Expert Advisor MP Level

Buy MP Level Expert Advisor in the store selling algo trading systems

The MP Lev­el Expert Advi­sor trades on poten­tial­ly impor­tant lev­els which are formed as a result of the last sig­nif­i­cant move­ments of price.

The main advan­tage of the Expert Advi­sor, along with lev­el detec­tion, is an algo­rithm for cal­cu­la­tion of a prob­a­ble influ­ence of the lev­el on the fur­ther move­ment not only by the direc­tion, but also its strength.

The Expert Advi­sor works with auto­mat­i­cal­ly cal­cu­lat­ed stop orders (Take Prof­it is greater than or equal to Stop Loss, if nec­es­sary, there are para­me­ters for adjust­ing in the set­tings). While work­ing stop orders can be adapt­ed to the lat­est actu­al lev­els or change the side of open­ing if there is a sharp change of the trad­ing instru­ment behavior.

The Expert Advi­sor includes 4 meth­ods of mon­ey management:

  • fixed lot size;
  • lot cal­cu­lat­ed using the glob­al vari­able in which the size of mar­gin in the deposit cur­ren­cy is specified;
  • per­cent­age from free margin;
  • fixed pro­por­tion method.

MP Lev­el is designed for H1 (hour time­frame) and 3 cur­ren­cy pairs:

  • EURUSD;
  • GBPUSD;
  • EURGBP.

There is also a mul­ti­c­ur­ren­cy mode which allows trad­ing on three instru­ments simultaneously.

Description of some parameters of the trading system

  • LOC_Enabled_ — switch to the order based mode of trading.
  • SL_Koeff_ = 1.0 — mul­ti­pli­er for the cal­cu­lat­ed Stop Loss;
  • TP_Koeff_= 1.0 — mul­ti­pli­er for the cal­cu­lat­ed Take Profit;
  • LEVEL_Step_ = 6 — size of the step in bars for cal­cu­la­tion of the lev­el (must be less than or equal to LEVEL_Deep_);
  • LEVEL_Deep_ = 30 — depth in bars for cal­cu­la­tion of the level;
  • ADAPT_Koeff_0_ = 87.41367 — coef­fi­cient for adap­ta­tion (it can be adjust­ed in any range);
  • ADAPT_Koeff_1_ = ‑4044.66 — coef­fi­cient for adap­ta­tion (it can be adjust­ed in any range);
  • ADAPT_Koeff_2_ = 3349.84 — coef­fi­cient for adap­ta­tion (it can be adjust­ed in any range);
  • LEVEL_Grad_ = 10 — lev­el sensitivity;
  • MA_Sensitivity_0_ = 1 — sen­si­tiv­i­ty in cal­cu­la­tions that use the Mov­ing Average;
  • MA_Sensitivity_1_ = 1 — sen­si­tiv­i­ty in cal­cu­la­tions that use the Mov­ing Average;
  • FRACTAL_Total_ = 10 — num­ber of frac­tal filtering;
  • FRACTAL_Shift_0_ = 2 — shift for frac­tal filtering;
  • FRACTAL_Shift_1_ = 2 — shift for frac­tal filtering;
  • TEMPER_Volume_ = 2 — inter­nal vol­ume of char­ac­ter­is­tics of a lev­el for calculation;
  • TEMPER_Mode_0_ = 0 — mode of cal­cu­la­tion of the first char­ac­ter­is­tic of the lev­el (range 0 — 2);
  • TEMPER_Mode_1_ = 1 — mode of cal­cu­la­tion of the sec­ond char­ac­ter­is­tic of the lev­el (range 0 — 2);
  • TEMPER_Mode_2_ = 2 — mode of cal­cu­la­tion of the third char­ac­ter­is­tic of the lev­el (range 0 — 2);
  • BORDER_Instum_ = ‑5774.24 — coef­fi­cient for cal­cu­la­tion for an extra­ne­ous lev­el (it can be adjust­ed in any range);
  • BORDER_EXTR_Dev_ = ‑44.93 — coef­fi­cient for cal­cu­la­tion for an extra­ne­ous lev­el (it can be adjust­ed in any range);
  • MM_1_Money_GV_Name_(Global vari­able name, where get amount of mon­ey)= “MONEY_SIZE — the para­me­ter con­tains the glob­al vari­able name which con­tains the size of assets in the deposit cur­ren­cy that will be used for open­ing positions;
  • SPREAD_Max_(Spread lim­iter) = 5 — lim­it of spread for open­ing (5 points is a rec­om­mend­ed limiter);
  • TRADE_ATTEMPTS_ = 250 — attempts to open;
  • TRADE_DELAY_ = 1000 - time­out for a new attempt.

Note: points are spec­i­fied with old precision.

Ver­sion 2.0:

  • 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.

MP Level 

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