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The fully automated Fair Expert Advisor is developed to trade at night during low market volatility.
To open positions, the advisor uses correlation of several indicators on different timeframes.
Not a martingale, not a grid, not an arbitrage.
Deposit is always protected either by StopLoss parameter or by DD parameter.
Broker and deposit
Any broker with a small spread and fast execution of orders will be suitable for trading.
Minimal recommended deposit – $100.
Currency pairs and timeframe
Trading on EURUSD, GBPUSD is recommended.
Timeframe – M5 strictly.
Terminal – MetaTrader4.
Expert Advisor with simple and effective strategy: Yellow
Our well known Expert Advisor: SZ Scalper
Parameters
- EAMagic – magic number of the EA, which allows it to distinguish its positions from others. Must have different values for every chart.
- AutoLot – can be set to “true” or “false”. When set to “true” the EA selects the lot size for trading depending on the balance value.
- Lots – lot size is set by user, if the value of AutoLot is “false”.
- Risk – percentage of the deposit, used for the automatic calculation of the lot.
- DD – the maximum drawdown as a percentage of the balance, at which all positions of the EA on current currency pair will be closed.
- CommentOfOrder – comment to orders. Can take any value.
- TakeProfit – TakeProfit value in points.
- StopLoss – StopLoss value in points.
- TrailingStop – trailing stop value in points. If 0 – disabled.
- MaxNumberOfOrders – maximal number of simultaneously opened orders.
- MaxSpread -maximal value of spread for the EA to open new positions.
- Duration of trading in minutes – maximum holding time of an open position, in minutes.
- CloseProfitsOnly – if “true”, the EA will wait for the position to become profitable, regardless of the “Duration” parameter, if the loss is less than 30% of StopLoss.
- EndOfMonthStop – if “true”, the EA will stop trading at the end and beginning of a month.
- BuyPositions – can be set to “true” or “false”. If “true”,the EA will open positions “Buy”.
- SellPositions – can be set to “true” or “false”. If “true”,the EA will open positions “Sell”.
- Boost Trades – if “true”, the EA will open positions more often, only using Strategy1 gains relative advantages.
- ShowInfoPanel – can be set to “true” or “false”. If “true”, the information panel will be displayed on the chart of the traded pair.
- Panel_Language – language of the information panel.
- TextColor – font color of the information panel.
Recommended parameters for EURUSD and GBPUSD for winter timezome of trading terminal GMT+2 – default.
Parameters are set as for 4-digits servers. They will be automatically recalculated for 5-digits servers.
