Technical Indicators for MetaTrader 5
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MetaTrader 5
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Overview
Forex Jumper is an Expert Advisor for trading EURJPY. Candlestick pattern analysis is used for generating trading signals. The EA uses BUYSTOP and SELLSTOP pending orders.
Settings:
- Lot = 0 - manual setup of the opened orders' volume
- Risk = 13 - MM risk percentage, the parameter works if Lot = 0
- MagicNumber = 208 - ID of EA orders and positions, magic number
- TP = 20 - virtual profit level in points if there is a single unidirectional open position on the market
- TP2 = 20 - virtual profit level in points if there are more than one unidirectional open position on the market
- StopLoss = 500 - loss level in points; if 0, the level is not set
- count_BUY = 1 - limit the number of buy orders that are present on the market simultaneously; if 0, orders are not set
- count_SELL = 1 - limit the number of sell orders that are present on the market simultaneously; if 0, orders are not set
- Slippage = 3 - slippage level, in points
Recommended values for the EA inputs optimization:
| Start | Step | Stop | |
|---|---|---|---|
| TP | 1 | 1 | 300 |
| TP2 | 1 | 1 | 300 |
| StopLoss | 10 | 2 | 1000 |
| count_BUY | 0 | 1 | 100 |
| count_SELL | 0 | 1 | 100 |
