AsakeTaiwo
New Member
DESCRIPTION:
This Expert Advisor is a complete trading system based on a variety of technical indicators, moving averages and pivots. Each of those elements can be assessed in many ways (depending on the indicator) providing limitless optimization scenarios for the expert advisor. In order to work it is needed to play with the variables and create defined rules and coefficients. Default parameters will not provide the expected positive results.
Indicators included with the possible scenarios for Entry:
- RSI (Above Middle Line, Below Middle Line, Positive Slope, Negative Slope, Above OverBought Level, Below OverSold Level)
- Stochastic (Above Middle Line, Below Middle Line, Positive Slope, Negative Slope, Above OverBought Level, Below OverSold Level)
- CCI (Above Middle Line, Below Middle Line, Positive Slope, Negative Slope, Above OverBought Level, Below OverSold Level)
- Ultimate_Oscillator (Above Middle Line, Below Middle Line, Positive Slope, Negative Slope, Above OverBought Level, Below OverSold Level)
- MACD (Above Middle Line, Below Middle Line, Positive Slope, Negative Slope)
- Williams_Percent (Above OverBought Level, Below OverSold Level)
- ADX (Weak Trend, Strong Trend, Very Strong Trend, Extremely Strong Trend)
- ATR_High_Volatility (If True is considered)
- Use_ROC (If True is considered)
- Use_Bear_Bull_Power (If True is considered)
Current Price Above these indicators for Buy, Below for Sell:
Pivot Point
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Coefficients for Entry:
At this moment there are 17 different indicators considered.
- The trader selects the Entry Percentage given by the coefficients for Entry (70% by default)
- Each Indicator can be used or not
- If the indicator is used, its coefficient is added to the Total_Coefficient. By default each indicator has coefficient equal to 1. If the trader considers that some indicators should weigh more than others he needs to play with the coefficient values, the total would be also increase in this case and whenever the indicator with the higher coefficient gives true for either buy or sell it will make the entry more viable.
- For example, if all indicators are equal to 1 and 11 of them give a buy signal, the Buy Entry Commitment at that moment is (11/17)=64.7%. But if the MACD, SMA(10) and SMA(20) have a coefficient of 2 and the 3 of them were giving a buy signal in those 11 indicators, the Commitment would now be (14/20)=70%. This means that the necessary total is higher now but if the indicators making that total higher are giving a signal then the commitment percentage would be reached faster.
Expert Advisor Options/Features:
- Only one trade at once
- Automatic Lots based on Risk: 1% by default
- Trader can choose to trade both directions or only buy or sell
- Trader can select the Time Frame to be analyzed
- Trader can have predifined Stop Loss, Take Profit and Trailing Stop Loss (TSL needs revision)
- Stop Loss and Take Profit Levels modified automatically as per trader values in points (5-digit brokers 1 pip = 10 points, so 20 pips are 200 in these fields)
- Optional Sound and Email Alerts included
- Other features: slippage, magic number, manual lots
This Expert Advisor is a complete trading system based on a variety of technical indicators, moving averages and pivots. Each of those elements can be assessed in many ways (depending on the indicator) providing limitless optimization scenarios for the expert advisor. In order to work it is needed to play with the variables and create defined rules and coefficients. Default parameters will not provide the expected positive results.
Indicators included with the possible scenarios for Entry:
- RSI (Above Middle Line, Below Middle Line, Positive Slope, Negative Slope, Above OverBought Level, Below OverSold Level)
- Stochastic (Above Middle Line, Below Middle Line, Positive Slope, Negative Slope, Above OverBought Level, Below OverSold Level)
- CCI (Above Middle Line, Below Middle Line, Positive Slope, Negative Slope, Above OverBought Level, Below OverSold Level)
- Ultimate_Oscillator (Above Middle Line, Below Middle Line, Positive Slope, Negative Slope, Above OverBought Level, Below OverSold Level)
- MACD (Above Middle Line, Below Middle Line, Positive Slope, Negative Slope)
- Williams_Percent (Above OverBought Level, Below OverSold Level)
- ADX (Weak Trend, Strong Trend, Very Strong Trend, Extremely Strong Trend)
- ATR_High_Volatility (If True is considered)
- Use_ROC (If True is considered)
- Use_Bear_Bull_Power (If True is considered)
Current Price Above these indicators for Buy, Below for Sell:
Pivot Point
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Coefficients for Entry:
At this moment there are 17 different indicators considered.
- The trader selects the Entry Percentage given by the coefficients for Entry (70% by default)
- Each Indicator can be used or not
- If the indicator is used, its coefficient is added to the Total_Coefficient. By default each indicator has coefficient equal to 1. If the trader considers that some indicators should weigh more than others he needs to play with the coefficient values, the total would be also increase in this case and whenever the indicator with the higher coefficient gives true for either buy or sell it will make the entry more viable.
- For example, if all indicators are equal to 1 and 11 of them give a buy signal, the Buy Entry Commitment at that moment is (11/17)=64.7%. But if the MACD, SMA(10) and SMA(20) have a coefficient of 2 and the 3 of them were giving a buy signal in those 11 indicators, the Commitment would now be (14/20)=70%. This means that the necessary total is higher now but if the indicators making that total higher are giving a signal then the commitment percentage would be reached faster.
Expert Advisor Options/Features:
- Only one trade at once
- Automatic Lots based on Risk: 1% by default
- Trader can choose to trade both directions or only buy or sell
- Trader can select the Time Frame to be analyzed
- Trader can have predifined Stop Loss, Take Profit and Trailing Stop Loss (TSL needs revision)
- Stop Loss and Take Profit Levels modified automatically as per trader values in points (5-digit brokers 1 pip = 10 points, so 20 pips are 200 in these fields)
- Optional Sound and Email Alerts included
- Other features: slippage, magic number, manual lots
