The Expert Advisor builds channels based on the data obtained using ATR and MA indicators according to the equations:
- Upper channel border = MA + ATR * (FIBO);
- Lower channel border = MA – ATR * (FIBO),
where FIBO has the following values:
- Style of Trade – Aggressive = 1.61852;
- Style of Trade – Average = 3.26704;
- Style of Trade – Calm = 4.85556.
Trades are opened inside the channel with the intervals defined in the settings. Long and short positions are opened independently. Positions are closed when one of the two events occurs:
- Total profit in points is reached;
- Total profit in percentage is reached.
I recommend using the EA on flat symbols with a relatively small amplitude.
The best results are achieved on CHFJPY M15.
Options
- Style of trade – trading style (aggressive, moderate, quiet);
- Risk – risk percentage for opening the first trade;
- If Risk=0, lot will be – lot size if Risk=0;
- Step between orders – step between orders;
- Order Number – after the specified number of orders is reached, the lot increase mechanism is activated;
- How much to multiply the next lot – lot increase ratio;
- Take Profit – take profit;
- Stop Loss – stop loss;
- EnablePercent – close orders by profit in %;
- Take Persent – % value to close orders;
- Take Points – close orders when reaching the specified profit in points;
- Period ATR – ATR period;
- Period MA – MA period;
- Slippage – slippage level;
- Magic – magic number;
- Comment to Orders – order comment.
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