The Expert Advisor is based on the most frequent and successful candlestick patterns. Please note that quotes may differ with different brokers, therefore make sure to test the EA with an appropriate broker and account type first.
The EA uses the H4 chart period, which reduces the number of false signals and increases the series of winning trades.
This EA is a kind of a martingale, but it only opens one trade, and if the previous one was losing, it doubles the trade on the next signal trying to cover the loss. You will need to calculate your own settings. I will add my parameters to the EA's Comments sections, from where you can download and use them. Therefore I recommend that you test the RA before purchasing, which can be done for free in the strategy tester.
Run the EA in the strategy tester in the visual mode to see how it behaves.
Features
- It is not a scalper (does not need ultra-fast trade execution or low ping)
- No matter what type of account to choose: ECN, STP, NDD, DMA, Standart.
EA Parameters
- STOPLOSS
- TAKEPROFIT
- MAGIC - a unique magic number, must differ from all other running instances of any Expert Advisor in the same terminal. Specify any value.
- Start Work Hour - EA operation start hour.
- Start Work Min - EA operation start minute.
- End Work Hour - EA operation end hour.
- End Work Time - EA operation end minute.
- MM Start Lot - starting lot at position opening.
- MM Multiplier at losses - multiplier for the starting lot and the filling ones if the last trade was losing.
- MM lot Restart if Losses - reset the lot to the starting one if the specified series of orders closes with a loss.
- MaxSpread - maximum spread for position opening.
- MaxSlippage - maximum allowable slippage.
- comment - a comment to orders.
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