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Candlelight

The Expert Advisor opens deals analyzing the last candle on several timeframes, as well as its volume and readings of many other indicators to ensure an accurate market entry. All indicators are customizable.


Inputs

  • Lots - lot size;
  • Slippage - maximum allowable price deviation in points;
  • Magic - unique identifier, use different magic numbers if multiple Expert Advisors run in your terminal;
  • Max take profit - order closing price at a certain profit target;
  • Mininum take profit - minimum profitability price, after passing which an order can be closed by a reverse signal if 'Close only take profit' parameter is disabled;
  • Close only take profit - if true, an order is closed in profit when the price reaches 'Max take profit' level. If false, the price may close at the levels from 'Minimum take profit' to 'Max take profit' if a market exit signals is received;
  • Stop-loss - stop loss;
  • Period ADX - ADX period for trend strength;
  • Level ADX - ADX level, above which orders are opened;
  • stochastic period - Stochastic period;
  • stochastic slowing - Stochastic slowing;
  • stochastic levels (0-100) - Stochastic level;
  • period force index - Force Index period;
  • stiffness of candles - so-called candle "stiffness" for a market entry. The greater the parameter, the more bearish (or bullish) the candle should be compared with the previous one. This parameter should be negative (for example, -0.0005);
  • volume filter - volume filter for the current timeframe's candles. The higher the value, the greater the volume of the current candle should be as compared to the previous one. The value can be negative (for example, -100);
  • timeframe filter candles 2 (minutes) - timeframe for the second candle filter;
  • stiffness of filter candles 2 - second timeframe's candle "stiffness";
  • volume filter 2 - volume filter for the second timeframe's candles;
  • Enable filter 3 - enable the third candle filter (true/false);
  • timeframe filter candles 3 (minutes) - timeframe for the third candle filter;
  • stiffness of filter candles 3 - third timeframe's candle "stiffness";
  • volume filter 3 - volume filter for the third timeframe's candles;
  • Enable filter 4 - enable the fourth candle filter (true/false);
  • timeframe filter candles 4 (minutes) - timeframe for the fourth candle filter;
  • stiffness of filter candles 4 - fourth timeframe's candle "stiffness";
  • volume filter 4 - volume filter for the fourth timeframe's candles;
  • timeframe stochastic 1 - Stochastic 1 timeframe;
  • stochastic 1 Period - Stochastic 1 period;
  • stochastic 1 Slowing - Stochastic 1 slowing;
  • stochastic 1 shift - Stochastic 1 shift;
  • timeframe stochastic 2 - Stochastic 2 timeframe;
  • stochastic 2 Period - Stochastic 2 period;
  • stochastic 2 Slowing - Stochastic 2 slowing;
  • stochastic 2 shift - Stochastic 2 shift;
  • signals moving average enable - enable moving average (true/false);
  • timeframe moving average - moving average timeframe;
  • period moving average - moving average period;
  • other filters - enable other filters (true/false), the parameters are as follows:
  • period bulls and bears powers - bulls powers and bears powers period;
  • period RSI - RSI indicator period;
  • count bars for divers - amount of bars used in searching for divergences and convergences;
  • stiffness divers - "stiffness" used in searching for divergences and convergences (can be negative);
  • timeframe AO (minutes) - AO timeframe;
  • count bars for divers AO - amount of bars for divergences and convergences on AO;
  • hour start place orders - trading start hour;
  • hour stop place orders - trading end hour;
  • max amount buy orders - maximum amount of open buys;
  • max amount sell orders - maximum amount of open sells;
  • Delay (sec) - delay between deals.
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