Predominant Options
Multi-symbol
The EA can commerce EURUSD, GBPUSD, and USDJPY concurrently (configurable). Every image has a distinctive Magic Quantity and particular Cease Loss / Trailing Cease settings.
Indicators Used
RSI – Relative Energy Index
⚠️ These thresholds decide precisely when the EA validates an entry situation. Altering these values instantly impacts the quantity and timing of trades.
EMA and MACD
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Quick EMA / Sluggish EMA: detect the general pattern. Positions are solely taken if the pattern is confirmed (e.g., Quick EMA > Sluggish EMA for BUY).
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MACD: acts as a filter to keep away from false alerts.
Look ahead to New Candle
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WaitForNewBar:
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true : commerce solely on the shut of a candle.
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false : commerce on each tick, extra reactive however extra delicate to market noise.
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⚠️ This parameter basically modifications the EA’s habits.
Buying and selling Hours
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EnableTradingHours, TradingStartHour, TradingEndHour: outline the hours when the EA is allowed to open positions.
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SkipLiquidMondayFriday: avoids opening trades throughout excessive volatility or low liquidity durations (Monday morning, Friday afternoon).
⚠️ Essential to restrict threat throughout excessive market actions.
Utilizing % of Capital for Lot Dimension
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UsePercentOfCapital: opens positions proportional to the accessible capital.
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% of capital: proportion of capital to threat per commerce.
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Account leverage: enter the right account leverage for correct lot calculation.
⚠️ Lot dimension can be mechanically calculated in keeping with these parameters.
Be aware: on this code, the lot dimension is pressured to 0.2, however this calculation is helpful for those who modify the code to allow % of capital.
Cease Loss and Trailing
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SL configurable per image.
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Trailing Begin / Step: outline when the SL begins following the market and by what number of steps it strikes.
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Breakeven: can safe the place as soon as a minimal revenue is reached.
Danger Administration
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Limits the variety of positions per image in keeping with RiskLevel (Low / Medium / Excessive).
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Robotically checks accessible margin earlier than opening a commerce.
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Respects dealer quantity limits.
For any questions or assist, you’ll be able to contact the creator on MQL5.
