BreakChannelExp

BreakChannelExp is an Expert Advisor for trading Moving Average channels.

General

• The EA is a versatile tool with many settings and operation modes.
• Expansion of the functionality in the new versions with full compatibility with older versions.
• Deals are performed only when a new bar is opened (at Open prices) for fast testing and optimization.
• The EA works with any amount of quote digits.
• The EA is resistant to unstable power supply and connection to a broker. As soon as connection is restored, the orders are managed by the EA again.
• The EA has been developed for USD accounts, though you can use a fixed lot for other accounts.
• The EA is accompanied by auxiliary MQL4 programs that I am going to post in the Comments section.

Input parameters

It is possible to create various trading systems based on the Moving Average channels by using different combinations of parameters.

A detailed description of the input parameters for the current version of the EA is available in the Comments section.

==== MM ====

Block of the money management parameters. You can select a fixed lot, risk in USD or a percentage of the balance.

• Lots
• RiskInDollars
• PercentRiskBalance

==== Exit ====

Block of exit parameters.

• PeriodAverageHL - period in bars on the current chart for calculating the average High-Low (AverageHL). The parameters below with the names starting with "Percent" are calculated as a percentage of AverageHL.
• PercentStopLoss
• PercentTakeProfit
• PercentBreakeven
• PercentBreakevenProfit
• PercentTrailingStop
• KexpTS - Trailing Stop smoothing factor (0..1).
• KexpTP - Take Profit approximation factor (0..1).
• PercentMinProfitExpTP - minimum profit that Take Profit approaches to.
• ModeExp - maintenance and exiting mode (0..6).

==== Entry ====

Block of entry parameters.

• MAChannelPeriod - period of the Moving Average for the signal channel.
• PercentHalfChannel - half of the signal channel width.
• ModeTrend - trend mode (0..5).
• MATrendPeriod - period of the Moving Average for the trend channel.
• PercentHalfTrend - half of the trend channel width.
• ModeReverse - entry mode.
• PosReverse
• OpenOnlyInBreakMoment
• Filter
• BlockNewOrders
• BlockNewOrdersTimer

==== Averaging ====

Block of averaging parameters. If the averaging mode is disabled, Stop Loss is used. If enabled, averaging is used instead of Stop Loss.

• ModeAveraging - averaging mode. 0 - disabled, 1,2 - enabled.
• PercentStepOrders - parameters for the step between orders.
• PercentStepOrdersInc
• PercentStepOrdersMax
• QntOrdersStepOrdersInc
• MAAveragingPeriod - parameters for the averaging channel.
• PercentHalfAveraging
• QntOrdersAveragingMA
• PercentProfitOneOrder - parameters for profit per order in the series.
• PercentProfitOneOrderDec
• PercentProfitOneOrderMin
• QntOrdersProfitOneOrderDec
• QntOrdersFastExit - parameters for quick exit.
• PercentProfitOneOrderFastExitQO
• QntBarsFastExit
• PercentProfitOneOrderFastExitQB
• KIncLot - parameters for the lot increase ratio.
• KIncLotDec
• KIncLotMin
• QntOrdersKIncLotDec
• MaxOrders - parameters for limiting by orders or drawdown.
• MaxLossBalance
• MaxLossDollars
• MaxLossBalanceBlock

==== Optional ====

Block of additional parameters.

• MagicNumber
• BlockHoursFrMo
• StartBlockHourFriday
• EndBlockHourMonday
• BlockHoursDaily
• StartBlockHour
• EndBlockHour
• PercentSlippage
• MaxSpread
• SoundOn

==== Tester ====

Block of parameters for the genetic optimization using "Custom".

• TesterRF
• TesterMinQntTrades
• TesterMaxDD
• TesterMinProfit
• TesterMinPF
• TesterMinPercentProfitTrades
• TesterMinRatioAverageProfitLoss
• TesterFilterProfitJumps
• TesterKJumpDetector

The default parameters of the EA are merely an example of using the EA.

For most parameters, a value of 0 means disabled/not used, the same applied to invalid values, for example, negative numbers.

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Download[LINK1] Download[LINK2]