Fr Trader is a multicurrency Expert Advisor which is a lite hedge system. The EA opens two deals using position hedging by signals from multiple indicators. It manages all lots automatically and exits market in a proper way. The robot applies its own magic number to avoid conflicts with other orders.
- Risk - risk per trade as a % of account balance.
- Lots - lot size, default is 0.01
- TakeProfit - take profit in pips
- StopLosses - stop loss in points
- AutoClose - enable automated deal closing mode (true - yes, false - no)
- StartHour - trading start hour
- EndHour - trading end hour
- no_comments - order comment (true - yes, false - no)
- chart_info - info on screen (true - yes, false - no)
- ControlBars - amount of managed candles
- ControlRange - range for opening deals
- HedgerRiskCoeff - ratio multiplied by a hedge trade (1 - auto calculation). Example: main lot - 1.0. If HedgerRiskCoeff - 1.2 => lot - 1.2
Testing the Expert Advisor
Testing was not performed in the tester, since this is a multicurrency EA.
- The EA should be online 24 hours a day to open and close hedge positions.
- The robot works well on M5 charts with 5-digit quotes.
- It works only on EURUSD, USDCHF, and EURJPY.
- Start trading only from 0.01 lot and do not forget about margin.
- The minimum deposit is 100.
- VPS is recommended.
- Fixed errors
- Added ability to open a second batch of trades if Range is increased up to SecondRange
- Changed the auto closing function