Expert Advisors and Indicators for MetaTrader 5

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MetaTrader 5

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TWODirection

twodirection-logo-200x200-1725
249.00 USD211.65 USD

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Information

Experts
MetaTrader 5
Sugianto
1.38
20

Overview

Two Direction is specially made to trade correlation between currencies.
Entry point if there is a range formed between the two currencies that has a negative correlation.

The formation of the correlation range can see the following link: here | Setfile here 

Suggested use:
+ Use this bot for manual semi auto trades.
+ Perform market analysis in the Asian session to find tradable correlation pairs.
+ Install bots and set pending orders and takeprofits as desired.
+ Monitor again in UK and US sessions.
+ If the bot has taken a position, activate Continue New Cycle=false.

Free Range Correlation Scanner Script: here | Overlay 2D Indicator : here | Range Correlation Scanner Indicator : Click here

Main Features:

1. Manage Open Positions
+ Continue New Cyle: If false, then the expert will only manage open positions and will not open new positions when all positions have been closed.
+ Second Symbol Correlation: fill in 2nd Pair correlation

2. Manage Entry Strategy
+ Select Entry Strategy: Select Manual Entry or Auto
+ Manual Entry: Buy A Sell B /Sell A Buy B

3. Auto Mode Setting
+ Use Minimum Range : Enable minimum range to start pending orders
+ Range Difference to Start Pending Order: Minimum range beetween pair 1 & 2 to start pending order
+ Bars to count: Number of history bars to analyze

4. Manage pending orders
+ Distance of pending orders from the current price(in pips)
+ Step size to move pending order (in pips): Trendline will move to the latest prices according to the number of sizes entered.

5. Manage Averaging Step
+ Step Type: Pips/Money : Select step type
+ Initial Start Pipstep (in pips): Initial Step in pips
+ Initial Start Moneystep (in money): Initial Step in money
+ Pipstep Multiplier Coefficient: Coefficient multiplier of step increase

6. Manage Lot and Max Level
+ Lot Type: Select lot type
+ Lot 1st Symbol: Fill in lot 1st Symbol
+ Coefficient Lot 1st Symbol: coefficient multiplier lot 1st Symbol for martingale 4
+ Lot 2nd Symbol: Fill in lot 2nd Symbol
+ Coefficient Lot 2nd Symbol: coefficient multiplier lot 2nd Symbol for martingale 4
+ Max Level = Maximum Level Grid

7. Manage Close Positions
+ Target money for closing orders $: Target profit in money
+ Cut loss if loss $: fill in cut loss in money
+ Trail start $: Target profit in money to start trailing
+ Trail stop $: Trail step in money

8. Time Management
+ Trade Start Time: Time to start trades
+ Trade End Time: Time to stop trades

9. Manage Others
+ Slippage (in Pips): Slippage allowed
+ Maxspread (in Pips): Max Spread allowed

 

Money Management: 

     1000 usd = open 2 chart = 4 pairs
     5000 usd = open 10 charts = 20 pairs   

   

 Recommended pair:
     EURCAD-CADCHF
     EURCAD-CADJPY
     EURAUD-AUDCAD
     EURAUD-AUDCHF
     EURNZD-NZDUSD
     EURNZD-NZDCHF
     AUDCAD-CADCHF
     AUDUSD-USDJPY
     NZDUSD-USDJPY
     EURUSD-USDCHF 



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RISK WARNING: fx-market.pro is a software reseller, we do not offer investment advice or execute trades. The software we provide is a tool where the settings are input by the end user to design their own trading strategy. Trading forex and CFDs carry a high degree of risk to your capital and it is possible to lose your entire deposit. Only speculate with money you can afford to lose. As with any trading, you should not engage in it unless you understand the nature of the transaction you are entering, and the true extent of your exposure to the risk of loss. These products may not be suitable for all investors, therefore if you do not fully understand the risks involved, please seek independent advice.

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