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LIVE SIGNAL

The Expert Advisor trades during the Asian session according to the CCI, Bollinger Bands indicators. If the price moves in unfavorable direction, an order grid is placed, with a dynamic step depending on the indicator values. The EA features a breakeven function, four position exit filters.

Recommended Brokers: Alpari, IC Markets, FortFS

Real account signal of the EA:  https://www.mql5.com/ru/signals/539949

Recommend deposite: 1500-2000$ per 0.01 lot

Recommended ECN broker: IC Markets 

Max spread: 4 pips

Leverage: 1:500 or higher

Set files and test results: DOWNLOAD

Detailed description of the EA and it settings: CLICK

General Settings

• Set Name - name of the set file.
• Lot - fixed lot size for the EA to open orders.
• DepoPer001Lot - automatic lot size as the specified deposit amount per 0.01 lot.
• Take Profit - fixed take profit value in points.
• Dynamic TP: Channel Percent - TP calculated as the specified percentage of the current channel width of the BB indicator.
• Dynamic TP: Min Size - the minimum take profit value when using 'Dynamic TP: Channel Percent', in points.
• TP: Include Swap and Comission - consider all profit to summ Take Profit

Extra Settings

• StopOpenNewOrders - pause to open new orders
• Max Spread - the maximum allowable spread in points (for Buy and Sell apart)
• ExitDDPercent - drawdown percentage to force close all orders
• StopByMaxDD - DD % at which the EA is not allowed to open new grids
• StopByMaxSymbolTrades - the maximum number of trading pairs allowed in the market at a time
• StopEqualCurrencyTrade - check the unidirectional trading pairs in the market and prohibit entries on them.

Enter Settings

• BB: Period - period of the Bollinger Bands indicator.
• BB: Deviation - deviation of the BB indicator.
• BB: Delta - indent of the BB indicator from the boundaries (can be in both direction), in points.
• BB: Min Channel Width - the minimum width of the BB channel at which the EA is allowed to trade, in points.

• CCI: Period - period of the Commodity Channel Index indicator. If 0, the indicator signal is ignored.
• CCI: Level - level of the CCI indicator. Calculated for the opposite signs. That is, at 'CCI: Level = 100' the levels 100 and -100 will be used.

Candle Size Filter

• UseMaxCandleForAllOrders - use the maximum candle size filter for all orders of the grid. If False, it is used only for the first order.
• Max Candle Size - the maximum sum of the last N candles' lengths (from High to Low), above which the EA will not open new orders.
• Bars For Analyze - the number of recent candles on the chart to analyze the candle sizes.

Grid Settings

• ATR Period for Distance - ATR period for calculating the minimum allowable distance between grid orders.
• ATR Multiplier - multiplier for the ATR value.
• Multiplier 3 level - lot multiplier, used only for the third level of the grid. The second level is always opened with the initial lot size.
• Multiplier > 3 level - lot multiplier for the grid, starting from the fourth level.
• TPDecreasePercent - reduce the TP of the grid by the specified percentage every time a new grid level is opened.
• BE Level - number of level to move the grid TP to breakeven.
• Averaging Level - number of the level at which the lot multiplication stops and the lot size is set equal to the last used value.

Exit Settings

• Exit Profit Percent - percentage of take profit, at which the four filters for exiting positions start working.
• Exit BB Filter: Out Channel Distance - distance from the opposite channel boundary of the BB indicator in points, at which the closure will occur.
• Exit CCI Filter: Period - period of the CCI indicator to force close the position when an opposite indicator signal appears.
• Exit MA Filter: Period - a position is closed when the Moving Average with this period changes direction.
• Exit Time Filter: Minutes - the number of minutes since last order, after which profitable positions are closed.

1 Order Trade Time Filter

• GMT Offset - time offset of the broker server from GMT.
• Start Trade Hour/Start Trade Minute - hour and minutes to start trading.
• End Trade Hour/End Trade Minute - hour and minutes to to stop trading.

1 Order Rollover Filter

• Rollover Filter - if true, activates the filter.
• Start Rollover Hour/Start Rollover Minute - hour and minutes for start rollover pause filter.
• End Rollover Hour/End Rollover Minute - hour and minutes for stop rollover pause filter.

Other Settings

 - settings for graphic and text display