on one chart.

2. The EAMagic parameter is left alone, but there are two more hidden EAMagic parameters that are determined automatically. That is, for example, if you set EAMagic = 10, then the advisor reserves two more “magic numbers” - 11 and 12. Keep this in mind when simultaneously running several robots on one account.

3. Video-guide was updated.
Versão 6.88 2019.01.29
1. Parameter AutoRiskReduction was added. When set to "true", it helps to reduce possible risks in case of simultaneous using of all three strategies on different charts - setup Option2 in video-guide.
2. Automatic lot-size calculation for deposits, nominated not in US dollars, was corrected.
3. Automatic lot-size calculation for deposits with small account leverage was corrected.
Versão 6.85 2019.01.21
1. Strategy3 was fully re-developed.
2. New video with setup options was published.
Versão 6.84 2019.01.17
Code was optimized.
Versão 6.83 2019.01.17
Parameter OpenMode was added. If it equals to "true", pending orders will be set only on the beginning of new bar.
Versão 6.81 2019.01.03
New strategy was added.
New parameter CommissionFor1Lot was added for comfortable tests in different market conditions.
Versão 6.7 2018.11.20
New parameter AutoStopLoss was added.
Versão 6.5 2018.11.18
Delay for order sending, when market has big volatility, was decreased.
Versão 6.4 2018.11.17
1. Code was optimized for new versions of MT4.
2. New default settings.
3. Changes in description.
Versão 6.3 2018.11.08
Opportunity to use old strategy and new strategy of price levels detection together was added.
Versão 6.1 2018.10.16
New strategy was added.
Versão 6.0 2018.09.12
Small changes in virtual TrailingStop.
Versão 5.9 2018.09.10
1. Adaptivity of TrailingStop to floating spread was added.
2. Code was optimized.
3. Unnecessary parameters were removed.
Versão 5.5 2018.08.19
Code was optimized.
Default parameters were changed.
Versão 5.4 2018.08.17
Code was optimized.
Versão 5.3 2018.07.24
Pending order management was changed in hedging strategy.
Versão 5.2 2018.07.20
Code and default parameters were optimized.
Versão 5.1 2018.07.02
Added the "Delta" parameter - indent from important price level for pending orders.
Versão 5.0 2018.06.20
Code of TrailingStop was optimized.
Versão 4.9 2018.06.13
1. Small fix of TrailingStop.
2. Added the "TurboMode" parameter , which increases the number of orders.
Versão 4.6 2018.06.05
Added information panel.
Versão 4.4 2018.01.29
1. Added the time zone auto detection.
2. Improved TrailingStop.
Versão 3.9 2018.01.22
Some conditions for order opening were changed - Pender will trade more frequently.
Versão 3.8 2018.01.12
The code was optimized.
New strategy and new parameters were added.
Virtual TrailingStop was added.