Expert TAPicker

Trading system features and principles

The Expert Advisor utilizes classical technical analysis patterns, based on which a group of strategies has been determined; orders are placed following each of the strategies. Basic principles for signal generation: the divergence of price and technical indicators, the accumulation/distribution of market participants, risk evaluation on the basis of historical price extrema.

The EA contains a built-in lot calculation algorithm based on the user defiled risk. If there is a possibility to open a trade with the minimum lot, the EA will open a trade. For example, if the calculated lot for a trade is 0.0095, and the minimum lot for the trade specified by the broker is 0.01, the EA will still open a deal with the 0.01 lots.

The recommended minimum deposit for the system is 500$ (with a leverage of 1:100-1:500). However, the deposit size depends mainly on the EA's risk configuration.

Description of the Expert Advisor Settings

The code of a parameter in the settings window, its description, and its default value

• uBP - Enable counting price break cases (false).
• aSIOS - Signal points are within one segment of the MACD indicator (false).
• uSLC - Correct stop loss near high/low. If "true", the stop loss will be placed at the last high or low (false).
• uTPC - Correct take profit near high/low. If "true", the take profit will be placed at the last high or low (false).
• uATRS - Use the "standard" (average) bar for the stop value (false).
• uLO - Place limit orders upon a signal, if "false" - market orders (false).
• uALMACD - Automated adjustment of the MACD level value (true).
• pOLMACD - Period for the minimum MACD level calculation in bars* (4000).
• mOBE - Open multiple orders when working with multiple strategies (true).
• mOBS - Open multiple orders inside each strategy (true).
• uLPC - Check latest extrema when opening an order. They should not be above (for sl buy order) and below (for sl sell order) (true).
• uACSL - Auto calculation of stop loss (true).
• r - Profit to loss ratio if uACSL=true (3,5).
• iSLSBMACD - Stop level multiplier if uACSL=true (3,0).
• uACLS - Auto calculation of lot value (true).
• l - Lot value if uACLS=false (0,01).
• uTC - Moving a trade to breakeven (true).
• pOP - Profit level (distance from the target profit) to move to breakeven if uTC=true (0,7).
• aMC - Control of the Magic number of an order depending on the timeframe and strategy (true).
• m - Unique Magic number of orders if aMC=false.
• p - Prefix for object names (eTAP8_).

* - The chart should have enough bars in order to evaluate the minimum MACD level, otherwise the system will fail to open orders

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