Not so effective so use at your own risk, but posted here for your own use. I t is built for scalping but on average takes 1 trade per every tenth day based on my backtests so far.
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Some example settings for starting balance=$2000 with leverage 1:100 with pictures (backtest for 2019 to 2020 year):
(1) GBPJPY - M15 - TP_Min=90 ; TP_Max=500 ; SL_Min=100 ; SL_Max=850 ; Spread=20 ; Lots=0.1 ;
(2) XAUUSD - M15 - TP_Min=60 ; TP_Max=500 ; SL_Min=400 ; SL_Max=1250 ; Spread=10 ; MACD_SignalSet=true ; MACD_Threshold=2 ; Lots=0.1 ;
NOTE: if have smaller or larger starting balance can change Lot size accordingly, for example, if $200 then Lots=0.01
Scalper: can do multiple trades per symbol; might do hedging
(1) Enter in Market: Tries to detect reversals in MACD, i.e. something like BUY if MACD goes down and SELL if MACD goes up.
(2) Protection: Variable stoploss based on envelope levels.
(3) Exit from Market: If profitable and opposite condition for (1).
Limit Time Range:
No more trades before this hour (if want trading all day, then set StartHour=EndHour) StartHour No more trades after this hour EndHour Start trading day StartDay End trading day EndDay Close trades at end of trading day? exit_end_day If close at end of trading day, then what hour? ExitHour
Main Trading Parameters:
unique magic number for managing trend trades MAGIC Period value for MA (recommend: 80)
MA_Period (recommend: Simple)
MA_Type Fast period for MACD (recommend: 12) MACD_FastPeriod Slow period for MACD (recommend: 26) MACD_SlowPeriod Signal period for MACD (recommend: 9) MACD_SignalPeriod Use the signal on MACD ? (recommend: true) MACD_SignalSet Use MACD only if above or below this level (recommend: 2) MACD_Threshold
Money Management:
Max drawdown percent (40 is an ok value) max_percent_dd Start balance (used for auto-scaling lot size) start_margin Lot risk scaling (set to 0 if fixed lots, will use Min lot size always) risk_gain Min points takeprofit value TP_Min Max points takeprofit value TP_Max Min points stoploss value SL_Min Max points stoploss value SL_Max Min lot size per trade Lots Max lot size per trade Max_Lots Max allowed spread for entering into trade Spread
