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 a big deal on larger time-frames.)
- They may consider up to 4 secondary time-frames in their analyses and score of space, trend, quality of bar, quality of important locations, big round numbers and quality of pullbacks.
- The bots are based on many of the trading principals of the James16 chart thread. *Neither I, nor my EA are affiliated in any way to the Jame16 group.
- Non scalper. Uses only completed bars in its calculations.
- Recommended to use all PAM bots simultaneously: TREND4, CARROT[free], TURNIP and BLUEBERRY plus more to come.
About the PAM Carrot
- This PAM bot has been trained to focus on entries on the D1 time frame chart likely to give a bigger move. W1 are also examined and included in the considerations with a lot of weight on trend.
- This EA uses an advanced trailing stop which includes big round numbers and recent bar lows and highs in it’s calculations.
- Pre-optimized for wide range of markets. Ready to go.
- StartDate — Date to begin trading. Will only pre-load bars in fast mode up till this point. We need at least 250 weekly bars to run properly.
- Lots - Percent of equity to risk on each trade.
- MAGIC_NUMBER — Unique ID.
- Slippage — Maximum slippage.
- EXPOSURECHECK — If true will not open correlated trades.
- CheckMargin — If false it will bypass the free margin check. Turn it off to save CPU during tests.
- Thresh — How high the potential trade must score to trigger an entry.
- SYMBOLS — The total number of different symbols to be included in the strategy. (Live Only. Only 1 symbol can be run in Tester on the MT4 version.)
- SYMBOL1…SYMBOL30 — Enter each symbol to be included in the strategy. (Live only. Only 1 symbol can be run in Tester on the MT4 version.)
- riskadj1…riskadj30 — Enter each risk multiplier for each symbol in case you want to risk more or less than the specified Lots for some symbols. This is a multiplier so 1 is normal risk. 0.5 is half risk. 2 is 2x risk.
- ALERTS — If true pops an alert on each new order placed.
- PrintOrderStats — Prints order status on each new bar.
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