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ForYou Light

This is the light version of EA ForYou. Expert advisor ForYouL does not have recover mode and is intended to use without or with external recovery system as ForYou TotalRecovery.

ForYouL  trades pairs EURUSD, GPBUSD, in PreAsian and Asian session, almost offside from geopolitical news

For more details of parameters see https://www.mql5.com/en/blogs/post/724748

You can find set files in comments section on page 9 comment 180 of product EA ForYou. Setfiles are valid for ForYouL v1.0

https://www.mql5.com/en/market/product/32833#!tab=comments&page=9&comment=11542600

Allow http://ec.forexprostools.com/ in options tab to allow use of News filter : Open Tools > Options > Expert Advisors. Check the option "Allow WebRequests for listed URL:". Enter http://ec.forexprostools.com and press OK. Restart MT4 terminal afterwards.

Key characteristics

  • Scalper
  • build in money management
  • security close on high draw dawn parameter close_percent
  • complex exit strategy for best results
  • hedging and non hedging, non-FIFO or FIFO accounts accounts supported
  • integrated news filter
  • auto calculation of dynamic position size based on market condition and number of open positions

Recommendations

  • EA Settings: Use  set files
  • Symbols: EURUSD,GBPUSD
  • Time Frame: M1+M5
  • Brokers: ECN brokers, low spread/commission, 1:400/1:500 leverage
  • Trading Condition: Trend and Ranging, Asian trade window
  • VPS recommended
  • Minimum Deposit: 250-500 currency units (EUR, USD,...)

Parameters

  • MagicS1 magic number
  • profile set file name (informational, may be empty)
  • comment broker's comment (informational, may be empty)
  • hedge does your broker allow hedging
  • Lots basic lot size most brokers 0.01 Lot
  • perbalance basic lot size per balance . When set to 0 expert advisor will trade basic lot size 
  • max_volume upper limit size of single position
  • maxorders maximum number of positions at a time
  • distance  distance between positions in pips (default -1=off)
  • size_dyn adapt position size dynamically taking market situation into calculation
  • size_start allow first position dynamic size
  • vTP virtual TP default 5.0 pips
  • TP technical TP
  • SL technical SL
  • consider_comm consider commission
  • max_brokers_profit_percent maximum percentage f profit broker is allowed to earn
  • comm_lot_in_backtest Commission round turn for 1 Lot, only needed in backtest
  • rsi_buy RSI buy filter
  • rsi_sell RSI sell filter
  • maxspread maximum allowed spread to trade (15 for EURUSD on ECN broker, 20 for GBPUSD)
  • open_max_percent maximum draw dawn on account allowed to open first position#
  • close_counter close on counter signal
  • rsi_sell_close RSI close filter
  • rsi_buy_close RSI close filter
  • close_percent close all positions when draw dawn reaches close_percent value
  • BE_order_use use break even mechanism for time or number of orders
  • BE_delay_hours close with at least BE after n hours, default 8 hours
  • BE_orders_pips number of pips per position in break even situation, default 2.5 pips = vTP/2
  • BE_orders_is_maxorders if set to true break even mechanism is initiated when open orders equals maxorders
  • BE_orders open orders to initiate break even mechanism otherwise
  • close_avg_SL close if average SL reaches this value
  • exit_in_percent close in profit as soon as x percent floating profit in basket.
  • start_time start trading (server) time
  • end_time end trading (server) time 
  • close_time hard close of all positions (default -1 =off)
  • holidays pause trading in holidays Dec / Jan
  • lastday12 last day  in December
  • firstday01 first day  in January
  • friday_logics if set to true,  no open of new first positions after friday_stop_time
  • friday No of weekday , default 5=Friday
  • friday_stop_time time to stop trading, default 12
  • avoid_wednesday_logics avoid negative swap on Wednesday
  • swap_hour hour of computing swap
  • swap_minute  minute of computing swap
  • string allow_url_in_mt4_options URL to read news calendar
  • AvoidNews avoid news
  • IncludeMediumNews avoid news including medium
  • StopMinutesBeforeNews minutes to stop trading before news
  • StopMinutesAfterNews minutes to stop trading after news
  • showInfo display info panel
  • showButton display trade buttons
  • verbose write verbose log (default false)
  • recovery parameters inactive, please see blog https://www.mql5.com/en/blogs/post/724748


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