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EA Rx Five MT4

The adviser uses a strategy based on the use of 7  Envelopes indicators, on each timeframe (M5, M15, M30, H1, H4) there are 7 Envelopes indicators. Trading is based on the “Price Action” strategy, the adviser searches for a simultaneous signal on 5 time frames: M5, M15, M30, H1, H4 and then opens an order.

The EA uses the built-in Martingale and Averaging algorithm.

The adviser uses economic news to achieve more accurate signals.

Hidden Take Profit, Break Even and Trailing Stop are used.

Requirements and recommendations

  • The EA is attached to only one chart (any of the working pairs) - all trading on all pairs is carried out from only one chart! In the settings you can enable and disable currencies.
  • The recommended balance for safe long-term trading (when used on recommended pairs and timeframes) is $ 5000 or $ 50 on a cent account.
  • Leverage from 1:500 and more.
  • Safe trading requires a minimum lot of 0.01. Check your broker to support a minimum lot of 0.01.
  • Broker Broker with five-digit and three-digit quotes.
  • EA requires a standard VPS server. ( EA does not work on MQL5 VPS )
  • EA requires RAM: 800 MB.
  • The EA does not work on the account: "JPY","RUB".

For the EA operation, open "Tools" > "Options" > "Expert Advisors". Check the option "Allow WebRequests for listed URL:". Add    https://ec.forexprostools.comhttps://world-time-zone1.com and click OK.

For the strategy tester: the EA provides integrated data on economic news from 2010.01.01 - 2022.10.01.

The robot does not require all ticks in history. For quick test, use:

  • Tick simulation methods:
    • M1 OHLC (simulation of 1-minute bars, OHLC prices).
    Pairs and timeframe

    1. EURUSD / M5.
    2. GBPUSD / M5.
    3. GBPJPY / M5.
    4. USDCHF / M5.
    5. USDJPY / M5.
    6. AUDUSD / M5.
    7. GBPAUD / M5.
    8. USDCAD / M5.
    9. GBPCAD / M5.
    10. EURAUD / M5.
    11. EURCAD / M5.
    12. EURGBP / M5.
    13. EURJPY / M5.
    14. GBPCHF / M5.
    15. NZDUSD / M5.
    16. GBPNZD / M5.
    17. EURCHF / M5.
    18. AUDCAD / M5.
    19. NZDCAD / M5.
    20. NZDJPY / M5.
    21. CHFJPY / M5.
    22. CADJPY / M5.
    23. AUDNZD / M5.
    24. EURNZD / M5.

    Parameters

    • EURUSD - true, use EURUSD;
    • ...
    • EURJPY true, use EURJPY;
    • Magic_Start - ID of EA's trades.
    • Magic_Finish - ID of EA's trades.
    • Symbols_Prefix(Suffix)_Name - enter the prefix (suffix) ONLY if the name of the symbols uses a suffix (for example: "m."(".m") if the symbol name is "m.EURUSD"("EURUSD.m"));
    • Custom_Risk - if true, the lot size increases when account balance grows (risk management);
      • User_Balance - user-defined balance;
      • Add_to_User_Balance % - Add to User_Balance for a smooth transition to a new lot.
      • Lot on every - lot size per User_Balance;
      • Fixed_Lot - fixed lot (if Custom_Risk is false);
      • Order Type - trading direction;
      • Order Comment - comments to orders;
      • Slippage - allowed slippage before an order is triggered;
      • Show_Info_Panel - use the information panel (false - faster backtest);
      • Show_additional_panel - use the info panel for profit indicator per each month, for backtest only;
      • Max Spread - maximum allowed spread;
      • Economic news filter:
        • Select http or https - select Protocol to download economic news;
          • http 
          • https 
        • News_update_every_N_minutes - update news every N minutes.
      • Trading within the week:
        • Monday - trade on Monday;
        • ...
        • Friday - trade on Friday.
      • Time trading within a day:
          • Use time - if true, the EA trades by time;
          • GMT setting - GMT settings;
            • GMT Auto ( only for real ) - automatic detection of the GMT shift (not for a tester);
            • GMT Mode - manual setting;
            • GMT_mode - GMT offset of the broker server time (0 - disabled);
          • Every_Day_Start - operation start time (hh:mm);
          • Every_Day_End - operation end time (hh:mm).
        • Time to disable on Friday:
          • Use time - if true, the EA trades by time;
          • Disable_in_Friday - operation end time on Friday (hh:mm).


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        ADRIANA SAMPAIO RODRIGUES
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        Versão 4.56 2020.04.27
        Changed the time download site to configure Auto GMT.

        For the EA operation, open "Tools" > "Options" > "Expert Advisors". Check the option "Allow WebRequests for listed URL:". Add

        https://ec.forexprostools.com
        https://world-time-zone1.com

        and click OK.
        Versão 4.55 2019.11.27
        Fixed minor bugs.
        Versão 4.54 2019.11.15
        Fixed the function of closing orders.