MowerEurchf

The "MowerEurchf" automatic trading system uses price retracements and is the most efficient on flat markets. Trading is performed mainly by short-term trades, when the price moves within a channel. In case of a trend movement, the EA opens averaging deals with a lot step calculated depending on the distance passed by the price. The algorithm provides for the opening locking deal when there is a loss. The EA is configured for working on the EUR/CHF currency pair, where flat is often observed.

Advantages

• large number of deals (more than 100 per month);
• use of locking deals;
• possibility to get rebates;
• low cost of the program.

Requirements

• currency pair: EUR/CHF;
• timeframe: М15;
• minimum deposit - $1000 or $10 on a cent account;
• ECN account;
• five-digit quotes;
• low spread (no more than 30 points).

Input parameters

• maxspread - maximum spread for opening deals;
• rsiperiodforopening - period of the RSI indicator for opening a trade;
• maperiod - period of the Moving Average indicator for opening a trade;
• pricemadiff - distance from the current price to the Moving Average line for opening a trade;
• pricemadiff2 - distance from the current price to the Moving Average line for opening an averaging trade;
• envelopesperiodforopening - period of the Envelopes indicator for opening a trade;
• envelopesdeviationforopening - deviation of the Envelopes indicator for opening a trade;
• leveltoopenaveragingtrade - distance in points for opening the averaging trade;
• stepforlotpoints - distance in points to calculate the lot of the averaging trade, which is opened with an increased lot;
• opensecondserie - enable/disable the second series of deals opened by the same strategy, but in the opposite direction;
• atrfilter - enable/disable the ATR indicator filter;
• atrperiod - period of the ATR indicator for opening a trade;
• atrlevel - value of the ATR indicator below which trades are opened;
• hedgeprotection - enable/disable opening pending orders in both directions for preventing losses in case of a sudden price movement in a single direction;
• hedgedistancepoints - distance in points for opening hedging trades;
• hedgelotmultiplier - lot multiplier for hedging trades;
• hedgesl - stop loss in points for hedging trades;
• locking - enable/disable opening the locking deal in case of a prolonged trend, if the drawdown reaches 50% of the deposit;
  
• equitypercentforlock - percentage of the free margin to open a locking deal in case of a drawdown (optimized value - 50%)
• locklotpercent - percentage of the sum of the deals' lots opened in the same direction for calculating the lot size of the locking deal in case of a direction (optimized value - 10%)
• trailingpoints - trailing stop in points for a hedging trade;
• closebyrsi - enable/disable closing deals based on the RSI indicator;
• closebystoch - enable/disable closing deals based on the Stochastic indicator;
• closebycci - enable/disable closing deals based on the CCI indicator;
• cciimpulse - distance between the CCI indicator value of the last candle and the current value;
• rsiclosingperiod - period of the RSI indicator for closing a trade;
• envelopesperiodforclosing - period of the Envelopes indicator for closing a trade;
• envelopesdeviationforclosing - deviation of the Envelopes indicator for closing a trade;
• buyaimpoints - target in points for every buy trade;
• sellaimpoints - target in points for every sell trade;
• startlot - lot of the initial deal;
• magicnumber - magic number;
• comment - custom comment.

Recommendations on usage

• Lot calculation: 0.01 lot per $1000.
• It is recommended to use VPS with low latency to the broker's server.

Using the martingale principle may cause the drawdown to increase above 30% of the account balance when there is a prolonged trend without price retracements. In this case, locking is used, which can be configured by testing the EA on a demo account. Trends do not last forever.

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