One Direction Pro MT4
One Direction Pro is a combination of hedging, Grid averaging, pyramiding, lot martingale - anti martingale strategies, which aims to enter and exit the market as quickly as possible so as not to be trapped by unexpected market changes.
Bot Explanation | MT5 version | Setfile: pls leave a message on the comment tab, I will send you the latest setfile
Expert parameters:
1. Manage Open Positions
+ Continue New Cycle: If False, then the Expert Will Only Manage The Remaining Open Positions and Will Not Open New Positions When All Positions Have Been Closed.
+ Trade Buy: allow buy
+ Trade Sell: allow sell
+ Select Entry Method
+ Period in bars for indicators : Average period
+ Distance from High & Low Bands & Envelopes(in pips) : Distance form high and low to start trade
+ Minimum Wave : Minimum wave to start trade
+ Maximum Wave : Maximum wave to stop trade
+ Reverse: Reverse main signal
+ Trend Filter: Trend filter for main signals
+ Reverse Trend Filter
2. Manage Lot and Money
+ Lot Type: Select lot type
+ AutoLot (ex. 1000 $ = 0.01): Manage lots
+ if AutoLot = true, fill in Money to manage, $: Fill in money to manage (Ex. Balance 5000, fill in 1000, Autolot = 0.05)
+ if Autolot = false, fill in Start Lot: fill in the initial lot
+ Multiplier for Martingale 3/Anti Martingale 2/Mix Lot: Multiplier lot coefficient
+ Maximal Lots: max lots per trade
+ Maxtrade: Max trade allowed
3. Manage GRID
+ Open Next Grid only on a new bar
+ Open Next Grid on Trend Direction
+ Step (in pips): Distance to open the next position
+ Expanding Step Coefficient: step multiplier coefficient
4. Change Step Parameters
+ Change Step: allow change step
+ Lots to start changing step
+ Change Step to(in pips)
+ Expanding Step Coefficient: step multiplier coefficient for change step
5. Manage Close
+ Use Close : enable/disable close method
+ Select Close Method : Select between close by opposite signal or close in the middle
+ Cut loss if loss, $: close all positions when the cutloss target is reached, in money.
+ Cut loss if Drawdown, %: close all positions when the drawdown target is reached, in percentage.
6. Manage SLTP
+ Use Stoploss and Take Profit, in pips
+ Stop Loss(in pips), 0= no stoploss
+ Take Profit(in pips), 0= no take profit
7. Manage Trailing
+ Averaging Trailing, in pips: Trailing all in pips
+ Trailing Start (in pips): Trailing starts in pips
+ Trailling Size (in pips): Step trailing in pips
8. Manage Break Even
+ Use Break Even: Enable Break even
+ Break Even Start, in pips
+ Break Even Step, in pips
9. Manage News
+ Stop Trade by News: Allow news filter
+ Indent after News, minutes
+ Indent before News, minutes
+ Enable light news
+ Enable medium news
+ Enable hard news
+ Auto GMT : enable auto GMT
+ If Auto GMT= false, Fill in GMT Offset
+ Currency to display the news (empty - only the current currencies)
+ Show timer before and after news.
+ Period news updates in seconds
10. Manage Drawdown Reduction
+ Use Auto Close Partial:
+ Select Close Partial Method:
+ Close partial buy & sell: partial close by bringing 1 buy loss & 1 sell loss
+ Close partial buy / sell: partial close by bringing only 1 buy loss or 1 sell loss.
+ Close partial all: A combination of close partial buy & sell and close partial buy / sell.
+ Number of trades to activate partial close: Minimum open positions to start partial close.
+ Select Partial Takeprofit Method : Pips or Money
+ Minimum profit to close partial : Minimum profit to do partial close
+ Use Auto Close Partial, in percentage: Close partial in percentage
+ Number of trades to activate partial close: Minimum open positions to start partial close.
+ 1st Percentage profit to close partial 2, %: Minimum profit 1st last position to do partial close.
+ 2nd Percentage profit to close partial 2, %: Minimum profit 2nd last position to do partial close.
11. Time Management
+ Use time control: restrictions on trading hours and days, this only applies to opening a new cycle. Timing use broker's server time.
+ Trade Start Time: Time to start trades
+ Trade End Time: The time the trading session ends
12. Continue new cycle management: start new cycle at the specified hour. Timing use local time or vps time.
13. Manage Others
+ Max Spread (in Pips): spread allowed
+ Magic number : EA identifies open positions based on this magic number. Fill in 0 (Zero) so that ea can recognize all positions opened manually or by other eas.
It's really great EA. I can choose 9 entry methods. but so far the best method for me is fibo trade zone. this method always closes the trades with good profit and low drawdown also.