The trading robot opens and closes positions based on signals from the support and resistance indicator - it trades simultaneously
breakouts and rollbacks. It has the option to close positions by take profit and stop loss. When new signals appear the EA adds orders.
When an opposite signal appears: if the order basket is in profit, then the EA closes it; if the basket is in loss, the robot opens opposite
orders. The EA settings can be adjusted right from the chart. The EA also features the News Stop Trading system, which suspends trading
during the news releases. Also, it is possible to close positions using the "close buy", "close sell", "close all" buttons from the
chart.
Real operation monitoring as well as my other products can be found here: https://www.mql5.com/en/users/mechanic/seller
Reccomend pairs - eurusd gbpusd usdcad nzdusd audusd m15
Minimum deposit 100 usd
Reccomend settings is default
User Inputs
The product works both on 4 and 5-digit quotes. Specify values in points like for 5 decimal places in the input parameters, and it will
automatically recalculate everything for 4 decimal places.
- Starts Lots - initial lot value;
- Lot Multiplier - lot multiplier for the second and subsequent orders;
- Max Lot - maximum acceptable lot;
- Max. Locked Orders — maximum number of locking orders;
- Grid Step - minimum distance between orders after the end of locking orders;
- Take Profit, points - take profit in points;
- Stop Loss, points - stop loss in points from the first order;
- Trail Start, points - profit in points to activate trailing stop;
- Trail Distance, points - trailing stop distance;
- Overlap Order - enable/disable covering loss-making orders by the last one;
- Overlap order number - order, from which the coverage by the last order starts working;
- Overlap percent - profit percentage for order coverage;
- Distance - distance to the level for the indicator signal to appear;
- Start Time - the EA operation start time (server time), in which it is allowed to open deals;
- Stop Time - the EA operation end time (server time), in which it is allowed to open deals;
- Magic - magic number for the Expert Advisor to identify its positions;
- NewCycle - when enabled, the EA works non-stop, otherwise, the EA does not open new orders
after a series of trades (enable/disable);
- Imp1DRAW, Imp2DRAW, Imp3DRAW - display news on the chart (enable/disable);
- Pause before a high importance news - suspend the EA operation before important news in
minutes;
- Pause after a high importance news - suspend the EA operation after important news in
minutes;
- Pause before a medium importance news - suspend the EA operation before medium importance
news in minutes;
- Pause after a medium importance news - suspend the EA operation after medium importance news
in minutes;
- Pause before a low importance news - suspend the EA operation before low importance news in
minutes;
- Pause after a low importance news - suspend the EA operation after low importance news in
minutes;
To enable News Stop Trading, tick the "Allow WebRequest" option and add "http://ec.forexprostools.com",
"http://www.worldtimeserver.com" to the list of URLs for WebRequest. To do this, open Tools > Options > Expert Advisors.
Check the option "Allow WebRequests for listed URL:". Add the following:
"http://ec.forexprostools.com","https://www.worldtimeserver.com" and press "OK". The EA takes news from the specified
websites.
