Shmendridge PAM Carrot for MT4

about the PAM (Price Action Master) EA Series

• These multi-symbol multi-time-frame bots enter on high probability engulfing bar and shooting star/hammer/pin bar patterns with a stop order. (Delays won't matter, slippage and spread not a big deal on larger time-frames.)
• They may consider up to 4 secondary time-frames in their analyses and score of space, trend, quality of bar, quality of important locations, big round numbers and quality of pullbacks.
• The bots are based on many of the trading principals of the James16 chart thread. *Neither I, nor my EA are affiliated in any way to the Jame16 group.
• Non scalper. Uses only completed bars in its calculations.
• Recommended to use all PAM bots simultaneously: TREND4, CARROT[free], TURNIP and BLUEBERRY plus more to come.

about the PAM Carrot

• This PAM bot has been trained to focus on entries on the D1 time frame chart likely to give a bigger move. W1 are also examined and included in the considerations with a lot of weight on trend.
• This EA uses an advanced trailing stop which includes big round numbers and recent bar lows and highs in it's calculations.
• Pre-optimized for wide range of markets. Ready to go.

Settings

• StartDate - Date to begin trading. Will only pre-load bars in fast mode up till this point. We need at least 250 weekly bars to run properly.
• Lots - Percent of equity to risk on each trade.
• MAGIC_NUMBER - Unique ID.
• Slippage - Maximum slippage.
• EXPOSURECHECK - If true will not open correlated trades.
• CheckMargin - If false it will bypass the free margin check. Turn it off to save CPU during tests.
• Thresh - How high the potential trade must score to trigger an entry.
• SYMBOLS - The total number of different symbols to be included in the strategy. (Live Only. only 1 symbol can be run in Tester on the MT4 version.)
• SYMBOL1...SYMBOL30 - Enter each symbol to be included in the strategy. (Live only. only 1 symbol can be run in Tester on the MT4 version.)
• riskadj1...riskadj30 - Enter each risk multiplier for each symbol in case you want to risk more or less than the specified Lots for some symbols. This is a multiplier so 1 is normal risk. 0.5 is half risk. 2 is 2x risk.
• alertS - If true pops an alert on each new order placed.
• PrintOrderStats - Prints order status on each new bar.