OilForRent Expert Advisor.
Version: 1.00
date: 14/04/2023
Author: Pierantoni Fabrizio
Expert Advisor based on the interaction of signals from the market. Compare past and current signal levels across moving averages and RSI signal.
The system is based on the trailing stop.Once the signal is in gain, the trailing stop is activated in search of the best gain.
Automatic Stop Loss is used to escape from High Drawdown.
The expert advisor is optimized for use with WTI on H1 timebase.
The following parameters can be set:- Magic Number Id: unique number of the expert advisor.
- Stop Loss in pips: Stop Loss Value
- Take Profit: Take profit value
- Lots : Lot to be trade
- Trailing Stop: Value in pips for starting triling
- Trailing Step : value in pips for stop trailing step
- Autolot : True = enable , false= disable
- AutolotRisk : % of risk balance
-------------------------------- Fliter ----------------------------------------------------- SpreadFilter: enable or disable the spread filter.
- Max Spread value: maximum value of the spread to enable the trade.
- RsiTimeFrame : TimeFrame fo Rsi Exit Strategy.
- RSIPreviousShift : Number of previous Bar.
- RsiExitValueMax : Value for Rsi Exit On Sell.
- RsiExitValueMin : Value for Rsi Exit on Buy.
- MATrendPeriod : trend Period for Moving Average.
- MACDOpenLevel : Open Level for Macd Indicator.
- MACDCloseLevel : Close Level for Macd Indicator.
- TimeFrameMacd : time Frame for Macd Indicator.
Best setup for WTI H1 ( you have to change them!!)
Expert advisor work with all currency but its logic is for wti
Stop Loss: 0 ( macd strategy for closing order)
Take Profit: 360 (trailing stop activated)
Trailing Stop: 120
Trailing Step: 10
RsiTimeFrame : 15
RsiPreviousShift 1
RsiExitValueMax 90
RsiExitValueMin 20
Ma Trend Period: 25
Macd Open level: 3
Macd Close Level: 9
Timeframe Macd: 60
Recommended Lot 0.01 or 2% Balance.
Recommended VPS .
