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Erratic

Erratic EA is designed to trade on multiple charts at a time, it trades with the trend and attempts to take advantage of post volatile movement. Erratic has been universally designed with uploaded past news for the listed major currency pairs, for the market conditions from 2015 to present.

It is recommended to start with a minimum of $3,000 balance and max charts set at 1 with this EA. Be sure to use the manual GMT offset when backtesting.

News pause for both backtesting and live trading is uploaded by checking "Allow WebRequest" and placing https://www.mql5.com into the Expert Advisors section under Tools - Options. When the EA is running on multiple pairs, the MAGIC number stays the same.

There are 3 built in take profit closing structures: Standard hard tp, closing at balance percent, and equity trail lock. Having 3 exiting structures in place helps to reduce risk.


Pairs and Timeframes

The default settings are optimized for EURUSD, USDCHF, and AUDUSD. The set files for additional pairs can be found in the comments section, or you may inquire the optimized settings for the additional pairs.

  • The timeframe to use for the default settings is 4hr.


Indicator Parameters

  • FirstCandleMinPips - The first stage of the EA's entry criteria is reading how large of a candle that is in this input first. Example 200 pip candlestick.
  • FirstCandleUseShadow - This means that the EA will include the entire range of the bar, not just the open to close range.
  • SecondCandleContPips - The minimum size of the second candlestick after the first that needs to be met before a trade can open.
  • Bar Index - The number of bars after the first 2 candles that met criteria that a trade will open.
  • Bar Index for FF Indicator - The number of bars that need to pass the criteria set in the Forex Freedom indicator.
  • ReverseMode - True/False. When on True, the EA will open a sell where a buy would normally open and vice versa.
  • PercentBalanceTP - The percent of open profit that a the EA will close at in relation to balance amount.
  • PipsTp - Take Profit Line in pips.
  • PercentBalanceSL - The percent of balance drawdown that is allowed before closing all open positions.
  • PipsSL - Stop Loss line in pips.
  • Fixed Lot True/False - If False, Money Management will be on.
  • Fixed Lot size -.01+
  • LotPercentBalance - the amount of Money Management for trades size.
  • LotZeroSLper1000 - here you enter.10 for every $1,000 balance for trade size calculation.
  • Max Buys - the total number of open buys on a single chart at one time.
  • Max Sells - the total number of open sells on a single chart at one time.
  • BothDirections - True/False. When True, the EA will open both buys and sells if the criteria is met.
  • PipDistanceBuySell - the number of pips between counter buys/sells.
  • Martin_multiplier - the multiplier amount for counter trades.
  • ProfitTrailStart - The dollar amount at which point the ProfitTrailStop number will activate.
  • ProfitTrailStop - The dollar amount at which point the ProfitTrailStart number was hit and falls back down to close.
  • CloseMinutesBeforeMarketCloses- The number of minutes before the market closes that the EA will close all open positions.
  • MiniumTimeBetweenTrades- the number of minutes before a counter trade can open.
  • MaxCharts - the maximum number of charts that trades can open on at a time. 1 chart low risk, 2 charts moderate risk, 3 charts high risk.
  • useAllTicks - When True, The EA considers all ticks in it's calculation.
  • Max Spread - The highest amount in spread that a trade can open on.
  • Slippage - The maximum amount of slippage allowed that a trade can open on.
  • MAGIC - This number stays the same when using this EA on multiple charts at a time.
  • GMT Offset - The input allows the user to change the broker time offset to match the GMT.
  • News Pause inputs (low, medium, and high) - allow the user to change the amount of time before and after news that the EA will pause opening new trades.
  • Only the currencies of symbol - When ON, the news will only be applied to the pair of that chart.
  • Draw lines on the chart - When ON, the news lines will show up on the chart in colors.
  • Forex Freedom - This section is for the settings of the Forex Freedom indicator.
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Michela Russo
