This Expert Advisor uses a scalping strategy, trading breakout from relative highs and lows, is highly customizable and features drawdown-protection, time/day-filtering, etc.
No Martingale/Grid system used. Please do your own backtesting and optimazation, no guarantees given.
Have fun trading!
Features
Trade Signal
- Buy signal: Relative High of previous number of bars.
- Sell signal: Relative Low of previous number of bars.
Stoploss Strategy
Exit Strategy
- Fixed Stoploss, with or without Trailing Stoploss.
- Chandelier Exit, based on Average True Range.
- Fixed Take Profit.
Lotsize Management
- Lotsize automated by procentage of balance.
- Fixed lotsize.
Time/Day filters
- Pause trading on specific weekdays.
- Close all orders at specific time of day.
- Close all positions at specific time of day.
Account Protection
- Maximum daily drawdown, procentage and/or amount of equity - Time of daily reset customizable.
- Maximum total drawdown, procentage and/or amount of equity - Start balance customizable.
INPUT PARAMETERS
----- Volume Settings -----
Managed or Fixed Lotsize: Choose between Managed Lot size or Fixed.
Fixed Lotssize: Fixed Lot size amount.
Procentage Based, Risk %: Procentage of balance to risk, when using Managed Lot size.
Max Lots to Trade (0 = Unlimited): Maximum lotsize.
----- Signal Settings -----
Timeframe: Timeframe to trade, default = Current Timeframe
Stoploss Strategy: Option to choose between Fixed Stoploss or Chandelier Exit
Bars to Analyse: No. of periods to analyze and find relative high/low.
----- Fixed Stoploss Settings -----
Stoploss Points: Stoploss Points from open price to SL.
Trailing Stoploss Trigger (0 = Deactivated): The Trailing Stop is activated when the positions profit is past Trailing Stoploss trigger.
Trailing Stoploss Points: Amount of points to trail after Trailing Stoploss Trigger is activated.
---- Chandelier Exit Settings -----
Average True Range Period: No. of periods to calculate ATR.
Chandelier Exit Multiplier: Defines the stoploss distance based on ATR.
----- Take Profit Settings -----
Take Profit Points (0 = Deactivated): Take Points from open price to TP.
----- Time Filter Settings -----
Time Filter: On/Off
Tradingwindow Start: Time of day to start trading (Note: Close all Position should be befines aswell).
Cancel Pending Orders: Time of day to cancel all orders.
Close all Positions: Time of day to close all open positons.
----- Day Filter -----
Trade Monday: Enables/Disables trading on this weekday.
Trade Tuesday: Enables/Disables trading on this weekday.
Trade Wednesday: Enables/Disables trading on this weekday.
Trade Thursday : Enables/Disables trading on this weekday.
Trade Friday: Enables/Disables trading on this weekday.
Trade Saturday : Enables/Disables trading on this weekday.
Trade Sunday: Enables/Disables trading on this weekday.
----- Account Protection -----
Reset Daily Drawdown: Time of day to reset "Daily Drawdown".
Max Daily Drawdown % (0 = Deactivated): Maximum daily drawdown procentage of equity. If triggered, all orders will be canceled and positions will be closed (Please allow room for slippage).
Max Daily Drawdown (0 = Deactivated): Maximum daily drawdown in account currency. If triggered, all orders will be canceled and positions will be closed. (Please allow room for slippage).
Max Total Drawdown Starting Balance: Starting balance in account currency to calculate total drawdown.
Max Total Drawdown % (0 = Deactivated): Maximum total drawdown procentage of equity. If triggered, all orders will be canceled and positions will be closed. (Please allow room for slippage).
Max Total Drawdown (0 = Deactivated): Maximum total drawdown in account currency. If triggered, all orders will be canceled and positions will be closed. (Please allow room for slippage).
----- Miscellaneous -----
Expert Advisor ID: Magic Number
Order Comment: Order Comment
Close Orders When Deinitalizting: Option to close all open orders if Expert Advisor is deinitalized.
Close Positions When Deinitalizing: Option to close all open positions if Expert Advisor is deinitalized
