Trading Robots for MetaTrader 4

SP Algorithmic Method

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Information

Experts
MetaTrader 4
5
Pieter Van Der Merwe
22 November 2016
1.22
1 December 2016

Overview

This Expert only runs on the 5min Chart.

Opens 6 pending trades with StopLoss and TP set at a certain time (default 6am GMT+2) of the day, Monday to Thursday.

Friday is excluded as the certainty that the Algorithm works on a Friday is very slim, but it can be overwritten in the settings so it run on a Friday but we won't suggest it.

3 of the trades are BUY and the other 3 are SELL.

When the one direction triggers the other direction gets removed.

If the TP triggers on a trade and the other trades are still pending they get removed.

When all TP triggered we are done for the day.

Currently works the best on EUR/USD but also works on some of the other currencies.


Other Settings:

  1. Set all TP to be the same as the first transaction in a particular direction.
  2. Set StopLoss to percentage of Equity when 3rd trade is triggered. To minimise losses.
  3. Certain date when Algorithm does sometime not work to avoid losses. This can be switched off.


Input Explanation:

  1. The hour in GMT+2 time the Algorithm must run every day.
  2. Percentage used to calculate the lot size of the 6 orders which will be create at the above time.
  3. The next Tuesday which GP CPI announcement will be, this is a no trade day the Tuesday and Monday before GB CPI. This date automatically shift to the next month if its past the date.
  4. Flag to override the GB CPI no trade day and trade on the Tuesday and Monday of this date.
  5. Random date we discovered which we must not trade on Monday and Tuesday, this may change if we discover its no longer needed.
  6. Flag to override setting 5 and trade on that Tuesday and Monday.
  7. Factor used to calculate the StopLoss when the 6 orders opens.
  8. StopLoss percentage of Equity when 3 trades have triggered.
  9. Flag to switch of setting 8 above.
  10. Override the no Friday trading and trade on Fridays.
  11. Flag to make all TP the same as the first trade.

7 DAY MONEY BACK GUARANTEE

If for any reason you do not like the purchased program, you can request a refund within 7 days from the date of purchase. You can also make an exchange for any other product at an equal cost or by paying the difference.

Simply send a request for refund or exchange with your order number by email: [email protected].

Refund requests received more than 7 days after purchase will be rejected.

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RISK WARNING: ea-trade.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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