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PowerAUDCAD

The trading expert works out the regular movements of the AUDCAD currency pair in the channel.

The Expert Advisor is completely ready for work. Additional configuration is not required.

Trading signalshttps://www.mql5.com/en/signals/author/trendhunter

The MetaTrader5 terminal must be installed on a remote server for smooth operation.

The EA works based on the indicator:  https://www.mql5.com/en/market/product/62951

Install the Expert Advisor on the AUDCAD chart, timeframe 1H.

Options:


Channel settings
  • Channel width ratio - Channel width;
  • Number of bars - Number of bars to calculate

Lot Settings

  • MaxRisk - Risk per first trade;
  • if MaxRisk = 0, Lot will be - If MaxRisk=0, the lot will be like this;

Additional orders

  • Lot multiplier - Lot multiplier;
  • Step between orders - Step between deals;

Take %

  • Take % of profit - Profit as a percentage;

Take points

  • Profit in points - Profit in pips;

Stop Loss & Take Profit

  • StopLoss - Stop loss;
  • TakeProfit - Take profit;

Trade settings

  • Max Trades - Maximum number of trades;
  • Max Spread - Maximum spread;

Working time (hours)

  • startWork - Hour to start work;
  • endWork - Hour of end of work;

Other settings

  • MagicNumber 1 - First magic number;
  • MagicNumber 2 - Second magic number;
  • Comment to orders - Comments on transactions.

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The Expert Advisor looks for technical analysis patterns formed on the higher (hourly) timeframe to start working on the 5-minute chart. Technical analysis patterns used: double top/double bottom, head/shoulders, flag, expanding/narrowing triangles. The Relative Vigor Index technical indicator is used as the filter for opening deals. It is based on the idea that on the bull market the closing price is, as a rule, higher, than the opening price. It is the other way round on the bear market. This
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The Expert Advisor calculates the divergence on the current and higher timeframes. In case the divergences coincide, the EA starts its operation. Deals have strict take profit and stop loss levels. Each deal is managed by trailing stop. The strategy involves the use of a tight stop-loss. Therefore, losing deals and/or series of losing deals are not uncommon. This EA is not suitable for those who have difficulties coping with losing deals. The EA is recommended for simultaneous use on the followi
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The Expert Advisor has been developed specifically for the features of the CHFJPY currency pair. The EA's algorithm determines the direction of the current trend and starts operation. In case of a price reversal within the current trend, the EA adds additional orders. If trend changes, the EA starts to work in the direction contrary to the initial grid of orders. If there were no conditions for closing orders and the trend direction changed again, the EA continues to work with the "first" grid o
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The Expert Advisor algorithm determines on daily charts those candlestick patterns, which set the intraday trading direction. The trading EA determines how long the price is moving in overbought/oversold zones and starts working in the direction of the expected trend movement. Each position is accompanied with a tight stop loss and take profit. Only one active position can be open in the market. The EA was developed and tested using 99% quality quotes. The Expert Advisor has a built-in news filt
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