AW BW strategy based MT5

AW BW strategy based EA trades on the signals of a custom combination of indicators created by Bill M. Williams. This fully automated trading robot has flexible settings and many work scenarios. The product has many useful features built in: automatic lot calculation, trailing system, stop loss and much more. If necessary, averaging can be used.

Advantages:

• Suitable for any type of instruments and any timeframes.
• Indicators configurable in the input settings of the adviser.
• Ability to automatically calculate trading volumes.
• Pluggable averaging can be used.
• Built-in trailing system and StopLoss.
• Adjustable scenarios of the adviser.

Strategy:

The adviser works simultaneously on a combination of 4 indicators of the lineBill M. Williams:Alligator, Fractal indicator, AC, AO.

The Fractal indicator is displayed on the chart as up or down arrows. The Alligator indicator is displayed as three moving averages. Oscillators are displayed in two windows below the main screen.In the input settings, you can adjust the setting of the Alligator indicator. Other indicators do not have adjustable variables, since these indicators are not editable in Bill William's strategy.

Market Entry:

First, the adviser receives a signal when the fractal indicator is broken. The price should break through the level of the previous fractal. Downward breakout means a sell signal. Break up is a buy signal.

Further, this signal should be confirmed by the direction of the trend in the appropriate direction from the Alligator indicator. If the direction of the alligator corresponds to the signal of fractals, then the adviser proceeds to the next stage and confirms the signal with two oscillators AO and AC.

Only after the oscillators confirm the movement in the appropriate direction,AW BW strategy based EAwill open an order to buy or sell.

The adviser trades first in one direction and then in another, buy-sell-buy. Such a strategy provides greater safety in case of prolonged unidirectional price movements.

Exit from a position:

After the adviser opens an order:

1 - If the position goes in a profitable direction, then the trailing stop is activated. The position will be closed using the smart trailing system

2 - If the position goes into a loss-making direction, then the averaging function is applied using pending orders

3 - Additionally, a virtual stop loss is used. This type of stop loss works from the breakeven price for the entire basket of orders, it is not visible to the broker, when the adviser is removed from the chart, the virtual stop loss is deleted, as it is part of the adviser.

Input variables:

MAIN SETTINGS

Size_of_the_first_order - Volume for opening the first order. Used if Enable Autolot calculation is disabled

Enable_Autolot_calculation - Use automatic lot calculation. Autolot allows you to save risk settings when changing the deposit

Autolot_deposit_per_0.01_lots - Deposit amount per 0.01 lots when using autolot

ALLIGATOR INPUTS

Jaw_Period - The blue period of the longest moving average

Jaw_Shift - Long moving average shift

Teeth_Period - The period of the red, moving average

Teeth_Shift - Shift for the moving average

Lips_Period - The period of the green, shortest moving average

Lips_Shift - Shift for a short moving average

MA_Method_Alligator - MA method for indicator calculation

Applied_Price_Alligator - Applied price for moving averages

AVERAGING SETTINGS

Use_averaging - Select whether or not to use averaging with pending orders

Multiplier_for_size_of_orders - Volume multiplier for pending orders, each subsequent open order in the grid will be larger than the previous one by this factor

Step_for_grids - Adjustment of the step between orders in the basket, measured in points

TAKE PROFIT SETTINGS

Trailing_Start - After opening a market order when passing this volume of points, Trailing will be set for the order, measured in points

Trailing_Step - After passing the specified step, Trailing will follow the price

STOP LOSS SETTINGS

Stop_Loss(0-not_use) - Enter value for virtual stop loss, in points. Stoploss works on the entire basket of orders from the breakeven price.

PROTECTION SETTINGS

Maximum_slippage_in_points - Maximum allowable slippage in points for opening and closing orders

Maximum_spread_in_points - Maximum allowable spread for opening orders

Maximum_size_of_orders - The maximum volume for one order. Measured in lots

Maximum_number_of_orders - The maximum allowable number of orders of the same type

Enable_One_order_per_bar_filter - Filtering the number of orders per candle. If "TRUE" is selected, the EA will not be able toopen more than one order per candle.

ADVISOR SETTINGS

Orders_Magic_number - MagicNumber of EA orders

Comments_of_the_EA's_orders - Comment for EA's orders

Allow_to_open_OP_BUY_orders - Allow to open OP_BUY orders

Allow_to_open_OP_SELL_orders - Allow to open OP_SELL orders

Allow_to_open_new_orders_after_close - Allow to send new orders after closing

Show_panel_of_advisor - Ability to show or hide the advisor panel

Font_size_in_panel - Adjust the font size on the panel