The Expert Advisor’s conditions for entering and exiting the market are based on the MultiSignals_PCHindicator, which can be downloaded for free from Code Base.
The Expert Advisor can be used for trading in the manual, semi-automatic or automatic mode.
Multi-currency trading. This version supports 3 symbols.
Multi-system trading. In this version, you can set up 4 strategies for each symbol. The Expert Advisor sets a unique magic number for each strategy.
Multi-timeframe trading. You can set up trading on any timeframe.
You can trade with a fixed lot or turn on the system of money management “Fixed Ratio Money Management” introduced by Ryan Jones.
The Expert Advisor includes interactive multi-functional informational an trading panes.
When testing the Expert Advisor in the visual mode, you can see an informational pane on the chart, which helps in understanding how the Expert Advisor works in the automatic mode.
Parameters of the Expert Advisor:
Description of Parameters of the Expert Advisor
Number Of Try
Number of additional attempts in case of an unsuccessful trade operation. In other words, the Expert Advisor performs an additional attempt after a specific timeout. For example, it can open a position in case the previous attempt has been unsuccessful. It applies to all trade operations.
Acceptable slippage of price. In other words, if there is a slippage when opening a position, the operation will be canceled. Probably, there is a point in using this parameter in case of trading on small timeframes.
Turn on (true)/off (false) trading by a specified symbol.
Symbol name. The name should be specified in the same way as in the Market Watch window of the trading terminal.
On/Off Time Range
Turns on (true)/off (false) trading within a specified time range.
Hour of the Start of Trade
An hour to start trading from.
Hour of the End of Trade
An hour, till which is should trade.
Close Position in the End Day
Enables (true)/Disables (false) the mode, in which a position is closed at the end of day.
Close Position in the End Week
Enables (true)/Disables (false) the mode, in which a position is closed at the end of week.
Period PCH (total)
If a value greater than 0 is set, then it will be used as a common parameter for the indicator in all trade strategies of this symbol.
If the Period PCH (total) value is greater than 0, then the value of this timeframe will be used for the indicator.
Trade TS â„–01
Enables (true)/Disables (false) trading for this trade strategy.
Indicates which group of signals should be used on this trade section.
Period PCH (sub)
If the Period PCH (total) value is equal to zero, then this value will be used for the indicator for this trade strategy.
Type Take Profit
Indicates which type of profit fixing (Take Profit) should be used in this trade strategy. Two variants are supported in the current version of the Expert Advisor:NOTAKEPROFIT, Points. It means either not using a Take Profit or setting aTake Profit according to a specified number of points.
Indicates a distance in points for the level of fixing a profit (Take Profit) in this trade strategy.
Type Stop Loss
Indicates a distance in points for the level of protection (Stop Loss) in this trade strategy. Two variants are supported in the current version of the Expert Advisor:NOSTOPLOSS, Points. It means either not using a Stop Loss or setting a Stop Loss according to a specified number of points.
Indicates a distance in points for the level of protection (Stop Loss) in this trade strategy.
Value of the fixed volume. If the Money Management On/Off parameter is set to false, then the value of this parameter is used as a volume for trading.
Money Management On/Off
Enables (true)/Disables (false) the system of money management. If it is set tofalse, then a fixed lot (volume) will be used for trading; its is specified using theFix Lot parameter.
A starting point for calculation of the volume used for trading in the system of money management.
A value indicated as a amount of assets an account has increased/decreased by to increase/decrease the volume used for trading.
Starting volume that will be increased/decreased.
Step of volume change. An amount by which the volume used for trading will be increased/decreased.
If the deposit size becomes as small as this value, trading will be stopped.
Max Draw Down Equity (%)
If the deposit size becomes as small as this value, trading will be stopped, and the Expert Advisor will be removed from the chart for the sake of security. After that, a message describing the reason of deletion is written to the log. This rule is also applied when testing and optimizing the parameters.
Stop Trade by Free Margin ($)
Before performing a trade operation (buy/sell) the calculation is done; if it comes out that the amount of assets will decrease below the specified value as a result of the operation, the operation will not be performed.
Stop Loss/Take Profit by Disconnect ℗
A real Stop Loss and Take Profit. They are set up beyond the highest and lowest current trade levels.
Condition of Selection Criteria
Two variants are possible: AND and OR. It applies to the criteria in theOPTIMIZATIONREPORT section of parameters. Determines a way of selecting the results of optimization to be written in the file. If the AND variant is selected, all specified conditions must be fulfilled. If OR is selected, at least one of the specified conditions must be fulfilled.
From a drop-down list you can select a parameter that will be used for forming a condition of writing the results of optimization to the file.
Equity DD Max %
Nothing is written to the file, and it is not created at all if the NOCRITERION is selected for all the parameters marked as Statistic Criterion.
A value (limit) for forming the criterion for filtering the results of optimization that are to be written to the file.
For example, if the Profit value is selected for the 01 _ Statistic Criterion, the100 value is set for 01 _ Value Criterion, all the other Statistic Criterionparameters are set to NOCRITERION, then only the results where the number of deals is greater than 100 will be written to the file of optimization results.
Enables (true)/Disables (false) the system of sound notifications about trade operations. There is a special sound for each event/group of events. The following events have their sounds:
Error of trade operation.
Opening a position/Increasing volume of a position.
Setting/Modifying a pending order/Stop Loss/Take Profit.
Deleting a pending order.
Decreasing volume of a position.
Closing a profitable position.
Closing an unprofitable position.
Color scheme for a price chart. From a drop-down list you can select one of eight available color schemes for a chart.
As a free addition, purchasers of the product can get the BOOKREPORT application via e‑mail upon a request. This application allows performing additional analysis of the results of optimization and testing.
Not all the features are described here. Detailed information about using this Expert Advisor is given in the Limitless Opportunities with MetaTrader 5 and MQL5.
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