Technical Indicators for MetaTrader 4
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MetaTrader 4
Top Rated Products MT4
Overview
This is a rarely working EA.
I recommend this EA for institutional funds. I recommend it only for pair EURUSD.
Working timeframe M1. Orders 1-3 series per month - is optimal.
Public monitoring
Strategy
EA sells when is expensive and buys when cheap. If % bulls in a moment <x EA is searching for buys. If % bulls in a moment >y EA is searching for sells.
For opening EA orders, used Market Structure High (MSH) - Market Structure Low (MSL).
Parameters (best for 2018)
SentimentEA |
||
|---|---|---|
| Magic (base expert) | 528 | Set a unique number for SentimentEA |
| Parameters of signals for opening: | ||
MSH_MSL |
2000 |
Set the period for pattern to open the order Value can be (500-5000) if > - opening orders is more accurate && rarely |
| TakeProfit | 450 | TakeProfit ( Value 450= 45pip) (may be "0". In this case, exit with profitstop) |
| StopLoss | 0 | StopLoss (may be "0". In this case, exit with profitstop) |
| Search buy filter level | 8 | % bulls in a moment (0-8). If value < EA search for buy |
| Search sell filter level | 97 | % bulls in a moment (92-100). If value > EA search for sell |
| Money management type | 1 | MM: 0-fixed, 1-% of free margin, 2-Fopt(by Ryan Jones), 3- Sqrt(% of free margin) |
| % of free margin for each order |
5.0 | Percent of free margin for each order if MM=1 or MM=3 |
| Fixed lot size for each order |
0.01 | Fixed lot size for each order if MM=0 |
| How to close orders: 1- TP+profit stop, 2-TP+equity |
1 | What comes sooner: 1- Takeprofit (TP) or profit stop, 2- TP or target profit in account currency |
| Precision profit stop (if close 1 TP+profit stop) |
3.6 | Precision profit stop (3.7-4.2) (> -rare,< -more often) If value= "7"-off |
| Target profit in account currency (if close 2 TP+equity) |
10.00 | Target profit in account currency |
| Open Hour | 0 | Start hour |
| Open minute | 0 | Start minute |
| Close hour | 23 | End hour |
| Close minute | 59 | End minute |
| Stop work Friday? | false | Stop work EA in Friday? |
| Friday stop hour | 1 | Friday stop hour, if "stop work Friday?" =true |
| Use ATR trailing | false | Use ATR trailing (I do not recommend using trailing) |
| Timeframe ATR | 30 | Timeframe ATR for ATR trailing |
| Period ATR | 3 | Period ATR for ATR trailing |
Trading Requirements
Caution is advised. In order to trade via this EA, you need the following:
- A good broker, with low spreads and stop levels.
- For use on EURUSD M1 chart.
- A good Internet connection.
- A lot of stamina.
- Works great on ECN or low-spread account (no more than 2 pips).
Recommended Minimum Deposit
- For Standard Forex accounts - 500 USD with the minimum lot of 0.01.
- For Mini Forex accounts - 1,000 cent with the minimum lot of 0.01.
It uses unique indicators, no martingale, no hedging, no grid.
Testing
For testing in the strategy tester, please run the test on the D1 chart. This is needed to load the daily
chart data into the tester. Then test normally on M1.
SentimentEA can be tested on M1 EURUSD at all ticks or control points with profit stop enabled (that is if the value is not equal to 5 and buy filter level < "10", sell filter level > "90").
To test EA on open prices only set the value of profit stop=5, and you need to reduce percent of free margin for each order. Also change the filter values: buy filter level “3”, sell filter level “97”.
###DISCLAIMER###
This is written to assist in automating a current strategy, I am NOT liable for any funds lost during use.
Trading is a risky endeavour, ensure you backtest your strategy thoroughly or use a demo account before switching to real funds!
