Trading utilities for MetaTrader 5
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MetaTrader 5
Top Rated Products MT5
Overview
Monitoring: https://www.mql5.com/en/signals/author/yarkan
Features
- Works only with Hedge accounts
- Does not use Take Profit, fixed Stop Loss
- Applies trailing stop
- Trades from overbought/oversold levels (uses WPR)
- Analyzes each market tick (select "Every tick based on real ticks" mode when testing)
- All positions are closed only by Trailing Stop
Recommendations
- Deposit: $500 or more (the larger, the better)
- Symbol: EURUSD (with five-digit quotes)
- Timeframe: M1
Parameters
- Period - WPR indicator period (number of bars to determine overbought/oversold levels)
- Risk - ratio for automatic calculation of position volume
- RiskMode - calculation mode: Balance - use an account balance; Equity - use an equity; FreeMargin - use a free margin
- TrailingStart - profit in points to activate a trailing stop
- TrailingStop - trailing stop distance
- LockDrawdown - partial closing of the first position (opened before all the rest ones) using profitable trades. Activated if the ((Balance-Equity)*100/Balance) drawdown exceeds the LockDrawdown value
- TradeStartHour - position opening start hour (server time)
- TradeStopHour - position opening end hour (server time)
- MagicNumber - number for the EA to recognize its own positions
