Silver Line EA

An automated Expert Advisor developed for Forex trading.

- Expert Advisor is suitable for all types of accounts and with any type of spread.
- The number of decimal places in quotes is determined automatically.
- The EA does not require stopping during the news releases.
- The timeframe of the chart does not matter. This parameter is defined in the settings of the EA.
- The EA always uses Take Profit and thus it is less sensitive to the speed of the broker.
- The EA have two trailing stop modes. You can use any of them.
- The EA features a spread control, which prevents the EA from opening orders at a large spread value.
- It is possible to disable the calculation and setting of take profit, and to sue third-party systems for closing orders.
- For manual intervention in trading you can use additional buttons for quick closing of all positions.

The default settings are optimized for the EURUSD pair. 

The recommended leverage is 1:500 (1:400).

The settings:

Risk - the value of the risk. Used to calculate the dynamic size of the order;
Fixed Lot Size - fixed lot size. If set to 0, the EA uses the dynamic lot size;
Spread control - enable/disable spread control;
Maximum spread - maximum allowable spread;
Drawdown control - drawdown control. The EA closes the trades when the specified value is reached;
Maximum drawdown - maximum allowable drawdown;
Time applies to - time parameter is applied only to the first order or to all orders [First order | All orders];
Open Time -time of start trading,by the terminal (broker) time;
Close Time - time of end trading, by the terminal (broker) time;

TP for Single order - expected profit for a single order, in points;
TP for 2 orders - expected profit with two open orders, in points;
TP for 3 orders - expected profit with three open orders, in points;
TP for 4 orders - expected profit with four open orders, in points;
TP for 5 orders - expected profit with five or more open orders, in points;
SL for fifth order - stop loss value applied only for the fifth order;
Min Candles - minimum time between orders, in minutes;
Min Distance - minimum distance between orders, in points;
Min Range - minimum allowable deviation of the indicator;
Period - period of the indicator;
Trailing Stop - profit in points to activate trailing stop (standard);
Trailing Step - step of trailing stop (standard), in points;

Work Timeframe - working timeframe;
Lot multiplier - multiplier for subsequent orders;
Trailing First - apply trailing stop to the first order;
Trailing All - apply trailing stop to all orders except the first order;
No of Previous Bar - number of the bar that will be used as the stop loss price;
HighLow Price Shift - shift of the stop loss price from the previous bar's price;
Trailing Stop Mode - applied variant of trailing stop (standard or previous bar);
TP Modification - allow the EA to set and modify take profit values;
SL5 Pause - pause after the stop loss of the fifth order triggers before a new one is opened;
Maximum Orders - maximum number of simultaneously open orders in the same direction;
Force for Grid - force open an order after the specified number of points away from the previous order (in the grid mode);
Slippage - maximum allowed price slippage in points;
Buttons panel - show the panel with the "Sell Close" and "Buy Close" buttons;
Text Color - color of displayed data;
Background Color - color of the background for displayed data;
Order's Comment - comment of the Expert Advisor's orders;
Magic Number - unique number of the Expert Advisor's orders (any number);

For any questions please send me a private message. I will be glad to help you.