Jesversal EA

Jesversal Universal MT5 Expert Advisor (EA) Documentation

Overview

Jesversal is a sophisticated Universal MetaTrader 5 Expert Advisor (EA) designed to provide advanced trading automation with multiple signal integration and sophisticated risk management strategies.

Key Features

1. Multi-Indicator Signal Processing

• Supports up to three different indicators simultaneously
• Can process up to 16 different buffer signals
• Indicator 1 and 3 can handle up to 4 signal buffers
• Indicator 2 can handle up to 8 signal buffers

2. Advanced Trading Strategies

Bonus Strategy

• Can execute trades without external indicators when enabled
• Robust strategy suitable for multiple currency pairs
• Toggle with StrategyTwo parameter (default: true)

Martingale and Loss Recovery Strategies

• Kelechi Mode:
  • Takes trades in the same direction after a loss
  • Triggered when price crosses a specific EMA threshold
  • Configurable EMA period and lookback range
• Jeslyn Mode:
  • Takes a martingale trade in the opposite direction
  • Triggered at a predetermined loss percentage
  • Customizable loss percentage trigger

3. Risk and Money Management

• Dynamic lot size adjustment based on market volatility
• ATR (Average True Range) based lot size calculation
• Configurable initial lot size and ATR parameters
• Option to calculate lot size based on account balance
• Minimum and maximum lot size restrictions

4. Trade Filtering and Limitations

• Time and day trading restrictions
• Maximum open trades control
• Maximum buy and sell trade limitations
• Ability to close trades on opposite signal reception

5. Stop Loss and Take Profit

• Configurable stop loss and take profit in points
• Trailing stop functionality
• EMA-based trade closing option

Installation Instructions

Step 1: Prepare MetaTrader 5 Platform

1. Open your MetaTrader 5 platform
2. Navigate to File > Open Data Folder
3. Go to the MQL5 > Experts directory
4. Copy the Jesversal EA file into this folder

Step 2: Attach EA to Chart

1. Select the desired trading chart
2. Right-click on the chart
3. Choose Expert Advisors > Attach to chart
4. Select the Jesversal EA
5. Configure parameters

Parameter Configuration Guide

Indicator Configuration Tips

 IMPORTANT: Indicator Buffer Configuration

• Know the exact buffer numbers for buy and sell signals
• Buffer numbers typically start at 0
• To find buffer numbers:
  1. Attach indicator to chart
  2. Go to indicator parameters
  3. Check color settings
  4. First color often corresponds to buffer 0 (buy)
  5. Second color often corresponds to buffer 1 (sell)
• If unsure, contact the indicator developer

Key Parameters Explained

Basic Trading Parameters

• InitialLotSize : Starting lot size (default: 0.13)
• MagicNumber : Unique identifier for EA trades (default: 1234555)
• MaxRisk : Maximum risk percentage per trade (default: 2.0%)

Signal and Indicator Parameters

• Indicator1Name , Indicator2Name , Indicator3Name : Custom indicator names
• BuySignal*Buffer* : Buy signal buffer indices
• SellSignal*Buffer* : Sell signal buffer indices
• Use -1 for unused buffer fields

Trade Limitation Parameters

• MaxOpenTrades : Maximum simultaneous open trades
• MaxBuyTrades : Maximum buy trades
• MaxSellTrades : Maximum sell trades
• CloseOnOppositeSignal : Close trades on contrary signals

Advanced Strategy Parameters

• Kelechi : Enable same-direction trade after loss
• JesLyn : Enable opposite-direction martingale trade
• LotSizeBybalance : Dynamic lot sizing based on account balance

Crucial Cautions and Configuration Warnings

Indicator Configuration Cautions

 CRITICAL SETTINGS CHECKLIST:

• If an indicator is NOT in use, MUST be left empty
• Unused buffer input fields MUST be set to -1
• ALWAYS verify your indicators are NOT expired
• Expired indicators may generate incorrect signals/trades

Risk Warning

• ALWAYS test on a demo account first
• Verify complete indicator compatibility
• Thoroughly understand ALL parameters before live trading
• Incorrect configuration can lead to significant financial losses

MQL5 Backtest Performance

Example with Gradale indicator

• Tested Pair: GBPJPY
• Timeframe: M5
• Initial Balance: $10,000
• Peak Balance: $109,000
• Final Balance: $93,000
• Net Profit: $83,000+