The program works in 3 modes: Robot, Advisor, Indicator.
1. Robot – works fully automatically, without intervention ( Automatic mode )
2. Advisor – it tells you when and what operation to do, using the SELL, BUY and CLOSE buttons. ( Manual mode )
3. Indicator for manual trading ( Manual mode )
This is a trend robot, which takes into account current trends, their reversals, as well as support / resistance levels.
There is a special algorithm for determining entry and exit points.
During the trade is used as an increase in the lot, and its reduction.
The robot uses special indicators of its own design:
– Trend Indicator
– An indicator for determining reversal points
– Indicator to determine support / resistance levels
– Indicator for the speed of price movement and others.
The robot is able to determine the slow trend also flat. In these cases, the order does not open.
In robot mode, the program works completely in automatic mode, without intervention. It is enough only to choose a mode of profitability: Low, Medium and High.
In the advisor mode, appropriate instructions are given in the form of text on the chart and a sound signal.
The following indications are given with the appropriate lot:
– Open the order, SELL / BUY
– Increase the volume (lot) of the position, SELL / BUY
– Reduce the volume (lot) of the position, SELL / BUY
– Close order
In Manual mode, the current point (in the form of an arrow) and the necessary action with a sound signal are interactively indicated on the screen. In this mode you can switch to Automatic mode at any time. Then the robot will continue to work and will follow the open positions.
The Drawdown parameter is a virtual Stop Loss, the percentage of the balance at which a position will be closed (drawdown by equity).
The robot uses virtual floating Take Profit (TP), Stop Loss (SL), as well as trailing stop.
It works on all currency pairs.
Recommended currency pairs: EURUSD, GBPUSD, EURCAD, EURGBP, USDCAD, AUDUSD, USDJPY, EURJPY, AUDJPY, USDCHF . . .
A standard trading account is recommended: Standard without commission.
Lot size (LOT) can be changed only in manual mode (Manual).
Works on any time frame, with a leverage from 1:50, but recommended 1:100 or higher, with quotes 5 (3) after the decimal point.
Minimum deposit of $ 500, recommended from $ 1000. Account currency: USD, EUR.
*** Test only on real ticks (Every tick based on real ticks)
On the strategy tester in the visualization mode, the program can work as a simulator, where you can conduct manual trading and test different trading strategies
In Manual mode:
All control buttons are shown in Fig. 4
If you have open orders in MT5 terminal while migrating to another MT5 terminal, you should copy all files from “Files” folder before installing robot on the new terminal
The folder is located here: Open the “File” menu -> “Open Data Folder” -> “MQL5” -> “Files” -> . . . . (EURUSD.new . . . )
These files (.new) store the latest states for each pair
Petros Shatakhtsyan – programming expert in modeling and development of automated trading systems with more than 10 years of Forex experience.