Bonanza

Bonanza is a fully automated Expert Advisor .

Operation principle: Advisor analyzes the state of the market. An expert on the state of the foreign exchange market opens orders. Orders are closed by take profit or trailing stop. Bonanza uses stop loss.

In advisor Bonanza , you can use money management or a fixed lot..

The adviser Bonanzais a multi-currency one, while observing money management, the advisor can work on any pairs.

It is recommended to use the EA on brokers with low spread, low commission and fast execution. Most ECN Brokers have these qualities.

The EA's sample settings are displayed on the comments page. Setting files are to be posted at the Comment tab.

 

Recommended

• Timeframe: M5-H4. H1 is recommended.
• Account type: any. ECN is recommended.
• Stop-level of your broker should be 0, if not then do not use trailing, and you need to use a virtual stop loss and take profit.

 

Parameters

• Level – Level . The value can be from 1.0 to 15.0.
• Value - state of the foreign exchange market. The value can be from 1.0 to 99.0.
• Money Management OFF/ON - use management or fixed lot.
• Risk - lot size as a percentage of free margin .
• Lot Size - fixed lot size.
• Start hour - operation start hour (broker time!).
• Stop hour - operation end hour (broker time!).
• Maximum Spread - maximum allowable spread in pips.
• Virtual Take Profit OFF/ON - virtual take profit is on or off.
• Virtual Take Profit - virtual take profit.
• Take Profit - standard take profit.
• Virtual Stop Loss OFF/ON - virtual stop loss is on or off.
• Virtual Stop Loss - virtual stop loss.
• Stop Loss - standard stop loss.
• Use Trailing OFF/ON - trailing stop enabled or disabled.
• Maximum slippage - maximum slippage.
• Magic -  used to identify orders.
• Comment – a custom comment..