Expert Advisor Mercusuar MT5

Buy Mercusuar MT5 Expert Advisor in the store selling algo trading systems

Mer­cusuar MT5 is a scalp­ing Expert Advi­sor based on price move­ment that works on Meta­Trad­er 5 platform.

It has some armors to improve its per­for­mance: two trad­ing strate­gies (Mode Pulse and Mode Beam) and two addi­tion­al armors (NOS and Booster). 

It also has order type option (Instant, Pend­ing Stop or Pend­ing Lim­it) and Reverse Order option. Addi­tion­al fea­tures are Time Trad­ing and Tar­get Profit/Loss filter.

You can adjust all of them, so that they suit your tar­get and style.

Input Para­me­ters:

  • GENERAL INFO ———————————
  • Expert Name
  • Expert Ver­sion
  • Expert Devel­op­er
  • Expert Set­up
  • GENERAL SETTING —————————-
  • Max­i­mum spread allowed in pip(s)
  • Mag­ic Number
  • TIME SETTING ——————————-
  • Start hour to trade
  • Stop hour to trade
  • MONEY MANAGEMENT ————————
  • Mon­ey man­age­ment (true or false)
  • Risk in per­cent­age terms
  • Vol­ume in lots if mon­ey man­age­ment is false
  • Tar­get prof­it in per­cent­age mon­ey, if 0 is not used
  • Tar­get loss in per­cent­age mon­ey, if 0 is not used
  • Restart trade if one of Tar­get is reached (true or false)
  • ORDER MANAGEMENT ————————-
  • Take Prof­it in pip(s), if 0 is not used
  • Stop Loss in pip(s), if 0 is not used
  • Trail­ing Stop in pip(s), if is 0 not used
  • MODE PULSE SETTING ————————
  • Use Mode Pulse (true or false)
  • Mode Pulse reverse order (true or false)
  • Mode Pulse order type
  • Pulse dis­tant, it is used when pend­ing order is selected
  • MODE BEAM SETTING ————————-
  • Use Mode Beam (true or false)
  • Mode Beam reverse order (true or false)
  • Mode Beam order type
  • Beam dis­tant, it is used when pend­ing order is selected
  • ARMORS SETTING —————————–
  • Use NOS (true or false)
  • Mul­ti­pli­er fac­tor used if NOS is true
  • Use Boost­er (true or false)

Meta­Trad­er 4 ver­sion of Mer­cusuar can be found here.

Author:

achi­day­at, a lec­tur­er of physics at Uni­ver­si­ty of Braw­i­jaya, inter­est­ed in Forex trad­ing espe­cial­ly in devel­op­ment of Expert Advi­sors over 5 years.

 

Mercusuar MT5 

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