The algorithm of this model produces two elements for making trade decisions as a result of compressing:
Prevailing direction of the price movement;
Maximum deviation from the prevailing direction in future.
These two elements are used by the Expert Advisor for making trade decisions on the best direction for entering and for setting the best take profit. The stop loss is constant and is specified as a fixed value.
Using three unique algorithms (UNO, DUO, TRE) Compression Expert Advisor compresses a lot of factors of the price movement. Each factor contains some useful information. Due to compression we get the elements that contain useful information (clearly describing a specific property). Further trade decisions can be easily made using these elements. Factors are gathered on ranges with different periods in order to increase the informational capability of the final elements.
Note that fewer elements there are, the higher is their informational capability. This is the distinctive feature of each algorithm.
The Expert Advisor has been developed for EURUSDH1, and this chart is recommended for operation.
The Expert Advisor includes 4 methods of money management:
fixed lot size;
volume calculated using a value specified in a global variable as an amount of assets (in the deposit currency);
percentage of free assets;
Description of Parameters of the Trading System
Trading System Settings
Switch to the order based mode of trading.
Don’t open new positions while there is one.
Fixed stop loss value in points.
Upper level value.
Lower level value.
Number of bars for forming a signal.
Number of bars for the 1‑st range.
Number of bars for the 2‑nd range.
Number of bars for the 3‑rd range.
Number of bars for the 4‑th range.
A value required for the algorithm calculations.
Maximal deviation of values calculated on the small sections.
Spread limit for opening a position (5 points is a recommended value).
Number of attempts to send an order in case it is rejected by the broker.
Timeout before another attempt in milliseconds.
Note: points are specified as for 4 digit quotes. The Expert Advisor will convert the values if necessary.
Added the mode of “hedge” trading. It means that all my Expert Advisors can trade simultaneously on a single currency pair without causing any conflicts and violating the trade logic. This is similar to the “hedge” trading in MetaTrader 4. To activate this mode, set the parameter LOC_Enabled_ to true and set unique values for the parameter MAGIC_ (the identifier of the Expert Advisor for trade operations) for each Expert Advisor.
Added the graphical user interface.
Added the trading panel which displays positions of each Expert Advisor.
The Mercury Expert Advisor is designed for trading on four currency pairs: AUDUSD, EURUSD, GBPUSD, NZDUSD. The simultaneous trade on four instruments decreases risk and increases profit.
The Mercury Expert Advisor …
This trading system was originally designed to utilize repetitive patterns in EURUSD price movements during European daylight hours (basically European and American trading sessions) in course of last 4 years …
This is a professional trading robot, which implements the classical Awesome Oscillator based trading strategy. A signal is formed when the color of the Awesome Oscillator changes. One of features …
The Expert Advisor modifies the Stop Loss level of the opened position (on the current instrument).
The Parabolic SAR, NRTR (Nick Rypock Trailing Reverse), Moving Average indicators or the linear channel …
About the PAM (Price Action Master) EA Series
These multi-symbol multi-time-frame bots enter on high probability engulfing bar and shooting star/hammer/pin bar patterns with a stop order. (Delays won’t matter, slippage and spread not …
Universal Multicurrency Trading System
Multicurrency trading system based on standard indicators. Up to 3 signals of 12 standard indicators can be applied in this Expert Advisor. All indicators have configurable external …
This is a professional trading robot, which implements the classical AMA based trading strategy. A signal is formed when the AMA trend changes. If the AMA indicator is directed upwards, …
EURGBP spot is a short/medium-term Expert Advisor.
Based on its internal indicators the Expert Advisor opens positions looking for around 46 pips of profit.
Take a closer look to our astonishing four …