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News Expert Advisor (no indicators
EA trades on a large market movements, and does not uses any indicators.
The idea of the Expert Advisor is that stop orders are discrete-time moving at a given distance from the current price.
If the price is rather abruptly slid to one side, the EA simply does not have time to move the order and it becomes a market.
Further included trail orders.
extern int Stoploss = 10, // stoploss if 0 is not changed
Takeprofit = 50, // TakeProfit, if 0 is not changed
extern int TrailingStop = 10, // length of Trail, if 0 no trail
extern int TrailingStart = 0, // when trail usede, for example, after reaching 40 n arrived
extern int StepTrall = 2 // Thrall step - move stop-loss is not closer than StepTrail
extern int NoLoss = 0, // transfer to breakeven for a given number ve points of profit, if then there is no move to breakeven
MinProfitNoLoss = 0, // minimum earnings when move to break-even level
extern int Magic = 77 // Magic
extern int Step = 10, // distance from the price
extern double Lot = 0.1;
extern int TimeModify = 30 // number of seconds before a order is not allowed to change
extern int slippage = 30 // The maximum deviation of the price for market orders (orders to buy or sell).
cm_EA_News.mq4 6.59 kb, 38 downloads since 2014-09-30
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What sets the News Expert Advisor EA apart is that it doesn't rely on any indicators. This EA is designed to trade during significant market movements, and it uses stop orders that move discretely at a specified distance from the current price.
Here are some key features and parameters:
Stop orders that move based on price action.
No reliance on indicators.
It can work as a market order if price movement is too abrupt.
Trailing stop functionality.
Adjustable settings for stop loss, take profit, trailing stop, and more.
I've given it a try, and so far, it seems to be doing well on my MT4. I particularly appreciate its ability to adapt to sudden market shifts.
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