Rebate System

Rebate System performs a large number of trades with the minimum profit, which gives the opportunity to earn from receiving rebates (returning part of a spread).

It is based on two grids (buy and sell), when one of them is in a drawdown, the other one can enter with an increased lot size, keeping the account away from the drawdown.

It features a news filter, which prevents the possibility of getting into a trend without rollback caused by news releases.

The default parameters are for EURUSD and a minimum deposit of 3000 units of the base currency (cent for cent accounts, $ for classic accounts)

Input parameters

• StopAfterTP – stop trading after closing all grids;
• TF_FirstOrder – period for opening the first orders in the grid;
• TF_SeriesOrder – period for opening averaging orders;
• Lot – lot size;
• Takeprofit – take profit;
• StepNextOrder – the minimum allowed distance between grid orders;
• LotMultiply – multiplier for the lot of the current open order of the grid;
• MaxTrades – the maximum number of orders in the grid.

Break-even parameters

• BE - number series – the number of order in the series after which the stop loss will be placed;
• BE - start after point – the number of profit points after which the stop loss will be placed;
• BE - distance point – distance from the breakeven of the series at which the stop loss will be placed.

Lock parameters

• Lock - number series – the number of order in the series after which the opposite grid increases the lot for locking;
• Lock - % lots grid – locking percentage, lot size as a percentage of the sum of the opposite grid;
• Lock - max lot – the maximum lot size of the first locking order.

Other parameters

• Slippage – slippage;
• MagicNumberSell – identification number for sell orders;
• MagicNumberBuy – identification number for buy orders;
• UpdateSecond – timer for checking the placed take profits and stop losses.

Parameters of the news filter

• News Filter – list for selecting the values
• High – filter high-impact news;
• High & Medium – filter high-impact and medium-impact news;
• High, Medium & Low – filter news with any importance;
• OFF – disable the news filter.
• News before hour – the number of hours before the news release to stop trading
• News after hour – the number of hours after the news release for the EA not to trade
• News stop type - a list for selecting values
• First order - not to open the first order, but continue the started grid
• All grid - stop all deals in the news range

To use the news filter, it is necessary to add the following URL:

• http://www.forexfactory.com
• https://cdn-nfs.forexfactory.net
• http://ec.forexprostools.com

to the list of allowed URL on the Expert Advisors tab.

Visualization parameters

• Color_BE_buy – color of the breakeven level for buy orders;
• Color_BE_buy – color of the breakeven level for buy orders;

Parameters are for four-digits quotes, they will be multiplied by 10 on five-digit instruments.

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