Panther Trader Pro is a trading robot  for the trading on forex. This is a Trend Following system that trades mainly during Asian Session. The EA has been subjected to  stress tests  for a period of  17 years  and  passes every year  with a very advantageous profit/drawdown ratio. Important Information Revealed By  purchasing  this Expert Advisor you are entitled  to receive a free copy  of   Fox Trader Pro ! (All future updates included) -> To Receive it, Please Contact me by mql5 message or
199 USD
Breakthrough Strategy
Konstantin Kulikov
This system was developed to work with a large number of sets and after a certain time showed itself well when working at the close of trading on Friday. As a result, this direction of trading has become the main one for working with this expert. There are 25 current sets for different currency pairs, as well as a profile for quick setup   (download in comment #96 ). You can analyze the statistics of the work of an expert for different currency pairs at my signal:  https://www.mql5.com/en/signal
280 USD
Black Horse
Ramil Minniakhmetov
 Black Hourse full auto Expert Advisor   uses Ant channels in its work. It is based on short-term reversal patterns that take advantage of the tendency of currency pairs to move towards the mean. Real operation monitoring as well as my other products can be found here:   https://www.mql5.com/en/users/mechanic/seller The settings will be added in the comments #28 as they are optimized.    Telegram is  here . Inputs Value: NewCycle  — when enabled, the EA works non-stop, otherwise, the EA do
35 USD
Forecaster Alligator
Svetlana Visnepolschi
Forecaster Alligator   is a fully automated Forex trading robot using a combination of  NPS indicator  with standard  Alligator   indicator  in combination with RSI   and   RVI   indicators via the CPS technology. The strategy based on  Alligator   indicator is used as a confirmation factor - if the signals from  NPS  indicator and  Alligator   +   RSI / RVI   indicators coincide, the signal strength increases; if  NPS  indicator and  Alligator   +   RSI / RVI   indicators return opposite signa
85 USD
Turtle Scalper Pro
Michela Russo
Turtle Scalper Pro is a trading robot  for the trading on forex. This is a mix of Trend Following and Counter Trend system.   Backtest Now! This Expert advisor not use   arbitrage, grid, martingale or other dangerous strategy , All Trades are covered by StopLoss and TakeProfit . Important Information Revealed By  purchasing  this Expert Advisor you are entitled  to receive a free copy  of   Wasp Crazy Pro ! (All future updates included) -> To Receive it, Please Contact me by   mql5 message   o
199 USD
Red Hawk EA
Wim Schrynemakers
!! RED HAWK - LAUNCH PROMO !! ONLY 6/10 COPIES AVAILABLE AT 149$ NEXT PRICE -> 199$ Red Hawk is a "mean reversion" trading system, that trades during the quiet times of the market. It runs on 9 pairs currently: EURUSD, GBPUSD, USDCHF, EURCHF, EURGBP, AUCAD, AUDJPY, EURAUD and USDCAD. Recommended timeframe: M5 Since this kind of strategy works best with low spread and fast execution, I advise using an good ECN broker. My recommended broker for this strategy :  https://www.icmarkets.com/?camp=4
149 USD
ProFx MT4
Sergej Maehler
FxPro Expert Advisor  is a fully automated forex trading robot designed to work on the most traded currency pair EURUSD. The strategy based on breaking through price levels and does not uses lagging indicators, each entry point is calculated using an advanced input filter based on the analysis of the movement of the price chart. Each order is secured by a fixed stop-loss while profits are carried out using a dynamic stepwise algorithm to capture the maximum profit. Live Monitoring, EURUSD H1, D
499 USD
AW Recovery EA
Alexander Nechaev
Advisor is a system designed to restore unprofitable positions. Simple setup, delayed launch during drawdown, locking, disabling other expert advisors, averaging with trend filtering and partial closing of a losing position built into one tool. The system of automatic calculations will prepare the settings in a few clicks. The use of partial closing of losses allows you to reduce losses with a lower deposit load, which ensures a more secure work with losses, in contrast to the grid strategies o
145 USD
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Versão 1.5 2018.09.06
The updated version now uses for its news source.