This is the third Expert Advisor for a large currency portfolio for Metatrader 5.
The Expert Advisor is built on the Keltner Channels, which show not only the direction of the trend, and the possible range of price movement. An important feature of the indicator is giving a signal to close an open position.
Designed for GBPUSD, timeframe H1.
- Quantity of transactions per month 2-3 (medium-term strategy)
Each trade has a dynamic stop loss.
All dangerous tactics are not applied (grids, martingale, anti-martingale - no) 🔥 Please note: the advisor is not independent, it is created for portfolios of advisors and can have a long period of stagnation.
- Very small drawdown.
- High Profit Factor.
- Work on classic, time-tested indicators (basic indicator - Keltner Channels).
- Resistant to slippage and spread widening.
The Expert Advisor was created for the period from 2010 to 2018.
Further testing was carried out using the Forward test to exclude the possibility of fitting the results.
All brokers are 5 digits and 4 digits.
EA Double London (GBPUSD) - passed stability tests:
Passes checks on neighboring timeframes, as well as on similar currencies (EURUSD).
This is done proactively for a changing market. Sometimes GBPUSD starts to behave like EURUSD. Sometimes GBPUSD on the H1 timeframe can accelerate its movements and behave as if we are looking at the M30 timeframe.
Sometimes the price behavior slows down and behaves like an H4.
The tactics were created for portfolio strategies, so the priority of work is not profit, but stability of work. This means that the worst thing that should be is long periods of stagnation, not losses.
Passes Monte Carlo checks.
The EA does not guarantee profit. The EA guarantees small drawdowns and indestructibility.
The initial deposit is possible in the amount of $ 100 when working with a fixed lot = 0.01. But consider this as a game or as a test option for advisors - the so-called mini-real. Forex trading starts at least with a deposit of $ 1000 and much higher
Input parameters (not recommended to change):
KCBarCloseserPeriod = 20;
KCerPeriod = 20;
BarsValid = 28;
ExitAfterBars = 34;
ProfitTarget = 185;
StopLoss = 65;
TrailingStop = 60;
SMMAPeriod = 14;
MagicNumber = 12346 - a unique number of an open deal, automatically assigned by the advisor.
mmLots = 0.01 - fixed order lot
(Attention! The author developed this Expert Advisor for the Portfolio Strategy ONLY and did not add Money Management to avoid deep drawdowns! When increasing the deposit, it is recommended NOT to increase the working lot, but to add a new Expert Advisor with a different logic)
If there are already a lot of advisors in the portfolio (from 15 pieces and more), it is possible to increase the lot of the existing advisors after preliminary re-optimization of the parameters.
----------- Exit On Friday ----------- "
ExitOnFriday = false - enable / disable the EA on Friday after the specified time under the FridayExitTime heading
FridayExitTime = "20:40" - time of closing an open order and turning off the advisor until Monday.
----------- Limit Time Range -----------
LimitTimeRange = false - limit the working time of the advisor (usually needed to optimize the advisor)
SignalTimeRangeFrom = "08:00" - start the advisor (works only with LimitTimeRange
SignalTimeRangeTo = "16:00" - we end the work of the advisor (works only when LimitTimeRange = true)
ExitAtEndOfRange = false - exits the EA (if "true")
MaxTradesPerDay = 0 - limit the number of trades per day (0 - no limit)
OpenBarDelay = 0 - open bar delay in minutes
(it can be used for Daily strategies to trigger trading a few minutes later -
because brokers sometimes have technical delay after midnight and we have to postpone order execution)
It is recommended to use 0.03 lots on each $ 1000.
Be sure to use only free funds in Forex.
Remember:if there was a profit in the past, this does not mean that there will be profit in the future!