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LIVE SIGNAL

LIVE SIGNAL 2

Instead of fitting the system to reflect historical data (like most people do) it was designed to exploit existing market inefficiencies. Therefore it is not a simple "hit and miss" system which only survives by using grid. Instead it uses real market mechanics to its advantage to make profit

Supported currency pairs: AUDCAD, AUDNZD, NZDCAD

Recommended timeframe: M15

Features:

• One Chart Setup: you only need one chart to trade all symbols
  
• Multiple currency pairs support
  
• Solid backtest and live performance
  
• No need to adjust GMT
  
• Very easy to use: just read 3 lines of instructions below
• Much cheaper than available high-quality alternatives

How to install

Requirements

MM & Risk settings

• Allow Opening a new Grid - on/off opening of new grids. It does not affect the already open grids
  
• Lot-sizing Method - select the lot sizing method according to the risk you want to take: Fixed Lots will use fixed lot size from the "Fixed lot" parameter, Dynamic Lots will use 'Dynamic Lot' parameter, Deposit load will calculate lots based on deposit load%, and 4 predefined presets will calculate risk automatically for you
  
• Fixed Lot - fixed trading lot for the initial trade.
  
• Dynamic Lot (Balance/Equity based) - balance/equity to be used per 0.01 lot
  
• Deposit Load % - % of the deposit that will be totally used to open the initial trade
  
• Maximum Lot - max allowed trading lot
  
• Maximum Spread, in pips - maximal allowed spread
  
• Maximum Slippage for a non-ECN acc, in pips - max allowed slippage
• Maximum Symbols at a time - max allowed number of symbols that can be opened at the same time
  
• Allow Hedging - allow opening multi-directional trades on the same symbol
  
• Allow Trading on Holidays - on/off Christmas/New Year trading filter
  
• Allow to Buy/Sell - on/off Buy/Sell trades
  
• Maximum Drawdown Percent - if current floating drawdown exceeds the specified % the EA will close open positions
  

Strategy

• Symbols - symbols separated by comma (custom if empty)
• Bollinger Bands Period - period of BB used to calculate the upper/lower levels
  
• RSI Period - period of RSI used to filtering out trades with small potential.
  
• Maximum RSI Value - value for the RSI filter
  
• TakeProfit for Initial Trade, in pips - take profit for the initial trade (if no grid trades opened)
  
• TakeProfit for Grid, in pips (weighted if zero) - take-profit for the grid. If zero, then TP is weighted, i.e. it is equal to TP of the initial order in money (not in pips!)
  
• StopLoss for Grid, in pips (1000 pips if zero) - stop-loss for the initial/grid trades
  
• Hide StopLoss - on/off stop-loss hiding
  

Grid settings

• Trade Distance - min. step in pips between grid(averaging) trades
  
• Smart Distance - auto- adjusts the trade distance depending on market volatility
  
• 2nd Trade Multiplier - multiplier for the 2nd trade
  
• 3rd-5th Trade Multiplier - multiplier for the 3rd-5th trades
  
• 6th- Trade Multiplier - multiplier for the 6th-.... trades
  
• Maximum Trades - max number of grid(averaging) trades
  

Others

• Trade Comment - comment for orders
  
• UID (0...9) - unique EA instance number. Usually no need to change it
  
• ShowPanel - on/off Info-panel