FoxTrotTWO EA

FoxTrotTWO EA is a scalper Expert Advisor.

Recommendations

• Trading Time: mainly in the European night time.
• Timeframe: M15.
• Broker: it is recommended to use an ECN broker and a VPS.
• Risk setting: 20 low risk 40 middle risk 60 high risk.

Benefits

• No martingale, no grid, no hedging.

Inputs

• Trading Hour Start 23 - hour in which the EA starts the trading period.
• Trading Minute Start 30 - minute in which the EA starts the trading period.
• Trading Hour End 0 - hour in which the EA ends the trading period.
• Trading Minute End 59 - minute in which the EA ends the trading period.
• Close Hour Start 9 - hour in which the EA starts the closing period.
• Close Minute Start 0 - minute in which the EA starts the closing period.
• Close Hour End 9 - hour in which the EA ends the closing period.
• Close Minute End 1 - minute in which the EA ends the closing period.

• Allowed Spread 15.0 - maximum allowed spread to open a trade.
• Slippage 3.0 - maximum allowed slippage to open a trade.
• Use Money Management false - 'false' means trade with fixed lot size; 'true' means trade with automatic LotSize via risk setting.
• fixed LotSize 0.01 - if Use Money Management = 'false' then trade with fixed lot size.
• Risk 30.0 - percentage of free margin to trade - for example risk 30 means 0.03 lot per 100 USD free margin.
• max Lotsize 90.0 - maximum allowed lot size to open trades.

• Magic Number - unique number to identify each trade.
• Order Comment - set here your trade comment.

• Use Swap Filter - if true, then the swap will be taken into account in the trading.
• Minimum Swap - choose minimum swap value.
• YMinutesRange - amount of time in minutes to midnight, in which the swap should be taken into account.
• Filter1 16 - filter 1 period.
• Filter1 Value 50 - filter 1 value.
• Filter2 12 - filter 2 period.
• Filter2 Value 50 - filter 2 value.
• Filter3 10 - filter 3 period.
• Filter3 Value 70 - filter 3 value.
• Filter4 7 - filter 4 period.
• Filter4 Value min 30 - filter 4 minimum value in points.
• Filter4 Value max 300 - filter 4 maximum value in points.
• Filter5 Value min 30 - filter 5 minimum value in points.
• Filter5 Value max 350 - filter 5 maximum value in points.

• Deltafactor 0.3 - determines the distance from the upper and lower end of the range for strategy 2 (the factor depends on the filter 4).
• TP Factor 0.6 - factor to determine the Take Profit (the factor depends on the filter 4).
• SL Factor 4.5 - factor to determine the Stop Loss (the factor depends on the filter 4).
• TP Factor2 0.6 - factor to determine the Take Profit 2 (the factor depends on the filter 4).
• SL Factor2 4.0 - factor to determine the Stop Loss 2 (the factor depends on the filter 4).
• Use Safe Mode true - 'false' means trade without safe mode indicator; 'true' means trade with safe mode indicator.
• Safe Mode Indicator Period 20 - safe mode indicator period.
• TP min in Points 25 - minimum value Take Profit in points.

• MondayAM true - if 'true' then trading on Monday AM is possible; if 'false' then will be no trades executed on Monday AM.
• MondayAMStartTime 00:00 - start time trading period Monday AM.
• MondayAMEndTime 12:00 - end time trading period Monday AM.
• MondayPM true - if 'true' then trading on Monday PM is possible; if 'false' then will be no trades executed on Monday PM.
• MondayPMStartTime 12:00 - start time trading period Monday PM.
• MondayPMEndTime 23:59 - end time trading period Monday PM.
• UseNewsFilter true - if 'true' then news filter is active.
• CloseAfter_BeforeMins false - if 'true' then already open trades are closed at time x-BeforeMins and new trades will not be opened until y-AfterMins; if 'false' then already open trades remain open at the time x-BeforeMins and (only) new trades will not be opened until y-AfterMins.
• SymbolsToCheck EUR,USD - news relevant pairs can be set individually.
• UseHighImpact true - if 'true' then High Impact News will be considered.
• HighBeforeMins 120 - suspend trading from x minutes before High Impact News.
• HighAfterMins 120 - suspend trading until y minutes after High Impact News.
• UseMediumImpact true - if 'true' then Medium Impact News will be considered.
• MediumBeforeMins 60 - suspend trading from x minutes before Medium Impact News.
• MediumAfterMins 30 - suspend trading until y minutes after Medium Impact News.
• UseLowImpact false - if 'true' then Low Impact News will be considered.
• LowBeforeMins 30 - suspend trading from x minutes before Low Impact News.
• LowAfterMins 30 - suspend trading until y minutes after Low Impact News.