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Price Catcher

The Expert Advisor places a pending order in the price movement direction at the specified distance from the Ask/Bid price at N points when a signal is generated. The signal is calculated by breakthrough of the level set at the Step distance from the price and modified after a specified time TimeStep in seconds. The Expert Advisor works with 4 and 5-digit quotes. The recommended minimum deposit is 1000 USD (1000 USD cent), the currency pairs are EURUSD and EURJPY.

To test the EA, enable the visual mode in the the strategy tester and set all ticks.


Parameters

  • Lots - fixed trading lot if MaxRisk = 0;
  • MaxRisk - the maximum risk in % for the calculation of the lot; if 0, then the lot size is fixed and equal to the value of Lots;
  • TakeProfit - profit;
  • StopLoss - loss;
  • BarCount - number of bars for trailing; if 2, the calculation is performed by highs and lows of the last two bars;
  • Indent - shift in points from the bars' lows and highs (BarCount);
  • TimeFrame - timeframe for trailing, searching for bars' lows and highs (H1 - 60, M30 - 30, M15 - 15, M5 -5);
  • Slipage - slippage;
  • Step - shift in points from the virtual level price;
  • TimeStep - time of modification of the virtual level in seconds;
  • StepOrderPrice - distance from a price in points for placing a pending order;
  • Expiration - pending order expiration time in minutes (but no less than 11)
  • MaxTrades - maximum number of open trades at a time;
  • TimeOnFriday - time, after which trading on Friday is prohibited; if 0, then there is no prohibition (server time);
  • Magic - magic number;
  • TextColor - text color;
  • UpCol - upper line color;
  • DnCol - lower line color.


Strategy Tester Result

Expert Advisor testing for 5 years (01.01.2009 - 01.01.2014) on EURJPY.

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