Technical Indicators for MetaTrader 4

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MetaTrader 4

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Information

Experts
MetaTrader 5
Anatoly Kotlov
1.20
5

Overview

The Expert Advisor opens orders at the points of possible price reversal using repeated entries (adding to a position). 

Parameters for repeated entries (volume, price and time) are set by the functions. Function equations are integrated into the EA.

Only initial parameters and equation type should be selected for optimization.


Features

By selecting different combinations of parameters and equations integrated into the EA, you can create its varieties that are quite different in their trading methods (scalper, nets, martingale). The Expert Advisor works on bar openings. Thus, "Open prices only" method can be used for optimization. M5 shows the best results, but you may also try other timeframes with no limitations. The trading robot uses Stop Loss. The variant of EA works in Hedging mode, for netting mode another EA exists.


Input Parameters

  • Lot0 - initial lot value;
  • Lot Function - number of the function for lot size calculation (from 0 to 13);
  • TakeProfit - the most easy-to-understand;
  • StopLossStep - used for calculation of Stop Loss equal to StopLossStep*ReEnter0;
  • ReEnter0 - initial value of the price grid for a repeated entry in points;
  • ReEntFunction - number of the function for the price grid calculation (from 0 to 7);
  • TimeGrid0 - initial interval for the time grid in bars;
  • TimeFunction - number of the function for the time grid calculation (from 0 to 3);
  • slip - slippage;
  • Magic - magic number.

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