Conqueror

This is a fully automated trading robot. Conqueror trades using pending orders, and modifies the pending orders following the market price movement. At the start, the Expert Advisor places two pending orders - BUY STOP and SELL STOP at a certain distance from the price equal to Distance, and then moves the orders following the price movement by modifying them every few seconds - MoveStopOrderSec. Also, in case of a strong movement, the EA places additional orders in the direction of the movement - DistanceAddOrder, each order has an individual trailing stop - SLTrailing. In order to avoid modification of pending orders on each pip, the EA uses MoveStopOrderStep - the minimal distance, below which orders will not be moved following the price.

Key Advantages of the EA:

• Does not use Martingale.
• No arbitrage.
• No Grid.
• Always uses stop loss to protect capital.
• User friendly.
• Works with any brokers that provide ECN accounts.
• It can work with a small deposit.
• only pending orders.
• Can work with fixed lot and MM.
• The Expert Advisor can work on any pairs, recommended: GBPJPY and GBPUSD.

Requirements and Recommendations

• 5-digit quotes.
• Maximum allowed spread — 0 to 20 pips.
• Minimum deposit is 100$.
• Use VPS or hosting server with minimal network latency to the broker's server.
• 24/7 terminal operation.
• ECN broker with low commission and spread.
• Working timeframe M1

Parameters

• Distance - the distance between the price and the pending orders
• DistanceAddOrder - the distance, at which additional pending orders should be placed after one of the initial orders triggers, while the second one is deleted.
• SLTrailing - the distance at which Trailing Stop shall trigger.
• TrailingStep - the step of the Trailing Stop.
• MM_Mode - lot calculation mode: as a percent or fixed lot.
• Vol - order volume.
• MoveStopOrderSec - time in seconds, after which the orders shall be moved following the price.
• MoveStopOrderStep - the minimum distance, below which orders will not be moved.
• Magic - the EA's magic number
• Slippage - allowable slippage