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Jazz

The algorithm of this Expert Advisor determines the significant price levels, where the trend often turns into a flat or reverses. Stochastic Oscillator serves as an additional filter of overbought/oversold zones.

The EA sets stop loss and take profit after opening an order. The underlying trailing strategy applies a trailing stop.

The EA is recommended for simultaneously use on three trading instruments: EURUSD M5, GBPUSD M5, EURCHF M5.

Settings:

  • Comment to order - comment to orders.
  • MaxRisk - the maximum risk for calculating the lot size.
  • if MaxRisk = 0, Lot will be - lot size if risk = 0.
  • Take Profit - take profit level.
  • Stop Loss - stop loss level.
  • K-period - period of the K line of Stochastic Oscillator.
  • D-period - period of the D line of Stochastic Oscillator.
  • Slowing - slowing of Stochastic Oscillator.
  • Trailing-stop on/off - enable trailing stop.
  • Start of trailing-stop - the number of points to activate trailing stop.
  • First level of trailing-stop - the first level to set trailing stop.
  • Step of trailing-stop - trailing stop step.
  • Max Spread - maximum spread.
  • Slippage - allowable slippage value.
  • Magic Number - The Trades' Magic Number.
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Versão 2.0 2018.03.09
Improved the trading logic. Optimized the code.